Blue Dolphin Energy Company $BDCO
Blue Dolphin Energy Company (Blue Dolphin) is a holding company and conducts substantially all of its operations through its subsidiaries. The Company operates its business activities in two business segments: pipeline transportation services and oil and gas exploration and production. Substantially all of the Company’s assets consist of equity interests in its subsidiaries. Blue Dolphin’s operating subsidiaries are Blue Dolphin Pipe Line Company, Blue Dolphin Petroleum Company, Blue Dolphin Exploration Company, Blue Dolphin Services Co. and Petroport, Inc. Its pipeline assets are located offshore and onshore in the Texas Gulf Coast area and its leasehold interests in properties are located in the United States. Its pipeline operations include Blue Dolphin Pipeline System (BDPS) and Galveston Area Block 350 Pipeline (GA 350 Pipeline). In February 2012, the Company acquired Lazarus Energy, LLC.
CEO – Ivar Siem
Mr. Siem is currently Chief Executive Officer of Drillmar Energy, Inc. He has served on Blue Dolphin’s Board since 1989. He also sits on the Board of Directors of Avenir ASA, The Classical Theatre, Drillmar Energy, Inc., Frupor SA, TI A/S and Siem Industries, Inc. (and two of its affiliates). Mr. Siem earned a Bachelor of Science in Mechanical Engineering from the University of California, Berkeley and has completed an Executive MBA Program at Dartmouth University.
Director – Laurence N. Benz
Dr. Benz is currently Chief Executive Officer and President of PT Development LLC. He has served on Blue Dolphin’s Board since 2004 and is currently Chairman of the Audit Committee. He also sits on the Board of Directors of multiple private companies. Dr. Benz received a Bachelor of Science in Biology from Bowling Green State University, a Masters in Physical Therapy from Baylor University, a Masters in Business Administration from Ohio State University and a Doctorate in Physical Therapy from MGH Institute of Health Professionals.
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