Welcome to our dedicated page for Helix Energy Solutions Group news (Ticker: HLX), a resource for investors and traders seeking the latest updates and insights on Helix Energy Solutions Group stock.
Helix Energy Solutions Group, Inc. (symbol: HLX) is a prominent offshore energy services company, with a rich history dating back to the 1960s. Founded by pioneering oilfield divers, the company has been instrumental in advancing the offshore industry. Today, Helix specializes in addressing complex offshore challenges with a fleet of superior vessels that operate in subsea fields across all major producing regions globally.
Helix is renowned for its diversified operations, which include the management of its own offshore oilfields and the laying of thousands of miles of pipelines in the Gulf of Mexico. The company also provides an extensive range of specialized work-class ROVs (Remotely Operated Vehicles), making it a preferred partner for other oil companies worldwide. Additionally, Helix is the leading contractor for live well intervention, a service that has positioned the company as the industry's foremost solution for containing potential subsea oil spills.
Helix’s business is categorized into four primary segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment.
- Well Intervention: This segment includes vessels and equipment used for well intervention services in the Gulf of Mexico, the North Sea, and Brazil. Helix’s expertise in this area is a vital component of its service offerings.
- Robotics: Helix’s robotics operations leverage advanced technology to provide critical support in subsea environments, enhancing operational efficiency and safety.
- Production Facilities: This segment focuses on the management and operation of offshore production facilities, contributing to the company’s robust revenue stream.
- Shallow Water Abandonment: Helix also handles the abandonment of shallow water operations, ensuring environmentally responsible decommissioning of offshore installations.
Helix derives the majority of its revenue from operations in the United States, particularly in the Gulf of Mexico. The company also has significant operations in Brazil, the North Sea, Asia Pacific, and West Africa, reinforcing its position as a global leader in offshore energy services.
The latest news from Helix Energy Solutions Group reflects the company’s ongoing commitment to innovation and operational excellence. Stay updated with Helix’s latest developments and performance metrics, which underscore its industry leadership and future growth potential.
Helix Energy Solutions Group (NYSE: HLX) will release its first quarter 2022 results on April 25, 2022, after market close. The results and presentation will be accessible via the company's website. A review of these results is scheduled for April 26, 2022, at 9:00 a.m. CT, through a live webcast and teleconference. Interested participants can dial in for the call. Helix specializes in offshore energy services, emphasizing well intervention and robotics operations.
Helix Energy Solutions Group, Inc. (NYSE: HLX) has secured a multi-year contract with Shell Offshore Inc. for Well Intervention services in the Gulf of Mexico, starting in March 2022. This three-year contract includes an expected utilization of 75 days per year, with options for more days. Helix will deploy either the Q4000 or Q5000 vessels, providing comprehensive services including well intervention, decommissioning, and subsea operations. The contract reflects Shell’s ongoing trust in Helix's efficient, cost-effective solutions.
Helix Energy Solutions Group (NYSE: HLX) announced that Trident Energy do Brasil has extended its field decommissioning contract by 12 months. This project, located offshore Brazil in the Pampo and Enchova Clusters, is set to start in late 2022 and spans two years with options for further extensions. Helix will utilize either the Siem Helix 1 or Siem Helix 2 vessels, providing well intervention services along with Schlumberger. The contract extension reflects a positive trend in the market for well intervention services as noted by Helix's COO Scotty Sparks.
Helix Energy Solutions Group (NYSE: HLX) will participate in the Piper Sandler 22nd Annual Energy Conference on March 22, 2022, at the Waldorf Astoria in Las Vegas, Nevada. Interested investors can access any presentation materials on Helix's investor page. Helix, based in Houston, Texas, specializes in offshore energy services, focusing on well intervention and robotics operations. For further details, visit www.HelixESG.com.
Helix Energy Solutions Group (NYSE: HLX) reported a net loss of $25.9 million for Q4 2021, compared to a $19.0 million loss in Q3 2021 and a profit of $4.2 million in Q4 2020. Adjusted EBITDA was $8.8 million, down from $26.5 million in Q3 2021 and $35.3 million in Q4 2020. For the full year 2021, Helix posted a net loss of $61.5 million, a stark contrast to a net income of $22.2 million in 2020. Revenue for 2021 was $674.7 million, a decline from $733.6 million in 2020. Despite challenging conditions, the company achieved zero net debt and positive free cash flow of $132 million in 2021.
Helix Energy Solutions Group (NYSE: HLX) has secured a field decommissioning contract from Trident Energy in Brazil's Campos Basin. The project is set to begin in late 2022 and will last for 12 months, with options for extension. Helix will deploy a riser-based well intervention vessel, providing project management and engineering services alongside plug and abandonment well services, in partnership with Schlumberger. This contract is aligned with Helix's strategy to diversify its client base and enhance its service offerings in the region.
Helix Energy Solutions Group, Inc. (NYSE: HLX) will release its fourth quarter and full year 2021 results on February 21, 2022, after business hours. A live webcast and teleconference to discuss the results will follow on February 22, 2022, at 9:00 a.m. Central Time. Interested participants can access the event through the company's website, with replay options available post-event. Helix, based in Houston, Texas, specializes in offshore energy services, focusing on well intervention and robotics operations.
Helix Energy Solutions Group (NYSE: HLX) has announced a one-year extension of its well intervention charter and services contracts with Petrobras for the Siem Helix 2 vessel. This extension, reducing the rate per the current market, allows the Siem Helix 2 to operate until mid-December 2022, offering various subsea services. Executive VP Scotty Sparks emphasized the company's successful history with Petrobras and its commitment to providing innovative solutions. The extension reflects Helix's adaptability in a changing market.
Helix Energy Solutions Group (NYSE: HLX) will participate virtually in the Capital One Securities 16th Annual Energy Conference on Monday, December 6, 2021. Investor presentations from the conference will be available on Helix's website under the 'For the Investor' section. Helix, headquartered in Houston, Texas, specializes in offshore energy services, focusing on well intervention and robotics operations. For more details, visit www.HelixESG.com.
Helix Energy Solutions Group (NYSE: HLX) has secured a 5-well complete abandonment project from New Zealand's Ministry of Business, Innovation & Employment. This contract, awarded after a competitive procurement process, marks Helix's first decommissioning project in New Zealand. Utilizing the Q7000 and the 10K Intervention Riser System (IRS), the project is set to mobilize by late 2022 and will take approximately 60 days, excluding mobilization. Helix continues to expand its operations in the Asia Pacific region, following a recent contract with Cooper Energy.
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