The global energy, marine, and engineering consultancy, ABL Group, has signed a strategic collaboration agreement with IntelliS Corporation to strengthen global technical workforce capabilities. The agreement establishes a cross-border framework for cooperation in personnel resourcing and service delivery across key energy and marine markets.
ABL Group, through its resourcing arm, AGR Consultancy (AGR), will bring its proven expertise in technical staffing and workforce planning across the North Sea and Australia with IntelliS’s established footprint in Asia, and growing operations in the Middle East and Africa.
The two companies will collaborate on relevant projects to create a seamless talent bridge between East and West, unlocking clients’ access to highly skilled professionals wherever and whenever they are needed.
“This partnership is about synergy. Energy and oceans are facing mounting pressure from skilled labour shortages – particularly in upstream oil & gas, offshore wind, and emerging areas like carbon capture, transport and storage (CCS). These challenges are compounded by the complexities of cross-border operations. Our collaboration directly addresses these issues by offering an integrated, compliant and agile talent resourcing solution.”
Thomas V. Saue, General Manager of AGR Consultancy Europe
A Combined Talent Pool of +126,000 Professionals
Under the agreement, ABL Group and IntelliS will collaborate on projects across Southeast Asia, China, and the Gulf Cooperation Council (GCC) countries, with plans to expand into Africa and Latin America by 2026. For clients, this means:
Faster access to qualified workforce across time zones
Streamlined mobilisation with full compliance on visas, taxation, and local regulations
24/7 support and localised service delivery
Seamless documentation and invoicing for referred engagements
Access to a global talent pool of over 126,000 professionals across engineering, HSEQ, commissioning, maintenance, and project management in oil & gas, power, and renewables
Delivering More Than Talent
At the heart of this collaboration is a shared belief: the right people drive project success. Through AGR, ABL Group brings more than access to talent — it brings the ability to identify, assess, and deliver professionals who are not only technically qualified but also aligned with the culture, pace, and demands of each project.
“I am delighted to have the opportunity to collaborate with ABL Group. Together, we can strategically strengthen technical workforce capabilities to markets where it is needed most.”
Sabrina Cheng, CEO of IntelliS Corporation
This is a non-exclusive agreement, allowing both companies to maintain flexibility while jointly delivering scalable, high-impact workforce capabilities to clients worldwide.
Discover Technical Talent Resourcing with ABL Group
Explore AGR’s international staffing solutions for oil & gas, maritime, and renewable energy sectors, and get in touch to unlock top-tier talent across Asia Pacific and the Middle East:
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
The Tangguh UCC Project comprises Ubadari field development, enhanced gas recovery through carbon capture, utilization and storage (EGR/CCUS) and onshore compression, operated by bp in Papua Barat Province, Indonesia.
Tangguh’s EGR/CCUS, part of the UCC Project, aims to be the first CCUS project developed at scale in Indonesia, with potential for sequestering around 15 million tonnes of CO2 from Tangguh’s emissions in its initial phase.
P.T. JGC Indonesia has been contracted by bp as the Onshore Engineering, Procurement, Construction and Installation (EPCI) Contract for the Tangguh UCC Project in Indonesia and will be responsible for installation of the onshore compression facilities at the Tangguh LNG Plant.
New units at the onshore LNG facility mainly consist of Hydrocarbon Compressors (2,350 MMSCFD) to boost natural gas pressure from the existing gas wells, EGR Compressors (270 MMSCFD) to collect and compress acid gas from the existing acid gas removal unit, and a newly-built combined cycle power plant as well as associated utilities.
P.T. JGC Indonesia has contracted ABL to support their scope through the provision of Marine Warranty Survey Services. ABL’s operations in Indonesia have been awarded the contract and will manage the project’s scope of work, which includes the technical review of project documentation, drawings and calculations relating to the transportation of the warranted cargoes, and suitability surveys of the proposed transportation fleet for these cargos.
ABL will also provide on-site attendances to witness and approve the RoRo (roll-on, roll-off) and LoLo (lift on, lift off), loadout, transportation and discharge of modules from Indonesian fabrications facilities along with associated long-lead/ high value, cargo shipments from various Asian and European ports to the Tangguh site in Papua Barat Province, Indonesia.
