Helix Energy Solutions Company News

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Helix Scraps Initial Performance Guidance
It continues to operate seven well intervention vessels and six robotics and support vessels in six different countries.
8:00 PM EST | March 31, 2020
Helix to Deploy New Rig Offshore Nigeria
Pictured is Helix Energy Solutions' new Q7000 well intervention semi-submersible rig. PHOTO SOURCE: Sembcorp Marine
7:00 PM EST | November 07, 2019
Helix Reports Highest Quarterly Revenue Since 2014
4Q operations will face the normal winter slowdown in the North Sea and lower rates in the Gulf of Mexico.
8:00 PM EST | October 21, 2019
GOM P&A Work Goes to Helix
The work will occur at operating depths associated with the Droshky Prospect, Helix stated.
7:00 PM EST | January 22, 2019
Helix Inks Petrobras Deal Offshore Brazil
Helix Energy Solutions enters into agreements with Petrobras to provide well intervention services offshore Brazil.
7:00 PM EST | February 10, 2014
Jurong Shipyard Bags $346M Deal to Build Well Intervention Rig for Helix
Sembcorp Marine's unit Jurong Shipyard bags a contract, worth $346 million, to build a semisubmersible well intervention rig for Helix Energy Solutions.
8:00 PM EST | September 11, 2013
Helix to Build Additional Newbuild Semisub
Helix Energy is adding a second newbuild semisub well intervention vessel to its fleet.
8:00 PM EST | July 30, 2013
Helix to Provide BP Well Intervention Services in Gulf of Mexico
Helix announces it has entered into a five-year contract with BP to provide well intervention services to BP in the US Gulf of Mexico.
8:00 PM EST | April 03, 2013
Helix Finalizes ERT Sale
Helix Energy Solutions closes the previously announced sale of Energy Resource Technology GOM, Inc. (ERT) to Talos Production LLC.
7:00 PM EST | February 05, 2013
Deep Gulf Strikes Oil in GOM
Helix Energy Solutions Group announces an oil discovery at the Danny II exploration well at the Bushwood Field located in Garden Banks Block 506.
8:00 PM EST | July 15, 2012
Helix Energy Solutions Awards Newbuild Construction to Jurong Shipyard
Helix Energy has signed a contract with Sembcorp Marine for the construction of its newbuild semisub well intervention vessel.
8:00 PM EST | March 11, 2012
Helix Energy Solutions Proceeds with Newbuild Semisub Plans
Helix Energy Solutions Group, Inc. announced that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel.
7:00 PM EST | February 15, 2012
Helix 1Q Earnings Increase on Oil Prices
"Increased oil production combined with higher oil prices resulted in increased earnings and cash flow for Helix," commented Owen Kratz.
8:00 PM EST | April 25, 2011
Helix, Industry Players Ink Deepwater Containment Deal
Helix has executed agreements for its Helix Fast Response System to be named as a spill response resource for the U.S. GOM in response plans submitted by O&G producers with state and federal authorities.
7:00 PM EST | January 20, 2011
Enterprise Products Restarts Independence Hub
Enterprise Product Partners (EPD) restarted its Independence Hub natural gas platform on Tuesday after scheduled maintenance that began the past weekend, the company said Wednesday.
7:00 PM EST | November 16, 2010
Phoenix Rises for Helix
Helix Energy Solutions Group has commenced oil and gas production from its Phoenix field in the deepwater Gulf of Mexico.
8:00 PM EST | October 20, 2010
Helix Updates O&G Divestment Efforts, Mid Year Reserves
Helix is finalizing its proved reserve estimate for June 30, 2010 in conjunction with its regular mid-year review as well as its evaluation of the Company's O&G assets in preparation of any potential divestment of its O&G business.
8:00 PM EST | July 01, 2010
Helix Contracted for GOM Spill Response
Helix announced that its Floating Production Unit, the Helix Producer I (HPI), has been contracted by BP to assist in BP's GOM oil spill response operations.
