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Announces Completion News

14 Jul 2014

FTO Services Announces Completion of First Vessel

Island Performer naming: Photo credit FMC Technologies

FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel, Island Performer, was held in Ulsteinvik, Norway on June 27. During the event, about 200 guests including executives from FTO Services, Edison Chouest Offshore and FMC Technologies sailed on a five hour maiden voyage to celebrate the naming of the vessel. In the fourth quarter of 2014, FTO Services will begin a 5 year lease of Island Performer from vessel owner, Island Offshore.

14 Dec 2011

This Day in Naval History

From the Navy News Service:   1814 - A British squadron captures U.S. gunboats in Battle of Lake Borgne, La. 1944 - The rank of fleet admiral (five star admiral) is established. 1945 - Capt. Sue S. Dauser receives the first Distinguished Service Medal awarded to a nurse. 1965 - The Navy announces completion of 1,272-ft. radio tower at North West Cape, Australia. It is the highest manmade structure in the Southern Hemisphere at the time.   For more information about Naval history, visit the Naval Historical Center Web site at www.history.navy.mil.

22 Aug 2011

Glosten Completes Study for WSF

Washington State Ferry Depiction

The Glosten Associates announces completion of a feasibility study for Washington State Ferries (WSF) on converting its 144-car ferry design to liquefied natural gas (LNG) propulsion. Glosten’s study, which investigated design, economic, regulatory, and environmental issues, concluded that the conversion is both technically feasible and cost effective, although technical and regulatory challenges remain. To support the study, Glosten developed a preliminary design for both dual fuel and single fuel (LNG only) engines.

14 Dec 2010

This Day in U.S. Naval History – December 14

1814 - British squadron captures U.S. gunboats in Battle of Lake Borgne, LA. 1944 - Rank of Fleet Admiral, U.S. Navy (five star admiral) is established. 1945 - Captain Sue S. Dauser receives the first Distinguished Service Medal awarded to a nurse. 1965 - Navy announces completion of 1,272 ft. radio tower at North West Cape, Australia, highest manmade structure in the Southern Hemisphere at that time, as a link in fleet communications. (Source: Navy News Service)

14 Dec 2009

This Day in Naval History – Dec. 14

1814 - British squadron captures U.S. gunboats in Battle of Lake Borgne, LA. 1944 - Rank of Fleet Admiral, U.S. Navy (five star admiral) is established. 1945 - Captain Sue S. Dauser receives the first Distinguished Service Medal awarded to a nurse. 1965 - Navy announces completion of 1,272 ft. radio tower at North West Cape, Australia, highest manmade structure in the Southern Hemisphere at that time, as a link in fleet communications. (Source: Navy News Service)

13 Feb 2004

Trico Announces Completion of New Senior Secured Credit Facility

Trico Marine Services, Inc. refinancing of its existing U.S. revolving credit facility ("U.S. Facility"). The Company refinanced the U.S. add operating flexibility. credit facility ("New Credit Facility") is secured by 43 supply vessels. original issue discount of 2.0% and is subject to incurrence-based covenants. offering expenses. U.S. general corporate purposes. February 2009 and will have two years of call protection. also provide incremental available liquidity.

11 Nov 2004

TOP Tankers Announces Completion of Follow-On Offering

TOP Tankers Inc announced the completion of its follow-on offering of 8,306,452 common shares, as well as 1,245,968 shares purchased by the underwriters to cover over-allotments. The net proceeds for the Company were approximately $141.6 million, a portion of which will be used for the acquisition of five double-hull Suezmax tankers from an unrelated third party.

16 May 2007

Cavotec MSL Announces Completion of Secondary Share Placement

Cavotec MSL Holdings Limited said that an $18m secondary share placement to institutional and other habitual investors was executed on April 19. The placement was sole lead managed and underwritten by the investment banking firm Goldman Sachs JBWere. Thirteen current shareholders of Cavotec MSL participated in the transaction, including certain managers, directors and founding shareholders of the company. On average, these shareholders sold approximately 5% of their holdings. Each selling manager shareholder is subject to a standstill on further sales for a minimum period of 6 months.

30 Oct 2001

Hornbeck-Leevac Announces Completion of Equity Offering

Hornbeck-Leevac Marine Services, Inc. announced that it has completed the purchase of all of its outstanding warrants for an aggregate purchase price of $14.5 million. The repurchase of the warrants was financed through the successful offering of $14.6 million of the Company's common stock. In addition, the Company announced that Jesse E. "Jempy" Neyman, Vice-President of Enron Principal Investments and board designee of the warrantholders, resigned from the Company's board of directors effective with the repurchase of the warrants.

24 Sep 1999

Litton Announces Completion of Avondale Acquisition

Litton Industries, Inc. announced the completion of its acquisition of Avondale Industries, Inc. for $39.50 per share in an all cash transaction valued at approximately $529 million in the aggregate. Avondale, based in New Orleans, designs, builds and overhauls ships for the U.S. Navy, the USCG and commercial customers. Avondale had revenues of approximately $750 million for the year ended December 31, 1998, and employs almost 6,000 people. "We are delighted to welcome Avondale and its employees to Litton," said Michael R. Brown, Litton chairman, president and CEO. "The merger with Avondale significantly broadens Litton's market coverage in both military surface combatants and commercial ships.

27 Jan 2000

ExxonMobil Announces Completion of $2-Billion Sable Gas Project

Exxon Mobil Corporation announced the completion of the $2-billion Sable Offshore Energy Project off the coast of Nova Scotia, Canada, with the delivery of the first sales gas into the Maritimes & Northeast Pipeline. The project consists of three offshore platforms, a 125-mile subsea pipeline, natural gas-processing and fractionation plants and a 650-mile gas sales pipeline to New England, and is consistent with ExxonMobil's strategy of increasing gas and liquids production and expanding opportunities in key markets. Initial production to the project's newly-constructed gas plant in Goldboro, Nova Scotia, commenced in mid-December and has averaged approximately 100 mcfd.