Owen Kratz marks his 60th birthday this year, but he's far from settling down. The CEO of Helix Energy Solutions Group, including the business unit Well Ops, including business unit Well Ops, has the global intervention business in his sights…
Aberdeen-based Helix Well Ops (Well Ops), a business unit of Helix Energy Solutions Group, Inc. (Helix ESG), has moved to a new location in Dyce, Aberdeen. The firm took on a six-year lease of the 27,682sq ft building. This is double the space it previously occupied at Helix House…
Houston-based Helix Energy Solutions is to provide Petrobras with well intervention services for a minimum four years, using two new-build vessels. The two new monohull vessels, being built at the Flensburger shipyard in Germany for Norway’s…
Helix Energy Solutions has confirmed an order for a second semisubmersible light well intervention rig from Sembcorp Marine subsidiary Jurong Shipyard. The US$346 million order is scheduled for delivery mid-2016, and will be built based…
Emas AMC’s newly converted S-lay deepwater pipelay vessel Lewek Centurion has just completed its first contract since its conversion, laying pipe for Wintershall in the Dutch sector of the North Sea. The vessel was acquired from Helix Energy Solutions in July…
Helix Energy Solutions Group, Inc. announced plans to proceed with the construction of a second newbuild semisubmersible well intervention vessel, to be named the Q7000. Owen Kratz, Helix’s President and CEO, stated, “Based on strong market…
Helix Energy Solutions Group, Inc. closed the sale of its pipelay vessel, the Caesar, to Trevaskis Ltd. Cash proceeds of approximately US$108 million of the total selling price of approximately $138 million were received at closing; the company…
Demand for well intervention services has continued to be strong in the Gulf of Mexico and North Sea, says Helix Energy Solutions. The Houston-based firm said that as well as a recent five year contract for its Q5000 semisubmersible, currently under construction in Singapore…
Helix Energy Solutions Group has encountered 100ft of high-quality net oil pay in the Wang exploration well, 93 miles off the Louisiana coast in Green Canyon block 237. Drilled to a total depth of 18,300ft, Wang will tie-back to the Helix Producer 1 FPU. First production is expected by 2Q 2013.
Helix Energy Solutions Group is selling its Caesar, Express and Intrepid pipelay vessels with related equipment in separate transactions. Coastal Trade is purchasing the Express and Caesar for US$238 million in deals expected to close next year…
While the Q4000, star of the Macondo response,was in dock recently for some much-deserved TLC, Helix Energy Solutions Group chairman and CEO Owen Kratz spoke with analysts about the company’s bet on a burgeoning well intervention market and…
BOEMRE director Michael Bromwich vows that deepwater drilling will return to the US Gulf of Mexico in the coming months, marking a return of exploration all but shut down after the Deepwater Horizon disaster. But the oil & gas industry remains skeptical…
BP has come under fierce criticism for its response to the Macondo blowout, a months-long saga of top hats, riser insertion tools and other containment efforts that only began collecting a significant portion of the oil spilling into the Gulf several weeks after the event…
BP in mid-June began collecting oil & gas from the first phase of a system that taps into the choke and kill valves on the Macondo well's failed blowout preventer. The system employs the same flow lines and manifold used in the company's unsuccessful top kill attempt in May…
firms . . .Remedial Offshore has filed for Chapter 11 bankruptcy protection, allowing the company to continue to operate its facilities and offices in the ordinary course of business. Remedial will use the financing to increase working capital…
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