HLX

Helix to Participate in Upcoming Events

Retrieved on: 
Friday, March 8, 2024

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the following upcoming events:

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it will participate in the following upcoming events:
    Piper Sandler 24th Annual Energy Conference in Las Vegas, Nevada at the Waldorf Astoria on Tuesday, March 19 and Wednesday, March 20, 2024
    NYSE Energy & Utilities Virtual Investor Access Day on Thursday, March 21, 2024
    Any investor presentation provided during the events will be publicly available and may be accessed on the “For the Investor” page of Helix’s website, www.helixesg.com .

Helix Energy Solutions and Talos Energy Establish Framework Agreement for Decommissioning in U.S. Gulf of Mexico

Retrieved on: 
Thursday, February 29, 2024

Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) is pleased to announce a five-year joint framework agreement with Talos Energy Inc. (“Talos”) (NYSE: TALO) in which Talos has agreed to provide Helix the first right of refusal regarding specific annual work scopes for Talos’s decommissioning requirements in the U.S. Gulf of Mexico.

Key Points: 
  • Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) is pleased to announce a five-year joint framework agreement with Talos Energy Inc. (“Talos”) (NYSE: TALO) in which Talos has agreed to provide Helix the first right of refusal regarding specific annual work scopes for Talos’s decommissioning requirements in the U.S. Gulf of Mexico.
  • The agreement includes a base pricing structure and processes for determining and scheduling specific projects Talos requires.
  • Owen Kratz, Helix’s President and Chief Executive Officer, stated, “We are excited to have been awarded this significant framework agreement for well and structure removal and decommissioning.
  • Helix and Talos have worked together on field production, well intervention and decommissioning in the deepwater arena for many years, and this framework expands the relationship onto the shelf, further demonstrating Helix’s position as the preeminent company for full-field decommissioning in the Gulf of Mexico.”

Helix Secures Deepwater Well Intervention Contract Offshore Nigeria

Retrieved on: 
Monday, February 26, 2024

Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Deepwater) Ltd. (“Esso”).

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce a deepwater well intervention contract award by Esso Exploration and Production Nigeria (Deepwater) Ltd. (“Esso”).
  • The project, located offshore Nigeria in the Erha and Usan fields, is expected to commence in September 2024 with the vessel expected to be in Nigeria into 2025.
  • The fields are located approximately 97km offshore of Nigeria in water depths ranging from 700m to 1,500m.
  • Under the contract, Helix will provide the Q4000, a DP3 riser-based semi-submersible well intervention vessel, a 10k Intervention Riser System (IRS), remotely operated vehicles, project management, and engineering services to cover fully integrated well intervention services from production enhancement to plug and abandonment.

Helix Announces Decommissioning Contract Extension with Trident Energy and other Commercial Updates

Retrieved on: 
Tuesday, February 6, 2024

Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce the extension of its decommissioning contract with Trident Energy do Brasil Ltda.

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) is pleased to announce the extension of its decommissioning contract with Trident Energy do Brasil Ltda.
  • The contract extension is for an additional 12 months and in direct continuation of the current contract.
  • The extension is expected to begin in the fourth quarter of 2024 at rates in line with the improved well intervention market.
  • Helix and Siem Offshore have signed six-year charter extensions for both the Siem Helix vessels, with the Siem Helix 1 term extending through December 2030 and the Siem Helix 2 term extending through December 2031.

Helix Announces Fourth Quarter and Full Year 2023 Earnings Release Date and Conference Call Information

Retrieved on: 
Friday, February 2, 2024

Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its fourth quarter and full year 2023 results on Monday, February 26, 2024, after the close of business.

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its fourth quarter and full year 2023 results on Monday, February 26, 2024, after the close of business.
  • The press release and associated slide presentation will be available on Helix's website, www.helixesg.com .
  • Helix will review its fourth quarter and full year 2023 results on Tuesday, February 27, 2024, at 9:00 a.m. Central Time via a live webcast and teleconference.
  • The live webcast will be available on our website under "For the Investor."

