type public company traded as nyse hlx industry oil and gas equipment services founded 1980 as cal dive intl. headquarters houston texas united states key people owen kratz president and ceo products well intervention operations remotely operated vehicle operations oil exploration and production offshore production facilities revenue 1.39 billion 1 usd 2011 operating income 669 million 1 usd 2011 net income 130 million 1 usd 2011 number of employees 1 600 2012 website www.helixesg.com helix energy solutions inc. known as cal dive international prior to 2006 2 is an american oil and gas services company headquartered in houston texas . it is a global provider of offshore services in well intervention and rov operations of new and existing oil and gas fields . contents 1 history 1.1 timeline 2 the company 2.1 helix well ops 2.2 canyon offshore 2.3 energy resources technology gom inc. 2.4 production facilities 3 management 4 see also 5 references 5.1 notes 6 external links history edit timeline edit 1980 oceaneering executives lad handleman john swinden don sites and rick foreman left the company and named their new company cal dive international . oceaneering was formed in 1964 when handelman merged his california oilfield diving company cal dive with canadian based can dive and upon his departure handleman reclaimed his original company name for the new venture . 3 1983 cal dive intl. was acquired by diversified energy international dei whose financial backing allowed the company to expand with two converted diving vessels . 1985 handleman suffered a severe injury in a skiing accident and as a result was paralyzed from the waist down . jim nelson would take over the company and handleman served as a consultant with the company for five more years . 4 1990 led by new ceo jerry reuhl a management team that included future ceo owen kratz purchased cal dive intl. from dei for 11 million with merrill lynch acting as the financial partner providing all of the holding a 45 % equity position . 5 1992 after establishing a business model of acquiring offshore oil and gas properties near the end of their production life in the gulf of mexico cal dive intl. created a subsidiary called energy resource technology ert to manage its growing portfolio of gulf shelf properties . 1993 cal dive intl. management bought merrill lynch out in 1993 and then sold 50 % of the company to first reserve corporation in 1995 to raise more capital to support a growing deepwater program . 1994 cal dive intl. acquires its first dynamically positioned vessel the witch queen which allowed the company to enter the deepwater market in the gulf of mexico for the first time . 1996 cal dive intl. acquires the uncle john semisubmersible drilling rig and extends the company s well intervention capabilities . cal dive intl. also purchased offshore energy company aquaitica inc. which was the company s first corporate acquisition and added four shallow water diving support vessels to its fleet . 1997 kratz succeeds reuhl as ceo . kratz had previously served as the coo and executive vice president . kratz was an accomplished oilfield diver who had previously owned his own marine construction company . shortly after his ascension cal dive intl. became a publicly traded company on the nasdaq stock exchange . 2001 cal dive intl. purchases professional divers of new orleans for 11.5 million and acquired 85 percent of outstanding canyon offshore shares and purchased the remaining 15 percent over the next three years . with the acquisition of canyon offshore cal dive intl. could now offer operators rov intervention and cable flowline burial services . 6 2002 the world s first deepsea well intervention semisubmursable the q4000 is launched into service in the gulf of mexico . 7 2006 following the acquisition of helix rds 8 a reservoir consultancy company cal dive intl. changed the corporate name to helix energy solutions group inc. 9 to better reflect the company s double stranded business model of offering contracting services while also maintaining a role as an independent oil and gas producer . the company also moved its stock listing from nasdaq to the new york stock exchange under the new ticker symbol hlx . 2008 newbuild well intervention vessel well enhancer is launched into service in the north sea . 10 2010 helix esg deploys multiple assets and resources to contain the 2010 gulf of mexico oil spill . 11 2012 helix esg announces divestiture plans regarding its subsea construction business unit 12 helix subsea construction and the sale of its vessels . helix esg also announced that going forward well intervention and rov services would be its primary contracting businesses and new vessels would be purchased or chartered to meet growing demand in those service sectors . 2015 helix energy solutions group saw its profit tumble 78 percent in the fourth quarter as upstreams curb drilling activity . 13 the company edit helix esg is divided into four business units helix well ops edit provider of a range of well operation subsea wireline and decommissioning services with specialist vessels and in house developed equipment that includes the subsea intervention lubricator and the intervention riser system . well ops assets include three purpose built offshore units along with mobile equipment . as of 2012 at least three more intervention vessels were scheduled to be added to well ops fleet starting in 2013 . 14 current assets include q4000 msv seawell msv well enhancer intervention riser system irs a tool used in subsea well intervention and subsea well containment . the irs enables access to subsea well trees while isolating the wellbore pressure as downhole tools like wireline or coiled tubing are deployed or changed out . the irs is rated to operate up to 10 000 ft of water and capable of a maximum working pressure of 10 000 psi . it is also a component of the helix fast response system as an emergency intervention tool in the event of a subsea well incident in the gulf of mexico . subsea intervention lubricator sil wireline or coiled tubing systems used in riserless and diverless subsea light well intervention in the offshore oil and gas industry . sils allow access to a live subsea well without the requirement of a blow out preventer stack or a marine riser . the deployment of a sil from a dynamically positioned multi service vessel msv is significantly less expensive than using a traditional drilling rig for intervention operations . sils are typically rated to operate between 300 ft and 10 000 ft of water and have maximum working pressures of 10 000 psi . canyon offshore edit a supplier of subsea intervention services that has been operating rov support vessels and rov trenching services globally since its inception in 1996 . the company currently operates over 50 rov and trenching systems including over 45 heavy work class systems and five trenching and cable trenching systems along with four support vessels . canyon offshore operates from three regions ; houston aberdeen and singapore to effectively service their international client base . assets include grand canyon deep cygnus olympic triton olympic canyon triton work class rov systems uhd work class rov systems i trencher t1200 trencher energy resources technology gom inc. edit helix energy solutions group inc. has sold its ert business unit . production facilities edit helix production facilities unit participates with offshore oil and gas producers through negotiated contracting infrastructure ownership and reservoir equity interests . assets include helix producer i marco polo independence hub management edit owen kratz is the president and chief executive officer of helix energy solutions group inc. see also edit list of oilfield service companies references edit notes edit a b c helix esg 2011 annual report . cal dive changes name to helix . helix esg inc. retrieved on february 27 2006 . history of helix esg . noozhawk talks lad handelman dives right in to life and its challenges published on april 25 2010 . twst interview with cal dive ceo owen kratz published on june 18 2001 . cal dive international acquires canyon offshore for 66 74 million published on december 5 2001 . cal dive takes delivery of q4000 published on april 12 2002 . cal dive picks up helix energy for 31m published on november 8 2005 . cal dive changes name to helix energy solutions published on february 28 2006 . well enhancer launched at ihc krimpen shipyard published on may 31 2008 . helix announces sale of pipelay vessels published on july 2 2010 . helix producer could be collecting spilled oil by july 7 published on october 16 2012 . helix energy profit tumbles 78 percent in 4q . petro global news . retrieved 18 february 2015 . helix 534 scores first contract . external links edit official website retrieved from https en.wikipedia.org w index.php title helix energy solutions group & oldid 743465623 categories oilfield services 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