Shawcor Adds Lake Superior Consulting

Shawcor, a pipeline and pipe services specialist, has acquired the units of Lake Superior Consulting for an undisclosed sum plus a potential earn out payment payable in 2016.

Lake Superior is a Duluth, Minnesota based professional services firm, specializing in pipeline engineering and integrity management services to pipeline operators.

The business operates from facilities in Minnesota, Texas, Nebraska, Kansas and North Dakota, provides pipeline design, engineering, inspection and commissioning as well as integrity management services, and has estimated 2015 revenue of approximately US$45 million.

According to Shawcor, the transaction is expected to be accretive to its earnings per share within the next 12 months.

Steve Orr, president and CEO of Shawcor said: “The acquisition of Lake Superior represents an important step for Shawcor and our Integrity Management business theme as it adds two new capabilities to the company – pipeline engineering and integrity engineering. These capabilities, critical to our customers’ success, provide Shawcor the access to the domain knowledge we need to continually improve our current portfolio of services and to develop value-added solutions. Lake Superior’s highly regarded professional team of over 300 engineers, technicians and specialists bring decades of pipeline engineering and operational expertise to Shawcor.”

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6th Offshore Well Intervention Conference Gulf of Mexico

The Offshore Well Intervention Gulf of Mexico conference (OWI GOM) is returning to Houston, Texas for its sixth year on Wednesday 20 – Thursday 21 November.

Featuring Anadarko, BP, Shell, Chevron, BHGE and Oceaneering, the conference aims to help operators transition to the latest compliance updates, WI systems and business models that enhance safety, quicken well access and improve commerciality.

Across two days, more than 200 delegates, 15 exhibitors and 30 speakers will network together and create solutions to some of the most pertinent industry challenges right now, through a conference programme focused on:

  1. Clarifying compliance updates
  2. Quicker well access and safer well control
  3. ​Understanding HPHT well intervention (systems)
  4. Forecasting well intervention activity, discussing new commercial models and comparing platform options
  5. Best practice riserless well intervention
  6. ​The latest well intervention equipment

For registration, speaking or sponsorship enquiries contact Abigail Clifton on aclifton@offsnet.com; +44 (0) 203 793 8800.

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