Tidewater (marine services)

Last updated
Tidewater Inc.
Company type Public
NYSE:  TDW
Russell 3000 Component
IndustryMarine Transportation
Founded1956
FounderLaborde Family
Headquarters Houston, Texas, USA
Area served
Worldwide
Key people
Quintin V. Kneen
(President, CEO & Director)

RevenueDecrease2.svg US$ 648 million (2022)
−63,800,000 ±100000 United States dollar (2020)  OOjs UI icon edit-ltr-progressive.svg
Decrease2.svg $ -22 million (2022)
Total assets Decrease2.svg $ 1.3 billion (2022)
Total equity Decrease2.svg $ 866 million (2022)
Number of employees
6,300 - 2022
Website tdw.com
Garza Tide, one of the company vessels Garza Tide107.JPG
Garza Tide, one of the company vessels

Tidewater, Inc. is a publicly traded international petroleum service company headquartered in Houston, Texas, U.S. It operates a fleet of ships, primarily providing vessels and marine services to the offshore petroleum and offshore wind industries.

Tidewater created the "work boat" industry with its 1956 launch of the Ebb Tide, the world's first vessel tailor-made to support the offshore oil and gas industry. Today, Tidewater is the leading and most experienced provider of OSVs in the global energy industry.

Tidewater has a global footprint, with over 90% of its fleet working internationally in more than 60 countries. Around the world, Tidewater transports crews and supplies, tow and anchor mobile rigs, assists in offshore construction projects and performs a variety of specialized marine support services. [1]

Quintin V. Kneen is the company's president, CEO & Director. The company was founded in 1956 by a group of investors led by the Laborde family. [2]

Related Research Articles

Tidewater may refer to:

<span class="mw-page-title-main">Swire</span> Hong Kong-British multinational conglomerate

Swire Group is a highly diversified global corporation, with businesses encompassing property, beverages and food chain, aviation, marine, as well as trading and industrial activities. Its core businesses are mainly focused on Asia, with its key operations in Hong Kong and the Chinese Mainland. Within Asia, Swire's activities come under the group's publicly quoted arm, Swire Pacific Limited, which is the largest shareholder in two Hong Kong listed companies: Swire Properties and Cathay Pacific. The Group's parent company, John Swire & Sons Limited, holds controlling stakes in a range of businesses trading in the UK, USA, Australia, Papua New Guinea, East and West Africa, and across Southeast Asia. Taikoo (太古) is the Chinese name of Swire. It serves as the brand name for businesses such as Taikoo Sugar and Taikoo Shing.

HD Hyundai Heavy Industries Co., Ltd. is the world's largest shipbuilding company and a major heavy equipment manufacturer. Its headquarters are in Ulsan, South Korea.

Seatrium Limited is a Singaporean state-owned company. Formed in 2023, from the merger of Sembcorp Marine and Keppel Offshore & Marine, the company is listed on the Singapore Exchange (SGX).

<span class="mw-page-title-main">Drillship</span> Vessel fitted for offshore drilling

A drillship is a merchant vessel designed for use in exploratory offshore drilling of new oil and gas wells or for scientific drilling purposes. In recent years the vessels have been used in deepwater and ultra-deepwater applications, equipped with the latest and most advanced dynamic positioning systems.

China Oilfield Services (COSL) is an oilfield services company. It is a majority owned subsidiary of Chinese state owned company CNOOC Group. It also has a listed sister company in Hong Kong, CNOOC Limited.

<span class="mw-page-title-main">American Bureau of Shipping</span> American maritime classification society established in 1862

The American Bureau of Shipping (ABS) is an American maritime classification society established in 1862. Its stated mission is to promote the security of life, property, and the natural environment, primarily through the development and verification of standards for the design, construction and operational maintenance of marine and offshore assets.

Hornbeck Offshore Services, sometimes shortened to Hornbeck Offshore, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, and select international markets. The company is a provider of marine services to exploration and production, oilfield service, offshore construction and military customers. Its upstream segment owns and operates fleets of United States flagged, new generation OSVs and United States-owned fleets of DP-2 and DP-3 MPSVs.

<span class="mw-page-title-main">Technip</span> Company in project management, engineering, and construction for the energy industry

Technip S.A. was a company that carried out project management, engineering and construction for the energy industry; in 2017 it completed a merger with FMC Technologies to form TechnipFMC. Its headquarters were in the 16th arrondissement of Paris. It has about 38,000 employees and operates in 48 countries.

Essar Shipping Ltd., now Essar Shipping Ports & Logistics Limited, is an Indian shipping corporation for the global energy business. Established in 1945, Essar Shipping was formally incorporated in 2010 and is listed on the Bombay Stock Exchange. Headquartered in Mumbai, it operates as a subsidiary of the Essar Group.

