KONGSBERG has been contracted to deliver hybrid power solution for the Tidewater Marine offshore supply vessel (OSV), Bailey Tide.As a single supplier under the terms of the contract, KONGSBERG said it will deliver and install a K-Pos DP (Dynamic Positioning)…
Offshore vessels owner Tidewater announced on Wednesday that its board has appointed Quintin V. Kneen as President, Chief Executive Officer, and director, replacing retiring President, Chief Executive Officer and director John T. Rynd, effective immediately…
It's true that the offshore vessel market is still suffering, but that's not to say there aren't glimmers of positivity.Asset values remain at historic lows throughout much of the offshore sector, but the anchor handler market has been hit hardest…
In both 2018 and the start of 2019, Harvey Gulf made no secret that they were exploring possible merger and acquisition opportunities. Their first major play was a merger proposal with fellow US owner GulfMark, who at the time was in discussions to merge with US OSV behemoth Tidewater…
After a tough handful of years with an oversupplied offshore supply vessel (OSV) market, OSV companies may be finding the tide is finally turning.At the peak of the last upturn, OSV companies were ordering newbuilds to meet projected demand…
Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its…
VesselsValue's Head of Offshore Charlie Hockless weighs in on the merger between Tidewater and GulfMark.'The consolidation between GulfMark and Tidewater is a positive for the market. With Tidewater’s steadfast and unyielding attitude towards the scrapping of non-performing vessels…
Will a rising tide in the offshore oil markets float all the boats? In the U.S. Gulf of Mexico, that remains to be seen.Offshore services, exploration and production are on a roll. In early October, yet another business combination of big drillers was announced…
Parties say transaction could close on or about November 15, 2018.Offshore services providers Tidewater and GulfMark Offshore announced today the filing of the joint definitive proxy statement and prospectus with the U.S. Securities and Exchange…
As momentum continues to slowly ramp up in the offshore sector, Horizon Maritime said it has grown its fleet with the addition of another multifunctional offshore support vessels (OSV) from Houston-based Tidewater Marine.The new vessel, Tidewater Enabler…
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…
UK-based remote operated vehicle operator ROVOP has increased its ROV fleet by 50% following aUS$74.93 (£56 million) funding boost. Blue Water Energy and BGF have jointly committed to the funding, which allowed ROVOP to buy an additional 24 ROVs…
As oil continues to sell below US$50/bbl, 2017 could be one of the toughest years in decades for offshore supply vessel (OSV) companies, according to a study of 44 companies in the industry by AlixPartners. The firm’s analysis highlights these companies’ rising debt burdens…
Sirius Petroleum has confirmed that the company is in talks with supermajor BP regarding an offtake and pre-payment facility to support Sirius in its financing for the proposed drilling program on the Ororo field, offshore Nigeria. The COSL Power…
Sirius Petroleum signed an agreement with Tidewater Marine International for the provision of offshore service vessels (OSV) for a multi-well campaign in Nigeria. The deal is between Sirius and Tidewater Marine’s support company T1 Marine Services…
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