Horizon Offshore
Horizon Offshore Announces Pemex Contract
Horizon Offshore, Inc. said that Pemex Exploracion y Produccion (Pemex) has issued a letter of award to its subsidiaries, HOC Offshore S. de R.L. de C.V. and Horizon Offshore Contractors, Inc. for the Package 'J' pipelines of the KU-MALOOB-ZAAP project offshore Mexico. The contract calls for the installation, tie-in and associated commissioning of five pipelines under the KU-MALOOB-ZAAP project in the Bay of Campeche. Horizon will utilize its lay barge Lone Star Horizon and a DP2 vessel to perform the project. Engineering and procurement of the 20" and 24" diameter line pipe will begin in February 2006 with construction scheduled to begin in May 2006. In addition to this award, the Company has recently received a change order on its current contract with Pemex that was awarded in June 2005 under the KU-MALOOB-ZAAP project.
Horizon Offshore Contract
Horizon Offshore, Inc. announced that its subsidiary, Horizon Offshore Contractors, Inc., has been awarded a contract by Williams Oil Gathering, LLC to install 49.96 miles of 20-inch oil pipeline in the U.S. Gulf of Mexico for the Mountaineer Shallow Water Pipeline System, which is a part of the Devils Tower project being constructed by Williams. Horizon will utilize the pipelay barge Lone Star Horizon and lay/bury barge Pecos Horizon for this project
Horizon Offshore Receives Southeast Asia Contract
Horizon Offshore, Inc.’s subsidiary, Horizon Marine Construction, Ltd., has been awarded a contract by Brunei Shell Petroleum Company Sdn. Bhd (BSP) to perform several installations off the coast of Brunei, beginning the second quarter of 2003. Services provided by Horizon will include project management and installation of a four-pile jacket, drilling deck, two 880-ton compressor modules, and living quarters. In addition to the structural work, Horizon will provide the installation
Horizon Offshore Reports Barge Incident
Horizon Offshore said today that one of its vessels, the lay barge Lone Star Horizon, suffered moderate damage due to a fire while at anchor off Ciudad Del Carmen, Mexico. The vessel crew was evacuated and no injuries requiring medical treatment were reported. The Lone Star Horizon had recently completed the KIX pipeline project for PEMEX, and was preparing for demobilization to the U.S. Gulf of Mexico. The fire, which was limited to the generator control room, occurred at about 3:00 p.m
Horizon Offshore Completes Refinancing
Horizon Offshore, Inc. has entered into a $77.4 million secured term facility agented by The CIT Group/Equipment Financing, Inc. The credit facility has a five year term and bears interest at LIBOR plus 4.5% per annum. The credit facility is payable in monthly installments of $0.9 million, plus interest, for the first 24 months beginning March 31, 2006 and $0.6 million, plus interest, for the next 35 months, with the remaining principal and unpaid interest due at maturity in March 2011.
Cal Dive International to Acquire Horizon Offshore
Cal Dive International, Inc. and Horizon Offshore, Inc. announced have signed a definitive merger agreement under which Cal Dive will acquire all of the outstanding shares of Horizon in a stock and cash transaction valued at approximately $650 million, including approximately $22 million of Horizon's net debt as of March 31, 2007. Cal Dive expects the combination will diversify Cal Dive's vessel fleet and services offering with the addition of complementary assets consisting of pipelay
DMT Divers Heading to Mexico
Deep Marine Technology has reached an agreement with Horizon Offshore Contractors, Inc. to supply 14 diving personnel to perform Subsea Construction Support works off the Lone Star Horizon & Canyon Horizon Barges. Working in 130 ft. of water on the 20-in. pipeline for the Marsopa project in the Bay of Campeche, the scope of work for the diving personnel include support services of construction, directional drilling, burial, and hydrostatic testing.