<span class="mw-page-title-main">MISC Berhad</span> Malaysian shipping company

MISC Berhad was incorporated in 1968 as Malaysia International Shipping Corporation Berhad and is the leading international shipping line of Malaysia. In September 2005, Malaysia International Shipping Corporation Berhad adopted its present corporate identity and changed its name to MISC Berhad. Its main shareholder is Petroliam Nasional Berhad (Petronas), the national oil conglomerate of Malaysia. The principal business of the corporation consist of ship owning, ship operating, other shipping related activities, owning and operating of offshore floating facilities as well as marine repair, marine conversion and engineering and construction works. With a fleet of more than 120 vessels and a combined tonnage of more than 13,000,000 DWT.

Subsea technology involves fully submerged ocean equipment, operations, or applications, especially when some distance offshore, in deep ocean waters, or on the seabed. The term subsea is frequently used in connection with oceanography, marine or ocean engineering, ocean exploration, remotely operated vehicle (ROVs) autonomous underwater vehicles (AUVs), submarine communications or power cables, seafloor mineral mining, oil and gas, and offshore wind power.

<span class="mw-page-title-main">BP Shipping</span>

BP Shipping is the maritime arm of British headquartered global oil company, BP. The unit covers the marine transport, logistics and insurance requirements of all BP's global activities.

<span class="mw-page-title-main">Nakilat</span>

Qatar Gas Transport Company Limited, commonly known as Nakilat is a Qatari shipping and maritime company. Its LNG shipping fleet is one of the largest in the world, comprising 74 vessels. The company also jointly owns one Floating Storage Regasification Unit (FSRU) and 4 very large LPG carriers (VLGCs). Through its in-house ship management, Nakilat manages and operates the four very large LPG carriers and 14 LNG carriers.

<span class="mw-page-title-main">Ezra Holdings</span>

Ezra Holdings Ltd, also known under their operating brand name of EMAS, is an integrated offshore support provider for the oil and gas industry. The business was founded in 1992 and is headquartered in Singapore. Ezra was listed on the Singapore Exchange Securities Trading Limited (SESDAQ) and promoted to Mainboard on 8 December 2005.

<span class="mw-page-title-main">EMAS (company)</span>

EMAS is an offshore contractor and integrated offshore solutions provider catering to the oil and gas (O&G) industry on a global scale. It operates as a subsidiary of Ezra Holdings and has gained recognition within the industry. Established in 1992, the company is headquartered in Singapore and initially focused its operations in the maritime sector of the Asia Pacific region, primarily managing a fleet of vessels. In 2003, the company successfully listed its shares on the Singapore Exchange SGX, enhancing its market presence. EMAS also established fabrication facilities in Vietnam.

Toll Resources & Government Logistics (TRGL) is a division of the Toll Group. Predominantly, the division offers integrated logistics solutions to the oil and gas, mining, chemicals and coal industries in over 10 countries.

<span class="mw-page-title-main">Petroleum Helicopters International</span> Airline of the United States

Petroleum Helicopters International, Inc. (PHI), is an American commercial helicopter operator, founded in 1949, by Robert L. Suggs. The company is based in Lafayette, Louisiana and provides service for the oil and gas industry, aeromedical services, pilot training and aircraft maintenance.

<span class="mw-page-title-main">Sapura Energy</span> Malaysian integrated oil and gas services company

Sapura Energy Berhad is a Malaysian integrated oil and gas services company based in Seri Kembangan, Selangor. Sapura Energy trades in over 20 countries, such as China, Australia, United States of America, and those in Western Africa and the Middle East, employing approximately 13,000 people. Sapura Energy's operations cover exploration, development, production, rejuvenation, decommissioning, and abandonment. The company was formed via a merger between SapuraCrest and Kencana in May 2012 and trades on the Main Market of Bursa Malaysia Securities Berhad. The company was renamed as Sapura Energy Berhad on 24 March 2017.

Miscaroo was an icebreaking anchor handling tug supply vessel built by Vancouver Shipyards for BeauDril, the drilling subsidiary of Gulf Canada Resources, in 1983. She was part of a fleet of Canadian icebreakers used to support offshore oil exploration in the Beaufort Sea. In the 1990s, the vessel was acquired by Canadian Marine Drilling (Canmar) and renamed Canmar Miscaroo. In 1998, she was purchased by Smit International and served in the Sakhalin oil fields as Smit Sakhalin until 2017 when the 34-year-old icebreaker was sold for scrapping in China.

References

  1. "Bloomberg Profile". Bloomberg News .
  2. "Tidewater Website".