Global Industries, Ltd. announced the deepwater derrick/pipelay vessel Global 1200 completed its initial project in Dubai and is currently mobilizing to the U.S. Gulf of Mexico. The company has secured a significant project in Mexico which will utilize the vessel beginning in late 2011 and continuing into 2012.
Helix Energy Solutions Group, Inc. reported its well intervention revenues increased in the second quarter of 2011 due primarily to increased utilization of our vessels in both the North Sea and the Gulf of Mexico. Vessel utilization in the Gulf of Mexico increased to 93% in the second quarter of 2011 from 88% in the first quarter of 2011.
McDermott International, Inc. announced one of its subsidiaries has been awarded a fabrication contract by Shell Offshore, Inc., for the West Delta 143 “C” deck, jacket, piles, and bridge.