It will resource the in-country site attendances locally out of its Jakarta and Batam offices. Further, it will draw upon the support of ABL’s wider global footprint to provide site attendance and vessel surveys in the required international project locations.
“This project combines both ABL’s market-leading reputation in marine warranty survey and the wider ABL Group’s proven expertise in key energy transition technologies, including in CCUS and geothermal. We are delighted to be appointed to support JGC – and bp – in this important initiative to help Indonesia meet its growing energy demand. It is a testament to both our historic legacy in Indonesian marine and energy sectors, with a long-term track-record in-country, as well as to our recognised status worldwide to support clients in complex large-scale projects of this type.”
Reuben Segal, CEO of ABL Group ASA
*ABL Group defines a sizeable contract as between USD 1 and 3 million in expected value.
Find out more about ABL’s expertise in Marine Warranty Survey (MWS) or contact our Indonesian operations to discuss your local project and our support:
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
ABL Group ASA (the Company) has been notified of the following purchase of shares by primary insider and board member, Yvonne Litsheim Sandvold: 9,816 shares at NOK 9.44 per share.
Following the share purchase, Yvonne Litsheim Sandvold holds 15,816 shares in the Company.
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
The shares in ABL Group ASA will be traded ex-dividend NOK 0.45 as of today, 30 May 2025.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.
28 May 2025
For further information, please contact:
Investors and financial media
Stuart Jackson, CFO, ABL Group ASA Telephone: +971 4 3793612
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
The Annual General Meeting in ABL Group ASA held today approved the Board’s proposal of distributing a dividend of NOK 0.45 per share. The shares in ABL Group ASA will be traded without the right to receive dividend as from 30 May 2025 (ex-date). The dividend will be distributed to the shareholders on or about 16 June 2025. The distribution will be classified as a repayment of paid-in capital.
This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.
28 May 2025
For further information, please contact:
Investors and financial media
Stuart Jackson, CFO, ABL Group ASA Telephone: +971 4 3793612
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
The Annual General Meeting of ABL Group ASA was held today. All resolutions proposed in the notice to the Annual General Meeting were approved by the shareholders. Please find attached the minutes from the Annual General Meeting.
This information is subject to disclosure requirements pursuant to sections 5-12 of the Norwegian Securities Trading Act and requirements under the EU Market Abuse Regulation.
8 May 2025
For further information, please contact:
Investors and financial media
Stuart Jackson, CFO, ABL Group ASA Telephone: +971 4 3793612
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
Reference is made to ABL Group ASA’s (the Company) stock exchange notice dated 8 March 2024.
Based on 2024 results and after evaluation of the performance criteria, the Company has awarded 134,383 shares to employees as part of its Short Term Incentive Program (STIP) and 440,386 shares to employees as part of its Long Term Incentive Program (LTIP).
Settlement of shares under the STIP will be done through use of treasury shares. Following completion of the settlement under STIP, ABL Group owns a total of 113,830 of its own shares, corresponding to 0,087 % of ABL Group’s share capital.
With respect to the LTIP 2024, the employees will surrender their 2024 Performance Share Units (PSUs) and in return LTIP shares will be delivered to the relevant employees in 2026 (50% of award) and 2027 (50% of award), provided the employee remains employed with ABL Group through the settlement dates as well as no breach of employment conditions and/or ABL Group Code of Conduct.
In addition, as part of LTIP 2025, the Company will issue new awards of PSUs to key employees of the Company, being part of the executive and senior leadership teams (each a PSU Holder). The PSUs give the PSU Holder the right to receive shares in the Company depending on the achievement of certain performance criteria and subject to continued employment on the relevant settlement dates. The conversion of PSUs to shares will be determined by performance against two target metrics: (i) group adjusted EBIT and (ii) return on capital employed. Each of the performance metrics is measured for the period 1 January 2025 through 31 December 2025. The Company will notify each PSU Holder of the total achieved performance and the number of shares earned by the PSU Holder after announcement of the Q4 results for 2025. The shares will be delivered to the PSU Holder in 2027 (50%) and 2028 (50%), provided the PSU Holder remains employed with ABL Group through the settlement dates, as well as no breach of employment conditions and/or ABL Group Code of Conduct. Settlement of PSUs will be done through use of treasury shares or by issuance of new shares, as decided by the Board of Directors. A total of 1,100,000 shares are to be designated for settlement of the 2025 PSUs, which takes into account the maximum achievement under the scheme.
