Gulfstream and IOT Energy Services Strengthen Global Partnership with New Contract Signing at D&A GOM Conference

Pictured L to R: Doug Reid (IOT) and Bobby Bond (GSI)

[Houma, LA] — [May 13, 2025] — Gulfstream Services, Inc. (“GSI”) and IOT Energy Services Australia Pty Ltd (“IOT”) are proud to announce the signing of a new contract that further solidifies the companies’ growing partnership. The agreement, formalized last week during the Decommissioning & Abandonment (D&A) Gulf of Mexico Conference, outlines GSI's commitment to providing decommissioning and cementing systems services to support IOT’s expanding operations in Australia.

This milestone builds upon the existing foundation of trust and collaboration between the two companies, reinforcing their shared dedication to delivering innovation, safety, and operational excellence in offshore energy services.

"Gulfstream Services is thrilled to partner with IOT as we expand into the Australian market, bringing innovation, excellence, and cutting-edge technology to new horizons. Together, we’re shaping the future!" — Bobby Bond, CEO, Gulfstream Services, Inc.

Under the new contract, Gulfstream’s advanced decommissioning and cementing technologies will be integrated into IOT’s service offerings, enabling greater efficiency and reliability for offshore projects in the region. This strategic move underscores both companies’ commitment to providing world-class solutions to meet the evolving needs of the energy sector.

IOT Energy Services Australia Facility

"This partnership marks a significant step in IOT Energy Services’ expansion into decommissioning operations and reinforces IOT Energy Services’ commitment to delivering best-in-class equipment and services to the Australian market. By integrating Gulfstream Services’ advanced decommissioning and cementing equipment into our offering, we are collectively well-positioned to support our customers in the rapidly growing decommissioning and abandonment space." — Doug Reid, District Manager, IOT Energy Services Australia

 “As we look to the future of global energy transition, collaborations like this one are key to meeting increasingly complex offshore challenges," says Bobby Bond, GSI CEO. "This agreement with IOT reflects our mutual commitment to pushing the boundaries of what’s possible in safe and efficient decommissioning.”

Both Gulfstream and IOT are excited about the opportunities this expanded collaboration brings and look forward to continuing to drive success for their clients across the globe. 

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About Gulfstream Services, Inc.

Founded in 1978, Gulfstream Services, Inc. (GSI) is a U.S.-based company with global operations, providing high-performance equipment and technical expertise for offshore and onshore energy sectors. With decades of field experience, GSI supports complex projects with a solutions-driven approach, spanning decommissioning, wellbore cleanup, and cementing system services.

About IOT Energy Services Australia Pty Ltd

IOT Energy Services is a rental and service company to the oil & gas industry across Australia, New Zealand, and Papua New Guinea. IOT Energy Services provides Downhole Rental Tools (DRT), Tubular Running Services (TRS) and Workshop Services to International Oil Companies (IOCs), National Oil Companies (NOCs), Independent Oil Companies, Rig Contractors, and Oilfield Service Companies.