Exhibit 99.1

NEWS RELEASE

For further information contact:



|                        |  |                        
|----------------------- |  | -----------------------
|Kerry J. Chauvin        |  | Robin A. Seibert       
|Chief Executive Officer |  | Chief Financial Officer
|985.872.2100            |  | 985.872.2100           





FOR IMMEDIATE RELEASE

JULY 15, 2009

GULF ISLAND FABRICATION, INC.

TO
ANNOUNCE EARNINGS RESULTS

AND QUARTERLY CONFERENCE CALL

Houma, LA  (BUSINESS WIRE)  July 15, 2009  Gulf Island Fabrication, Inc. (NASDAQ: GIFI), will announce 2009 second quarter earnings after the market close on Thursday, July 23, 2009.

The management of Gulf Island Fabrication, Inc. will hold a conference call on Friday, July 24, 2009, at 9:00 a.m. Central Time (10:00 a.m. Eastern
Time) to discuss the Companys financial results for the quarter ended June 30, 2009.

The call is accessible by webcast through CCBN and by
dialing the following:



|                                                                                                             |  |                   
|------------------------------------------------------------------------------------------------------------ |  | ------------------
|Dial In:                                                                                                     |  | 1.888.811.5441    
|                                                                                                             | 
|Webcast:                                                                                                     |  | www.gulfisland.com
|                                                                                                            
|A digital rebroadcast of the call is available two hours after the call and ending July 31, 2009 by
dialing:
|                                                                                                             | 
|Phone Number:                                                                                                |  | 1.888.203.1112    
|                                                                                                             | 
|Replay Passcode:                                                                                             |  | 9504438           

Gulf Island Fabrication, Inc., based in Houma, Louisiana, is a leading fabricator of offshore drilling and
production platforms, hull and/or deck sections of floating production platforms and other specialized structures used in the development and production of offshore oil and gas reserves. These structures include jackets and deck sections of fixed
production platforms; hull and/or deck sections of floating production platforms (such as tension leg platforms (TLPs)), SPARs, FPSOs, piles, wellhead protectors, subsea templates and various production, compressor and
utility modules, offshore living quarters, tanks and barges. The Company also provides offshore interconnect pipe hook-up, inshore marine construction, manufacture and repair of pressure vessels, heavy lifts such as ship integration and TLP module
integration, loading and offloading of jack-up drilling rigs, semi-submersible drilling rigs, TLPs, SPARs, or other similar cargo, onshore and offshore scaffolding, piping insulation services, and steel warehousing and sales.