Diavaz Takes Oceanteam Stake in Mexican Joint Venture

Offshore services player Oceanteam and its Mexican partner Diavaz have reached an agreement to terminate the joint venture structure, DOT Group.

DOT was set up by the two groups in 2014 in order to service the Mexican offshore market.

Oceanteam held 40 percent which will be taken over by Diavaz.

The decision is in line with the revised strategy of the company to divest non-controlled business. This transaction does not have a material impact on Oceanteam’s financial and market position, the company said.

Following financial restructuring, Oceanteam said it is revisiting its portfolio of activities by positioning itself as an offshore services investment platform and will be pursuing new business opportunities in the subsea, renewables and oil & gas sectors.

Share this article

Follow Subsea World News

Events>

<< Jan 2020 >>
MTWTFSS
30 31 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

Shallow and Deepwater Mexico Exhibition and Conference

Shallow and Deepwater Mexico, an offshore oil and gas exhibition and conference is the key center for the international offshore oil and gas community in Mexico. 

read more >

Underwater Intervention (UI) 2020

Underwater Intervention Conference is a conference where oil and gas industry professionals, senior decision…

read more >

Subsea Expo 2020

Subsea Expo is the world’s largest subsea exhibition and conference and is completely free to attend.

read more >

Oceanology International 2020

Exhibitors from industry, government and research institutions share their knowledge and come…

read more >