GULF ISLAND FABRICATION Value Stock - Dividend - Research Selection
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Description of the company
Gulf Island Fabrication, Inc., through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures in the United States. The company fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; pressure vessels; and piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules. It also fabricates and repairs offshore supply vessels, anchor handling vessels, lift boats, tugboats, towboats, barges, and other marine vessels; constructs dry docks to lift marine vessels; undertakes conversion projects; and offers steel repair, blasting and painting, electrical systems repair, and machinery and piping system repair services, as well as propeller, shaft, and rudder reconditioning services. In addition, the company provides interconnect piping services on offshore platforms and inshore structures; and onshore and offshore scaffolding and piping insulation services. Further, it fabricates packaged skid units; offers on-site construction and maintenance services; and undertakes engineering, procurement, construction, installation, commissioning, and start-up projects. The company serves oil and gas companies and their contractors; petrochemical, marine, offshore support, offshore and inland barge, alternative energy, and diving companies; support vessel operators; and offshore construction contractors, as well as the U.S. Army Corps of Engineers, the U.S. Coast Guard, the U.S. Navy, and state and local governmental agencies and their contractors. Gulf Island Fabrication, Inc. was founded in 1985 and is headquartered in Houston, Texas.