Helix Energy Solutions Company News

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GOM P&A Work Goes to Helix
Wednesday, January 23, 2019 The work will occur at operating depths associated with the Droshky Prospect, Helix stated.

Helix Inks Petrobras Deal Offshore Brazil
Tuesday, February 11, 2014 Helix Energy Solutions enters into agreements with Petrobras to provide well intervention services offshore Brazil.

Jurong Shipyard Bags $346M Deal to Build Well Intervention Rig for Helix
Thursday, September 12, 2013 Sembcorp Marine's unit Jurong Shipyard bags a contract, worth $346 million, to build a semisubmersible well intervention rig for Helix Energy Solutions.

Helix to Build Additional Newbuild Semisub
Wednesday, July 31, 2013 Helix Energy is adding a second newbuild semisub well intervention vessel to its fleet.

Helix to Provide BP Well Intervention Services in Gulf of Mexico
Thursday, April 04, 2013 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.

Helix Finalizes ERT Sale
Wednesday, February 06, 2013 Helix Energy Solutions closes the previously announced sale of Energy Resource Technology GOM, Inc. (ERT) to Talos Production LLC.

Deep Gulf Strikes Oil in GOM
Monday, July 16, 2012 Helix Energy Solutions Group announces an oil discovery at the Danny II exploration well at the Bushwood Field located in Garden Banks Block 506.

Helix Energy Solutions Awards Newbuild Construction to Jurong Shipyard
Monday, March 12, 2012 Helix Energy has signed a contract with Sembcorp Marine for the construction of its newbuild semisub well intervention vessel.

Helix Energy Solutions Proceeds with Newbuild Semisub Plans
Thursday, February 16, 2012 Helix Energy Solutions Group, Inc. announced that it is proceeding with the construction of a newbuild semisubmersible well intervention vessel.

Helix 1Q Earnings Increase on Oil Prices
Tuesday, April 26, 2011 "Increased oil production combined with higher oil prices resulted in increased earnings and cash flow for Helix," commented Owen Kratz.

Helix, Industry Players Ink Deepwater Containment Deal
Friday, January 21, 2011 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.

Enterprise Products Restarts Independence Hub
Wednesday, November 17, 2010 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.

Phoenix Rises for Helix
Thursday, October 21, 2010 Helix Energy Solutions Group has commenced oil and gas production from its Phoenix field in the deepwater Gulf of Mexico.

Helix Updates O&G Divestment Efforts, Mid Year Reserves
Friday, July 02, 2010 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.

Helix Contracted for GOM Spill Response
Monday, June 14, 2010 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.

Cofferdam Begins Descent
Friday, May 07, 2010 BP on Thursday began lowering the containment dome at the site of the leaking Macondo well, approximately 5,000 feet below the surface.

Helix Selects EFC for Well Enhancer Design Services
Tuesday, April 06, 2010 Helix Well Ops has contracted EFC to design and supply riser handling and additional storage solutions for the company's Well Enhancer vessel.

Helix Energy Solutions to Divest Entire O&G Business
Monday, March 08, 2010 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.

Helix Reports 4Q Results; Starts Up Danny Field in GOM
Thursday, February 25, 2010 "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.

Helix, Clough Team Up for Asia Pacific Subsea Services
Tuesday, February 09, 2010 Helix Energy Solutions Group announces the formation of a joint venture with Australian based engineering and construction company Clough Limited.

CSL to Decommission Tristan North West in UK North Sea
Tuesday, January 12, 2010 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.

BJ Services Wraps Up Major Contract in Offshore KG-D6 Field
Wednesday, December 16, 2009 BJ Services Company has completed a major contract to provide a range of precommissioning services for Helix Energy Solutions Group offshore India.

Well Enhancer Completes Work for Nexen's Buzzard Field
Tuesday, December 15, 2009 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.

Wood Group Provides Offshore Personnel for Helix Producer I
Tuesday, December 08, 2009 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.

Helix ESG's New Pipelay Vessel Sets Sail for Gulf of Mexico
Tuesday, December 01, 2009 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.

ERT Confirms Hydrocarbon Discovery in Deepwater GOM
Tuesday, December 01, 2009 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.

