Oilfield services firm Expro has found a new chief financial officer in an executive who was “critical” in helping US firm Tidewater emerge from Chapter 11 bankruptcy.
The North Sea market has been told it needs a “ruthless” scrapping of older offshore vessels to avoid an oversupply.
A trade union has called on the UK Government to intervene amid fears that hundreds of seafarers’ jobs are under threat.
Offshore energy services firm Tidewater Inc. is buying Houston rival GulfMark Offshore in an all-stock deal that combines two struggling companies that emerged from bankruptcy last year.
US based offshore service vessel provider Tidewater has filed a voluntary petition under Chapter 11 bankruptcy protection in the United States Bankruptcy Court.