Search results for: Siem Helix 1

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  • 9 December 2016

    American oil and gas services provider Helix Energy Solutions is still waiting for its 4-year well intervention contract with Petrobras for the vessel Siem Helix 1 to start after experiencing unexpected delays. At the Capital One Securities 11th Annual Energy Conference on Wednesday, Helix said that its chartered vessel Siem Helix 1 was working through Petrobras’s inspection […]

  • 9 December 2016
    Business & Finance, Operations & Maintenance

    Offshore services player Helix Energy Solutions has experienced ‘unexpected delays’ with its operations in Brazil as it anticipated an earlier start of its well intervention campaign for Petrobras. Namely, when in June this year Petrobras and Helix finalised amendments to their well intervention services contracts for the two chartered vessels, the Siem Helix 1 and […]

  • 27 December 2016

    Siem Offshore’s second well intervention vessel Siem Helix 2 has joined the company’s fleet on December 21, 2016. The vessel was delivered to the company at Flensburger Schiffsgebau, Germany, Siem Offshore informed through social media. Siem Helix 2 joins its sister vessel Siem Helix 1 as the largest and most complex vessel ever delivered to […]

  • 20 April 2017
    Business & Finance, Operations & Maintenance, Project & Tenders

    Offshore services player Helix Energy Solutions has kicked off its well intervention services campaign offshore Brazil under a multi-year contract with Petrobras. The vessel Siem Helix 1 was initially rescheduled to start operations between July 22, 2016 and October 21, 2016. However, Helix moved up its expectations to start commercial operations in Q1 of 2017, claiming […]

  • 2 August 2016
    Business & Finance, Equipment

    UK-based offshore engineering company Osbit has completed and loaded out £3 million ($4M) worth of well intervention equipment to Helix Energy Solutions, for installation in Schiedam on Helix’s chartered Siem Helix 1 vessel. Osbit said on Monday that the delivery was a part of a series of projects awarded to the company last year, to […]

  • 1 August 2016
    Equipment, Project & Tenders

    Osbit Ltd has delivered GBP 3 million (USD 4 million) worth of well intervention equipment to Helix Energy Solutions, for installation on Helix’s chartered Siem Helix 1 vessel. The equipment, weighing over 300t in total, consists of a BOP maintenance and storage tower, intervention tension frame and moveable deck. The three systems will be installed on the […]

  • 18 December 2017
    Business & Finance, Operations & Maintenance

    Helix Energy Solutions’ well intervention vessel, Siem Helix 2, has completed the acceptance process and is on contract offshore Brazil. The vessel will be performing well intervention services under a multi-year contract with Petrobras. Owen Kratz, president and chief executive officer of Helix, said: “We are pleased to announce the commencement of operations of Siem […]

  • 3 June 2016
    Business & Finance

    Oil and gas services company Helix Energy Solutions and Brazil’s state-owned Petrobras have delayed the start of two well intervention services contracts offshore Brazil with a reduced dayrate for one contract.  Namely, the pair renegotiated the terms of the contracts for two Helix’s chartered vessels, the Siem Helix 1 and the Siem Helix 2. Helix chartered the two […]

  • 20 April 2017

    American oil and gas services provider Helix Energy Solutions has informed that the Siem Helix 1 vessel has started operations offshore Brazil and is on contract for Petrobras. The Siem Offshore-owned well intervention vessel will be performing well intervention services under a multi-year contract with the Brazilian oil company, Helix said on Wednesday. Siem Helix […]

  • 3 June 2016
    Business & Finance, Operations & Maintenance, Project & Tenders

    Offshore services player, Helix Energy Solutions, has completed its contract renegotiations with Petrobras and has entered into amendments to its well intervention services contracts for its two chartered vessels, the Siem Helix 1 and the Siem Helix 2, offshore Brazil. The contract for the Siem Helix 1, originally scheduled to begin no later than July […]

  • 27 December 2016
    Project & Tenders

    Offshore and subsea shipping company Siem Offshore has reported that its second well intervention vessel has joined the fleet.  The company’s Siem Helix 2, of a SALT 307 WIV design, joined the company’s fleet on December 21, 2016, at Flensburger Schiffbau-Gesellschaft shipyard in Germany, owned by Siem Industries. The Siem Helix 2, like its sister vessel […]

