New CEO Guy Takes the Helm at EnerMech
Aberdeen-headquartered services company EnerMech announced on Wednesday that John Guy has been appointed as Chief Executive Officer (CEO), succeeding company founder Doug Duguid, who will assume the role of Deputy Chairman.Guy’s appointment as CEO will become effective from August 1, 2019, when Doug Duguid will take on the Deputy Chairman role for a six-month period. The move is part of a planned strategic transition put in place following the acquisition of EnerMech in December 2018 by global investment firm, The Carlyle Group.Guy joined EnerMech in 2010 as Asia Pacific Regional Director based in Singapore…
Carlyle Group Acquires EnerMech from Lime Rock Partners
Global alternative asset manager The Carlyle Group announces that it has agreed to acquire EnerMech Group Ltd, an international services company providing critical asset support to the energy, infrastructure and industrials sectors, from Lime Rock Partners.The transaction is expected to close in Q4 2018, subject to customary anti-trust and regulatory approvals.Equity for this investment will come from Carlyle International Energy Partners (CIEP), a $2.5 billion fund that invests in the global oil and gas sector outside North America. The Fund’s mandate includes exploration & production, mid-stream, downstream and oil field services.
EnerMech Obtains $24m Service Contract
EnerMech Get $24m Contract Lift. EnerMech has secured a cranes and lifting services contract with an international Operator in the North Sea along with an extension of many existing contracts worth just over $24m. The company will provide crane maintenance and crane management to three North Sea platforms on behalf of the new client. The five year contract includes offshore crane maintenance and operation, onshore support and repair facilities, crane spare parts, engineering, and consultancy support. Aberdeen-headquartered EnerMech has also secured…
EnerMech Acquires Denholm Valvecare
EnerMech is expanding its valves division with the acquisition of the UK valves business of Denholm Valvecare (DV). The global integrated engineering services group has acquired the UK trade and assets of the valves division of family-owned Denholm Oilfield Services for an undisclosed sum. EnerMech expects its UK valves business to generate around £7m ($9.9 mln) revenue in 2018 following the deal, which will see all DV valves equipment, inventory and an estimated 25 staff transfer to the Aberdeen-headquartered business. EnerMech chief executive officer…
EnerMech Secures Subsea 7 Australia Contract
EnerMech has been awarded its first contract by Subsea 7 in the Australian oil and gas market. The mechanical engineering group will perform a range of subsea flowline and umbilical pre-commissioning on the Woodside-operated North West Shelf (NWS) Project’s Persephone project and North Rankin Complex in Western Australia. The workscope includes flooding, hydro-testing and dewatering of flow lines & well jumpers and testing all hydraulic, electrical and optical cores on the main line umbilical, EFL’s and HFL’s with work expected to start this month (December).
EnerMech Forms US Partnership with Hydratron
EnerMech has signed a distributorship agreement with Pressure Technologies Plc owned company Hydratron which covers North, South and Central America. In addition to providing sales and technical support for Hydratron’s range of high pressure and flow control products, EnerMech will also act as a service and build-center for the Americas. Formed more than 35 years ago, Hydratron are widely recognized for creating innovative high-quality products and solutions that provide performance assurance. The company supplies the oil and gas, petrochemical, power generation, aerospace, automotive and defence industries.
Global Crane Contracts Give EnerMech $105m Lift
EnerMech’s cranes and lifting division has benefited from a £85 million-plus ($105m) uplift to its order book with a series of contract wins, extensions and renewals. The Aberdeen-based mechanical engineering group has consolidated its position as a major international cranes services provider, strengthening its reputation in the Caspian region and extending its reach by winning new work in the Gulf States, Far East and the Caribbean. In Azerbaijan, BP Exploration (Caspian Sea) have renewed a contract which EnerMech has held since 2010 for up to a further five years.
EnerMech Collaborates on Snap Ring Joint
EnerMech has signed a collaboration agreement with pipeline solutions specialist Snap Ring Joint (SRJ) to provide weld-free mechanical coupling products to international clients. SRJ is a well-established pipe connection and repair solution provider to the energy sector and has pioneered disruptive technology in developing a suite of products which are compatible with all sizes of pipework. Mechanical engineering group EnerMech’s in-country presence in the major oil and gas producing hubs will offer mutual benefits to clients of both companies as it rolls out SRJ couplings in Australia, Canada, Europe, Mexico, South Korea, UAE and USA.
New Guidance for Offshore Personnel Transfer
A new guidance document has been published by the Marine Transfer Forum. “Offshore Personnel Transfer by Crane – Best Practice Guidelines for Routine and Emergency Operations” aims to support an international market which performs over 5 million passenger transfers every year. Developed by EnerMech, DNV GL, Reflex Marine and Seacor Marine the guideline benefits from a range of expertise, which reflect the key roles in ensuring safe and efficient marine transfer operations. The development of the guideline involved a period of detailed industry consultation.
EnerMech Records Group Profits
Mechanical engineering group, EnerMech, grew revenue by 27 percent in 2014 with turnover rising to £258.9 million from £202.5 million, while profits (EBITDA) increased from £14.2 million to £26.7 million. In the latest accounts to December 2014 lodged at Companies House, EnerMech’s U.K. division pushed up revenue on the previous year from £131.5 million to £141.7 million and recorded profits after tax of £4.5 million. Chief executive officer, Doug Duguid, said that the Aberdeen-headquartered Group revenues in 2015 would be in line with what was achieved in 2014, a performance which he was pleased with against a depressed oil price.
EnerMech Shaping Future Engineers With IMechE Approval
Mechanical engineering group, EnerMech, has been accredited by the Institution of Mechanical Engineers (IMechE) to mentor the next generation of chartered and incorporated engineers. The company’s EnerMech Academy has been sanctioned by IMechE to run a Monitored Professional Development Scheme (MPDS) which encourages the progression of young engineers. At the same time EnerMech’s Technical Director Phil Bentley, a Chartered Engineer for 16 years, has been awarded Fellowship status by the institution. Mr Bentley started off his engineering career on graduating from the Heriot-Watt University in Edinburgh…
Hydro Group, EnerMech Join Forces
Subsea cable and connector specialist Hydro Group has teamed up with mechanical engineering group EnerMech to launch a new product offering to the market. Hydro Group and EnerMech have partnered to deliver a new hydraulics hose product, offering lay-up and over-sheathing of hydraulic hoses for use in umbilical, topside and well intervention projects in the oil and gas industry. The partnership could generate in the region of $739,000 in the next 12 months. Graham Wilkie, Sales Director at Hydro Group said, “Building on three decades of proven capability and industry experience at Hydro Group…
EnerMech Secures $53.4m Cranes Contracts
EnerMech has secured six new or renewed cranes and lifting contracts in the UK North Sea sector valued in excess of $53.4 million. The Aberdeen headquartered mechanical engineering group agreed extensions to contracts with Apache North Sea, Maersk Oil and Marathon Oil, and first time or additional workscopes with Centrica Storage/HRL, Aker Solutions and a number of projects on behalf of Technip. The contract wins follows publication of the company’s latest accounts to December 2013 which reveal a 40% upswing in turnover, breaking the $314 million mark for the first time.
EnerMech Looking Long-Term In Norway
As the price of energy continues to fall and talk turns toward pulling the plug on select offshore energy projects, mechanical engineering company EnerMech seems to be bucking the trend in Norway, announcing plans to boost its workforce by more than 20% in the coming year, expanding its offering in Stavanger and Bergen from 60 to 75 staff, with additional plans to invest more than $4m in new equipment. Based in Aberdeen, EnerMech provides integrated service to the oil and gas sector, including cranes and lifting, process, pipeline and umbilicals (PPU), hydraulics and equipment hire.
EnerMech Set for Growth in Middle East and Caspian
Halliburton Veteran Takes Up Key Director Role. EnerMech’s focus on strengthening its Middle East and Caspian business has been underlined with the appointment of oil and gas industry veteran Dave McLeod as Regional Director. The mechanical engineering group has an extensive presence in the region with more than 250 staff working from bases in Abu Dhabi, Qatar, Dubai, Iraq, Azerbaijan and Kazakhstan, and on a joint venture in Saudi Arabia. The Aberdeen company’s largest crane maintenance contract, which is managed from Baku and covers all of BP Exploration’s Caspian Sea assets, was recently extended for another two years.
EnerMech to Add 150 Staff to Australian Operation
International oil and gas services group, EnerMech, has strengthened its operations in Australia with the appointment of two senior oil and gas industry professionals. Craig Wilson and Phil Ellwood will join the EnerMech team as it pushes forward with plans to establish itself as Asia Pacific’s leading oil and gas mechanical services supplier. EnerMech is an $AUD 500 million turnover business which employs 2000 staff in 31 locations serving the international energy sector. Its seven business lines include Cranes and Lifting, Valves, Hydraulic products and services, Industrial Services, Process, Pipeline and Umbilicals (PPU), Equipment Rental and Training services.
EnerMech Acquisitions Extend its Presence in US, Africa
Oil and gas engineering specialist, EnerMech, has extended its international presence in the cranes and lifting and valves sectors with two acquisitions in the USA and Africa. The combined value of the deals is said to be approximately £4 million and are forecast to add an extra £25 million to group revenues over the next three years. Aberdeen-headquartered EnerMech provides a range of mechanical engineering services to the international energy industry, employs more than 2,000 staff across 30 locations and the company expects 2014 revenues to exceed £280 million.
