Tidewater and GulfMark Announce Merger
Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support vessels and continuing consolidation in the offshore sector.The combined company will be operated under the Tidewater brand and will be led by Tidewater president and CEO John Rynd, with the industry’s largest fleet and the broadest global operating footprint in the OSV sector, with an ability to support customers across geo-markets and water depths.
New Subsea Company UIS Launched at OTC
and Chief Operating Officer Guido Bressani, and in Aberdeen, Chief Commercial Officer Neill Kelly, and Chief Technology Officer, Geoff Fisher. Rolf Magne Larsen, who recently retired from Statoil, is Chairman of the board of UIS, which also includes Quinn Fanning, Chief Financial Officer of Tidewater Inc, Lasse Andresen of ForgeRock and Tor Espedal, Senior Partner of HitecVision. HitecVision is a private equity investor in the international oil and gas industry with offices in Stavanger, Oslo and Houston. The investment focus is on middle market investments in oilfield services and technology
Tidewater Takes Over STX Pan Ocean PSV Newbuild Contracts
STX OSV Holdings Limited say Tidewater Inc. has acquired contracts for 3 Platform Supply Vessels (PSVs) under construction at STX OSV in Norway. STX OSV had originally secured the contracts for the design and construction of three vessels for STX Pan Ocean Co. Ltd. in 2010, and Tidewater has now entered into an assignment agreement with STX Pan Ocean to take over these contracts. The first vessel in the series will be delivered to Tidewater during 1Q 2013. Deliveries of the next two vessels are scheduled for Q2 and Q3 2013. Mr. Roy Reite, Chief Executive Officer and Executive Director of STX