Douglas-Westwood Provides Commercial Assistance

Press Release
Friday, December 21, 2012

Douglas-Westwood has enjoyed an active autumn providing market and commercial insight to both trade and private equity firms in the process of buying and selling oilfield services, engineering and equipment companies.  

 

“With focused and timely provision of our core service offering in market sizing, client consultations, competitive analysis and business plan reviews, our clients have completed a number of transactions in the last quarter.  With one of the largest focused teams of commercial and strategy consultants, all our core  global offices have been busy on some flagship deals in the sector that have completed, while they have also been working on a high number that our clients decided to withdraw from” commented Andrew Reid, group CEO.

 
“We are seeing that increased interest in the energy sector from private equity coupled with global growth and consolidation within the energy sector itself is bringing a broader international element to our work, often working with clients and targets that span the globe. Our business has grown and internationalised to the extent that we now have both industry-leading insight and the ability to effectively deliver it to our clients with 24hr time zone coverage from our offices in the Americas, Europe and Asia.”

 
The DW London and Canterbury offices supported Graphite in the sale of NES to AEA, providing commercial diligence to the vendor. Director Steve Robertson noted that: “Our team worked closely with NES and the lead advisor in the sales process, meeting with potential buyers and discussing the findings of our work and the underlying models and methodology. The ability to build a ‘bottom-up’ model of future activity, driven by identified future prospects was a key deliverable in the workscope and helped underpin the continued strong growth outlook for the business.”

 
DW staff in the UK and Singapore have also provided market due diligence services to Castle Harlan, Champ Ventures and Lime Rock Partners in the $1.05 billion acquisition of 38 jackup drilling rigs from Transocean to form Shelf Drilling International. The workscope included review of drilling demand-side and supply-side activity in several key geographies in addition to a consideration of the specification of the fleet and suitability in each of the target markets. In addition to the industry leading insight and research, DW’s international presence spanning some 14 time zones enabled effective communication with the client teams in both New York and Sydney.

 
In the US, the sale of Houston-based Texas Honing Inc was announced in October, with DW supporting the seller with a comprehensive market review. Director Mike Haney commented “we are seeing a buoyant market here in our Houston office and look forward to continuing to support our private equity and oilfield  industry clients.”


In Asia, DW Singapore office has assisted many clients within both the Singapore community and the wider Asian region. Recent announced deals include the Champ Ventures acquisition of Sea Swift and Dunedin acquisition of Premier Hytemp.

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Evergreen Upgrades its Intra-Asia Service Network

Evergreen Line announced it will partner with Mariana Express in launching a joint South China- East Malaysia (SEM) Service. The new initiative will give a boost

Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.

Fogal Retires from Zentech After 57 Years in O&G

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.

Contracts

VOSTA LMG Secures Order From Boskalis

VOSTA LMG has been awarded an order for efficient dredge ball joints from maritime services company Royal Boskalis Westminster. The order consists of a series

Chevron Announces Alliance with Petrol Ofisi

Chevron has signed agreements with the fuel products distribution and lubricants company of Turkey, Petrol Ofisi in Istanbul, that will result in improved supplies

Statoil, DNV GL Drive Subsea Factory Interface Standardization

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology.

Finance

Statoil, DNV GL Drive Subsea Factory Interface Standardization

Statoil has entered into an agreement with DNV GL to establish an industrial cooperation to introduce an international industry standard for subsea process technology.

Halliburton to Settle US Gulf Spill Claims for $1.1b

Halliburton Co said it reached a $1.1 billion settlement for a majority of claims against the company for its role in the BP oil spill in the Gulf of Mexico in 2010.

Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with

Energy

Bureau Veritas Diversifies with MatthewsDaniel Acquisition

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry.

Fogal Retires from Zentech After 57 Years in O&G

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.

Rowan Viking Rig Upgrade Completed

Damen Shiprepair Vlissingen, part of Damen Shiprepair & Conversion, has completed the upgrade of a Keppel Fels ‘N’ Class drilling rig, one of the largest in the North Sea,

Logistics

Evergreen Upgrades its Intra-Asia Service Network

Evergreen Line announced it will partner with Mariana Express in launching a joint South China- East Malaysia (SEM) Service. The new initiative will give a boost

Logistical Scenario Analysis for Hydrodynamic Applications

To calculate the operability of the whole logistics chain, rather than only individual operations, MARIN has developed the hydrodynamic scenario analysis program ScenSim.

Algeria in Talks to Export Crude to Venezuela

Algeria is in talks to export crude oil to fellow OPEC member Venezuela, Algerian Energy Minister Youcef Yousfi said on Tuesday, confirming a Reuters report. Last week,

Consulting

Fogal Retires from Zentech After 57 Years in O&G

Robert “Bob” “Sonny” Fogal, Jr., one of the icons in the offshore oil and gas industry, has decided to retire from front-line work as Zentech’s Director of Business Development.

Nanotechnology & Big Data: New Review

A report commissioned by the Lloyd’s Register Foundation, reviewing the potential implications of nanotechnology on the safety and performance of engineering assets

TNO Receives 'International Media Award for Prevention'

The Engagementgame developed by TNO in collaboration with partners is the winner of the 'International Media Award for Prevention' in the category Multi Media.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Navigation Offshore Oil Port Authority Salvage Ship Simulators Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1749 sec (6 req/sec)