8:00 PM EST | June 13, 2010
Cofferdam Begins Descent
BP on Thursday began lowering the containment dome at the site of the leaking Macondo well, approximately 5,000 feet below the surface.
8:00 PM EST | May 06, 2010
Helix Selects EFC for Well Enhancer Design Services
Helix Well Ops has contracted EFC to design and supply riser handling and additional storage solutions for the company's Well Enhancer vessel.
8:00 PM EST | April 05, 2010
Helix Energy Solutions to Divest Entire O&G Business
Helix Energy Solutions is engaging financial advisors to assist the Company in evaluating the strategic alternatives available for a complete divestment of its oil and gas business.
7:00 PM EST | March 07, 2010
Helix Reports 4Q Results; Starts Up Danny Field in GOM
"Production from our Danny oil field commenced in early February and with the completion of third party pipeline repairs, we have increased production from the Noonan gas field," noted Helix CEO Owen Kratz.
7:00 PM EST | February 24, 2010
Helix, Clough Team Up for Asia Pacific Subsea Services
Helix Energy Solutions Group announces the formation of a joint venture with Australian based engineering and construction company Clough Limited.
7:00 PM EST | February 08, 2010
CSL to Decommission Tristan North West in UK North Sea
Subsea engineering and project management company CSL was awarded a contract to decommission the Tristan North West development, located in block 49/29b of the UK Southern North Sea.
7:00 PM EST | January 11, 2010
BJ Services Wraps Up Major Contract in Offshore KG-D6 Field
BJ Services Company has completed a major contract to provide a range of precommissioning services for Helix Energy Solutions Group offshore India.
7:00 PM EST | December 15, 2009
Well Enhancer Completes Work for Nexen's Buzzard Field
Helix Well Ops UK's newest addition to its global well intervention fleet, Well Enhancer, has successfully completed her inaugural well intervention project for Nexen Petroleum UK on the Buzzard S2 well in the North Sea.
7:00 PM EST | December 14, 2009
Wood Group Provides Offshore Personnel for Helix Producer I
Wood Group has been selected by Helix Energy Solutions to provide commissioning services and offshore personnel for the Helix Producer I, the first ship-shaped floating production unit in the U.S. Gulf of Mexico.
7:00 PM EST | December 07, 2009
Helix ESG's New Pipelay Vessel Sets Sail for Gulf of Mexico
Helix ESG's new deepwater pipelay vessel, Caesar, departed the shipyard in China on November 28, and is transiting to the Gulf of Mexico where she will join the company's subsea construction fleet.
7:00 PM EST | November 30, 2009
ERT Confirms Hydrocarbon Discovery in Deepwater GOM
Energy Resource Technology has provided an update on the deepwater oil and gas discovery at the Wide Berth (Jake) prospect, located in Green Canyon Block 490.
7:00 PM EST | November 30, 2009
Independence Hub Ramps Back Up to Pre-Shut Levels
Anadarko reported Friday that the Independence Hub is producing at pre-shut in rates near 700 million cubic feet per day of natural gas.
7:00 PM EST | November 12, 2009
Helix Posts Net Income of $3.9MM for Third Quarter 2009
"Helix's third quarter results were impacted by lower oil and gas production due to a variety of third party pipeline and infrastructure issues," noted President and CEO Owen Kratz in the company's third quarter results.
8:00 PM EST | October 28, 2009
Helix Extends Terms of Revolving Credit Facility
Helix has successfully extended its revolving credit facility from July 1, 2011 to November 30, 2012.
8:00 PM EST | October 11, 2009
Helix Prices Secondary Public Offering of Cal Dive Common Stock
Helix Energy Solutions announcedthat its secondary offering of 20,604,317 shares in Cal Dive was priced at $10.00 per share.
8:00 PM EST | September 17, 2009
Helix Commences Secondary Public Offering of Cal Dive Stock
Helix Energy Solutions has commenced an underwritten secondary public offering of 20,604,317 shares of common stock of its subsidiary, Cal Dive International.