  • 16 February 2017

    Huisman Equipment has welcomed Siem Helix 2 vessel to its Schiedam facility in the Netherlands. The second well intervention vessel built for Siem Offshore will be outfitted with a Huisman well intervention tower during its stay at Schiedam, Huisman informed through social media. Siem Helix 2 is a sister vessel to Siem Helix 1, which […]

  • 21 February 2017
    Business & Finance

    Houston-based oil and gas services company Helix Energy Solutions narrowed its net loss during the last quarter of 2016 while its revenues dropped.  The company on Monday reported a net loss of $54.4 million for the fourth quarter of 2016, compared to a net loss of $403.9 million for the same period in 2015. According to […]

  • 18 December 2017

    Helix Energy Solutions has informed that the Siem Helix 2 has successfully completed the vessel acceptance process and is on contract offshore Brazil. The well intervention vessel will be performing well intervention services under a multi-year contract with Petrobras. Owen Kratz, President and Chief Executive Officer of Helix, stated: “Our team applied the lessons learned […]

  • 24 March 2015
    Business & Finance, Equipment

    Osbit Power has secured a contract to provide three sets of offshore well-intervention equipment to Helix Energy Solutions. According to Osbit Power, the project is the second largest order that the company has received, to date. Having already secured contracts to deliver twin Launch and Recovery Systems for Remotely Operated Vehicles (ROVs) and an Umbilical […]

  • 27 January 2016
    Business & Finance, Equipment, Operations & Maintenance

    OSBIT Power has secured additional facilities at the Port of Blyth to deliver its largest project yet to Helix Energy Solutions. In an agreement with the Port, the company will utilise its facilities on a 12-month basis to manufacture three sets of intervention tension frames (ITFs). The systems, each weighing 100 tonnes and standing at […]

  • 20 February 2018
    Business & Finance, Equipment, Operations & Maintenance

    Offshore services player Helix Energy Solutions has bounced back to profit in the fourth quarter of 2017. On revenue increase of some $35 million year-over-year, the Houston-based well intervention and robotics specialist generated net income of $50.6 million, or 34 cents per diluted share, against $54.4 million loss, or $46 cents per diluted share in […]

  • 23 October 2017
    Business & Finance, Operations & Maintenance

    Offshore services player Helix Energy Solutions has recorded lower profit in the third quarter of 2017. On revenue increase of some $2 million year-over-year, the Houston-based well intervention and robotics specialist generated net income of $2.3 million, or 2 cents per diluted share, against some $11.4 million loss, or $10 cents per diluted share in […]

  • 20 February 2018
    Business & Finance

    Helix Energy Solutions Group returned to profit in the fourth quarter 2017 from a loss in the prior-year period boosted by higher revenues and tax benefits. 

  • 24 April 2017
    Business & Finance, Operations & Maintenance

    Offshore services player Helix Energy Solutions has seen red in the first quarter of 2017, but managed to improve when compared to a year-ago period as well intervention activity and utilization picked up. On revenue increase of close to 15 percent year-over-year, the Houston-based well intervention and robotics specialist narrowed its net loss to $16.4 million, or 11 […]

  • 2 January 2017
    Business & Finance, Equipment, Operations & Maintenance, Research & Development

    Subsea World News has put together a recap of the most interesting articles from the previous week (December 26 – January 01). Two Maersk Supply Service anchor handling tug supply vessels (AHTS) have sunk offshore France. Maersk Supply Service confirmed to Subsea World News that Maersk Battler vessel lost two towed supply vessels Maersk Searcher […]

  • 21 February 2017
    Business & Finance, Equipment, Operations & Maintenance

    Offshore services player Helix Energy Solutions has seen red in the fourth quarter of 2016 on impairment charges linked mostly to its robotics division, but still managed to improve when compared to a year-ago period. Despite revenue drop of close to 19 percent year-over-year, the Houston-based well intervention and robotics specialist narrowed its net loss […]