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Regions Bank News

29 Dec 2016

Energy, Finance & the GoM

© Scott Bufkin / Adobe Stock

Some positive market indicators could presage an investment revival in the U.S. Gulf of Mexico – and beyond. The good news, reported by Bloomberg, is that in the third quarter of 2016, the largest oil companies increased cash from operations by nearly $26 billion. This reflects a 67 percent increase from the previous quarter and more than twice the amount of the first quarter of 2016. Exxon Mobil, Royal Dutch Shell, Chevron, Total and BP indicated that the increase was due to lower spending, increased output and rising crude prices, although the numbers were still below last year’s numbers.

18 Nov 2016

Waterways Council Elects Parker as Chairman

Tim Parker (Photo: Waterways Council)

As its Annual Meeting and Board of Directors Meeting in Cincinnati on November 15, 2016, Waterways Council, Inc. (WCI) named Tim Parker, President of Parker Towing, as its Chairman of the Board. Parker succeeds Merritt Lane, President and Chief Executive Officer, Canal Barge Company. Parker serves on the Board of Directors of Mercedes-Benz U.S. International, Inc.; as Past Chairman of the Board of the Alabama State Port Authority; Past Member of the Inland Waterways Users Board…

10 Oct 2013

ABBRA Registration 2014 Conference & Speaker Panel

The American Boat Builders & Repairers Association (ABBRA) announces its line-up of topics and speakers for the 2014 ABBRA Boatyard Business Conference. The event, which focuses strictly on issues important to boatyards, boat builders and marine service/repair businesses, will take place January 22 – 24, 2014, at the B Ocean Hotel in Fort Lauderdale, Florida, and will offer conference participants a venue to hear updates on opportunities and challenges facing the boatyard/boatbuilding marine industry sector. Registration is now open. Applicants are advised to register early to receive 2013 rates; members who register before December 8th pay only $295 and non-members pay $395. After December 8th rates will increase to $395 for members and $495 for non-members.

17 Apr 2006

LED Provides Guide to Gulf Opportunity Zone Incentives

Released this week, through the lead sponsorship of Louisiana Economic Development (LED), is a compact and comprehensive business guide to federal and state incentives initiated in the wake of hurricanes Katrina and Rita. The Louisiana Gulf Opportunity Zone Business Guide, published in conjunction with Louisiana Business Inc. and other private-sector partners, offers large and small business owners and executives a valuable primer on navigating this set of investment programs – dubbed the most aggressive package of business incentives in U.S. history. “Louisiana has extraordinary opportunities for business development and expansion right now,” said LED Secretary Michael J. Olivier.

15 May 2003

Feature: Staying the Course

Torch Offshore LLC is a Gretna, La-based integrated offshore contractor whose niche market is the installation of small diameter flow lines and related infrastructure on the Continental Shelf in the Gulf of Mexico (GOM). In 2002, the company had revenues of $68 million, laying 227 miles of pipe. Torch Offshore operates a fleet of nine vessels that lay the pipe and/or support this activity. The company is in the process of converting two large vessels that will give the company the ability to compete in the deepwater segment pf the market. "The company's strategy for the future is highly focused on the deepwater arenas of the world," said Lyle G. Stockstill, chairman of the board and chief executive officer of Torch Offshore.