Tetra Technologies acquired the Global Arapaho derrick barge from Global Industries for $21 million. The 800-ton conventional derrick barge is based in the Gulf of Mexico. The deal enhances Tetra ...

Chief executive Geoffrey Hertel said: "The acquisition of the Arapaho reflects our confidence in the long-term growth of the well abandonment and decommissioning market on the Gulf Coast." ...

Tetra operates two derrick barges in the US Gulf, primarily for removing decommissioned platform decks and jackets. Tetra purchased the Arapaho from Global Industries in 2004. Then in 2006 it ...