Merger joins two key Alberta oil and gas players
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 local engineering 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 in Alberta, Western Canada, and beyond," said Hatch's Chairman and CEO John Bianchini. "We look forward to bringing positive change to Alberta's 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."
"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," said Robert Francki, Global Managing Director, Energy, Hatch.
Hatch and Upside Engineering are both privately-held, Canadian-founded firms, having respectively served Western Canada's oil and gas sector from Calgary for over 30 years. Both organizations have stayed the course in the region, demonstrating a true commitment to the resiliency and sustainability of the oil and gas industry in Alberta. In addition, this new partnership brings together two of Canada's Best Managed Companies.
"Being equipped with a fully integrated project delivery capability and capacity will allow our joint organization to create stronger alliances in Alberta," said Chris Read, President, Upside Engineering. "Drawing on Hatch's global and diverse network, we are excited to focus on our service offering to our clients, while continuing to grow our market share."
"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," commented Sanjiv Save, Managing Director, Oil & Gas, Hatch.