Helix Energy Solutions Group, Inc. announced today that it has closed the previously announced sale of its pipelay vessel, the Caesar, to Trevaskis Ltd. Cash proceeds of approximately $108 million of the total selling price of approximately $138 million were received at closing; the Company had previously received a $30 million cash deposit for this [...]
Gulfstream Services Inc (GSI), provider of cutting edge equipment to the international oil and gas industry, has successfully completed two six figure decommissioning contracts with major oil and gas service companies, Helix Well Ops UK and Dof Subsea. The Helix contract was part of the BP North West Hutton decommissioning project where GSI tools were [...]
The U.S. Department of the Interior’s Bureau of Safety and Environmental Enforcement (BSEE), Noble Energy, Inc. and the Helix Well Containment Group (HWCG) announced Tuesday the successful completion of a full-scale deployment of critical well control equipment to assess Noble Energy’s ability to respond to a potential subsea blowout in the deepwater Gulf of Mexico. [...]
Helix Energy Solutions Group, Inc. reported net income of $1.6 million, or $0.02 per diluted share, for the first quarter of 2013 compared with net income of $65.7 million, or $0.62 per diluted share, for the same period in 2012, and a net loss of $171.6 million, or $(1.64) per diluted share, in the fourth [...]
Helix Energy Solutions Group, Inc. announced today that it has entered into a five-year contract with BP to provide well intervention services to BP in the US Gulf of Mexico with Helix’s deepwater well intervention semisubmersible vessel, the Q5000, currently being constructed in Singapore. The contract is for a minimum 270 days each year and [...]
Helix Energy Solutions Group’s Canyon Offshore subsea contracting business unit signed contracts for a new Perry XT 1500 Seabed Trenching System and two 200 horsepower Perry XLX work class ROVs, to be built by Forum Energy Technologies, Inc. The XT 1500 trencher will support Canyon Offshore’s Oil & Gas and Renewable Energy contracting operations, trenching [...]
March 12, 2013 | Posted in
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Helix Energy Solutions Group, Inc., a U.S.-based provider of subsea construction, inspection, maintenance, repair and salvage services to offshore natural gas and oil industry, has announced that effective March 1, 2013, Lloyd Hajdik will resign as Chief Accounting Officer of the Company to pursue certain opportunities available to him outside the Company. It is expected that [...]
Helix Energy Solutions Group, Inc. has closed the previously announced sale of Energy Resource Technology GOM, Inc. (ERT), the Company’s oil and gas subsidiary, to Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, a privately held Houston-based oil and gas company. Proceeds from the transaction were approximately $620 million in cash, as [...]
Helix Energy Solutions Group today announced an oil discovery at the Wang exploration well in the Phoenix Field located in Green Canyon Block 237, approximately 93 miles off the Louisiana coast. The Wang exploration well encountered more than 100 feet of high quality net oil pay. Johnny Edwards, President of Energy Resource Technology GOM (ERT), [...]
Helix Energy Solutions Group, Inc. has entered into a definitive agreement to sell Energy Resource Technology GOM, Inc. (ERT), the Company’s oil and gas subsidiary, to Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, a privately held Houston-based oil and gas company. The selling price involves a base purchase price of $610 [...]
