Atef Abou Merhi is a board member at Golden Energy Offshore Services, a leading name in the oil, gas, and renewable offshore industry. This article will look at Pelagic Partners’ recent acquisition of a 20% stake in Golden Energy Offshore Services
In October 2023, Pelagic Partners announced its investment in Golden Energy Offshore Services via the public company’s latest round of private placement. The attached PDF contains an overview of the services offered by Golden Energy Offshore Services.
Pelagic Partners’ acquisition, which further increased to 23.68% in December 2023 through follow on purchases, secured the company’s position as Golden Energy Offshore Services’ second largest shareholder, earning Pelagic Partners a seat on the company’s board. The embedded video takes a closer look at the topic of corporate structure.
Present across the whole value chain, Pelagic Partners presents the opportunity for its partners to join the company in becoming active players in an industry that controls circa 90% of global trade. Benefiting from decades of experience in the shipping and offshore sectors, Pelagic Partners’ management team helps individual and institutional investors to generate consistent annual yields.
Pelagic Partners has been a proud supporter of the oil and gas industry for some time, with the company having explored various different avenues to get involved in the offshore sector for more than a year before finding the right opportunity with Golden Energy Offshore Services. The attached infographic provides some interesting statistics about the global offshore renewables industry.
Operating one of the youngest PSV fleets in the industry, Golden Energy Offshore Services is ready to capitalize on accelerating growth in the renewables industry. In a press release announcing the acquisition, Pelagic Partners highlighted Golden Energy Offshore Services’ shareholder composition, governance framework, and senior leadership team as persuasive factors, reinforcing Pelagic Partners’ confidence in Golden Energy Offshore Services’ journey towards success.
In acquiring a 20% shareholding, Pelagic Partners’ principal objective is to share its knowledge and expertise to contribute to the future success of Golden Energy Offshore Services. Recognizing a significant underinvestment in the oil and gas market over the last five to seven years, Pelagic Partners has strategically focused on modern, eco-friendly vessels that will be sought after in years to come.
Golden Energy Offshore Services is committed to continuously reviewing and improving its systems and routines, having achieved enviable safety statistics and established itself as a market leader in its segment of the industry. Boasting 95 years of shipping experience, this well-established, fully integrated shipping, ship owning, and offshore service company operates with a keen focus on health, safety, environmental performance, and quality.
