Paratus Energy Services Ltd.

Paratus Energy Services Ltd. is an investment holding company focused on the offshore energy industry. Headquartered in Hamilton, Bermuda, with management offices in Norway and the United Kingdom, the company invests in and operates a group of leading energy services companies.

Historically, Paratus Energy Services' portfolio included Fontis Energy, which provided offshore drilling services with a fleet of high-specification jack-up rigs operating in Mexico, and a 50/50 joint venture interest in Seagems, a subsea services company operating multipurpose pipe-laying support vessels in Brazil. The company also held an equity stake in Archer, a global oil services provider.

In March 2026, Paratus Energy Services announced the sale of its jack-up drilling business, Fontis Energy, positioning itself to become a pure-play pipe-laying support vessel (PLSV) business with a fully contracted fleet. This strategic shift follows a period of strong financial performance, with the company reporting a 127% surge in full-year net income to $75 million in 2025. Leadership saw a change in April 2026, with Robert Jensen resigning as CEO and CFO Baton Haxhimehmedi stepping in as Interim CEO. The company is publicly traded on the Oslo Stock Exchange under the ticker PLSV.