THE chief executive of oil and gas drilling tools supplier Saltire Energy has won a major entrepreneurial prize.

Mike Loggie was named the overall Ernst & Young Scotland Entrepreneur Of The Year at a ceremony held at Gleneagles.

He set up the Aberdeen business in 1986 and it now has operations across 50 countries including a presence in Australia, Africa, Europe, the Middle East and the Far East.

It reported turnover of more than £36 million and pre-tax profit of £17.7m in 2014, according to its most recently available accounts.

David Mitchell, from EY, said: "Saltire Energy is a true Scottish success story, delivering exceptional profit and rapid international growth in a very competitive and volatile market, with further scope for growth still. Mike's stewardship and focus on and commitment to his staff and clients have seen the company go from strength to strength."