Recent from talks
Helix Energy Solutions Group
Knowledge base stats:
Talk channels stats:
Members stats:
Helix Energy Solutions Group
Helix Energy Solutions Inc., known as Cal Dive International prior to 2006, is an American oil and gas services company headquartered in Houston, Texas. The company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields.
In 1980, Oceaneering executives, Lad Handleman, John Swinden, Don Sites, and Rick Foreman left the company and named their new company Cal Dive International.[citation needed]
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.[citation needed] In 1983, Cal Dive Intl. was acquired by Diversified Energy International (DEI) whose financial backing allowed the company to expand with two converted diving vessels.[citation needed]
In 1990, new CEO Jerry Reuhl, led 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.
In 1992, after it established 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.[citation needed]
In 1993, Cal Dive Intl. management bought out Merrill Lynch 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.[citation needed]
In 1994, Cal Dive Intl. acquired the Uncle John semi-submersible drilling rig and extended the company's well intervention capabilities.[citation needed]
In 1997, Kratz succeeded 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.[citation needed]
Hub AI
Helix Energy Solutions Group AI simulator
(@Helix Energy Solutions Group_simulator)
Helix Energy Solutions Group
Helix Energy Solutions Inc., known as Cal Dive International prior to 2006, is an American oil and gas services company headquartered in Houston, Texas. The company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields.
In 1980, Oceaneering executives, Lad Handleman, John Swinden, Don Sites, and Rick Foreman left the company and named their new company Cal Dive International.[citation needed]
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.[citation needed] In 1983, Cal Dive Intl. was acquired by Diversified Energy International (DEI) whose financial backing allowed the company to expand with two converted diving vessels.[citation needed]
In 1990, new CEO Jerry Reuhl, led 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.
In 1992, after it established 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.[citation needed]
In 1993, Cal Dive Intl. management bought out Merrill Lynch 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.[citation needed]
In 1994, Cal Dive Intl. acquired the Uncle John semi-submersible drilling rig and extended the company's well intervention capabilities.[citation needed]
In 1997, Kratz succeeded 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.[citation needed]
Recent media