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Rigdon News

01 Nov 2023

Brazilian Offshore Uptick Could Tighten US OSV Fleet

(File photo: Jackson Offshore Operators)

Increased activity in the Brazilian offshore oil and gas sector could help strengthen the market recovery for offshore supply vessels (OSV) in the U.S. Gulf of Mexico.In early October, Brazilian state-owned oil company Petrobras issued requests for quotations (RFQ) for up to 20 OSVs ranging from 3,000 to over 4,500 deadweight tons to support upcoming drilling and production activities. The value of all of these potential long-term charters could approach $1 billion.While Petrobras typically prefers to use Brazilian-flagged vessels…

29 Jun 2023

Tidewater Appoints Dick H. Fagerstal Chairman of the Board

Source: Tidewater

Tidewater has appointed Dick H. Fagerstal non-executive Chairman of the Board.In addition, the Board has reduced the size of the Board from nine to eight members.Fagerstal stated, “I am honored to assume the role of Chairman of the Board of Tidewater at such an exciting time for our industry. I believe the company is well positioned to capitalize on the increasing global offshore activity with recently closed (and pending) additions to its fleet of offshore vessels.“Having been…

27 Apr 2023

Larry Rigdon Retires from Tidewater Board

Larry T. Rigdon (Photo: Tidewater)

U.S.-based Tidewater, one of the world's largest owners of offshore support vessels, announced Thursday that Larry T. Rigdon has chosen not to stand for reelection as non-executive chairman and will retire from the board at the company's annual stockholders meeting on June 26, 2023.Rigdon has served as a member of the company's board of directors since July 2017, and as non-executive chairman of the board since October 2019.Dick H. Fagerstal, Tidewater's lead independent director…

04 Jan 2022

Tidewater Appoints Cougle to Its Board of Directors

Offshore vessel owner Tidewater on Tuesday announced the appointment of Melissa Cougle to its Board of Directors, effective immediately. Cougle most recently served as Senior Vice President and Chief Financial Officer of Frank’s International until November 2021. She previously served as Senior Vice President and Chief Financial Officer of National Energy Services Reunited. Cougle began her career with Arthur Andersen in 1999 and subsequently held positions of increasing responsibility in the oilfield services industry at Ensco plc, and prior to that Pride International. She holds a Bachelor of Science in Business from Louisiana State University and is a Certified Public Accountant."Melissa is a seasoned executive with a strong track record of leadership in the oil and gas sector…

16 Mar 2021

Tidewater Names CFO, COO

U.S. offshore support vessel company Tidewater has announced the promotion of two key members of the company’s executive team, Sam R. Rubio and David E. Darling, to the positions of Chief Financial Officer and Chief Operating Officer, respectively.Rubio has been promoted to Executive Vice President and Chief Financial Officer, following his accomplishments serving as the Company’s Chief Accounting Officer and Controller since joining Tidewater following the combination with GulfMark Offshore, Inc. in 2018. Prior to joining Tidewater he served as GulfMark’s Senior Vice President and Chief Financial Officer, after holding the position of Chief Accounting Officer for over 10 years.

09 Sep 2020

Anderson Joins Tidewater Board

(Photo: Tidewater)

Offshore support vessel (OSV) owner Tidewater Inc. announced Wednesday the appointment of Darron M. Anderson to its Board of Directors, effective immediately.Anderson has served as President and Chief Executive Officer and as a member of the board of directors of Ranger Energy Services since March 2017. He previously served as President and Chief Executive Officer of Express Energy Services from 2008 to August 2015. Anderson began his career in the oil and natural gas industry…

01 Nov 2019

Tidewater Elects Larry Rigdon as Chairman

Tidewater, which owns and operates the largest fleet of offshore support vessels in the industry, announced that Larry T. Rigdon has been elected Chairman of the Board effective October 28th.Rigdon replaces Dr. Thomas R. Bates, Jr., who has recently resigned from the board, said a press note.Rigdon has been a member of the Tidewater Board of Directors since August 2017. He has extensive prior experience as an executive at Tidewater. Rigdon served as Interim Chief Executive Officer of Tidewater for the five-month period ended March 2018 and had previously joined the Company in 1992 upon the merger with Zapata Gulf Marine Corporation.After successive roles of increasing responsibility, he left the company as Executive Vice President in 2002.

08 Apr 2019

OSV Market: Which Way is Up?

