News

Hugh Fraser was a pleased to meet up with Richard Sadler, Group Head of Procurement and Supply Chain for Score Group which has just recently celebrated its 40-year anniversary and is now part of the investment portfolio of private equity group, SCF Partners.

Hugh first met Richard when he was responsible for the development of Score Group across the Middle East and he led the establishment of joint ventures in Iraq with Al Majal and in Saudi with AWJ ENERGY, no mean achievement.

Score Group is a global market leader in the provision of advanced engineering and technology solutions for flow control and gas turbine applications. The group's expertise enables customers to manage and reduce emissions from valve operations and related infrastructure.

January of this year saw the announcement of an exciting new initiative by SCF Partners which saw the clustering of five portfolio companies, including Score Group, under the new energy transition–led initiative, D2Zero: key drivers are emission reduction, clean hydrogen, power efficiency and resilience management (including microgrid solutions), and CCS.

Cluster partners in D2Zero alongside Score Group are Hydrasun, Fuel Cell Systems Ltd., Powerstar and Global E&C with a combined turnover of £500 million and 4000 employees. Hugh Fraser International is a strong advocate of the strengths of cluster ventures to maximise expansion opportunities and mitigate costs and risks in international business expansion in the Middle East region and we commend this initiative by SCF Partners.

HFI is keen to play its part in supporting its clients’ energy transition ventures in the Middle East with our HFI Net Zero Legal Solutions team. The region continues to be dominated by petroleum sector ventures which are anticipated to provide the necessary sales, profits and cash flow to allow diversification into clean energy ventures. Nuclear, solar, green hydrogen and CCS are now substantial and growing parts of the energy mix of the region, with the total energy market to 2030 valued at US$660 billion.

We are delighted to be invited by EIC (Energy Industries Council) to contribute to their GCC energy markets and projects update webinar on 19 March, following on from their EIC Connect Saudi Arabia last month and EIC Connect UAE coming up in May. Other key dates for the diary for Client Relations Manager, Sally Reeves, are Middle East Energy 2024 in Dubai, World Future Energy Summit 2024 in Abu Dhabi and Oman Petroleum & Energy Show 2024 in Muscat, all coming up in the second half of April. We would be delighted to catch up with clients and connections who are attending any of these events.