Atco U S A

Energy Capital Group Announces Strategic Investment In US Exploration Services ...

Established in 2006, NEOS has assembled a world-class team of engineers and geoscientists and has already invested approximately $100 million to develop a proprietary technology, NeoSphere™, capable of helping natural resources companies better understand and plan where to explore, lease and drill. NEOS expects that its technologies can help to revolutionize natural resource exploration. Through the ability to record more measurements with greater precision from the earth's surface and subsurface and through the provision of 3D images that are more accurate than conventional subsurface imaging techniques, NEOS can help companies significantly reduce the time and cost incurred in the exploration process and speed up the development of new sources of energy and other natural materials.

With this investment, Mr. Ali Abdulaziz AlTurki, Founding Partner and CEO of ECG, has joined the Board of NEOS, where he and ECG will work closely with the company and its management to meet and maximise NEOS' vast potential. This includes supporting efforts to further develop the company's technologies and services, delivery capacity to clients worldwide and general corporate growth initiatives, including expansion and the development of opportunities in the MENA region where ECG's network, track record and the strength and experience of its shareholders can add considerable value. ECG's shareholders, comprised of Rawabi Holding Company, ATCO, Al Muhaidib Group and Al-Ansari Holding Company, are among the Middle East's largest energy services and industrial investment groups.

Commenting on the announcement, Mr. AlTurki said: "We are delighted to announce our investment in NEOS alongside Bill Gates and the company's existing roster of high quality investors who, like us, believe that NEOS' technology can transform natural resource exploration as we know it. ECG is committed to investing in services companies and technologies that support the further development of the energy sector and we are confident that the services NEOS provides will become the standard for world-class companies seeking to identify hydrocarbons and minerals in the subsurface of the earth in an effective and efficient way in order to maximise output and returns.  We are working closely with NEOS in the further development and commercialization of its services around the world and will utilise our resources, network and unmatched experience of the regional energy services sector to support the company's further growth and progress.

Atco Structures to supply Construction Village for B.C. Project ...

“This is a significant project for the Kitimat community and we are extremely pleased that ATCO has been chosen to provide accommodation facilities for this world-class project,” said Harry Wilmot, President & Chief Operating Officer, ATCO Structures & Logistics. “As part of our commitment to working with the local community, ATCO has signed a memorandum of understanding with the Haisla Nation that will result in direct benefits for the Haisla community.

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