OSV "THUNDER" owned by Jackson Offshore serving floater "DEEPWATER CONQUERER"
Source: Jackson Offshore

Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT), platform supply vessels (PSVs) and similar equipment…

21 Mar 2018

Darling, Parker join Tidewater

Tidewater has strengthened its management team with the appointments of David Darling as VP and Chief Human Resources Officer and Mark Parker as Vice President, Corporate Taxation. Darling joins Tidewater with over 24 years of domestic and international human resources experience, most recently as Senior Vice President and Chief Human Resources Officer for Gulfmark Offshore, Inc., where he was the Human Resource Director since 2007. Prior to Gulfmark, he served in executive human resources roles with Rigdon Marine and a subsidiary of Ford Motor Company. Darling has additional offshore vessel industry experience as a Vessel Master and Operations Manager.

15 Feb 2018

Tidewater Names Rynd President, CEO

Tidewater Inc. (NYSE: TDW) appointed John T. Rynd as the company's new President and CEO and a member of the Board of Directors effective March 5. He replaces Larry T. Rigdon who has served as interim President and Chief Executive Officer since October of 2017. Tom Bates, Chairman of the Board of Directors, said "After completing a comprehensive search, the Board is very pleased to welcome John to the team. He brings with him considerable experience in the offshore drilling services sector and the global oil and gas industry as a whole. Rynd previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016.

28 Nov 2017

GoM Stakeholders Energized Despite Lingering Oil Bust

Miss Marilene Tide (Credit Tidewater)

Gulf of Mexico vessel builders – and their customers – adapt to a lean offshore market. After oil prices plunged in late 2014 – pressured by shale output – demand for offshore vessels in the Gulf of Mexico shrank, day rates for boats fell and non-working units were idled. This year, several GoM boat builders filed for Chapter 11, or voluntary bankruptcy, while others consolidated. The most diversified companies kept their heads above water. Today, the outlook's a bit brighter. Crude oil prices hit bottom early last year. Tidewater Inc.

16 Oct 2017

Rigdon Named Interim CEO at Tidewater

Larry Rigdon

Larry T. Rigdon will serve as interim president and chief executive officer (CEO) of Tidewater Inc. while a search committee seeks a permanent successor to Jeffrey M. Platt, who has elected to retire from his role as director, president and CEO of offshore service vessels (OSV) owner and operator effective October 15, 2017. “Having successfully completed the financial restructuring of Tidewater at the end of July, which positioned the company to weather current industry conditions and achieve success in the future…

17 Apr 2014

Offshore Service Vessels Design Innovation

PSV World Sapphire from Damen (Photo courtesy Damen)

It could be argued that no other sector of the maritime market has experienced a design innovation revolution quite like the Offshore Service Vessel (OSV) market. Driven by demands to supply people, gear and goods to offshore installations that are increasingly further from shore in deeper waters, today’s OSV is a far cry from those built only a decade ago. Maritime Reporter examines some of the recent innovations in design and function. Deepwater operations are increasingly demanding more personnel offshore, often for longer periods of time, placing a greater emphasis on crew accommodation.

14 Mar 2014

Diesel-Electric Propulsion for Offshore

Photo courtesy of Eastern Shipbuilding

Long reserved for specialized applications such as icebreakers, diesel electric has enjoyed a rapid growth for marine propulsion in the past decade. Throughout that period, Cummins Marine has been a leader, supplying more than 900 diesel electric packages since delivering its first genset 2003. Early adopters of this flexible propulsion technology included the US firm Rigdon Marine with twenty vessels and France-based Bourbon Offshore with over 100 vessels. In late 2011 Aries Marine built two STX-designed Tiger Shark Class PSVs.

21 Nov 2011

GPA: Engineering Ideas Into Reality…

GPA Chairman Guido Perla

The motto at Guido Perla & Associates, Inc. (GPA) for over thirty years and continuing to this day has always been: Engineering Ideas into Reality. For clients worldwide, no matter how large or small the project, from single vessels to an unprecedented number of vessels in one series, the adage rings true. Behind the company’s success and commitment to each and every client is a team of over 70 professionals on four continents, led by the company’s Chairman Guido Perla and supported by his management team.

14 Apr 2011

Rigdon Joins Terresolve Board of Directors

Terresolve Technologies, Ltd. announced that Larry Rigdon, founder and former CEO of the Rigdon Marine Corporation, has joined the company’s board of directors. Rigdon, a former executive vice president of Tidewater, Inc., also sits on the board of the National Ocean Industries Association. “Larry’s very broad business experience will be a real asset to Terresolve,” said Mark Miller, the company’s CEO. “He has done some amazing things including raising significant venture capital and growing and running a business worth several hundred million dollars. His experience in the marine industry, which is one of our target markets, will prove invaluable. Rigdon founded the Houston-based Rigdon Marine Corporation in 2002 and served as its CEO and Chairman until retiring from the company in 2008.

