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Global Industries sells derrick barge Arapaho, liftboat division

Global Industries Ltd. Global Industries Ltd. has sold the derrick barge Arapaho and the company's liftboat division. The liftboat division was sold to Houston-based Hercules Liftboat Company LLC, formerly Mercury Offshore Assets LLC. According to the Securities and Exchange Commission, Global

Industries sold all 22 liftboats in its fleet, along with spare parts and other assets and real estate in Iberia Parish, to Hercules for $53.5 million. The Arapaho, an 800-ton conventional derrick barge based in the U.S. Gulf of Mexico, was sold Sept. 29 to The Woodlands, Texas-based Tetra Technologies Inc. for $21 million.

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