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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


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


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.


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

Marcon_Sale.jpg

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


Horizon Names Hotz VP, Business Development

John Hotz (Photo: Horizon Shipbuilding)

Bayou La Batre, Ala. shipbuilder Horizon Shipbuilding, Inc. said it has hired John Hotz as Vice President of Business Development. Hotz brings to the role industry experience and a background in business development, having worked within the commercial and government marine sector throughout


Digital Tech Turning Around Marine Prospects in Uncertain Waters

Digital solutions help to de-risk decisions, bring practical, actionable insights into vessel and fleet performance and provide proven opportunities to optimize operations in a sustainable way. (Image: GE Marine)

The start of every year calls for time to reflect on the last. The offshore and marine industry can look back on 2016 as one of the most bruising in recent memory. The downturn has been tough and drawn out, with increased divestment, more stringent environmental regulations and a prolonged


LR Demand Difficulties

Graph: E.A. Gibson Shipbrokers Ltd

 There has always been a compelling story being told about how larger product carriers are the future, in particular the LR2s, says Gibsons Weekly Tanker Report.   However, the sector has had a particularly challenging few months


Lloyd’s Register Sets Its Sights Subsea

Andrew Inglis (Photo: Lloyds Register)

Eying a subsea sector rebound, Lloyd’s Register (LR) aims to bring its expertise to underwater operations in offshore oil and gas as well as wind farm power generation and submarine cable markets.   The provider of integrity, compliance and specialist risk consulting services has


Horizon Signs Remaining Options for NYC Ferry Builds

Photo: Horizon Shipbuilding

Horizon Shipbuilding, Inc. said it has been awarded five additional citywide ferries by HNY Ferry Fleet, LLC. The award brings the total ferries Horizon is building to 13 and completes the initial 19 boat citywide ferry contract. Two of the five vessels will be delivered as part of the 2017 package


Exploration In The US Gulf Of Mexico

Graph: Clarksons Research

 49 ultra-deepwater field discoveries have been made in the last decade in the US Gulf of Mexico (GoM), says Clarksons Research.   Offshore E&P in the US GoM began in the 1930s, picking up pace in the 1950s. By the end of 1975


NYC Ferries: A Collaborative Approach

Photo: Metal Shark

Innovative boats, unusual collaboration: Hornblower, Horizon, Incat Crowther and Metal Shark team up on one of the most significant newbuilding projects of the year.   When New York City Mayor Bill de Blasio earlier this year announced the selection of Hornblower to operate as many as 20


Cat EPA Tier 4 Engines for McAllister Tug Duo

Horizon Shipbuilding is in the process of installing the first production EPA Tier 4 certified units of its 3516E EPA CAT Marine engines, on a pair of tugs it is building for McAllister Towing & Transportation Co., Inc.   The pair of 100 foot azimuth stern-drive (ASD) escort and rescue


GNH to Expand Oerations in Northern UAE

 Gulf Navigation Holding (GNH) announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building


Horizon Towboat for Florida Marine

The nineteenth vessel delivered to FMT  Photo Horizon Shipbuilding

Horizon Shipbuilding, Inc. of Bayou La Batre, Alabama has delivered the M/V A.B. York, a 120’ towboat, to its longtime customer Florida Marine Transporters (FMT).This is the nineteenth vessel delivered to FMT by Horizon and the ninth 120’ towboat.


Superstructure Completed for First of NYC’s New Ferries

Photo: Edwin Mackey / Hornblower

Officials from Hornblower and the New York City Economic Development Corporation (NYCEDC) toured the Horizon Shipyard facility Wednesday morning and received an update on construction, which is on schedule, and inspected the first completed citywide ferry superstructure


Marlink Secures Global Intelsat EpicNG Maritime Coverage

Marlink is a long-standing Intelsat S.A. customer, with services on multiple Intelsat satellites and the IntelsatOne terrestrial network, has signed an agreement for high-throughput connectivity from Intelsat’s Horizons 3e satellite.  


National Response Corporation Acquires Boom-Tech

Paul Taveira (Photo: NRC)

National Response Corporation has acquired Boom Technology, Inc. (Boom-Tech), of Gorham, Maine effective Monday, November 7, 2016.  Boom-Tech has been a contractor to NRC for many years, providing support for a variety of environmental, industrial


Paragon Offshore Eyes Options after Court Denies Bankruptcy Plan

Paragon Offshore Plc said on Friday it was evaluating its options after a U.S. judge rejected the offshore rig contractor's plan to exit bankruptcy, an unusual setback for a corporate Chapter 11 proceeding.   In an oral ruling in U.S. Bankruptcy Court in the District of Delaware


Smith Berger Tow Pins Lead the Way

Smith Berger Marine, Inc. said it has been selected by Edison Chouest Offshore to design and manufacture the Tow Pin Stern Roller units required on its nine new vessels, including five escort tugs and four docking tugs.   Edison Chouest is building the new tugs in order to execute a 10-year






 
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