Page 41: of Marine News Magazine (November 2016)

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OFFSHORE: UPDATE service companies Schlumberger and or chartered OSVs and 87 stacked owned and leased vessels cold-stacked

Halliburton have made huge layoffs boats. That compared with 245 ac- in the Gulf at mid-year, according to in the last two years. “All kinds of jobs tive, owned or chartered vessels and the company’s Aug. 1 quarterly earn- have been lost along the Gulf, and 28 stacked boats just one year prior. ings. Of the 25 vessels stacked, 13 that’s had a multiplier effect on the re- Florida-based SEACOR Holdings were liftboats. SEACOR Marine’s ves- tail, wholesale and other sectors of the Inc., the parent of SEACOR Ma- sels serve offshore oil-and-gas explora- region’s economy,” Scott said. rine in Houma, La., had 25 of its 33 tion and production.

Vessels Stacked Along the Coast

Offshore vessel builders and op- erators, including Edison Chouest

Offshore, Bollinger Shipyards, Horn- beck Offshore Services, SEACOR

Marine and Gulfmark Offshore, have had to retrench.

In early October, an of? cer at

Hornbeck in Covington, La. said the company couldn’t comment on con- ditions in the Gulf because its Nov. 2 quarterly earnings were approaching.

Hornbeck serves deepwater explo- ration and production with marine transportation and subsea installa- tions. At midyear, the company owned 62 new-generation OSVs – including two new-builds that were delivered early in the year – and 6 MPSVs.

Because of the soft offshore mar- ket, Hornbeck was forced to make company-wide cuts in its shore-based and vessel staffs, along with pay reduc- tions, the company said in its August earnings report. Hornbeck from Oc- tober 2014 to mid-2016 stacked 48 new-generation OSVs, including eight 300-class OSVs. In this year’s ? rst half,

Hornbeck had an average of 37.8 ves- sels stacked, versus 13.5 in the same 2015 period. And on June 30, Horn- beck had 44 OSVs that weren’t in use.

Separately, and in its August 10 earnings report, New Orleans-based

Tidewater said that because of the reduced demand for OSVs and an increased supply of them, the com- pany had seen a signi? cant decline in vessel utilization, average day rates received and vessel revenue. On June 30, Tidewater had 181 active, owned 41 www.marinelink.com MN

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