Thursday 4 May 2017

Canadian services firm buys into UK oil & gas

A Canadian mining and energy services company has bought a British oil and gas firm.

Hatch has bought the employee-owned g3baxi partnership (g3) in a transaction which it says will enhance the skills and expertise of both companies and improve project delivery over the short, medium and long term.

g3 has extensive knowledge and understanding of upstream facilities, pipelines and terminals and is involved in the UK and the Middle East.

Robert Francki, Hatch’s Global Managing Director for Energy, said: "The g3 team has developed a fantastic business centered on safety, innovation and providing true value for their clients.

"Today is another very positive marker in Hatch’s growth in oil and gas and our vision for the future as we seek to offer sustainable, market leading engineering excellence for our clients around the world."

US President Donald Trump recently signed an Executive Order to allow offshore oil and gas drilling in previously off-limit areas.