8:00 PM EST | September 13, 2009
Helix Begins Pipeline Manufacture at New GOM Shore Base
Helix Energy Solutions has begun pipeline fabrication operations at its full-service deepwater support base on the Intercoastal Waterway in Ingleside, Texas.
8:00 PM EST | August 20, 2009
Helix Exits Second Quarter with Higher Profits
Helix's well operations business experienced increased revenues in the second quarter of 2009 compared with the first quarter of 2009 due to improved utilization.
8:00 PM EST | July 29, 2009
Helix Underscores Share Repurchase Plan
Helix intends to purchase up to 1.5 million shares of the Company's common stock as permitted by the Company's principal credit facility.
8:00 PM EST | June 22, 2009
Helix Completes Thunder Hawk PLET Installation in Deepwater GOM
Helix Energy Solutions successfully completed installation of two 86-ton pipeline-end-termination modules as a prelude to initiating production on Murphy Oil's Thunder Hawk development in the deepwater Gulf of Mexico.
8:00 PM EST | June 10, 2009
Helix Prices Secondary Public Offering of Cal Dive Common Stock
Helix's secondary offering of 20 million shares in its majority owned subsidiary, Cal Dive International, was priced at $8.50 per share.
8:00 PM EST | June 04, 2009
Helix ESG Finishes Methane Gas Hydrate Slimhole Drilling Project in GOM
Helix ESG announced that its unique multi-service vessel, the Q4000, has successfully finished a 21-day deepwater drilling project in the Gulf of Mexico, in support of a Methane Hydrates Joint Industry Program.
8:00 PM EST | June 02, 2009
Helix to Commence Secondary Public Offering of Cal Dive Common Stock
Helix Energy Solutions intends to commence an underwritten secondary public offering of 20 million shares of its majority owned subsidiary, Cal Dive International, Inc.
8:00 PM EST | May 31, 2009
Helix Sells Subsurface Reservoir Consulting Business
Helix Energy Solutions announced the sale of Helix RDS, its subsurface reservoir consulting business based in Aberdeen, Scotland, to a subsidiary of Baker Hughes Incorporated for $25 million.
8:00 PM EST | April 27, 2009
Gulf Hurricanes Weaken Helix's O&G Financial Results
Helix's fourth quarter results reported large non-cash impairments and other charges totaling $935 million (pre-tax,) plus weak results in its oil and gas business due to shut-in production from Hurricane Ike.
7:00 PM EST | February 24, 2009
Mariner Scores 3: Oil, Gas Unlocked in Gulf of Mexico
Mariner has announced three discoveries in the Gulf of Mexico.
7:00 PM EST | February 01, 2009
Helix Receives Redemption Notice from Fletcher International
Helix has received a redemption notice from Fletcher International Ltd., the holder of its Series A-1 Cumulative Convertible Preferred Stock and its Series A-2 Cumulative Convertible Preferred Stock.
7:00 PM EST | January 26, 2009
Helix Enters into Stock Repurchase Agreement with Cal Drive
Helix has entered into a definitive stock repurchase agreement with Cal Dive International.
7:00 PM EST | January 25, 2009
Helix Focuses on Deepwater Construction, Well Intervention Services
Helix intends to focus and shape the future direction of the Company around its deepwater construction and well intervention services.
7:00 PM EST | December 10, 2008
Helix Comments on Stock Price
Helix remains committed to generating value for its shareholders, which in the short term means the Company is focused on restoring its oil and gas production, completing its capital projects, generating free cash flow and reducing debt levels.
7:00 PM EST | November 19, 2008
Helix to Restore GOM Production to Pre-Storm Levels by Year-End
As of November 19, 2008, oil and gas production by Helix has increased to approximately 50% of its 160 mmcfe/day production levels prior to hurricanes Gustav and Ike, with restoration to pre-storm levels expected by the end of December.
7:00 PM EST | November 18, 2008
Hurricanes Slash Helix's Earnings in Third Quarter
Net income for Helix's third quarter of 2008 was negatively impacted by shut-in oil and gas production resulting from both Hurricanes Gustav and Ike.
8:00 PM EST | October 29, 2008