Helix Energy Solutions Group

From WikiMD's medical encyclopedia

Helix Energy Solutions Group is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. The company is headquartered in Houston, Texas, and has significant operations in the Gulf of Mexico, North Sea, and Asia Pacific regions.

History

Helix Energy Solutions Group was founded in 1980 as Cal Dive International, a diving and salvage business. The company expanded its operations over the years to include well intervention, subsea construction, and maintenance services. In 2006, the company changed its name to Helix Energy Solutions Group to reflect its broader range of services.

Operations

Helix Energy Solutions Group operates in three main segments: Well Intervention, Robotics, and Production Facilities.

Well Intervention

The Well Intervention segment includes services such as well diagnostics, subsea well enhancement, and well decommissioning. These services are performed using the company's fleet of vessels and equipment, including semi-submersible well intervention vessels and remotely operated vehicles (ROVs).

Robotics

The Robotics segment provides remotely operated vehicle services, trenching and cable laying services, and autonomous underwater vehicle services. These services are used in the construction and maintenance of subsea infrastructure and in the inspection of subsea systems.

Production Facilities

The Production Facilities segment includes the company's oil and gas properties and the production facilities that it owns and operates.

Financial Performance

Helix Energy Solutions Group is a publicly traded company listed on the New York Stock Exchange under the ticker symbol "HLX". The company's financial performance is subject to the cyclical nature of the offshore energy industry.

See Also

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Contributors: Prab R. Tumpati, MD