Helix fast-response system

Helix Reports Fourth Quarter and Full Year 2022 Results

Retrieved on: 
Monday, February 20, 2023
Oil, Gas, Energy, Well, Public expenditure, CARES Act, Cylinder Audio Archive, Central Time, Capital expenditure, Polyhedron, Radioisotope Production Facility, Helix fast-response system, Staffeldt, Cash flow, Petrobras, Free cash flow, Siem, Debt, Maintenance, Acquisition, Capital, Webcast, Robotics, ROV, Liftboat, OSV, T. Hawk, P&A, DSV, ABL, Helix Producer 1, Environment, Grand Canyon, Video game, Real estate, Cryptocurrency, Gulf of Mexico, Helix

Well Intervention revenues increased $48.5 million, or 41%, during the fourth quarter 2022 compared to the fourth quarter 2021.

Key Points: 
  • Well Intervention revenues increased $48.5 million, or 41%, during the fourth quarter 2022 compared to the fourth quarter 2021.
  • Overall Well Intervention vessel utilization increased to 97% during the fourth quarter 2022 from 56% during the fourth quarter 2021.
  • ROV and trencher utilization increased to 58% during the fourth quarter 2022 from 38% during the fourth quarter 2021, and trenching days increased to 160 days during the fourth quarter 2022 compared to 90 days during the fourth quarter 2021.
  • Robotics operating income increased $3.6 million during the fourth quarter 2022 compared to the fourth quarter 2021 due to higher revenues.

Helix Announces New Contract for Fast Response System

Retrieved on: 
Monday, March 8, 2021
Alternative energy, Energy, Other Energy, Oil, Gas, Ships, Helix fast-response system, Helix Energy Solutions Group, HWCG LLC, Q4000, Deepwater Horizon oil spill, Petroleum in the United States, Petroleum industry, Helix

Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has entered into a new Agreement for Response Resources with HWCG LLC.

Key Points: 
  • Helix Energy Solutions Group, Inc. (NYSE: HLX) announced today that it has entered into a new Agreement for Response Resources with HWCG LLC.
  • Under the Agreement, HWCGs members are given the opportunity to identify the Helix Fast Response System as a response resource in permit applications to U.S. federal and state agencies, and to deploy the Helix Fast Response System to respond to a well control incident in the U.S. Gulf of Mexico.
  • Developed in 2011 as a culmination of Helixs experience as a responder in the Macondo well control and containment efforts, the Helix Fast Response System consists of the Helix Producer I floating production unit, Q4000 or Q5000 vessels, subsea intervention systems, crude transfer systems and other well control equipment.
  • We embrace our role as a provider of sustainable solutions, are proud to offer the Helix Fast Response System to help mitigate and remediate the environmental risks associated with offshore drilling and production operations.