SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

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FORM 8-K
CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of Report (date of earliest event reported): January 27, 1997

GLOBAL INDUSTRIES, LTD.
(Exact name of registrant as specified in its charter)

LOUISIANA 2-56600 72-1212563
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification Number)

107 GLOBAL CIRCLE
LAFAYETTE, LOUISIANA
(Address of principal executive offices) 70503
(Zip Code)

Registrant's telephone number, including area code: (318) 989-0000
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ITEM 5. OTHER EVENTS.

On January 27, 1997, Global Industries, Ltd. ("Global") announce its
results for the third quarter and first nine months of fiscal 1997. Global's
release which is included herein as Exhibit 99.1 is herein incorporated by
reference.

ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.

99.1 Press release dated January 27, 1997 announcing
results for the third quarter and first nine months
of fiscal 1997.

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SIGNATURE

Pursuant to the requirements of Section 12 of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.

Dated: January 27, 1997

GLOBAL INDUSTRIES, LTD.

By: /S/ MICHAEL J. POLLOCK
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Michael J. Pollock
Vice President, Chief Financial Officer

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EXHIBIT INDEX

EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release dated January 27, 1997 announcing
results for the third quarter and first nine months of
fiscal 1997.