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British OSV companies in the North Sea, 1964-1997

Alan G. Jamieson

Maritime Policy & Management, 1998, vol. 25, issue 4, 305-312

Abstract: In the mid 1960s the world OSV industry was dominated by American operators, but with the rise of the North Sea offshore industry, British entrepreneurs were given the chance to contest American dominance. By the mid 1970s British OSV companies had made great progress and, at least in the North Sea context, their principal rivals were now the Norwegians rather than the Americans. British OSV companies continued to prosper until the world oil price collapse of 1986. This blow led to a restructuring of the British OSV industry, which led, by the mid-1990s, to Stirling Shipping being the principal British OSV firm in the North Sea and OIL being the largest non-American OSV company in the world. The 1997 sale of OIL to the Americans was a blow to the British OSV sector, but British enterprise in this field still continues in the North Sea.

Date: 1998
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DOI: 10.1080/03088839800000055

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