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John Nesser News

02 Jul 2013

All Coast Acquires Hercules Liftboats

Photo: All Coast

All Coast, LLC, a newly formed company for the marine services industry founded by John Powers and John Nesser III, has completed the acquisition of Hercules Offshore’s domestic liftboat assets. This $57.5 million acquisition includes 29 actively marketed liftboats ranging from class 105 to class 229, 10 inactive liftboats and additional related assets. Powers and Nesser, All Coast managers and co-chief executive officers, each have more than 40 years of experience in the oil and gas, engineering and maritime industries.

01 Jul 2013

New Firm Acquires Hercules Offshore Domestic Liftboats

All Coast, LLC, a newly formed company for the marine services industry founded by John Powers and John Nesser III, has completed the acquisition of Hercules Offshore’s domestic liftboat assets. This $57.5 million acquisition includes 29 actively marketed liftboats ranging from class 105 to class 229, 10 inactive liftboats and additional related assets. Powers and Nesser, All Coast managers and co-chief executive officers, each have more than 40 years of experience in the oil and gas, engineering and maritime industries. Throughout his career, Powers has owned and operated  numerous energy and marine services companies including Power Offshore Services, LLC; Reeled Tubing, LLC; Seatrax, LLC; and Coastal Drilling Co.

10 Nov 2010

McDermott Appoints Houser Senior VP Ops

Dan Houser, McDermott's new senior vp of operations.

McDermott International, Inc. said that Dan Houser was appointed to Senior Vice President, Operations. In this role, Houser is responsible for leading the Atlantic region and Global Marine organization at McDermott, which includes setting the strategic direction, as well as business acquisition and execution for these groups. In addition, he will be responsible for expanding the company’s activities for the region into Brazil, West Africa and the North Sea. McDermott’s Atlantic region includes fabrication facilities and marine bases in Morgan City…

13 Aug 2009

J. Ray Completes PEMEX Maloob-C

Houston-based J. Ray McDermott recently bid farewell to the Maloob-C drilling platform, built under a contract for PEMEX Exploración y Producción, Northeast Marine Region. The project is located in the Ku-Maloob-Zaap field in the Bay of Campeche, Mexico, in 264 feet of water. “This was the first project for our fabrication facility at Altamira, Mexico,” said John Nesser, J. Ray’s Executive Vice President and Chief Operating Officer. Work on the drilling platform began in February 2008. Fabrication of the two-level, 2,535-ton deck and the 3,527-ton jacket, factory testing, onshore pre-commissioning and operational testing, load out and sea fastening were all performed by J. Ray at Altamira. Additionally, more than 3,300 tons of piles were fabricated at J.

31 Jul 2009

J. Ray Upgrades Barge for Deepwater

Houston-based J. Ray McDermott, a subsidiary of McDermott International, Inc., is upgrading its primary Gulf of Mexico derrick/pipelay barge, DB50, for future deepwater projects, by adding new thrusters and increasing its electrical power supply. The DB50 will have its entire power plant replaced with new diesel-engine generator sets totaling 19.2 megawatts, new switchboards and a state-of-the-art power management/alarm system. Also, the existing four 2.4 megawatt controlled pitch thrusters will be replaced with six new 2.4 megawatt fixed pitch / variable AC drive thrusters, which will provide 44 tons of thrust each. In addition, the freshwater and saltwater cooling system and the supply/exhaust ventilation system will be upgraded in both engine and thruster machinery spaces.

04 Feb 2009

J. Ray McDermott Awarded Pemex Contract

Houston-based J. Ray McDermott, a subsidiary of McDermott International, Inc., announced the award of a contract by Pemex Exploración y Producción for transportation and installation of the Ixtal-B and Maloob-C drilling platforms. These projects are located in the Bay of Campeche, Mexico, in 216 and 272 feet of water, respectively. Contracts of this nature are typically valued at more than $40m. “This is the first installation contract Pemex has awarded directly to J. Ray and follows on the heels of our contract for the Maloob-C platform construction in December 2007,” said John Nesser, J. Ray’s Executive Vice President and Chief Operating Officer. The Ixtal-B drilling platform comprises a 1,984-ton, four-leg jacket with 2,205 tons of piles, and a 2,205-ton topside.