Tuesday, July 21, 2015

GulfMark Offshore, Inc.: Supporting the Upstream Oil and Gas Industry

GulfMark Offshore, Inc. is one of the companies that continue to support the upstream oil and gas industry. The business is an expert in the field of marine transportation. They continue to own and operate a fleet of marine vessels that support offshore operations in the energy industry. It was in 1990 that the company entered the industry and through its seasoned team of experts, the business has significantly grown its operations.

From a small venture, GulfMark Offshore is now a global venture that continues to support some of the major players in the industry of oil and natural gas. They are best known for their technologically advanced fleet and the quality of their performance. The solutions they offer encourage the increase of productivity and decrease of operational costs. Their fleet of highly advanced support vessels include, fast supply vessels, specialty vessels, platform supply and anchor handling towing supply. 60% of these assets were newly constructed in 2005.

The operations of the company are divided into three reporting segments, namely Southeast Asia (SEA), North Sea (N. Sea) and the Americas. In total, they have about 75 offshore supply vessels. The majority of their fleet is based in the North Sea. GulfMark Offshore continues to cater to the needs of independent oil and natural gas exploration and production companies, government owned energy companies and those foreign government-owned oil and natural gas ventures. In addition to their marine support and transportation services, the business also offers logistics, construction and other services to the industry.

The company is one of the energy-related ventures headquartered in Houston, Texas. The business made its debut on the New York Stock Exchange and continues to publicly trade its common shares using the ticker symbol GLF. GulfMark is also listed as one of the components of the Wilshire 5000 Index.

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