Legacy of Excellence
Although Gulf Island was founded in 1985, our history dates back to 1947 when Alden J. "Doc" Laborde worked on the first offshore oil and gas well in the Gulf of Mexico. In 1953, Laborde revolutionized the oil and gas industry by designing the world's first offshore mobile drilling rig.
During the downturn in the oil and gas industry in 1985, Mr. Laborde purchased a fabrication facility in Louisiana and co-founded Gulf Island to build offshore oil-drilling platforms.
After years of sustained growth, Gulf Island went public in 1997 (NASDAQ: GIFI) and we quickly established ourselves as a leader in the fabrication of offshore and onshore structures for the oil and gas and alternative energy industries. We further expanded our capabilities to include the construction of marine vessels and became a provider of project management, hookup, commissioning, repair, maintenance and civil construction services.