Offshore staff
LONDON – AqualisBraemar has entered an agreement to acquire marine and engineering consultancy LOC Group.
The latter operates under four brand names. Among these, LOC provides loss prevention and loss management services to the oil and gas sector (in addition to marine/engineering services).
Longitude offers engineering and design consulting to the oil and gas sector, and JLA rig-related approval services.
AqualisBraemar offers rig moving marine warranty services.
“Our customers’ needs are rapidly evolving, with many branching out into new energy sources, and we believe our joint increased scale and wider global footprint will help us cater for those requirements,” said Dr R. V. Ahilan, CEO of LOC Group.
“Our objective is that 50% of our revenues should come from the renewables sector and other sustainability and CO2-reducing activities in 2025.
“However, reducing the carbon intensity of the offshore oil and gas and shipping industries are also key to achieving the energy transition the world so desperately needs.”
The combined group will be an independent offshore energy and marine consultancy firm with 880 employees in 85 offices located across 39 countries.
11/23/2020
