When an energy company wants to produce oil or gas in a remote undersea location, companies like Singapore-headquartered Ezra Holdings provide the logistics and ships to support the operations, often in harsh climates and rough seas. Spending on deep-water exploration has been strong in the past few years on the back of high oil prices and strong demand. Revenues have ballooned at Ezra’s subsea business, where it competes with companies like Paris-listed Technip SA and Norway’s Subsea 7 SA . The subsea segment, which installs equipment like oil pipelines on the seabed, generated over 70% of Ezra’s US$1.3 billion in revenue last year. The subsea business was the brainchild of Ezra’s chief executive and managing director, Lionel Lee, 40 years old, whose father founded the company in 1992 as an offshore-services firm. The younger Mr. Lee joined Ezra […]