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.
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