Tidewater, Inc. Company News

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Tidewater To Buy GulfMark As Offshore Drilling Eyes Recovery
Monday, July 16, 2018 Tidewater says it will buy smaller rival GulfMark Offshore in an all-stock deal to create a $1.25 billion company.

Tidewater Maintains Weak OSV Outlook, but Positioned for Opportunities
Thursday, May 28, 2015 Despite lower revenues and utilization, Tidewater is well-positioned to take advantage of acquisition and investment opportunities in the global OSV market, company officials say.

Tidewater Clinches Construction Contract with Drydocks World
Wednesday, October 06, 2010 Tidewater has entered into a contract with Drydocks World for the construction of four 265-foot deepwater platform supply vessels at its shipyard in Batam, Indonesia.

Tidewater Strengthens Senior Management Team
Friday, April 02, 2010 Deborah Willingham has joined Tidewater as Vice President and Chief Human Resources Officer.

Tidewater Promotes New Executives
Wednesday, March 10, 2010 Tidewater promoted Matthew A. Mancheski to Vice President-Chief Information Officer and Chief Strategic Planning Officer and Jeffrey M. Platt to Chief Operations Officer.

Tidewater Posts Quarterly Net Earnings for '09
Tuesday, February 02, 2010 Tidewater announced today third quarter net earnings for the period ended December 31, 2009, of $59.9 million, or $1.16 per common share, on revenues of $286.5 million.

Tidewater Posts First Quarter Results for Fiscal 2010
Wednesday, July 29, 2009 Tidewater has announced first quarter net earnings for the period ended June 30, 2009, of $44.5 million, or $0.86 per share, on revenues of $326.6 million.

Venezuela Yet to Put Price on Oil Services Takeovers
Tuesday, July 21, 2009 PDVSA has yet to initiate a valuation process for the 74 foreign and local oil services companies the government has nationalized since May.

Tidewater Declares Quarterly Dividend on Common Stock
Thursday, July 09, 2009 Tidewater has declared a quarterly dividend of $.25 per share on the company's approximately 51.7 million shares of common stock outstanding.

Tidewater Declares Authorization to Repurchase Common Stock
Thursday, July 09, 2009 Tidewater's Board authorized the Company to spend up to $200 million to repurchase shares of its common stock in open-market or privately-negotiated transactions.

Tidewater Reports Q4 Results, Year End Earnings for Fiscal '09
Wednesday, May 13, 2009 Tidewater announced today fourth quarter net earnings for the period ended March 31, 2009 of $109.7 million on revenues of $341.6 million.

AETI Alliance Group to Service Brazilian Offshore Drilling, Marine Markets
Thursday, December 04, 2008 American Electric Technologies will provide offshore services to the Brazilian offshore drilling and marine markets.

Tidewater Sails Out of Quarter with $95.4MM Net
Monday, October 27, 2008 Tidewater has announced its second quarter net earnings for the period ended September 30, 2008, of $95.4 million on revenues of $346.8 million.

Tidewater Promotes Lundstrom to Executive VP, General Counsel
Monday, August 04, 2008 Tidewater announced the promotion of Bruce D. Lundstrom to Executive Vice President, General Counsel and Secretary.

Tidewater Reports Earnings
Wednesday, October 17, 2007 Tidewater Inc. said that its fiscal second quarter financial results for the three months ended September 30, 2007, are estimated to be between $1.54 - $1.57 on a fully diluted per share basis.

Audit Committee Widens Internal Investigation at Tidewater
Thursday, October 04, 2007 Tidewater's Audit Committe has engaged special cousel to conduct an internal investigation into the legality, under the FCPA, of its Nigerian affiliate's reimbursement of certain payments made by a 3rd party agent to procure temporary Permits.

James Day Elected to Tidewater Board
Thursday, September 06, 2007 Tidewater has elected James C. Day to its Board of Directors for a term expiring in July 2008.

Tidewater Declares Quarterly Common Stock Dividend
Tuesday, August 21, 2007 Tidewater has declared a quarterly dividend of $.15 per share on Tidewater's approximately 55.8 million shares of common stock outstanding.

Justice Department Probing Oil Operations in Nigeria
Wednesday, July 25, 2007 The U.S. Justice Department is conducting a criminal inquiry of nearly a dozen oil and oil-services companies, focusing on potentially illegal payments to customs agents who provided freight forwarding and other services in Nigeria.

Tidewater Promotes Demarest to VP
Tuesday, June 05, 2007 Tidewater Inc. recently announced the promotion of Craig J. Demarest to Vice President. The promotion was effective as of May 31, 2007.

