Helix Energy Solutions Company News

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Helix Scraps Initial Performance Guidance
Wednesday, April 01, 2020It continues to operate seven well intervention vessels and six robotics and support vessels in six different countries.

Helix to Deploy New Rig Offshore Nigeria
Friday, November 08, 2019Pictured is Helix Energy Solutions' new Q7000 well intervention semi-submersible rig. PHOTO SOURCE: Sembcorp Marine

Helix Reports Highest Quarterly Revenue Since 2014
Tuesday, October 22, 20194Q operations will face the normal winter slowdown in the North Sea and lower rates in the Gulf of Mexico.

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

Helix Inks Petrobras Deal Offshore Brazil
Tuesday, February 11, 2014Helix 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, 2013Sembcorp 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, 2013Helix 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, 2013Helix 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, 2013Helix 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, 2012Helix 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, 2012Helix 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, 2012Helix 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, 2011Helix 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, 2010Enterprise 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, 2010Helix 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, 2010Helix 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, 2010Helix 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, 2010BP 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, 2010Helix 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, 2010Helix 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, 2010Helix 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, 2010Subsea 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, 2009BJ 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, 2009Helix 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, 2009Wood 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, 2009Helix 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, 2009Energy 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, 2009Anadarko 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, 2009Helix 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, 2009Helix 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, 2009Helix 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, 2009Helix 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, 2009Helix'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, 2009Helix 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, 2009Helix 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, 2009Helix'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, 2009Helix 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, 2009Helix 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, 2009Helix 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, 2009Helix'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, 2009Mariner has announced three discoveries in the Gulf of Mexico.

Helix Receives Redemption Notice from Fletcher International
Tuesday, January 27, 2009Helix 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, 2009Helix has entered into a definitive stock repurchase agreement with Cal Dive International.

Helix Focuses on Deepwater Construction, Well Intervention Services
Thursday, December 11, 2008Helix 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, 2008Helix 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, 2008As 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, 2008Net 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.