Investment firm BWE buys Heerema’s pipeline welding business

Illustration / Image source: BWE
Illustration / Image source: BWE

London-based private equity firm Blue Water Energy is buying Heerema Marine Contractors’ Pipeline Technique Limited, a provider of pipeline welding, field joint coating, and spoolbase services to the energy industry.

PTL is headquartered in Huntly, UK with additional worksites in the USA, Middle East, Brazil and South East Asia delivering solutions for offshore and onshore construction projects, with the project of note including Appomattox in the U.S. Gulf of Mexico, Kaombo in Angola, and Khazzan in Oman.

Martin Somerville, managing director of Blue Water Energy, said: “We are excited by the investment into PTL. The company has a very strong reputation and track record in the technically-challenging pipeline welding market and we have committed significant capital to support future growth.”

Patrick Boerkamp, CEO of PTL, said: “HMC has been a good owner of PTL since 2008 and supported us to build an impressive track record and develop new technologies and services tailored to offshore and onshore markets.

“We now look forward to the company flourishing as an independent welding and field joint coating service provider, capitalizing on the significant market opportunity that exists.”

Blue Water Energy did not provide financial details of the transaction.

Pipeline Technique is the seventh investment in Blue Water Energy’s Fund II. Other companies include Aberdeen-based Rovop, the subsea robotics company, and Mime Petroleum, the Oslo-based NCS explorer.


Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply