Bosses at north-east firm Motive Offshore say the business is on track for a near-40% jump in turnover this year despite the Covid-19 crisis.
Energy investment experts have branded the UK Government’s Covid-19 business loan schemes “virtually inaccessible” and “worthless” to oilfield service firms.
It was an interesting year for deal-making in 2019, despite political and economic challenges.
More than five years on from the onset of a crippling downturn, the “pain” endures throughout much of the supply chain, according to bosses at a private-equity backed Aberdeenshire firm.
EV Private Equity (EVPE) plans to reap the rewards of its investment in the oil and gas sector through a number of sales later this year.
North-east firm Motive Offshore said yesterday it was targeting “ambitious” growth after a multimillion-pound private equity investment.
Former regional banking chief John Brebner has taken up a new role at Aberdeenshire firm Motive Offshore.
An oil and gas equipment specialist has made a £250,000 expansion to its fabrication division in Aberdeenshire.
A pair of north-east firms will team up to make an impact on the diamond wire cutting market in the Middle East.
The latest version of an innovative north-east scheme to help entrepreneurs get their businesses off to a flying start or take them on to the next level is up and running.
Marine equipment specialist Motive Offshore has unveiled its plans for its company restructure and worldwide growth, following a multi-million pound investment last year. Headquartered at its 30-acre site near Banff in Aberdeenshire, Motive Offshore has been restructured as Motive Offshore Group, comprising of two key operating companies Motive Engineering and Motive Rentals, allowing the company to strengthen its offerings for clients in the UK and internationally. Motive Offshore Group chief executive James Gregg said: "The company restructure marks a pivotal time for the business as it continues to expand with an increasing portfolio of clients and workforce.