Le Lézard
Classified in: Mining industry, Oil industry, Science and technology, Business
Subjects: TNM, ACC

Hatch Rounds Out Oil and Gas Portfolio With Acquisition of Upside Engineering Ltd.

CALGARY, Alberta , Sept. 11, 2019 /PRNewswire/ -- Hatch is pleased to announce that Upside Engineering Ltd. has joined Hatch Ltd., bringing together the largest oil and gas process team for complex upstream and downstream flowsheet development in Canada with a well-established firm that specializes in midstream hydrocarbon business.  

"Together, we will take on and solve the toughest oil and gas challenges, from consultancy and feasibility through to operations, to serve the entire value chain," said Hatch's Chairman and CEO John Bianchini. "We look forward to bringing positive change to the oil and gas industry by leveraging Hatch's unique blend of technology and process excellence in upstream and downstream oil and gas, combined with Upside Engineering's proven track record of delivering midstream projects."

Supported by Hatch's global network of 9,000 professionals, Hatch and Upside Engineering are both privately-held, Canadian-founded firms that have respectively served Western Canada's oil and gas sector for over 30 years. The combined operations in Alberta will also accelerate the recent growth of oil and gas studies and projects for existing Hatch-based teams in Newfoundland, Canada; Houston, USA; London, UK; Johannesburg, South Africa; Brisbane, Australia; Abu Dhabi, United Arab Emirates; and Colombia.

"Being equipped with a fully integrated project delivery capability and capacity will allow our joint organization to create stronger alliances in Alberta and beyond," said Chris Read, President, Upside Engineering. "Drawing on Hatch's global and diverse network, we are excited to expand our service offering to our clients, while continuing to grow our market share."

Additional quotes:

"Our combined organization will be unparalleled in its ability to design and deliver the most technically challenging oil and gas projects, many of which will feature a strong integration with power generation, storage, and transmission solutions." ? Robert Francki, Global Managing Director, Energy, Hatch.

"Hatch Upside seeks to transform the oil and gas industry by reframing the way in which we deliver unprecedented outcomes for clients, whether  it's by creating commercially viable, lower-carbon projects that employ innovative flowsheets, technologies, and renewable power generation capabilities; developing in-situ recovery and partial upgrading technology for oil sands; or building one-of-a-kind LNG export terminal and multi-product gas-monetization production facilities that enable value-add products." ? Sanjiv Save, Managing Director, Oil & Gas, Hatch.  

About Hatch

At Hatch, we offer comprehensive services to the mining and metals, energy?oil and gas and power?and infrastructure sectors. This includes engineering, project execution, advisory, performance improvement, digital, environmental, earth sciences, and Indigenous engagement. Our engineering and project delivery skills cover all phases of activity?conceptualization, design, construction management, start-up and ramp-up, to full operations?all of which are supported by an unparalleled ability to implement novel technologies and upgrade mature operations. Our six decades of experience allows us to respond quickly with sustainable solutions that are smarter, more efficient, and more innovative. We draw upon our 9,000 staff operating in over 18 nations with experience spanning more than 150 countries, to challenge the status quo and create positive change for our clients, our employees, and the communities we serve. We are entrepreneurs with a technical soul.

About Upside Engineering

Operating exclusively in the energy sector, Upside Engineering offers the full spectrum of engineering and design services, as well as procurement and project management services, focused primarily in the oil and gas midstream industry. Our people are our strength and they are empowered to find solutions for our clients. By demonstrating our flexibility while delivering solutions, we have built a reputation of providing quality services since 1989. 

Contact: Sanjiv Save, Managing Director, Oil & Gas, Hatch, +1-403-920-3430; Chris Read, President, Upside Engineering, +1-403-290-4747  



These press releases may also interest you

at 16:45
Aura Minerals Inc. announces that the Company has published its 2019 Audited Annual Financial Statements and Management Discussion and Analysis. Rodrigo Barbosa, CEO of Aura, comments: "After 3 years of critical transformation supported by a...

at 16:45
Triumph Group, Inc. ("Triumph" or the "Company") today announced that it will combine its Integrated Systems and Product Support business units into one "Triumph Systems & Support" business effective immediately. Bill Kircher, current Executive Vice...

at 15:25
Nucor Corporation announced today that its Board of Directors has elected Joseph D. Rupp as a director effective immediately. Mr. Rupp, 69, most recently served as Chairman of the board of directors of Olin Corporation, a leading vertically...

at 15:00
The blistering pace of change in manufacturing makes it one of the most exciting sectors for today's M&A professionals. But what are the special challenges for manufacturing companies and those who invest in them? A February 25 conference hosted by...

at 14:15
The global axial fans market accounted for US$ 4,973.5 Mn in 2018 and is expected to grow at a CAGR of 4.0% during the forecast period 2019 - 2027, to account for US$ 7,069.9 Mn by 2027. Axial fans are the fans which move the airstream along with the...

at 14:05
The global automatic checkweigher market accounted for US$ 235.2 Mn in 2018 and is expected to grow at a CAGR of 4.6% over the forecast period 2019-2027, to account for US$ 342.4 Mn in 2027. The increasing demand for 100% sampling for quality...

News published on 11 september 2019 at 17:21 and distributed by: