Tidewater (marine services): Difference between revisions
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Dean E. Taylor is the company's chairman and CEO. The company was founded in 1955 by a group of investors led by the Laborde family.<ref>http://www.tdw.com/ (accessed Dec. 22, 2009)</ref> |
Dean E. Taylor is the company's chairman and CEO. The company was founded in 1955 by a group of investors led by the Laborde family.<ref>http://www.tdw.com/ (accessed Dec. 22, 2009)</ref> |
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==Getting to tidewater |
==Getting to tidewater== |
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This article refers to an international company. The term "getting to tidewater" refers to transportation of petroleum products from land-blocked sites via pipeline, train or trucks to ocean ports offering adequate marine services in order to attain access to China, India and other markets thereby receiving competitive international prices for those products. |
This article refers to an international company. The term "getting to tidewater" refers to transportation of petroleum products from land-blocked sites via pipeline, train or trucks to ocean ports offering adequate marine services in order to attain access to China, India and other markets thereby receiving competitive international prices for those products. |
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Revision as of 18:06, 23 May 2013
| Company type | Public |
|---|---|
| NYSE: TDW | |
| Industry | Petroleum |
| Founded | 1955 |
| Founder | Laborde Family |
| Headquarters | New Orleans, Louisiana, USA |
Area served | Worldwide |
Key people | Dean E. Taylor (Chairman & CEO) |
| Revenue |  US$ 1.39 billion (2008) |
−63,800,000 ±100000 United States dollar (2020)  | |
| $ 406.9 million (2008) | |
| Total assets | $ 3.07 billion (2008) |
| Total equity | $ 2.24 billion (2008) |
Number of employees | 8,500 - Dec 2008 |
| Website | tdw.com |
Tidewater, Inc. is a publicly traded international petroleum service company headquartered in New Orleans, Louisiana, U.S.. It operates a fleet of boats providing vessels and marine services to the offshore petroleum industry.
Tidewater owns 350 vessels, the world’s largest fleet of vessels serving the global offshore energy industry.
Tidewater created the “work boat” industry with its 1956 launch of the Ebb Tide, the world’s first offshore vessel tailor-made to support the offshore oil and gas industry. Today, with a fleet of more than 350 vessels, Tidewater is the oldest, largest and most experienced provider of the marine support services for this vital 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 perform a variety of specialized marine support services.
Dean E. Taylor is the company's chairman and CEO. The company was founded in 1955 by a group of investors led by the Laborde family.[1]
Getting to tidewater
This article refers to an international company. The term "getting to tidewater" refers to transportation of petroleum products from land-blocked sites via pipeline, train or trucks to ocean ports offering adequate marine services in order to attain access to China, India and other markets thereby receiving competitive international prices for those products.
Land-blocked Canadian oil sands petroleum products suffer huge losses on price differentials
Until Canadian crude oil, Western Canadian Select , accesses international prices like LLS or Maya crude oil by "getting to tidewater" (south to the US Gulf ports via Keystone XL for example, west to the BC Pacific coast via the proposed Northern Gateway line to ports at Kitimat, BC or north via the northern hamlet of Tuktoyaktuk, near the Beaufort Sea. [2], the Alberta government (and to some extent, the Canadian government) is losing from $4 - 30 billion in tax and royalty revenues as the primary product of the oil sands, Western Canadian Select (WCS), the bitumen crude oil basket, is discounted so heavily against West Texas Intermediate (WTI) while Maya crude oil, a similar product close to tidewater, is reaching peak prices.[3]Calgary-based Canada West Foundation warned in April 2013, that Alberta is "running up against a [pipeline capacity] wall around 2016, when we will have barrels of oil we can’t move."[2]
Frustrated by delays in getting approval for Keystone XL (via the US Gulf of Mexico), the Northern Gateway Project (via Kitimat, BC) and the expansion of the existing TransMountain line to Vancouver, British Columbia, Alberta has intensified exploration of two northern projects "to help the province get its oil to tidewater, making it available for export to overseas markets." [2] Canadian Prime Minister Stephen Harper, spent $9 million by May, 2012 and $16.5 million by May, 2013 to promote Keystone XL.[4]
In the United States, Democrats are concerned that Keystone XL would simply facilitate getting Alberta oil sands products to tidewater for export to China and other countries via the American Gulf Coast of Mexico.[4]
Notes
- ^ http://www.tdw.com/ (accessed Dec. 22, 2009)
- ^ a b c Hussain, Yadullah (25 April 2013). "Alberta exploring at least two oil pipeline projects to North". Financial Post.
- ^ Vanderklippe, Nathan (22 January 2013). "Oil differential darkens Alberta's budget". Calgary, Alberta: Globe and Mail.
- ^ a b
Goodman, Lee-Anne (22 May 22 2013). "Republicans aim to take Keystone XL decision out of Obama's hands". The Canadian Press.
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External links
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