Search results for: Q5000

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  • 12 March 2020
    Business & Finance

    Houston-based offshore services and robotics specialist Helix Energy Solutions has amended its existing credit agreement with Nordea Bank ABP and the lender parties related to its Q5000 vessel. The credit agreement from September 2014, has been adapted to extend the final maturity date of the term loan from April 30, 2020 to January 31, 2021. […]

  • 21 July 2015

    Helix Energy Solutions Group, Inc., an oil and gas services company, has announced its second quarter 2015 results according to which the company’s net income for the six months ended June 30, 2015 was $17 million compared with net income of $111.5 million for the six months ended June 30, 2014. The company reported a […]

  • 12 May 2015

    Helix Well Ops’ new intervention semi-submersible, the Q5000, has set sail from Singapore yesterday, May 11, 2015, on its journey of over 13,000 miles to the Gulf of Mexico.  Helix took delivery of the vessel from Sembcorp Marine’s Jurong Shipyard on May 5, 2015. Stopping at Mauritius, Namibia and Curacao en route, the vessel will arrive […]

  • 12 March 2020
    Exploration & Production

    Helix Energy Solutions has amended its existing credit agreement related to its Q5000 semi-submersible well intervention rig.

  • 5 May 2015
    Equipment, Exploration & Production

    Helix Energy Solutions, a Houston-based oilfield services provider has taken delivery Q5000 semi-submersible well intervention vessel from Sembcorp Marine’s Jurong Shipyard. In conjunction with delivery of the vessel, the company used proceeds of the previously announced $250 million Q5000 credit facility to make the final shipyard payment. The remaining cash balance of the facility, approximately $148 million, […]

  • 20 May 2016
    Business & Finance

    Oil and gas services company Helix Energy Solutions announced on Thursday that the Q5000 vessel started operations and is working on contracted rates. The Q5000 is a new well intervention semi-submersible vessel built and delivered to Helix by Sembcorp Marine’s Jurong Shipyard in May 2015. The contract start follows a resolution of the start-up issues related to […]

  • 28 October 2015
    Project & Tenders

    Helix Energy Solutions Group announced that the Q5000 semi-submersible well intervention vessel entered service last week. The Q5000 is currently on hire for a client in the Gulf of Mexico, prior to it’s five-year contract with BP. Earlier this year Helix and BP agreed to defer the start-up of the work, previously scheduled to begin in the third […]

  • 28 October 2015

    Helix Energy Solutions’ new well intervention semi-submersible, the Q5000, entered service last week. According to Helix, the unit is currently on hire for a client in the Gulf of Mexico. Owen Kratz, President and Chief Executive Officer of Helix, stated, “The successful deployment of the Q5000 is the culmination of a three-year effort on the […]

  • 5 May 2015

    Helix Energy Solutions Group announced that on April 30th its wholly owned subsidiary, Helix Q5000 Holdings S.A.R.L., took delivery of the Q5000 semi-submersible well intervention vessel from Sembcorp Marine’s Jurong Shipyard. In conjunction with delivery of the vessel, Helix Q5000 Holdings S.A.R.L. used proceeds of the previously announced $250 million Q5000 credit facility to make […]

  • 27 February 2015
    Equipment

    Helix Energy Solutions Group, Inc. has entered into an agreement with BP Exploration & Production to amend their existing 2013 agreement  for the Q5000 well intervention vessel.  The start of the the well intervention services work in the U.S. Gulf of Mexico, previously scheduled to begin in the third quarter of 2015, will be postponed […]

  • 12 May 2015

    Helix Well Ops’ new well intervention semi-submersible, the Q5000, set sail from Singapore, on May 11, on her journey of over 13,000 miles to the Gulf of Mexico.  Stopping at Mauritius, Namibia and Curacao en route, she will arrive in United States’ waters in the summer of 2015. Helix is in discussions with various parties for […]

  • 20 May 2016
    Operations & Maintenance

    Helix Energy Solutions reported on Thursday that its well intervention vessel Q5000 has started operations for BP after resolving the start-up issues related to certain subsea equipment. The Q5000 was contracted by BP in 2013 for a five-year contract in the Gulf of Mexico. In February 2015, the companies agreed to postpone the start of […]

  • 5 April 2013

    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 […]

  • 5 April 2013
    Business & Finance

    Helix Energy Solutions Group, Inc. announced yesterday 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 […]

  • 5 April 2013
    Business & Finance, Project & Tenders

    Helix Energy Solutions Group, Inc. announced 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 is […]

  • 27 February 2015
    Project & Tenders

    Helix Energy Solutions Group has entered into an agreement with BP Exploration & Production to amend their existing 2013 agreement for the Q5000 to provide well intervention services in the U.S. Gulf of Mexico. The companies agreed to defer the start-up of the work, previously scheduled to begin in the third quarter of 2015, to April 1, […]

  • 13 November 2012
    Business & Finance

    Helix Energy Solutions Group, Inc. announced that it has been awarded its initial customer contractual commitments for the Helix 534. The Helix 534 was acquired in August from Transocean and is undergoing modifications and upgrades necessary for conversion into a well intervention vessel at the Jurong Shipyard in Singapore. The Helix 534 is scheduled to […]

  • 13 November 2012

    Houston-based Helix Energy Solutions Group, Inc. yesterday announced an update on its well intervention fleet backlog. The company informed it has been awarded its initial customer contractual commitments for the Helix 534. The Helix 534 was acquired in August from Transocean and is undergoing modifications and upgrades necessary for conversion into a well intervention vessel […]

  • 21 July 2015
    Business & Finance, Operations & Maintenance

    Helix Energy Solutions Group reported a net loss of$(2.6) million, or $(0.03) per diluted share, for the second quarter of 2015 compared to net income of $57.8 million, or $0.55 per diluted share, for the same period in 2014 and net income of $19.6 million, or $0.19 per diluted share, for the first quarter of […]

  • 24 April 2017
    Business & Finance

    Houston-based oil and gas services company Helix Energy Solutions managed to narrow its net loss in the first quarter of 2017 and boost revenues compared to the same period in 2016. The oil services company on Sunday reported a net loss of $16.4 million for the first quarter of 2017 compared to a net loss […]

  • 26 September 2017
    Exploration & Production

    Helix Energy Solutions’ new semi-submersible well intervention vessel Q7000 is set to undergo sea trials. Posting one of the first photos of the vessel online, Helix on Monday said its newest DP3 well intervention vessel would start sea trials in the South China Sea “this week.” “The Q7000 is an evolution of the Q4000 and Q5000 […]

  • 20 April 2016
    Business & Finance, Equipment, Operations & Maintenance

    Offshore services player, Helix Energy Solutions, has seen red second quarter in a row as its revenues declined more than 50 per cent versus the first quarter of 2015. For the first quarter 2016, the company reported a net loss of $27.8 million, or $(0.26) per diluted share compared to net income of $19.6 million, or […]