Hornbeck Offshore Services, Inc.

Hornbeck Offshore Awarded Multi-Year Decommissioning Contract in the North Sea

Hornbeck Offshore's U.K. subsidiary, Helix Well Ops (U.K.) Limited, secured a multi-year decommissioning contract with a major North Sea operator, commencing in Q2 2027 with a firm two-year duration and customer options to extend. Hornbeck will perform riserless plug and abandonment operations using either the Well Enhancer or Seawell intervention vessels, delivering an integrated package that includes the Subsea Intervention Lubricator well access system, ROVs, saturation diving, and project management and engineering services. No contract value was disclosed, but the award strengthens Hornbeck's multi-year backlog in North Sea rigless decommissioning, a market management has targeted as a core growth area.

•1mo ago

Hornbeck and Helix Complete Merger, Creating a Premier Integrated Offshore Services Company

Helix Energy Solutions (HLX) and Hornbeck Offshore Services have completed their all-stock merger, forming a premier integrated offshore services company operating under the Hornbeck name. The combined company will begin trading on the NYSE under the ticker symbol "HOS" on September 2, 2026, while HLX ceased trading at the close of business on September 1. Todd M. Hornbeck has assumed the role of CEO, supported by a new executive leadership team, with the goal of leveraging combined marine and subsea capabilities across deepwater, defense, and renewables markets.

•1mo ago