TCMS which has to be one of the best or possibly the best value in this sector, has got some news today:
Comments on TCMS and where its price is?
TransCoastal Announces Upgrades to Pipelay Barge BH 400
HOUSTON--(BUSINESS WIRE)--May 12, 1998--TransCoastal Marine Services Inc. (Nasdaq:TCMS - news) announced today that it has completed extensive upgrades to its pipelaying barge ''BH 400,'' extending its capabilities to lay concrete-coated pipe as large as 44 inches in diameter.
Upgrades include a new Power Dynamics 50-kip tension machine, enlarged welding stall covers, a hydraulic pipeline conveyor system, half-track rollers and a 26 x 26-foot helideck. A new fixed stinger was installed, and the stern departure ramp was widened from 8 feet to 12 feet.
''The extended capabilities of the 'BH 400' greatly increase the flexibility we have with our fleet,'' said Bill Stallworth, chairman and CEO. ''As the need arises, we will continue to upgrade our fleet to better serve our clients.''
The ''BH 400'' is currently laying 15 miles of 36-inch concrete-coated pipe in water depths from 6 to 48 feet in the Gulf of Mexico for Destin Pipeline Co. L.L.C., a consortium of Shell, Amoco and Sonat. On May 18, it will begin work for Transcontinental Gas Pipe Line Corporation, laying 5.8 miles of 30-inch pipe from Mobile Area Block 822 to the Alabama shore.
TransCoastal Marine Services Inc., headquartered in Houston, is a marine construction company. Its services include pipeline installation and repair, primarily in the transition zone and shallow-water regions along the U.S. Gulf Coast. For all water depths, the company performs hydrostatic testing and commissioning of pipelines, plus fabrication and refurbishment of offshore drilling rigs, barge drilling rigs and structural components of fixed platforms.
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Contact:
TransCoastal Marine Services Inc., Houston
Johnnie W. Domingue, 713/787-1375 |
