Welcome!

Premium Services
- My Services
- None
- Other Services
- Champion Funds
- Duke Street
- Global Gains
- Hidden Gems
- Income Investor
- Inside Value
- Million Dollar Portfolio
- Motley Fool Options
- Motley Fool Pro
- Pay Dirt
- Ready-Made Millionaire
- Rule Breakers
- Rule Your Retirement
- Stock Advisor
- *Get a Fool Credit Card

Help Join Now or

Updated: 11/9/2009 4:03 PM					Sponsored by:
	DOW	10226.94	203.52	2.03%
	S&P 500	1093.07	23.77	2.22%
	NASD	2154.06	41.62	1.97%

Global Industries wins Chevron Thailand contract

By Associated Press
March 18, 2009 | Comments (0)

Recs

0

Oil services company Global Industries Ltd. said Wednesday that its Thailand subsidiary will install platforms and pipelines for Chevron as part of the development of hydrocarbon reserves within the Gulf of Thailand.

The contract with Chevron Offshore (Thailand) Ltd. and Chevron Thailand Exploration and Production Ltd. is valued at about $44 million and is scheduled to begin in May. Completion is expected by October.

Global Industries Offshore (Thailand) Ltd. will use its Comanche barge for the project, which will be in depths of 180 feet to 243 feet.

Global Industries shares, which have traded between $2.09 and $20.04 during the past year, fell 3 cents to $3.42 Wednesday morning.

Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment icon found on every comment.

Be the first one to comment on this article.

Compare Brokers

DocumentId: 854138, ~/Articles/ArticleHandler.aspx, 11/9/2009 6:43:46 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.