Enermech As News

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.

Mechanical engineering specialist EnerMech said it is in the process of delivering a £5-million-plus contract to support the turret delivery team on BP’s Glen Lyon FPSO, which has arrived for hook-up operations West of Shetland. The Glen Lyon is a key element of the multibillion pound Quad204 project, which includes redeveloping the Schiehallion and Loyal fields, extending production out to 2035 and possibly beyond. EnerMech provided winch engineering, associated operations and…

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.

Transferring personnel to offshore installations using crewboats and crane-lifted carriers is a common operation around the world; however, practices, levels of training, standards and the equipment used vary greatly. According to DNV GL, risk assessments currently use outdated statistics, and there is no central system for recording levels of activity and incidents. To improve safety performance and raise the profile of this operation DNV GL, the global provider of risk management services, has carried out a study for the newly launched Marine Transfer Forum.

Reflex Marine’s brand new personnel transfer device, the FROG-XT4, was debuted at a recent launch event in Stavanger, Norway. The new four-person device was unveiled at Reflex Marine’s regional partner EnerMech’s fifth birthday party. The development of the FROG-XT range has been a direct response to customer demands and the product has been developed with over 20 years of experience, over 800 transfer devices operating globally, and with an estimated 1 million safe transfers performed using our capsules every year.

Eni Norge AS has awarded mechanical engineering group EnerMech a three-year frame agreement to provide lifting and inspection services on the Goliat FPSO project. EnerMech views the Norwegian oil and gas sector as a key growth area for its seven business lines and in 2014 will invest up to NOK 20.4 million (£2 million) in equipment and facilities to expand its market reach. The company employs 55 staff in Norway and last year opened a second base in Bergen to complement its long established facility in Stavanger.

Oil and gas services group EnerMech Ltd. has predicted 2014 turnover will increase to more than £280 million ($452m), a jump of £80 million ($129m) on the current year’s forecast and double the £144 million ($232m) revenue recorded in its 2012 annual accounts. The Aberdeen-based company’s 2012 group accounts showed an £11 million ($17.7m) profit (EBITDA) on revenue which grew 41% from £102 million ($165m), and it expects 2013 EBITDA to break the £20 million ($32m) barrier. The mechanical engineering specialist reported that in the same period its U.K.

A seminar focusing on crew transfer contingency planning is to be held in Aberdeen on Monday (September 2) organized by specialist transfer and lifting companies Reflex Marine and EnerMech. The event, which is free and open to everyone with an interest in the subject, has been organized in response to a high level of inquiries from people keen to learn about alternative means of transferring crews offshore. Reflex Marine CEO Philip Strong said, “Crew transfer is obviously at the forefront of thought in the oil and gas industry at the moment. Following the seminar there will be a demonstration of transfer equipment and advice on practical aspects of operations.

Oil and gas engineering company EnerMech snapped up Australian industrial sector firm Vicon Services and U.K-based pump equipment specialist Total Reclaim Systems Ltd., in deals worth a combined £10 million. The Aberdeen-based mechanical engineering group will introduce new business lines and significantly strengthen its presence in the multi-billion dollar Australian energy sector through the Vicon deal. The acquisition of Total Reclaim Systems (TRS) increases the range of services EnerMech can provide to the drilling sector.

Mechanical engineering specialist, EnerMech, appointed its first director of QHSE. Ian Pym takes charge of global quality, health, safety and environment functions as part of a drive to enhance performance across the Aberdeen oil and gas services group’s 25 international locations. EnerMech employs 1,500 staff and specializes in providing integrated services to the energy industry which includes cranes and lifting, valves, hydraulic products and services, process, pipeline and umbilicals (PPU), equipment rental and training services. Mr.

Mechanical engineering services company, EnerMech, has been awarded a process services contract by BG Group which could be worth up to £16 million. The three year contract (+1 year option) covers all BG Group’s U.K. North Sea assets including the Lomond, North Everest and Armada platforms. The workscope includes the provision of topside process, flange management and nitrogen services and is the first contract EnerMech has secured with BG Group. Aberdeen-based EnerMech said the contract win will create new jobs and take its total workforce to more than 1,400.

