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TDW vs TEN

Tidewater, Inc. and Tsakos Energy Navigation Ltd.

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Tidewater, Inc.

Tidewater Inc., together with its subsidiaries, provides offshore support vessels and marine support services to the offshore energy industry through the operation of a fleet of offshore marine service vessels worldwide. The company offers support in phases of offshore oil and gas exploration, field development and production, and windfarm development and maintenance; towing, anchor handling, and mobile offshore drilling units; transporting supplies and personnel necessary to drilling, workover, and production activities; offshore construction and seismic and subsea support; geotechnical survey support for windfarm construction; and pipe and cable laying. It operates anchor handling towing supply vessels, platform supply vessels, and other vessel classes, as well as crew boats, utility vessels, and offshore tugs. The company serves integrated and independent oil and gas exploration, field development, and production companies; mid-sized and smaller independent exploration and production companies; foreign government-owned or government controlled organizations that explore for, develop, and produce oil and gas; offshore drilling contractors; and other companies that provide various services to the offshore energy industry, such as offshore construction, windfarm development, diving, and well stimulation companies. Tidewater Inc. was incorporated in 1956 and is headquartered in Houston, Texas.

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Tsakos Energy Navigation Ltd.

Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, such as conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. The company was incorporated in 1993 and is based in Athens, Greece.

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