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Sunday, February 18, 2018

Helix Energy Solutions Group News

Helix Hit Deepwater Oil in Gulf of Mexico

The Danny II exploration well was drilled to a total depth of approximately 14,750 feet, in water depths of approximately 2,800 feet. The well is currently being completed and most likely will be developed via a subsea tie back system to the company's 70% owned and operated East Cameron Block 381 platform located approximately 31 miles to the north in 370 feet of water. First production from Danny II is expected in the fourth quarter of 2012. Johnny Edwards, President of Energy Resource Technology GOM (ERT), a wholly-owned subsidiary of Helix, stated, “Preliminary data from down-hole test tools confirmed oil in the Danny II well with over 9,500 psi of bottom-hole pressure. Additional testing to determine the composition of the reservoir fluids is on-going.

Skandi Constructor Set for Work in Gulf of Mexico in 2015

Skandi Constructor

Well Ops, Inc. a subsidiary of Helix Energy Solutions Group, Inc. is pleased to announce that its well intervention vessel, Skandi Constructor, will be available for operation in the Gulf of Mexico for the first quarter of 2015. The Skandi Constructor is a dedicated light intervention mono hull equipped with the Helix 7 3/8” 10,000psi Subsea Intervention lubricator (SIL) package. The planned campaign in the Gulf follows three very successful campaigns in West Africa, U.K. North Sea and East Coast Canada.

Helix Updates Offshore Fleet Backlog

'Seawell': Image credit Helix

Helix Energy Solutions Group announce a number of contractual commitments for its well intervention fleet of vessels. The Helix 534 was acquired in August from Transocean and is undergoing modifications and upgrades necessary for conversion into a well intervention vessel at the Jurong Shipyard in Singapore. It is scheduled to sail from Singapore during the first quarter of 2013 and after transit to the Gulf of Mexico, is expected to be placed into service in late second quarter 2013. Backlog for the Helix 534 involves work in the Gulf of Mexico and extends into 2016.

Siem Offshore in New Offshore Well Intervention Vessels Deal

MODU vessel rendering courtesy of Siem Offshore

Siem Offshore Inc. say they have signed agreements with Helix Energy Solutions Group, Inc. to provide 2 well-intervention vessels which will be owned by Siem Offshore and chartered by Helix for an initial period of 7 years, with options that can extend the charter periods up to 22 years. The two vessels will be constructed at the Flensburger shipyard in Germany for Siem Offshore, and will be based on a design developed by Salt Ship Design. They will have an overall length of 158 meters…

BP Claims Progress on Long-Term Solution

According to a June 13 report from MarketWatch, BP PLC said it was taking steps to implement a more permanent arrangement to capture the oil spewing into the Gulf of Mexico, as U.S. officials continued to demand more compensation for the spill. Equipment had been installed and put in place over the weekend as BP worked to put together a system with the flexibility to respond to adverse weather conditions, such as a hurricane, and a bigger storage capacity, BP said. In addition, Helix Energy Solutions Group Inc. said late on June 13 that one of its three offshore oil and gas production facilities was contracted by BP to process and offload crude oil and associated gas. (Source: MarketWatch)

Helix to Sell Three Pipelay Vessels

Pipelayer Caesar: Photo credit COSCO Shipyard

Helix Energy Solutions Group to sell pipelay vessels, 'Caesar, Express', 'Intrepid' & related equipment in separate transactions for a total $252,750,000. On October 15, 2012, Helix entered into an agreement to sell the Caesar, Express and related equipment to Coastal Trade Limited for a total of $238,250,000. The sale of these assets is expected to close in two stages as each vessel completes its existing contractual backlog. The Express closing is expected to occur in February 2013 and the Caesar closing is expected to occur in July 2013.

Helix to Provide McDermott ROV Services

Image courtesy of Helix

Helix Energy says that its Robotics subsidiary, Canyon Offshore, Inc., has reached an agreement with a subsidiary of McDermott International, Inc. to provide remotely operated vehicle (ROV) services and equipment for McDermott’s fleet of subsea construction and pipelay support vessels. The agreement is for a fixed term of three years with options to extend. Canyon will provide dual 3,000-meter ROV systems onboard McDermott vessels, which initially is expected to include the North Ocean 102, Lay Vessel North Ocean 105, Lay Vessel 108 and the Derrick Lay Vessel 2000.

OneSubsea, Helix and Schlumberger to Form Alliance

OneSubsea™, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems. Helix is a leading subsea well intervention provider, with the largest fleet size of well intervention vessels, and an unequalled track record in cost-effective subsea well intervention. OneSubsea, a preeminent solution provider for subsea well control, with a global footprint of executed major projects, has significant experience in the manufacture and supply of subsea well intervention equipment and services.