13 Apr 2011

Larry Rigdon Joins Terresolve Technologies Ltd.’s Board of Directors

Mentor, OH, March 31, 2011 – Terresolve Technologies, Ltd. today announced that Larry Rigdon, founder and former CEO of the Rigdon Marine Corporation, has joined the company’s board of directors. Rigdon, a former executive vice president of Tidewater, Inc., also sits on the board of the National Ocean Industries Association. “Larry’s very broad business experience will be a real asset to Terresolve,” said Mark Miller, the company’s CEO. “He has done some amazing things including raising significant venture capital and growing and running a business worth several hundred million dollars.

27 Mar 2009

Bourbon 2008 Annual Results

Bourbon has announced its 2009 annual results. “The strength of our strategy is to invest in order to reduce clients’ costs,” stated Jacques de Chateauvieux, Chairman and Chief Executive Officer of Bourbon, “and putting into service new-generation innovative and high performance vessels, constructed in series at extremely competitive costs, sustains the growth in the Offshore Division operating income and provides a positive outlook for 2009. Revenue growth was essentially attributable to the strong increase in the Offshore Division revenues, which rose by 38.7%, and a resilient performance by the Bulk Division, which reported stable revenue growth of +2.9% at a constant exchange rate (12% year-on-year fall in the average annual BSI index).

14 Jan 2009

Island Boats Delivers Second Crewboat

The Swordfish, Christened January 14 on Bayou Teche, is a sister-ship in all but two significant features to the Bourbon Libeccio delivered earlier in 2008 from Jeaneratte Louisianaís Island Boats. The move from green for the 175 by 32 ft hull to a deep royal blue is the result of an ownership change from Rigdon to GulfMark in the intervening months. The second difference results from the advent of Tier II engine technology. While the Bourbon Libeccio was powered by four Cummins KTA50 engines rated at for 1800 HP each 1900-RPM…

31 Jul 2008

GPA Opens European Subsidiary

Guido Perla & Associates, Inc. (GPA), headquartered in , has established a European subsidiary – Guido Perla Europe GmbH (GPE GmbH) – in . GPE GmbH will initially handle the sales, marketing and PR function, as well as existing customer support. ”The strategic decision to further expand GPA into Europe supports our vision of being a truly global player,” said Inga Scholz, General Manager of GPE GmbH. Since its foundation in 1979, GPA has provided a full range of services to include Conceptual and Preliminary Design…

05 Jun 2008

Rigdon to Remain in New Orleans

GulfMark Offshore’s previously announced agreement to purchase Rigdon Marine entails that the combined company will operate 90 vessels, with 16 more under construction for delivery through 2010. Houston-based GulfMark has minimal operations, making the retention of Rigdon Marine's GoM presence significant, Energy Current reported. Rigdon Marine employs over 300 personnel, and employment is expected to grow to over 400. Rigdon Marine expects to keep its operations based in . Source: Energy Current

30 May 2008

Bourbon to Sell Interest in Rigdon Companies

Under the merger proposal between Rigdon Marine Corporation and Gulfmark Offshore announced on May 28, Bourbon will sell its interest in the Rigdon companies. This sale will be effective on completion of the merger which is due to take place in the 3rd quarter of 2008. For BOURBON it will generate: capital gain on sale of approximately 60 million euros, repayment by Rigdon of loans granted by BOURBON, for a total of 110 million euros, which, in addition to the cash proceeds from the sale, will reduce the group’s debt. Since January 2006, Bourbon had contributed to the implementation of Rigdon’s financial structure. As this company has been so far accounted for according to the equity method, the sale will have no impact on revenues nor on Bourbon’s EBITDA.

30 May 2008

GulfMark Offshore to Acquire Rigdon Marine

GulfMark Offshore, Inc. announced it had entered into a definitive purchase agreement to acquire Rigdon Marine Corporation (RMC), a major operator of technologically advanced offshore supply vessels. The purchase will add the RMC management team, an experienced group of mariners and a fleet of modern vessels designed to support the expanding demand in the deepwater . The combined company will initially operate 90 vessels with an additional 16 vessels under construction for delivery through 2010.