Harvey Gulf signed an agreement with Bee Mar LLC to purchase all of Bee Mar's vessels and assets.
The purchase will include 10 offshore supply vessels, which will increase Harvey Gulf's fleet to a total of 32 vessels – with 24 deepwater, new generation, offshore support vessels and eight deepwater towing vessels.
Upon closing, Harvey Gulf will have operations in the U.S. Gulf of Mexico, Alaska, Mozambique, Africa, Israel and Saudi Arabia.
A big crowd turned out for an afternoon honoring industry leaders representing all facets of the energy sector.
Production from Occidental Petroleum's Permian Basin unit rose 57% to 250,000 boe/d in the fourth quarter, boosted by its investments in the basin.
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.