ABERDEEN-based oil services company EnerMech this week revealed it was awarded more than half-a-billion pounds of new contracts in 2021.
EnerMech, acquired by US-based private equity giant The Carlyle Group in December 2018, said it had increased its headcount by around 30 per cent, compared with 2020, with some of the new contracts already under way and others “commencing imminently”.
It comes as oil prices have rebounded strongly from the lows to which they sank as the Covid-19 pandemic took hold.
Glasgow firm sells labels business in multi-million-pound deal
The 109 employees of Macfarlane Labels will remain with the business further to its sale.
MACFARLANE Group, the Glasgow-based packaging company, has sold its long-standing labels business in a deal worth £6.4 million.
Macfarlane Labels, which designs and prints self-adhesive and re-sealable labels mainly for the FMCG sector (fast-moving consumer goods), and its subsidiaries have been acquired by The Reflex Group, a privately owned company focused on the manufacture of labels and flexible packaging.
Oil services firm acquired by sector heavyweight
The company has secured an additional $70 million credit facilities from banks to support growth, taking the total committed to $300m.
OIL services heavyweight Centurion Group has hit the acquisition trail after securing bank backing for expansion.
The company has bought subsea equipment maker Aleron, which is based in the Granite City. Centurion has also acquired Polar Septic Systems, which it described as a leading provider of wastewater rentals and treatment solutions in Canada.
Travel enquiries snap back with lifting of Scottish testing restrictions
Under new regulations international arrivals who are fully vaccinated or under the age of 18 are not required to take a pre-departure test.
Changes to travel regulations in Scotland have had an immediate impact on booking enquiries, according to the country's professional body for travel agents.
Followng the announcement earlier this week of equivalent rule changes in England, SNP ministers yesterday confirmed the axing of the need for fully vaccinated international arrivals into Scotland to self-isolate.
New owner unveils plans to develop 'highly desired' hotel
The purchase, for an undisclosed sum, was said by agent Colliers to reflect the continuing popularity of premises in prime tourist locations, despite Omicron headwinds.
A HOTEL investor has unveiled development plans after buying his first hospitality business in Scotland.
Benjamin Andrews has hailed the acquisition of the “highly desired” Airds Hotel and Restaurant in Port Appin which was completed late last year as its former owners, Shaun and Jenny McKivragan, retired after 19 years.
Insight, opinion, analysis
Mark Williamson: Sottish Government report underlines risk of reliance on wind power
Ian McConnell: Frost sees a ‘brilliant’ Brexit job as others pay for spectacular folly
Brian Donnelly: Sturgeon Easter Omicron restrictions impact warning
Features
Monday Interview: Murgitroyd chief declares door open for more deals
SME Focus: Edinburgh glazing pioneer bids to cut household emissions
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules hereLast Updated:
Report this comment Cancel