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, 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, 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
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
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, 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.
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, 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 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
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
Orlando, Florida-based, Comtech Systems, has received a US$2.4-million contract to install the world’s first digital over-the-horizon microwave communications system, to be used on a deep water tension-leg oil platform for a major international oil company.
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno cited 12 offshore operators for their failure to demonstrate compliance with the Safety and Environmental Management Systems (SEMS) requirements of the Workplace Safety Rule, 30 CFR Subpart S
BMT Nigel Gee (BMT), a subsidiary of BMT Group Ltd., announced its latest contract with Singapore-based Penguin Shipyard International Pte. Ltd., for the design of three 38-meter monohull high-speed passenger ferries for the busy Singapore-Indonesia ferry route.
Bibby Ship Management Group Ltd. announced the acquisition of Murray Fenton (India) Surveyors Limited. The acquisition was made via Bibby Ship Management India Pvt. Ltd., and will see India’s service offering expand into marine, cargo and offshore surveying including marine audit services
Hong Kong - CNOOC Limited (NYSE: CEO, SEHK: 00883) announced that, Wenchang 19-1 North and Weizhou 12-8 West oil fields have recently commenced production. Wenchang 19-1 North oil field is located in the western Pearl River Mouth Basin with an average water depth of about 120-130 meters
The Benefits to the Scope of Coverage in an Expanded Responder Immunity Regime are many. The response industry has been extremely supportive of a coalition effort to work with Congress to enact enhancements to the current responder immunity provisions enacted by the Oil Pollution Act of 1990
Horizon Shipbuilding, Inc. of Bayou La Batre, Ala. said it signed of a contract with long-time customer Florida Marine Transporters to build one 80’ towboat, with two option vessels. Horizon said that FMT has been a customer for nearly seven years
Horizon shipbuilding, Inc. announced that it has been awarded a contract by the U.S. Army Corps of Engineers (USACE), Little Rock District, to build the M/V Shorty Baird Replacement, a 95' Z-drive towboat. This is the latest of three recent USACE contracts, having delivered the M/V George Grugett
The deepsea soft-sediment ecosystem in the immediate area of the 2010’s Deepwater Horizon well head blowout and subsequent oil spill in the Gulf of Mexico will likely take decades to recover from the spill’s impacts, according to a scientific paper reported by the online
Halliburton Pleads Guilty to Destruction of Evidence in Connection with Deepwater Horizon Disaster and Is Sentenced to Statutory Maximum Fine; Former Halliburton Manager Is Charged. Halliburton Energy Services Inc. (Halliburton) pleaded guilty today to destroying evidence pertaining to
It has been over three years since the tragic accident occurred aboard the Deepwater Horizon on April 20, 2010. The industry and the relevant federal agencies have done much to put in place improved safeguards to prevent such an accident – which left 11 dead and 17 injured – from
NSR's Maritime Satellite Markets report projects the market is entering the next phase of development aided by higher bandwidth offerings, increased regulations and a more demanding addressable market. In total, NSR forecasts the maritime satcom market to generate almost $4 Billion in revenues
The motor vessel George C. Grugett was delivered August 9, 2013 by Horizon Shipbuilding, Inc. to the U.S. Army Corps of Engineers (USACE) in Memphis, Tenn. This is the second vessel in two years that Horizon has built for the Army Corps. The USACE designated that Hull 776 be named George C
Secretary Jewell Names Former USCG Vice Admiral Brian Salerno Director of the Bureau of Safety and Environmental Enforcement. Secretary of the Interior Sally Jewell today named former Vice Admiral Brian Salerno as the Director of the Bureau of Safety and Environmental Enforcement (BSEE)
Oceania Cruises announced that Regatta, Insignia and Nautica, its trio of R-Class ships, will undergo a transformation starting early next year in what the company said is the largest refurbishment program in its history. The ships will receive a $50 million upgrade in a six-week timeframe that