Hitec has in recent years evolved from being a listed group of oil service technology companies, to having a focus on investing in the energy sector, still specializing in the development and industrialization of oil & gas related technology.

TORP with its affiliates has been involved in offshore engineering and construction since 1985. The combined experience include the design, construction and delivery of approximately 50 loading systems for crude oil and gas, four offshore gas processing facilities, a complete drilling vessel and several drilling modules.

The experience in offshore loading started in the 1980’s in Marine Consulting Group AS (MCG), a company specializing in loading systems for the harsh environments in the North Sea. Hitec acquired MCG in 1995, and under Hitec’s ownership, the company expanded its business to cover a large variety of designs for offshore loading systems in the international market. The company had subsidiaries in Brazil and Japan, and was the market leader for these types of systems with a market share of 85 % in Brazil.