Tidewater (marine services)
| 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. For example, until Canadian crude oil from the oil sands 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 Gateway project or north to the Arctic Ocean), the Alberta government (and to some extent, the Canadian government) is losing from $4 - 30 billion in tax and royalty revenues. 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.[2]
Notes
- ^ http://www.tdw.com/ (accessed Dec. 22, 2009)
- ^ {{cite news |title=Oil differential darkens Alberta’s budget |first=Nathan |last=Vanderklippe |location=Calgary, Alberta |publisher=Globe and Mail |url=http://m.theglobeandmail.com/report-on-business/industry-news/energy-and-resources/oil-differential-darkens-albertas-budget/article7647602/?service=mobile |date=22 January 2013 }]
External links
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