May 2023, Vol. 250, No. 5
Business
Companies in the News May 2023
Companies
STATS Group Targets Scandinavian Asset Integrity Sector with Distributor Deal
UK-based pipeline technology specialist STATS Group is targeting growth in the Scandinavian energy sector through a new distributor arrangement with Stavanger-based equipment and services supplier Asset Integrity AS, which will supply a range of Process Plant Solutions to clients in Norway and Sweden.
STATS said its tools are already well-established in Norway, and the new distributorship agreement comes in response to increased demand for services, including hydrostatic weld testing tools, weldless connectors, pipe cutting equipment, pin-hole leak clamps and ambient barrier tools.
Asset Integrity is well known to Norwegian Operators and Tier One contractors engaged in maintenance shutdowns and turnarounds, STATS said, and has a growing reputation in localized hydrostatic testing, system and spool testing and the provision of cold-work mechanical connectors for pipework and pipelines in the oil and gas industry.
STATS Group’s Aiden Hardy, regional business development manager, and Asset Integrity’s managing director, Jan Tore Fjelland, noted the companies have had a close working relationship over a number of years.
“This formal agreement is a natural step for both companies to maximize opportunities in the Scandinavian energy sector,” Hardy said.
Located near Aberdeen, Scotland, STATS provides pipeline intervention solutions to the international energy industry and employs more than 340 staff in the U.K., North America, Middle East, Malaysia and Australia.
EES Engineering Named Mongolian Distributor for McElroy
Tulsa-based McElroy added a new distributor to sell and service fusion machinery in Mongolia. EES Engineering is based in Khoroo, Mongolia, and caters to the country’s fast-growing mining industry.
Munkherdene Sanjdorj, head of Business Development at EES Engineering, said his company was first introduced to McElroy equipment while working with the Oyu Tolgoi Mine in the southern part of the country.
He said EES was drawn to the capabilities of McElroy’s products and the service training available through McElroy University, which educates distributors on McElroy equipment and the fusion process and trains them to provide service and support.
“We need to be self-reliant when it comes to looking after our machines,” Sanjdorj said. “In the last three years, when many technicians couldn’t enter the country, we were tested to the maximum. We realized the benefit of self-sufficiency and self-reliance when it comes to maintaining and servicing our equipment.”
ABL Group Acquires AGR
Global multi-disciplinary engineering consultancy and software provider, AGR, and the energy and marine consultancy group, ABL Group ASA, have entered into an agreement for ABL Group to acquire 100 percent of the shares in AGR.
The transaction strengthens AGR’s and ABL Group’s offerings for carbon capture, utilization and storage (CCUS) projects as investment in decarbonizing the hydrocarbon sector is increasing rapidly, ABL said. In addition, the acquisition will enable AGR to offer its resourcing solutions across oil and gas, renewables and low-carbon energies.
“The acquisition gives ABL Group a strong position in well and reservoir consultancy, grows our position within digitalization and energy transition solutions, and expands our services with a resourcing offering that is already well established in the oil and gas sector and positioned for growth within offshore wind,” said Reuben Segal, CEO of ABL Group.
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