Research Vessels: The Fleet is In
Sea and the Baltic Sea, conducting hydrographic surveys and wreck search operations in addition to marine environmental monitoring, as well as the technical testing of navigation and radar equipment. The vessel is scheduled to enter service in early 2020. Regional Class Research Vessels Gulf Island Fabrication, Inc. subsidiary Gulf Island Shipyards, LLC, received a contract from Oregon State University (OSU) for the construction of a Regional Class Research Vessel (RCRV) with an option for two additional vessels. OSU has engaged with naval architecture and engineering firm Glosten to
Gulf Island Wins Arena GoM Rig Construction Contract
Gulf Island Fabrication, Inc. says that, through its subsidiary Gulf Island L.L.C., it has received an award letter from Arena Offshore, LP for the fabrication of two jacket/piles and topsides for Arena’s projects located in the Gulf of Mexico. Delivery for these units is set for late second quarter 2015. Revenue backlog and man-hours associated with this project will be reported in connection with the Company’s announcement of financial results for the quarter ending September 30, 2014. About the company Gulf Island Fabrication, Inc., based in Houston, Texas, is a leading fabricator
Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement
Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad. “Gulf Island is excited about the cooperation agreement signed with Bechtel which couples our fabrication expertise and specialized capabilities with one of the most respected EPC companies in the world. Together we offer a new approach to deliver offshore projects which incorporates innovative solutions and flexibility to meet and exceed client expectations and requirements
Gulf Island Fab Reports Q1 2014 Revenue Increase
Houston headquartered Gulf Island Fabrication, Inc. reported net income of $3.5 million ($0.24 earnings per share) on revenue of $134.7 million for its first quarter ended March 31, 2014, compared to net income of $2.8 million ($0.19 earnings per share) on revenue of $150.4 million for the first quarter ended March 31, 2013. The company had a revenue backlog of $271.4 million and a labor backlog of approximately 2.5 million man-hours at March 31, 2014, including commitments received through April 14, 2014, compared to a revenue backlog of $358.7 million and a labor backlog of 3.3 million man-hours
Gulf Island Fabrication Gets Walter Oil & Gas Contract LOI
Gulf Island Fabrication subsidiary, Gulf Island L.L.C., has received a Letter of Intent from Walter Oil & Gas Corporation in anticipation of a contract for the fabrication of a Jacket/Piles and Topsides for Walter’s Megalodon project at South Timbalier Block 311 in the Gulf of Mexico. Revenue backlog and man-hours associated with this project will be reported in connection with the Company’s announcement of financial results for the quarter ended September 30, 2013. Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and productio
Gulf Island Fabrication Gets Platform Contract LOI
Gulf Island Fabrication, Inc. through its subsidiary Gulf Marine Fabricators, receives a Letter of Intent from Walter Oil & Gas Corporation in anticipation of a contract for the fabrication of topsides totaling approximately 4,500 short tons. The topsides will accompany the 1200' jacket, previously awarded to Gulf Marine Fabricators, for Walter's Coelacanth Project located at Ewing Bank 834 in the Gulf of Mexico. Revenue backlog and man-hours associated with this project will be reported in connection with the Company's announcement of financial results for the quarter ended June 30, 2013.
Gulf Island Fabrication to Ink GoM Jacket Contract
Company subsidiary Gulf Marine Fabricators, gets Letter of Intent for the fabrication of a 1200’ jacket from Walter Oil & Gas Corporation. The platform jacket is for Walter Oil & Gas Corporation's Coelacanth Project located at Ewing Bank 834 in the Gulf of Mexico. Revenue backlog and man-hours associated with this project will be included in the Company’s consolidated backlog and will be reported when the Company announces its earnings results for the year ended December 31, 2012. Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore
Gulf Island Win Vaalco Energy Platform Contract
Gulf Island Fabrication, through subsidiary Gulf Island, L.L.C., contracted to provide two x 4-pile jackets & associated topsides. The platforms will be destined for Gabon, West Africa. Terms of the contract remain undisclosed. Revenue and man-hour backlog related to this project will be included in the Company’s consolidated backlog when the Company announces its earnings results for the year ended December 31, 2012. Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and production platforms, hull and/or deck sections of floating
February 2025