Horizon Offshore Reports 2001 Earnings
Horizon Offshore, Inc reported net income for the fiscal year ending December 31, 2001, of $10.7 million. This compares with a net income of $6.4 million diluted in 2000. Before recording an extraordinary charge of $0.6 million net of taxes, net income for the fiscal year ending December 31, 2001 was $11.3 million, or $0.49 per share diluted. For the three months ended December 31, 2001, Horizon reported net income of $0.4 million, or $0.02 per share diluted, on revenues of $73
OMNI Hires Mogel
OMNI Energy Service Corp. announced that Ronald D. Mogel has been named Senior Vice President and Chief Financial Officer of the Company and is expected to begin in the middle of January, 2008. Mogel joins OMNI from Horizon Offshore Inc., a Nasdaq listed company that was acquired by Cal Dive International, Inc. in December 2007 for $628 million. Mr. Mogel most recently served as Executive Vice President and Chief Financial Officer of Horizon
10,000dwt Ocean Deck Barge Sold
The 10,000dwt, Vanuatu flagged ocean flat deck barge "DRC/Blake 1" (ex- Eide Barge 35, Pacific Horizon, MB-100, SLB-1 and SLB-2) was sold to private South American buyers, marking the second time that Marcon International, Inc. of Coupeville, Washington has sold this heavily-built unit. Marcon previously sold her from Horizon Offshore of Houston, Texas to Eide Marine Services of Norway in 2004. "DRC/Blake 1's" dimensions are 100m x 30m x 7
Weizhou 6-12 Oil Field Starts Production
CNOOC Limited announced that Weizhou 6-12 oil field has recently commenced production. Weizhou 6-12 oil field is located in Beibu Gulf Basin in the north part of the South China Sea with an average water depth of about 29.2 meters. The project has 10 producing wells and is expected to hit its
Director Watson Leads Deepwater O&G Containment Exercise
As part of the Obama administration’s ongoing efforts to strengthen the oil and gas industry’s ability to respond in the event of a deepwater blowout and ensure that offshore oil and gas production can continue to expand safely and responsibly
Horizon Lines in Red, But EBITDA Rises in Q1 2013
First quarter 2013 net loss amounted to US$ 20.1 million, while rate, net of fuel, increased 1.9% & adjusted EBITDA was up 25.7% from a year ago. Sam Woodward, Horizon Lines' President and Chief Executive Officer said: "The positive factors resulting in adjusted EBITDA growth were
Subsea Well Blowout Response Tested in GofM
The Department of the Interior’s Bureau of Safety & Environmental Enforcement (BSEE), Noble Energy, Inc. and the Helix Well Containment Group (HWCG) participated in the exercise. A full-scale deployment of critical well control equipment was employed to assess Noble
FLIR Introduces MU-Series Thermal Imaging Technology
FLIR Systems, introduces the MU-Series, a thermal night vision system. The multi-sensor payload comes with a cooled midwave infrared, high-resolution 640 x 512 thermal camera and a high-resolution color camera.Other options include a low-light black and white camera to help with low-light
Deepwater Horizon Disaster: Transocean Sentenced
Transocean pleads guilty, sentenced to pay $400-million in penalties for criminal conduct leading to the disaster. Transocean Deepwater Inc. has pleaded guilty to a violation of the Clean Water Act (CWA) for its illegal conduct leading to the 2010 Deepwater Horizon disaster
Europe Deliberates Avoidance of a Second 'Deepwater Horizon'
A provisional deal on proposed legislation for the safety of offshore oil and gas operations has been struck by MEPs and Council negotiators. Before oil and gas firms can get a licence to drill, the directive would require them to submit major hazard reports and emergency response plans and prove
Horizon Lines Prefer Philadelphia Terminal to Elizabeth NJ
Horizon Lines, Inc announce it will move its northeast terminal operations to Philadelphia, Pennsylvania, from Elizabeth, New Jersey, effective April 11, 2013. After an extensive review of options and a detailed evaluation of other ports connecting the northeast to Puerto Rico
Nor-Shipping 2013 Announce Speaker Lineup
Nor-Shipping 2013 opens just three months from now with a cast of speakers featuring top executives from world-leading companies covering the entire value chain of themaritime industry – from shipowners and technology and service companies to regulators and financiers.
BSEE Completes Final Rule
As part of the Bureau of Safety and Environmental Enforcement’s (BSEE) commitment to promoting offshore safety at all levels, at all times, Director Jim Watson has announced another step in a series of efforts to further identify, address and manage operational safety hazards and impacts
BOEM Reviews Two Gulf of Mexico Oil and Gas Lease Sale Proposals
The Bureau of Ocean Energy Management released a Final Supplemental Environmental Impact Statement (SEIS) for proposed oil and gas Lease Sales 233 and 231, the third and fourth sales scheduled in the current 2012-2017 five-year program. As part of the Obama Administration’s
By the Numbers: Oil Spill Response
The Coast Guard’s Incident Specific Preparedness Review (ISPR) – January 2011 An explosion aboard the Mobile Offshore Drilling Unit Deepwater Horizon on April 20, 2010 set off a chain of events that led to its sinking and subsequent oil spill
New Navigation Technology to Show at Upcoming Nor Shipping
Germany's Raytheon Anschütz to exhibit its new, IMO-certified Synapsis Intelligent Bridge Control system & maintenance-free gyro compass Horizon MF. Horizon MF is Raytheon Anschütz’ new strap down compass system which uses Hemispherical Resonator Gyros to measure angular rates
Governor Welcomes Horizon Lines to Philadelphia
Horizon Lines relocated its Northeast port of call from Elizabeth, New Jersey to Philadelphia, to mark another milestone for the Port of Philadelphia. Led by Governor Tom Corbett and political and business leaders from across the region
The Macondo Spill Trial
Offshore U.S. Gulf energy operators have already paid a steep price; more pain could come. Drilling in the Gulf of Mexico is now close to levels seen before the April 2010 Macondo spill that took 11 lives and caused the nation’s worst offshore oil spill