Helix Receives LOI for Reliance Project in India

Helix Energy Solutions Group, Inc. has executed a letter of intent with Allseas Marine Contractors S.A. for the installation of the subsea infrastructure in connection with Allseas' engineering, procurement, installation and construction of Reliance Industries Ltd.'s Dhirubhai gas field development project in the Krishna Godavari Basin in the Bay of Bengal. Helix plans to use its deepwater construction vessel Express and its dive support vessel Eclipse on this project. The work consists of the installation suction piles, manifolds, rigid jumpers and spool pieces, flying leads and trees. The work is scheduled to commence in the fourth] quarter of 2007. The estimated contract value is in the $140-150 MM range and the vessel utilization exceeds 400 days.

Helix Awards Huisman Contract

Huisman won a new contract from Helix Energy Solutions Group, Inc. for the delivery of a Well Intervention System onboard Helix’s new build Semi submersible “Q7000”. The system, which is based on Huisman’s proven Multi Purpose Tower (MPT) design, will be built by the Huisman production facility in China. The fully integrated 800mt Well Intervention System will be capable of handling the Intervention stack, the high pressure riser and other components. The Huisman Multi Purpose Tower has the same functionality as a normal derrick but offers improved accessibility to the well center…

Schulte's PRONAV Acquisition Greenlighted

The Hamburg-based Schulte Group said it has received clearance by the German Federal Cartel Office for the acquisition of the LNG specialist PRONAV. With this strategic move, the family-owned ship owner and manager continues to increase its capabilities and capacity in the growing liquefied natural gas (LNG) market. Through the acquisition of PRONAV, the Schulte Group has increased the number of vessels under full management in its third-party management fleet by six additional LNG carriers (LNGC). At present, the Schulte Group provides full management for three LNGC and crew management for 21 LNGC. Five LNGCs with a capacity of 173…

DNV GL Lends Support to Walney 3 Offshore Wind Project

Image: DNV GL

DNV GL has secured a role as technical advisor to a group of institutional lenders with their investment of the 659MW Walney Extension. Located off the coast of North West England at Barrow-in-Furness, the Walney Extension offshore wind farm will bring a mix of wind turbine types, featuring 40 MHI Vestas V164 and 47 Siemens SWT-7.0-154 turbines. DNV GL conducted a detailed technical due diligence study and full independent energy production assessment, allowing the group of lenders to develop an understanding of the technical characteristics and risk profile.

Alewijnse Wins Electrical Installation Contract

The Seawell

Alewijnse Marine Systems has been awarded the contract for the full electrical refit of the 114 metre diving support vessel Seawell, owned by Helix Energy Solutions Group. The Seawell is currently in the North Sea and is expected at the Damen Shiprepair Yard in Vlissingen at mid December 2014 for a planned long term life extension. Alewijnse will spend four months on site, with the work due to start next month. The 114m vessel first entered service in 1987 and is widely credited with pioneering subsea light well intervention in the North Sea. She also operates as a saturation diving vessel.

Partners Aim to Bring New Trenching Vehicle to Market

(Photo: Royal IHC)

A Memorandum of Understanding between Royal IHC and Canyon Offshore, a U.K. subsidiary of Houston-based Helix Energy Solutions Group, will see that partners work toward an exclusive arrangement to jointly bring the Hi-Traq trenching vehicle to the market. Upon conclusion of the agreement between the parties, Canyon would have the exclusive right to use the first Hi-Traq M1600, an asset built for both mechanical cutting and jetting operations. The modular asset would be available…

Offshore Caribbean Deepwater Drilling Response Forum

Caribbean nations will come together for the first time to specifically address emergency response protocols for offshore deepwater drilling activities. Open Forum’s inaugural conference: 'One Caribbean – One Responseon' will be held September 13, 2012, in Port of Spain, Trinidad. “The Caribbean Sea and Gulf of Mexico are inextricably linked by the continuous flow of ocean currents and eddy streams. A deepwater event in any one of these regions becomes everyone’s challenge,” said Open Forum founder Lee Hunt, former President of the International Association of Drilling Contractors. The goal of the forum is to improve the integration of emerging deep-water drilling with regional regulatory and industry response capabilities.

Helix Wins Pipelay Contract

Helix Energy Solutions announced that it has been awarded a contract by BP Norge for the lay of a gas export pipeline for the Skarv Idun development project, in the Norwegian Sea. This 80 kilometer, 26-in. coated pipeline will be installed by the pipe lay vessel Caesar in the summer of 2009.