Independence Hub Ramps Back Up to Pre-Shut Levels
Friday, November 13, 2009 Anadarko reported Friday that the Independence Hub is producing at pre-shut in rates near 700 million cubic feet per day of natural gas.

Helix Posts Net Income of $3.9MM for Third Quarter 2009
Thursday, October 29, 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.

Helix Extends Terms of Revolving Credit Facility
Monday, October 12, 2009 Helix has successfully extended its revolving credit facility from July 1, 2011 to November 30, 2012.

Helix Prices Secondary Public Offering of Cal Dive Common Stock
Friday, September 18, 2009 Helix Energy Solutions announcedthat its secondary offering of 20,604,317 shares in Cal Dive was priced at $10.00 per share.

Helix Commences Secondary Public Offering of Cal Dive Stock
Monday, September 14, 2009 Helix Energy Solutions has commenced an underwritten secondary public offering of 20,604,317 shares of common stock of its subsidiary, Cal Dive International.

Helix Begins Pipeline Manufacture at New GOM Shore Base
Friday, August 21, 2009 Helix Energy Solutions has begun pipeline fabrication operations at its full-service deepwater support base on the Intercoastal Waterway in Ingleside, Texas.

Helix Exits Second Quarter with Higher Profits
Thursday, July 30, 2009 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.

Helix Underscores Share Repurchase Plan
Tuesday, June 23, 2009 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.

Helix Completes Thunder Hawk PLET Installation in Deepwater GOM
Thursday, June 11, 2009 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.

Helix Prices Secondary Public Offering of Cal Dive Common Stock
Friday, June 05, 2009 Helix's secondary offering of 20 million shares in its majority owned subsidiary, Cal Dive International, was priced at $8.50 per share.

Helix ESG Finishes Methane Gas Hydrate Slimhole Drilling Project in GOM
Wednesday, June 03, 2009 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.

Helix to Commence Secondary Public Offering of Cal Dive Common Stock
Monday, June 01, 2009 Helix Energy Solutions intends to commence an underwritten secondary public offering of 20 million shares of its majority owned subsidiary, Cal Dive International, Inc.

Helix Sells Subsurface Reservoir Consulting Business
Tuesday, April 28, 2009 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.

Gulf Hurricanes Weaken Helix's O&G Financial Results
Wednesday, February 25, 2009 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.

Mariner Scores 3: Oil, Gas Unlocked in Gulf of Mexico
Monday, February 02, 2009 Mariner has announced three discoveries in the Gulf of Mexico.

Helix Receives Redemption Notice from Fletcher International
Tuesday, January 27, 2009 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.

Helix Enters into Stock Repurchase Agreement with Cal Drive
Monday, January 26, 2009 Helix has entered into a definitive stock repurchase agreement with Cal Dive International.

Helix Focuses on Deepwater Construction, Well Intervention Services
Thursday, December 11, 2008 Helix intends to focus and shape the future direction of the Company around its deepwater construction and well intervention services.

Helix Comments on Stock Price
Thursday, November 20, 2008 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.

Helix to Restore GOM Production to Pre-Storm Levels by Year-End
Wednesday, November 19, 2008 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.

Hurricanes Slash Helix's Earnings in Third Quarter
Thursday, October 30, 2008 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.

Helix Says Four Shelf Platforms Sustain Extensive Damage
Tuesday, September 23, 2008 Helix Energy Solutions has identified four Gulf of Mexico shelf production platforms plus certain other production assets that sustained extensive damage due to Hurricane Ike.

Mariner Ups Production in GOM's Bass Lite Deepwater Field
Wednesday, August 27, 2008 Mariner has completed the primary production system for its Bass Lite deepwater field in the Gulf of Mexico, which allows production of up to 130 million cubic feet of natural gas per day from the two wells.

Helix Scoops up $90.9MM in Second Quarter
Thursday, July 31, 2008 Helix Energy Solutions reported second quarter net income of $90.9 million, or $0.96 per diluted share. This compares to net income of $57.7 million, or $0.61 per diluted share, reported for the second quarter of 2007.