Finalists for this year’s Offshore Achievement Awards have been named  {Tuesday 22 January}, in an announcement which celebrates the highest performing companies and individuals within the energy industry. The 2013 awards, which were launched in October by the Society of Petroleum Engineers (SPE) Aberdeen Section, received a high level of interest across each of the categories. TAQA Bratani is supporting the awards as main sponsor for a second successive year. The awards, which were re-launched in 2011 by SPE Aberdeen…

Mechanical engineering services company, EnerMech Ltd, doubled turnover in 2011 to £102 million, up from £50.6 million in 2010, according to its latest group accounts. The Aberdeen-based group delivered an £8.4 million profit (EBITDA*) and forecast 2012 profits would almost double to £14 million on expected turnover of £140 million. A recently agreed £25 million funding package from private equity backers, Lime Rock Partners, will underpin five strategic acquisitions in 2013, in addition to the £3 million acquisition of South African business Water Weights International last month.

EnerMech Ltd has stepped up its presence in the African oil and gas sector with the £3 million (43 million Rand) acquisition of heavy load testing company Water Weights International SA (Pty) Ltd. The mechanical engineering group will use Water Weights International’s (WWI) strategic relationships to accelerate growth of its main business lines in South Africa and in key East and West African countries. EnerMech will invest up to £20 million (284 million Rand) in its African operations over the next three years and expects its workforce to grow to 250 in the same period.

EnerMech has signalled it’s about to step up international expansion with the appointment of mergers and acquisitions expert Ingrid Stewart. Mrs Stewart has joined the mechanical engineering group from investment bank Simmons & Company International where she was a director specialising in corporate finance. A chartered accountant, she takes on the newly created role of Corporate Development Director, as the Aberdeen-based oil and gas services company embarks on a new phase of acquisitions and strategic joint ventures.

Mechanical engineering specialist, EnerMech, is to open its first office in India as a first step in developing a presence in the country’s fast expanding oil and gas sector. The Mumbai office, headed up by newly appointed Country Manager Steve Watson, will be followed with the opening of a workshop and storage facility in Kakindada, Andrah Pradesh region, by the end of 2012. EnerMech believes its Process, Pipeline and Umbilicals, Cranes and Lifting, Engineering and Valves Divisions can add value to exploration and contractor companies operating in the region.

Expert in marine personnel transfer Reflex Marine has launched a global accredited service centre programme, for its FROG and TORO devices, to ensure uniformly high standards of maintenance and safety for its clients. The first of the accredited service centres has been established in Dubai and will significantly increase the level of support given to new and existing clients in the Middle East. Enermech FZE has been appointed as the first accredited service centre and distributor…

Reflex Marine has established an accredited service centre (ASC) in Norway for its industry-leading FROG and Toro personnel carriers. The company has appointed mechanical engineering specialist EnerMech AS as the accredited service center in the region. As part of an ongoing program Reflex Marine has established accredited service centers in the UAE, Canada and the Caspian region, and plans to establish further centers in Singapore, the US and Brazil. Reflex Marine’s FROG personnel…

Mechanical engineering services company, EnerMech Ltd, will finish the year with a 100% increase in sales, with 2011 turnover expected to top £103 million compared to £49.5 million last year. The Aberdeen-based company forecast for 2011 will deliver a £10 million profit (EBITDA*) and said turnover next year would increase to £142 million with profits expected to double to £20 million. The company also announced that Lloyds Banking Group has agreed to provide additional funding of £20 million, which will be used to support further investment in more equipment and facilities.

EnerMech s been awarded a £6.6 million contract by Apache North Sea Ltd. to supply and install four new Blow- Out Preventer (BOP) handling cranes on the Forties Alpha, Bravo, Charlie and Delta platforms. The project, which will deliver four Stahl cranes and is expected to be completed by Q1 2013, will be serviced by a dedicated engineering team from EnerMech’s Aberdeen-based cranes division. The contract award builds on a number of existing multi-million pound crane operations and maintenance contracts held by mechanical engineering company EnerMech and represents a significant investment in the offshore infrastructure owned and operated by Apache.

Mechanical engineering group, EnerMech, has ring fenced more than $65 million (£40 million) to launch a major expansion in to the USA, as it seeks to replicate  growth in Europe and the eastern hemisphere. Up to $15 million (£9.5 million) will be invested in new Process, Pipeline and Umbilical (PPU) equipment with another $50 million (£31.5 million) set aside for strategic acquisitions allied to its other service lines and to build upon the existing USA business, EnerMech announced at OTC in Houston this week.

Multi million pound Talisman Cranes Contract Lifts EnerMech To New Level. Mechanical engineering group EnerMech has been awarded a multi-million pound contract to manage the UK North Sea offshore crane assets of Talisman Energy (UK) Limited. The five-year contract, with two additional one year options, is the Aberdeen-based mechanical engineering group’s largest single contract award and includes the operation, maintenance, engineering and inspection of more than 30 offshore cranes located across Talisman’s 11 UKCS offshore installations.