Latest Deep Down Inc. Stories
HOUSTON, May 15, 2013 /PRNewswire/ -- Deep Down, Inc. (the "Company") (OTCQX: DPDW), will hold a conference call and webcast on Thursday, May 16, 2013 to discuss the Company's first quarter 2013 financial results. (Logo: http://photos.prnewswire.com/prnh/20121204/LA23242LOGO) The teleconference will begin at 4:30 Eastern time (3:30 CDT) and will be hosted by Mr. Ron Smith, President and CEO, and Mr. Gene Butler, Executive Chairman and CFO. The related press release was issued on...
- Revenues Increase 26% to $6.2 million HOUSTON, May 15, 2013 /PRNewswire/ -- Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services, today reported net income of $0.2 million for the first quarter of 2013, an improvement of $0.5 million from the first quarter of 2012. (Logo: http://photos.prnewswire.com/prnh/20121204/LA23242LOGO) OPERATING RESULTS...
HOUSTON, May 7, 2013 /PRNewswire/ -- Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has received an order from a major international controls manufacturer for the manufacture and deployment of specialized short umbilical jumpers worth in excess of $1.5 million. The order is for the first phase of a large gas project on the Northwest...
HOUSTON, May 2, 2013 /PRNewswire/ - Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services is pleased to announce the formation of Deep Down Brasil, Ltda., confirming our interest in supporting the dynamic offshore oil and gas industry in Brazil. Deep Down Brasil will offer the full range of innovative subsea products and services currently offered by Deep Down...
HOUSTON, April 29, 2013 /PRNewswire/ -- Deep Down, Inc. (OTCQX: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has received a contract from a major international controls manufacturer for the manufacture of Loose Steel Tube Flying Leads (LSFL) worth in excess of $1.7 million. Additionally, there is an option to purchase additional distribution and...
HOUSTON, March 29, 2013 /PRNewswire/ -- Deep Down, Inc. (the "Company") (OTCQX: DPDW), will hold a conference call and webcast on Tuesday, April 2, 2013 to discuss the Company's 2012 financial results. (Logo: http://photos.prnewswire.com/prnh/20121204/LA23242LOGO) The teleconference will begin at 4:30 Eastern time (3:30 CDT) and will be hosted by Mr. Ron Smith, President and CEO, and Mr. Gene Butler, Executive Chairman and CFO. The related press release was issued on March 27,...
NEW YORK, March 28, 2013 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of Open, Transparent and Connected financial marketplaces, today announced that Deep Down, Inc. (OTCQX: DPDW), an oilfield services company serving the worldwide offshore exploration and production industry, has chosen to trade on OTCQX®, the best OTC marketplace with qualified companies. (Logo: http://photos.prnewswire.com/prnh/20110118/MM31963LOGO ) Deep Down will begin trading today on...
- Backlog Increases 100% to Approximately $20 million HOUSTON, March 27, 2013 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down" or the "Company"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services reported Net Loss Before Impairment of Long-Lived Assets and Joint Venture Results of $0.1 million for 2012, an improvement of $2.2 million from 2011. (Logo:...
HOUSTON, March 21, 2013 /PRNewswire/ - Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced it has completed its first steel tube umbilical for a major oil and gas operator in the Gulf of Mexico. The umbilical, which is based on Deep Down's patented non-helical design, was tested and manufactured at Deep Down's Channelview, Texas facility...
HOUSTON, March 14, 2013 /PRNewswire/ -- Deep Down, Inc. (OTC QB: DPDW) ("Deep Down"), an oilfield services company specializing in complex deepwater and ultra-deepwater oil production distribution system support services today announced that it has received an order in excess of $1.3 million for the design and manufacture of reels and cradles for a deepwater project in the Gulf of Mexico. As part of the order, Deep Down will trans-spool the customer's product onto the reels prior to...
