Matthewsdaniel News

Specialist marine risk assessment company MatthewsDaniel has launched an enhanced Approved Vessel Archive (AVA) service for offshore support vessels and their operators. The AVA provides vessel owners with an accessible certificate that can be presented to prospective customers, serving as evidence that their vessel is held to a standard acceptable by a leading marine warranty survey company. Kevin Jarman, CEO, MatthewsDaniel, said, “For operators, the MatthewsDaniel Approved Vessel Archive provides a system for preemptively managing their fleet’s suitability status for a wide range of offshore activities and also helps provide a competitive edge when tendering for contracts.

William Cho, Head of MatthewsDaniel Weather, a division of the Bureau Veritas Group, explains why improvements in drilling technologies and weather monitoring systems have made offshore shelf drilling operations in the Arctic Circle increasingly attractive to upstream oil and gas companies and their investors. Rising crude oil prices motivate not only technological innovators to explore cheaper alternative energy sources, such as solar panels and wind turbines, but also upstream oil and gas companies to explore new oil reserves which had not otherwise been economical.

Bureau Veritas announced today that it has acquired MatthewsDaniel Ltd, a global provider of loss adjusting and risk assessment services for the offshore industry. Created in Houston, Texas, in 1962, MatthewsDaniel is headquartered in London and has operations in Europe, the Middle East, Asia and the Americas. The company employs more than 150 people and reported revenues of approximately EUR 34M in 2013. MatthewsDaniel primarily provides services for the insurance market. Their loss adjusting activities include incident investigations, root cause analysis, damage and reinstatement assessment and cost estimation. Their risk assessment portfolio focuses especially on Marine Warranty Surveying activities for both offshore projects and rigs.