What's In Store for the OSV Market? Find Out During the May 23 WorkBoat.com Webinar Featuring G. Allen Brooks of Parks Paton Hoepfl & Brown and David Krapf, WorkBoat Editor

    PORTLAND, ME, May 14, 2012 /24-7PressRelease/ -- The U.S. Gulf deepwater market has been heating up, with permits finally picking up and demand for rigs and drillships increasing. During the May 23 WorkBoat.com Webinar "What's In Store for the OSV Market?" hear G. Allen Brooks of Parks Paton Hoepfl & Brown give his take on this recent trend and offer insight on what the future looks like in the Gulf.

Brooks, the Houston-based investment company's managing director, will talk about the rig market and other subjects with David Krapf, editor in chief of WorkBoat. The webinar begins at 11 a.m. (eastern).

"The fortunes of supply vessel operators are tied to the offshore contract drilling companies," Krapf said. "Drillers, and thus OSV operators, are dependent on the oil companies who charter their equipment. And lately, in the deepwater and ultradeepwater markets, demand for drillships and semisubmersibles has been good and so has demand for large OSVs to service these rigs. However, as we all know, this positive trend can change quickly. It can be a vicious cycle."

The cost to attend the webinar is $39. Individuals can also purchase the WorkBoat Professional Series Online Pass for $159 and get 12 months of webinars for one low price (includes 11 webinars). To register for the webinar, visit www.WorkBoat.com.

For the month of May, become a WorkBoat ProSeries Online Pass member and receive a free copy of the exclusive report Doing Business in the Ocean Energy Service Vessel Market: A Guide to Understanding the Market and Legal Requirements. Details are at http://www.workboat.com/propassinfo.aspx?utm_source=29733&utm_medium=Email&utm_campaign=Webinars&M=d7aa51e6-34ee-4c02-a128-9514f5d24f83

Brooks' independent investment banking company provides financial advisory services exclusively to clients in the energy industry. The Houston-based company was formed in 2003 by partners with both industry operating and investment banking expertise. Since 2003, Parks Paton Hoepfl & Brown PPHB has closed approximately 80 transactions with gross transaction value of more than $4.5 billion.

Krapf will highlight what's going on in the Gulf, including discussing some of what's contained in the WorkBoat Offshore Service Vessel Report, an analysis of monthly average day rates and utilization for supply vessels and crewboats in the U.S. Gulf of Mexico from 2005 through 2011. The detailed report identifies trends and offers unique information and insight into the ways that rig utilization and supply affects the pricing and utilization of U.S. Gulf offshore service vessels and crewboats. The report was researched and written by Jerry Greenberg, Gulf of Mexico correspondent for WorkBoat magazine and WorkBoat.com.

To purchase the updated WorkBoat Offshore Vessel Report including 2011 analysis, aggregated chart views and new Executive Summary, please visit: http://www.workboat.com/resource-center-day-rate-report-2005-2011.aspx

The popular WorkBoat.com webinar series allows the marine industry to stay on top of what's going on in the industry and what's in store for the future -- from business management to marine industry specific topics. The WorkBoat Professional Series Pass allows participants to get year-round 24/7 access to the same great face-to-face experience they get at the WorkBoat Professional Series Conference Program. The Pass also allows participants to see the upcoming live webinar schedule as well as view on-demand webinars.

The Pass can be used for individuals as well as groups (webinar participation must be from one location). This allows a company to educate an entire team.

For more information:
Lisa Keller
Diversified Business Communications
[email protected]
Phone: (207) 842-5624

About the WorkBoat Professional Series
The webinar is presented as a part of the WorkBoat Professional Series and is designed to keep the commercial marine business community informed and on top of what's going on in the industry today and what's in store for the future.

WorkBoat.com is the largest commercial marine member-supported website, with over 24,000 members. Each registrant for the webinar receives a free membership in WorkBoat.com.

For more information visit www.WorkBoat.com.

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