The Company will also continue the annual STIP for all employees in the group. All employees are awarded a bonus opportunity subject to the achievement of certain performance conditions. The performance under the STIP for the financial year 2025 will be considered by the Board after announcement of the Q4 results for 2025. Payments will be made in cash and/or shares as decided by the Board of Directors.
Details of the primary insider’s transactions pursuant to the Market Abuse Regulation article 19 are attached.
This information is subject to disclosure requirements set out in the Market Abuse Regulation EU 596/2014 Article 19 and the Norwegian Securities Trading Act Section 5-12.
Revenues of USD 81.7 million (Q1 24: USD 68.9 million)
Operating profit of USD 1.8 million (Q1 24: USD 3.4 million)
Adjusted EBIT of USD 3.1 million (Q1 24: USD 3.7 million)
Net cash of USD 3.5 million (Q4 24: USD 4.8 million)
Proposed semi-annual dividend of NOK 0.45 per share in H1 2025 upheld
Acquisition of Techconsult announced, to be consolidated from Q2
Reuben Segal, CEO of ABL Group ASA (“ABL Group” or the “Company”), commented: “Headwinds in the renewable energy market have been joined by geopolitical uncertainty, which combine to delay decision-making in more traditional sectors. However, despite more challenging markets, our actions in late 2024 have allowed us to maintain profitability levels.
Revenue growth compared to the same period last year was exclusively driven by the acquisitions of Ross Offshore and Proper Marine, partially offset by lower ABL revenues. The consolidation of Ross Offshore, a structurally lower margin business, makes more recent comparisons more relevant and we have seen a small increase in margins since Q4 2024.
Client decision making is inevitably impacted by a more uncertain backdrop, exacerbated in the past quarter, and so our outlook remains mixed. In the oil and gas market, we now anticipate a largely flat market in 2025, with some regional demand shifts. Our maritime market remains relatively stable, and strong tendering performance in the global renewables markets provides some indication of revived confidence in a market that has struggled for two years now. ABL Group remains well placed in all markets with a strong delivery platform and leading reputation with clients.”
A presentation of the quarterly results will be held today at 08:30 CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be webcast live and available for replay shortly after. To watch the webcast, please visit our Reports and Presentations page.
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
ABL Group ASA (“ABL Group”) will release its first-quarter results on Wednesday, 7 May 2025, at approximately 06:00 Central European Time (CET).
A presentation of the quarterly results will be held the same day at 08:30 CET at SpareBank 1 Markets’ office at Olav Vs gate 5, 0161 Oslo. The event will be webcast live and available for replay shortly after.
If you would like to attend the event in person, please notify SpareBank 1 Markets at corporateaccess@sb1markets.no.
The earnings release concerning the quarterly results and a corresponding slide presentation will be posted on www.newsweb.no and on ABL Group’s website, www.abl-group.com.
30 April 2025
For further information, please contact:
Investors and financial media
Stuart Jackson, CFO, ABL Group ASA Telephone: +971 4 3793612
ABL Group (OSE: ABL Group ASA – ticker code “ABL”) is a leading independent global consultancy delivering energy, marine, engineering and digital solutions to drive safety and sustainability in renewables, maritime and oil & gas sectors. The group has offices in 39 countries worldwide and operates under four brands: ABL, OWC, Longitude and AGR.
The Annual General Meeting of ABL Group ASA (the “Company”) will be held on 28 May 2025 at 13:00 CET at the Company’s offices, Karenslyst Alle 4, 0278 OSLO.
Shareholders are recommended to exercise their shareholder rights through advance votes by electronic communication via VPS Investor Services or to vote by proxy prior to the meeting. The notice, including attendance, proxy and advance voting forms, will be mailed to all shareholders with a known address. The complete notice, including the recommendation from the Nomination Committee, is attached to this notification and will also be available at the Company’s corporate website www.abl-group.com.
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