-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001209191-10-060090.txt : 20101214
<SEC-HEADER>0001209191-10-060090.hdr.sgml : 20101214
<ACCEPTANCE-DATETIME>20101214111717
ACCESSION NUMBER:		0001209191-10-060090
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20101210
FILED AS OF DATE:		20101214
DATE AS OF CHANGE:		20101214

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLOBAL INDUSTRIES LTD
		CENTRAL INDEX KEY:			0000895663
		STANDARD INDUSTRIAL CLASSIFICATION:	OIL, GAS FIELD SERVICES, NBC [1389]
		IRS NUMBER:				721212563
		STATE OF INCORPORATION:			LA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		P O BOX 442
		STREET 2:		8000 GLOBAL DRIVE
		CITY:			SULPHUR
		STATE:			LA
		ZIP:			70664
		BUSINESS PHONE:		3375835083

	MAIL ADDRESS:	
		STREET 1:		PO BOX 442
		STREET 2:		8000 GLOBAL DRIVE
		CITY:			SULPHUR
		STATE:			LA
		ZIP:			70664-0442

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Atkinson Peter Stuart
		CENTRAL INDEX KEY:			0001222601

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21086
		FILM NUMBER:		101249774

	MAIL ADDRESS:	
		STREET 1:		14219 FLOWER CREEK LANE
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77077

	FORMER NAME:	
		FORMER CONFORMED NAME:	ATKINSON PETER STUART
		DATE OF NAME CHANGE:	20030311
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>c09706_4x0.xml
<DESCRIPTION>MAIN DOCUMENT DESCRIPTION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2010-12-10</periodOfReport>

    <issuer>
        <issuerCik>0000895663</issuerCik>
        <issuerName>GLOBAL INDUSTRIES LTD</issuerName>
        <issuerTradingSymbol>GLBL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001222601</rptOwnerCik>
            <rptOwnerName>Atkinson Peter Stuart</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>13707 LAKESHORE WAY COVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HOUSTON</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>77077</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Executive Vice President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2010-12-10</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>47729</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>6.9175</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>182995</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F2"/>
            </securityTitle>
            <transactionDate>
                <value>2010-12-13</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>52271</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>7.0431</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>130724</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">Sale of common stock at prices ranging from $6.9181 to $6.90 per share</footnote>
        <footnote id="F2">Sale of common stock at $7.0431 per share</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Debbie Bowers, Attorney-in-fact for Peter Atkinson</signatureName>
        <signatureDate>2010-12-14</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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