Motive Offshore Group, specialist in marine equipment fabrication and rental, has rounded off the final quarter of 2019 with the launch of a new Flexibles division and supporting acquisition on Dec. 4.
Motive has completed the acquisition of Stavanger-based Pumptech for a seven-figure sum, reflecting the ambitious growth strategy which follows significant investment earlier this year from private equity firm, EV Private Equity.
Specialists in flexible flowlines and umbilical testing, Pumptech also brings a notably-large fleet of zone 2-accredited hydraulic pump units. On the back of a strong successful international operational history in oil and gas, renewables and maritime markets the combination of services are seen by Motive COO, James Gregg, as fundamental to the continuing global growth of the company, providing clients with an enhanced one-stop shop, focused on lowering clients costs with highest possible service levels and quality.
“These recent developments are reflective of our continuous drive to offer unparalleled solutions for, as we put it, ‘the back-deck and beyond’. We are already renowned for our capabilities in the field of winch production, rental and inspection; the launch of our Flexibles division builds upon many years of experience and track record in this segment and serves to formalize our expertise in the deployment and testing of umbilical equipment,” Gregg said.
The new division sees the appointment of Richard Charles as flexibles division manager. With a track record of senior roles within the flexibles field, his appointment is described by Gregg as “highly influential”.
Launched in 2010 by James Gregg and Dave Acton, Motive Offshore Group is headquartered in Boyndie, Banff, Scotland, with additional offices in Aberdeen, Houston, Norway and the Middle East.
Recommended Reading
Help Wanted (Badly): Attracting Workers to Energy is Becoming Difficult
2024-03-27 - Attracting workers to the energy industry is becoming a difficult job, despite forecasted growth in the industry.
Stena Evolution Upgrade Planned for Sparta Ops
2024-03-27 - The seventh-gen drillship will be upgraded with a 20,000-psi equipment package starting in 2026.
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
2024-03-26 - Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
E&P Highlights: March 25, 2024
2024-03-25 - Here’s a roundup of the latest E&P headlines, including a FEED planned for Venus and new contract awards.
TotalEnergies Restarts Gas Production at Tyra Hub in Danish North Sea
2024-03-22 - TotalEnergies said the Tyra hub will produce 5.7 MMcm of gas and 22,000 bbl/d of condensate.