Torches' Midnight Rider at 100% Utilization

Thursday, April 11, 2002
Torch Offshore, Inc. said that the Midnight Rider has had nearly 100% utilization since it began its first project on December 7, 2001. The Midnight Rider, a pipelay/bury barge, was purchased in June 2001 to expand the company's capabilities on the Gulf of Mexico (GOM) Shelf, both in water depth and pipeline diameter. The barge immediately entered drydock to return it to class and to make minor modifications to improve its capabilities, all completed on time and on budget. Since its introduction to the GOM Shelf, the Midnight Rider has completed 10 projects, laying and burying 196,555 ft. of pipeline. The vessel worked for a total of 102 days before returning to the dock in mid-March 2002 to make improvements on its jetting system for future projects scheduled to begin in May. During that same time period, Torch Offshore's other pipelay barges were able to maintain steady utilization as well, particularly the Midnight Brave and the Midnight Runner. Torch Offshore Chairman and CEO, Lyle Stockstill, said, "Torch Offshore purchased the Midnight Rider to expand our capabilities in our niche market, and the performance of this vessel along with our other pipelay barges has reinforced this decision. The Midnight Rider also allows the Company to work in deeper waters and with larger diameter pipelines than was previously possible. Overall, Torch Offshore is very pleased with this acquisition and its performance." Torch Offshore, Inc. currently operates a fleet of nine vessels engaged in offshore pipeline installation and subsea construction for the oil and gas industry.

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter June 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

US Oil Drillers Cut Rigs after 3 Weeks of Additions

U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices

Subsea 7 Announces PLSV Swap off Brazil

Subsea 7 S.A. said it has reached an agreement with Petrobras to substitute a pipelay support vessel (PLSV) working off Brazil.   The agreement will see the Subsea-7-owned

FPSOs Sit Unprecedentedly Idle

While the oil and gas markets are starting to come to life, nearing the $50 per barrel mark, the future fate of floating production remains a mystery   The 20

Cruise Ship Trends

Crystal Cruises Plans Return to Port Everglades

Crystal Cruises' ships will return to Broward County's Port Everglades beginning in Fall 2017, having last sailed from the port in 2006.   Beginning October 27,

Kiel is First German Port of Call for Mein Schiff 5

The brand-new TUI Cruises newbuilding Mein Schiff 5 has arrived in Kiel – her first German port of call since being handed over in Turku, Finland, a few days ago.

Kiel Welcomes P&O’s Arcadia on Maiden Call

P&O Cruises’ Arcadia berthed June 22, for her first visit ever to the Port of Kiel, arriving just as the prestigious Kieler Woche sailing regatta marked its half-way point.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Port Authority Salvage Ship Electronics Ship Simulators Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0679 sec (15 req/sec)