Helix Announces Redemption of Its 6.75% Convertible Senior Notes Due 2026

Retrieved on: 
Tuesday, January 16, 2024

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has delivered a notice to the trustee for its 6.75% Convertible Senior Notes due 2026 (the “Notes”) under which it has called all of the outstanding Notes for redemption on March 20, 2024 (the “Redemption Date”).

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has delivered a notice to the trustee for its 6.75% Convertible Senior Notes due 2026 (the “Notes”) under which it has called all of the outstanding Notes for redemption on March 20, 2024 (the “Redemption Date”).
  • The Notes would be convertible into shares of Helix’s common stock at a rate of 143.3795 shares per $1,000 principal amount of the Notes.
  • However, Helix has elected to deliver cash to satisfy its entire conversion obligation upon any conversion of the Notes.
  • Holders who wish to convert their Notes must comply with the requirements set forth in the Notes and related indenture.

Helix Announces Its 6.75% Convertible Senior Notes Due 2026 Will Remain Convertible

Retrieved on: 
Friday, December 29, 2023

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that its 6.75% Convertible Senior Notes due 2026 (the “Notes”) will remain convertible at the option of the holders from January 1, 2024 through March 31, 2024, as provided in the indenture governing the Notes (as supplemented, the “Indenture”).

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that its 6.75% Convertible Senior Notes due 2026 (the “Notes”) will remain convertible at the option of the holders from January 1, 2024 through March 31, 2024, as provided in the indenture governing the Notes (as supplemented, the “Indenture”).
  • This press release is made pursuant to a provision in the Indenture that requires publication of this notice of convertibility.
  • Upon surrendering Notes for conversion in accordance with the Indenture, a holder of the Notes will receive through the Conversion Agent either shares of Common Stock, cash or a combination of cash and shares of Common Stock, at Helix’s election.
  • Capitalized terms used in this press release and not otherwise defined herein have the meanings given to them in the Indenture.

Pickering Energy Partners Acted as Co-Manager to Helix Energy Solutions Group, Inc.

Retrieved on: 
Monday, December 11, 2023

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $300,000,000 offering of 9.750% senior notes due 2029 for Helix Energy Solutions Group, Inc. (NYSE: HLX) which closed on December 1, 2023.

Key Points: 

Pickering Energy Partners (“PEP”) acted as a Co-Manager on the $300,000,000 offering of 9.750% senior notes due 2029 for Helix Energy Solutions Group, Inc. (NYSE: HLX) which closed on December 1, 2023.

Helix Announces Pricing of Senior Notes Offering

Retrieved on: 
Thursday, November 16, 2023

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today it has priced $300 million in principal amount of 9.750% Senior Notes due 2029 (the “Notes”).

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today it has priced $300 million in principal amount of 9.750% Senior Notes due 2029 (the “Notes”).
  • Helix intends to use the remainder of the net proceeds from the offering, if any, for general corporate purposes, which may include repayment of other indebtedness.
  • Helix reserves the right to settle and extinguish the 2026 Convertible Notes in cash, shares of its common stock, or any combination thereof.
  • Helix expects to close the offering of the Notes on or about December 1, 2023, subject to the satisfaction of customary closing conditions.

Helix Announces Proposed Offering of New Senior Notes

Retrieved on: 
Wednesday, November 15, 2023

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today its intention, subject to market and other conditions, to offer $300 million principal amount of Senior Notes due 2029 (the “Notes”).

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today its intention, subject to market and other conditions, to offer $300 million principal amount of Senior Notes due 2029 (the “Notes”).
  • Helix intends to use the net proceeds from the offering, together with cash on hand and shares of its common stock, as necessary, to pay the cost of extinguishing its obligations with respect to its outstanding 6.75% Convertible Senior Notes due 2026 (the “2026 Convertible Notes”), which may include privately negotiated transactions, and payments in settlement of redemptions or conversions of such 2026 Convertible Notes.
  • Helix intends to use the remainder of the net proceeds from the offering, if any, for general corporate purposes, which may include repayment of other indebtedness.
  • Helix reserves the right to settle and extinguish the 2026 Convertible Notes in cash, shares of its common stock, or any combination thereof.