Offshore staff
HOUSTON – C-Innovation, LLC (C-I), an affiliate of Edison Chouest Offshore and its family of companies, has acquired the controlling interest in Caltex Oil Tools, a provider of equipment rentals, services and customized engineering capabilities to the offshore industry.
Headquartered in Houston, the Caltex team is expected to enable C-I to further expand its engineering and subsea service capabilities.
David Sheetz, vice president of C-I, said: “We have been working with Caltex for a few years now, and I believe this deal will allow us to jointly develop more efficient technology and processes to increase returns in riserless light well intervention projects.”
Justin Branner, general manager of Caltex, said: “Caltex is excited to join C-Innovation as they are aligned in our vision and will be a catalyst in our pursuit to develop technology and provide services that drive efficiency and close the technology gap throughout the industry.”
09/28/2020
