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Source: Digital Energy
Two engineering technical assurance companies, Germanischer Lloyd and Noble Denton, have merged operations to form one of the world’s largest oil and gas technical services company, with 6,400 employees in 80 countries.
The company will provide a broad range of technical services and consulting, to help oil and gas companies make sure that what they are doing is safe.
Both companies already have many joint clients in the oil and gas industry, including ConocoPhillips, Shell, BP, BG, Chevron, Exxon, Total, ONGC, Saipem, StatoilHydro, Transcocean.
Germanischer Lloyd clients include Hess, Talisman, Wood Group, Saudi Aramco, Repsol, Gaz de France, Petronas, and Noble Denton clients include Petrobras, Aker, APL, Heerema Energy.
GL employs over 5,500 skilled engineers. It was founded in 1867, and its 2008 revenues were Eur 544m.
Noble Denton employs around 900 employees. It was founded in 1904, and its 2008 revenues were GBP 100m (Eur 108m).
Pekka Paasivaara, member of the Executive Board Germanischer Lloyd, says that many oil majors are looking for an engineering technical consultancy with a global reach, and GL is keen to be that company. “Oil companies are searching for a technical services partner on a global scale,” he says.
This is particularly true for national oil companies, which often do not have the in-depth technical expertise in-house which international oil companies have.
The combined company has offices in all oil and gas centres, including Houston, Mumbai, Jakarta, Kuala Lumpur, Singapore, Doha, Abu Dhabi, London and Aberdeen. “Most clients are asking for local presence,” says Mr Paasivaara.
Services include technical and operational assurance (agreeing that plans are technically and operationally OK), inspection, safety and risk consulting, engineering design, software, testing, helping maintain reliability, casualty investigation, as well as project management.
The focus is on all areas of oil and gas industry and energy – including renewables and power.
Technical assurance is providing companies with a second opinion that what they are about to do will be safe. For example, if a company is transporting a $500m topside from South Korea to Africa, “you want more than for one company to say ‘trust us, it will be alright,’” says John Wishart, group managing director of Noble Denton,
Both companies have undertaken a range of acquisitions over the past few years.
Last year, GL bought Advantica Group, the former consulting arm of upstream gas company BG, among a range of other acquisitions, and Material Consulting Services, a downhole consulting business in Houston.
Over the past few years Noble Denton has acquired Martech Unlimited, a company specialising in tanker vetting services, Poseidon Maritime, a dynamic positioning consulting company, among other acquisitions.
Noble Denton has deep expertise in deepwater oil and gas, including about dynamic positioning of platforms, complex mooring systems. It has expertise in the full range of offshore equipment, including drillships, FPSOs, floating LNG, pipelines, platforms OSV, subsea systems.
It has a strong presence in Norway, where it is able to get involved in a lot of the technical development for offshore equipment.
Growth areas
The companies are keen to provide more services for the growing wind energy sector – both onshore and offshore. Germanischer Lloyd already has a large consulting business in wind power – it is currently helping Gaz de France install a wind park in Mexico.
There is particular growth in demand for technical expertise in the deepwater environment, including in West Africa, Brazil, Gulf of Mexico and Venezuela, says Mr Wishart. “There's emerging technology - there's always a greater need for assurance and integrity,” he says.
Carbon capture and storage is seen as an interesting business area.
It would also like to expand further globally – including in China, Russia and Vietnam, Kazakhstan, Brazil, West Africa, India and Australia. It also wants to build up the corporate knowledge.
Noble Denton is one of the few companies in the sector which is able to provide independent advice, says Mr Wishart. “In our case, we have no-one behind us pulling the strings.”
Germanischer Lloyd
The company will provide a broad range of technical services and consulting, to help oil and gas companies make sure that what they are doing is safe.
Both companies already have many joint clients in the oil and gas industry, including ConocoPhillips, Shell, BP, BG, Chevron, Exxon, Total, ONGC, Saipem, StatoilHydro, Transcocean.
Germanischer Lloyd clients include Hess, Talisman, Wood Group, Saudi Aramco, Repsol, Gaz de France, Petronas, and Noble Denton clients include Petrobras, Aker, APL, Heerema Energy.
GL employs over 5,500 skilled engineers. It was founded in 1867, and its 2008 revenues were Eur 544m.
Noble Denton employs around 900 employees. It was founded in 1904, and its 2008 revenues were GBP 100m (Eur 108m).
Pekka Paasivaara, member of the Executive Board Germanischer Lloyd, says that many oil majors are looking for an engineering technical consultancy with a global reach, and GL is keen to be that company. “Oil companies are searching for a technical services partner on a global scale,” he says.
This is particularly true for national oil companies, which often do not have the in-depth technical expertise in-house which international oil companies have.
The combined company has offices in all oil and gas centres, including Houston, Mumbai, Jakarta, Kuala Lumpur, Singapore, Doha, Abu Dhabi, London and Aberdeen. “Most clients are asking for local presence,” says Mr Paasivaara.
Services include technical and operational assurance (agreeing that plans are technically and operationally OK), inspection, safety and risk consulting, engineering design, software, testing, helping maintain reliability, casualty investigation, as well as project management.
The focus is on all areas of oil and gas industry and energy – including renewables and power.
Technical assurance is providing companies with a second opinion that what they are about to do will be safe. For example, if a company is transporting a $500m topside from South Korea to Africa, “you want more than for one company to say ‘trust us, it will be alright,’” says John Wishart, group managing director of Noble Denton,
Both companies have undertaken a range of acquisitions over the past few years.
Last year, GL bought Advantica Group, the former consulting arm of upstream gas company BG, among a range of other acquisitions, and Material Consulting Services, a downhole consulting business in Houston.
Over the past few years Noble Denton has acquired Martech Unlimited, a company specialising in tanker vetting services, Poseidon Maritime, a dynamic positioning consulting company, among other acquisitions.
Noble Denton has deep expertise in deepwater oil and gas, including about dynamic positioning of platforms, complex mooring systems. It has expertise in the full range of offshore equipment, including drillships, FPSOs, floating LNG, pipelines, platforms OSV, subsea systems.
It has a strong presence in Norway, where it is able to get involved in a lot of the technical development for offshore equipment.
Growth areas
The companies are keen to provide more services for the growing wind energy sector – both onshore and offshore. Germanischer Lloyd already has a large consulting business in wind power – it is currently helping Gaz de France install a wind park in Mexico.
There is particular growth in demand for technical expertise in the deepwater environment, including in West Africa, Brazil, Gulf of Mexico and Venezuela, says Mr Wishart. “There's emerging technology - there's always a greater need for assurance and integrity,” he says.
Carbon capture and storage is seen as an interesting business area.
It would also like to expand further globally – including in China, Russia and Vietnam, Kazakhstan, Brazil, West Africa, India and Australia. It also wants to build up the corporate knowledge.
Noble Denton is one of the few companies in the sector which is able to provide independent advice, says Mr Wishart. “In our case, we have no-one behind us pulling the strings.”
Germanischer Lloyd
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