Aker Kvaerner Wins Subsea Umbilical Contract

Aker Kvaerner won a $14m contract to supply subsea umbilicals to Helix Energy Solutions through its subsidiary Energy Resource Technology, Inc. The contract includes engineering and project management for the Noonan development project in the Gulf of Mexico. Aker Kvaerner will supply main and infield Electro/Hydraulic umbilicals for Helix's Noonan project in the Gulf of Mexico. The Noonan field is the Garden Banks Block 506 located approximately 230 km (145 miles) offshore from Galveston, Texas at a water depth of 820 m (2,700 ft.). The umbilical project management, engineering, and manufacturing will be performed at the Aker Kvaerner Mobile, Ala., USA facility. Delivery is scheduled for January 2008.

Aker Kvaerner Wins Subsea Umbilical Contract

Aker Kvaerner won a $14m contract to supply subsea umbilicals to Helix Energy Solutions through its subsidiary Energy Resource Technology, Inc. The contract inlcudes engineering and project management for the Noonan development project in the Gulf of Mexico. Aker Kvaerner will supply main and infield Electro/Hydraulic umbilicals for Helix's Noonan project in the Gulf of Mexico. The Noonan field is the Garden Banks Block 506 located approximately 230 km (145 miles) offshore from Galveston, Texas at a water depth of 820 m (2,700 ft.). The umbilical project management, engineering, and manufacturing will be performed at the Aker Kvaerner Mobile, Ala., USA facility. Delivery is scheduled for January 2008.

Crowley, Pivotal Reach Multi-Year LNG Supply Pact

Photo: Crowley

Crowley Fuels has announced that it has signed another multi-year supply contract with Pivotal LNG to support a major pharmaceutical company’s energy needs in Puerto Rico. The contract, executed through Crowley subsidiary Carib Energy (USA) LLC, calls for Crowley to transport LNG from Pivotal facilities on the mainland to the island manufacturer. With Crowley’s supply chain solution, LNG is loaded into Crowley’s 10,000-gallon international shipping organization (ISO) containers at one of Pivotal’s LNG supply sources in the southeastern U.S.

Aker Enters Offshore Floating Wind Market

Photo: Principle Power

Norwegian oil and gas specialist Aker Solutions has invested in floating wind power technology company Principle Power, with the aim to brings its offshore oil and gas field engineering experience to the renewable energy market. Aker Solutions has an extensive track record in developing offshore oil and gas fields, with particular capabilities in floating facilities. The partnership will help bring Principle Power's technology - an innovative floating foundation for offshore wind turbines, known as WindFloat - to a broader market.

MME Inks Deal to Protect Luxury Cruise Vessels

Endeavor (Photo: MME Group)

MME Group has secured multiple orders for solutions that protect the newest generation of luxury cruise vessels built by MV WERFTEN (Germany) against corrosion and marine growth. The yard's "Global Class" and "Endeavor Class" vessels will be outfitted with MME Group's systems. Recently, MME Group inked the deal for the design, supply and commissioning of sacrificial anodes (SA), Impressed Current Cathodic Protection (ICCP) and Impressed Current Anti-Fouling (ICAF) systems for the Endeavor Class luxury expedition yacht (yard number 124) that MV WERFTEN builds for Crystal Cruises.

Helix Energy Cuts Q2 Loss

Photo: Helix Energy Solutions

Oil service company Helix Energy Solutions has narrowed its loss in the second quarter of 2017 backed by increased activity of its well intervention business. Mainly North Sea operations helped narrow the firm’s losses. The group, which controls Aberdeen based Helix Well Ops and Canyon Offshore, reported a net loss of $22.9million for the first six months of the year, compared to $38.5million in the same period last year. It reported a net loss of $6.4 million for the second quarter of 2017 compared to a net loss of $10.7 million for the same period in 2016.

Significant Contract Win for EFC

(Photo courtesy ThinkPR Scotland Ltd)

Electro-Flow Controls (EFC), an Aberdeen-based leading designer and manufacturer of instrumentation, monitoring and control systems for the global oil and gas industry, has secured a contract worth over $900,000 with Helix Well Ops (UK). The provider of life-of-field services and development solutions has contracted EFC to design and supply riser handling and additional storage solutions for the company’s Well Enhancer vessel. Bob Will, EFC managing director said: “EFC offered its conceptual design service…

Maritime Reporter Magazine Cover Feb 2018 - Cruise Ship Annual

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