Helix Energy Solutions Group Inc

Helix Energy Solutions Group, Inc., together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the United States, North Sea, the Asia Pacific, West Africa, and internationally. The company operates through four segments: Well Intervention, Robotics, Shallow Water Abandonment, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection; and cable and umbilical lay. The company also provides well intervention, intervention engineering, and production enhancement services; coiled tubing operations; and inspection, repair, and maintenance IRM of production structures, trees, jumpers, risers, pipelines, and subsea equipment, as well as related support services. In addition, it offers reclamation and remediation services; well plug and abandonment P&A services; pipeline, cable and umbilical abandonment services; and site inspections. Further, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. Additionally, it provides offshore oilfield decommissioning and reclamation, site clearance, project management, engineered solutions, intervention, heavy lift, and commercial diving services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. The company was incorporated in 1979 and is headquartered in Houston, Texas.

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Helix Energy and Hornbeck Offshore to combine in all-stock merger

Helix Energy Solutions Group and Hornbeck Offshore Services have agreed to combine in an all-stock transaction that will create an integrated offshore services provider. At closing, which is expected to occur in the second half of 2026, subject to approval by Helix shareholders, the receipt of applicable regulatory approvals and the satisfaction of other customary closing conditions, Helix shareholders will own approximately 45% of the combined company and Hornbeck shareholders approximately 55%. The combined entity will operate under the Hornbeck Offshore Services name, trade on the New York Stock Exchange under the ticker HOS, and be led by Todd Hornbeck as president and CEO. The companies expect to realize $75 million or more in annual cost and revenue synergies within three years, and the combined backlog stands at $2 billion. Helix also reported second-quarter net income of $22.7 million, or $0.15 per diluted share, reflecting an improvement from a net loss of $13.4 million in the first quarter of 2026.

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Oilfield services stocks fall as Brent crude drops below $80 on Iran peace deal

Shares of Transocean, Nabors Industries, and Helix Energy Solutions declined in afternoon trading as oil prices extended losses, with Brent crude falling below $80 per barrel for the first time since March and WTI dropping to around $75. The decline was driven by the Iran peace deal, which removes the supply disruption risk premium that had kept oil elevated since the Strait of Hormuz blockade began in late February, when Brent peaked at $126. Transocean fell 3.9%, Nabors Industries fell 3.7%, and Helix Energy Solutions fell 3.5%, as lower oil prices are expected to prompt producers to cut drilling capital expenditures, reducing demand for oilfield services.

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