Canadian Superior: Kan Tan IV Arrives Early in Trinidad
Tuesday, May 29, 2007 Canadian Superior Energy Inc. said that the semi-submersible drilling rig the Kan Tan IV arrived earlier than expected in Trinidad on May 28.

Laborde to Step Down from Tidewater
Friday, May 04, 2007 Tidewater Inc. said Friday that Cliffe F. Laborde, the Company's Executive Vice President, Secretary and General Counsel, has advised that he will leave the Company effective June 29, 2007, to pursue personal business opportunities.

Tidewater Investigating Nigerian Ops
Thursday, April 26, 2007 Tidewater Inc. is conducting an internal investigation of its Nigerian operations focusing on the legality of the reimbursement of certain expenses incurred by a customs agent in connection with obtaining permits for vessels to operate offshore.

Tidewater Posts Higher Earnings for Q4, Full Year
Thursday, April 26, 2007 Tidewater Inc. on Thursday announced fourth quarter net earnings for the period ended March 31, 2007, of $87.6 million, or $1.56 per share, on revenues of $293.5 million.

Tidewater Honors Late Oilman with New Vessel
Monday, August 21, 2006 Tidewater Inc. reported the christening Monday of one of its new vessels, the M/V PAT TAYLOR, named in honor of the late New Orleans businessman, Patrick F. Taylor.

Tidewater Sells Tugs to Crosby Marine
Friday, August 18, 2006 Tidewater Inc. on Thursday announced the closing on the sale of ten offshore tugs for a total cash price of $31.5 million.

Tidewater Announces Pending Sale of 14 Offshore Tugs
Friday, August 11, 2006 Tidewater Inc. said Friday that it has entered into a definitive agreement with Crosby Marine Transportation, LLC to sell 14 of its offshore tugs, 12 of which currently constitute Tidewater's total domestic fleet of offshore tugs.

Tidewater Declares Q2 Dividend
Thursday, July 20, 2006 Tidewater Inc. said that its board has declared a quarterly dividend of 15 cents per share on the company’s approximately 56.3 million shares of common stock outstanding, which excludes shares held by the company's grantor stock ownership trust.

Tidewater Names New Manager of Engineering & Technical Services
Tuesday, May 30, 2006 Tidewater reports that Archibald (Archie) M.S. Morgan, IV, has joined Tidewater Marine, L.L.C. as Manager of Engineering and Technical Services.

Tidewater Reports No Damage Resulting from Hurricane Rita
Tuesday, September 27, 2005 Tidewater has not experienced any injuries to its personnel, or any damage or interruption of service to any of its vessels currently serving the oil and gas industry in the Gulf of Mexico as a result of Hurricane Rita.

Tidewater Reports First Quarter Results For Fiscal 2006
Tuesday, July 26, 2005 Tidewater announced first quarter net earnings for the period ended June 30, 2005, of $28.9 million, or $.50 per share, on revenues of $192.2 million. For the same quarter last year, net earnings were $12.9 million, or $.23 per share, on revenues of $158.1 million.

Tidewater to Sell Six KMAR 404 Vessels
Monday, July 25, 2005 Tidewater reports the pending sale of six of its KMAR 404 class of Anchor Handling Towing Supply vessels to Deep Sea Supply ASA for a total cash price of $188 million.

Tidewater Promotes Gerard Kehoe to VP
Thursday, May 26, 2005 Tidewater has promoted Gerard P. Kehoe to Vice President and Officer of Tidewater Inc. The promotion was effective as of May 15, 2005.

Tidewater Makes Senior Management Changes
Wednesday, April 13, 2005 Tidewater recently promoted Joseph M. Bennett to Senior Vice President, Principal Accounting Officer, and Chief Investor Relations Officer; William R. Brown IV to Vice President; and Craig Demarest to Controller.

Tidewater Sells Six AHTS Vessels
Tuesday, March 15, 2005 Tidewater has entered into a Letter of Intent to sell up to six of its KMAR 404 class of Anchor Handling Towing Supply vessels.

Tidewater Announces Results
Wednesday, April 21, 2004 Tidewater Inc. announced a fourth quarter net loss for the period ended March 31, 2004, of $7.0 million, or $.12 per share, on revenues of $154.2 million.

Tidewater Declares Quarterly Dividend on Common Stock
Friday, April 16, 2004 Tidewater Inc. announces that its board of directors declared a quarterly dividend of $.15 per share on Tidewater's approximately 57 million shares of common stock outstanding.

Tidewater to Expand Fleet
Friday, August 29, 2003 Tidewater will expand its fleet by adding six newbuild anchor handling towing supply vessels and two 175' fast supply vessels.