Stress Engineering Services Inc. (SES), the global leader in consulting engineering services and solutions, said Jan. 13 it has acquired Laserstream LP, a technical service company specializing in laser mapping of tubular assets.
The acquisition will provide high-resolution pipe ID scanning hardware and imaging software while enhancing SES’s competencies within upstream, midstream, downstream, aerospace, consumer, and medical services.
The acquisition adds to the strength of SES’s present technology portfolio of service offering for non-destructive testing, asset condition-based maintenance and monitoring, predictive data analytics and IoT ecosystem to manage and assess baseline and degradation in tubulars. The enhanced level of services will vastly benefit those with a stake in identifying and managing risks and the deterioration of their tubular assets.
SES will gain Laserstream’s state-of-the-art equipment, to combine with its laboratories and service offerings in Houston; Waller, Texas; New Orleans; Cincinnati; Singapore; and Calgary, Alberta.
“We believe that growing our existing capabilities is critical to our success in the broad spectrum of markets in which we participate. The acquisition of Laserstream will add new, innovative capabilities in our core markets. This will diversify our product portfolio and capabilities in new and important areas. We are very excited to add Laserstream to an already outstanding business and team,” Kenneth Bhalla, CTO at SES, said.
Bhalla will lead the company’s combined efforts and Waligura will join SES to integrate the technology across SES’s vertical market, creating business applications for the new technology.
2023-09-26 - EOT and AWS’ agreement calls for deploying the next generation of predictive maintenance by combining generative AI with edge computing.
2023-09-15 - In this Hart Energy LIVE Exclusive, Jaxon Caines is with Microseismic and Terra15 to learn about their partnership to bring fiber optic interrogator technology to the North American market and how acoustic sensing can help the oil and gas industry.
2023-11-07 - Amazon Web Services, Shell and SLB are collaborating to streamline workflows and transform workloads.
2023-11-20 - Here’s a roundup of the latest E&P headlines, including expanded work offshore Gabon and new contract awards.
2023-11-07 - How can autonomous operations help make drilling safer and more efficient? Find out in this Hart Energy LIVE Exclusive.