Subsea Services Alliance to Develop Riserless Abandonment System
capacity from a well intervention vessel by allowing tubing to be pulled in open water in a safe and environmentally contained manner. “The ROAM system will support open water well abandonment operations while employing well control and environmental protection measures,” said Owen Kratz, president and chief executive officer, Helix. “This system will allow Helix to expand our existing open-water tubing pulling operations to new regions and further extend the capabilities of our diverse fleet.” Mike Garding, president, OneSubsea, a Schlumberger company, added, "
Helix “Off to a Good Start” in 2014
.5 million gain on the sale of the company's former spoolbase facilities located in Ingleside, Texas, and a $7.2 million insurance reimbursement settlement related to our former oil and gas business. These items contributed $0.11 of after-tax earnings per diluted share in the first quarter of 2014. Owen Kratz, President and Chief Executive Officer of Helix, stated, “We successfully introduced the Helix 534 to our well intervention fleet in the first quarter and the vessel is off to a good start. We also realized better than expected robotics activity in the first quarter of 2014; our robotics
Sembcorp Marine Net Helix Well Intervention Rig Order
our design and building capabilities in rigs with well intervention and subsea capabilities that are customised to meet this new growth segment of the market. We are committed to build on our partnership with Helix and to meet their stringent standards of quality, safety and reliability.” Mr Owen Kratz, Helix’s President and Chief Executive Officer, said “We are pleased to work with our trusted partner Jurong Shipyard on this second unit of the semisubmersible well intervention rig, to be named Q7000.”
Helix Solutions Q2 2013 Profits Slide But Transition Completed
Helix Energy Solutions Group reported net income of $27.2 million, or $0.26 per diluted share, for the second quarter of 2013 compared to net income of $44.6 million, or $0.42 per diluted share, for the same period in 2012. Owen Kratz, President and Chief Executive Officer of Helix, stated, “With the sale of the Caesar and Express now behind us along with the pending sale of the Ingleside Spoolbase, we have completed our transition to a company focused on well intervention and robotics, two businesses with exciting growth prospects. Financially, we are pleased to have closed the chapter on the
Helix Wins BP Offshore Well Intervention Contract
and an option to extend for two successive one-year terms. “We appreciate the confidence BP has shown in our Company’s well intervention services, and look forward to this integral step in further executing our business strategy,” said Helix President and Chief Executive Officer Owen Kratz. Helix Energy Solutions Group, headquartered in Houston, Texas, is an international offshore energy company that provides key life of field services to the energy market.
February 2024
