Hornbeck Offshore Services Inc
Hornbeck Offshore Services Inc. is a publicly traded company based in the United States, primarily engaged in providing offshore service vessels (OSVs) to the offshore oil and gas industry. Here's a detailed look into various aspects of the company:
1. Business Operations:
- Offshore Service Vessels: Hornbeck operates a fleet of advanced, multi-functional OSVs that support drilling, production, and logistics operations in offshore oil and gas exploration and production.
- Geographic Focus: The company's operations are primarily focused in the Gulf of Mexico, but it also has a presence in other regions, including Latin America and the Caribbean.
- Services Provided: The vessels are used for transporting goods, supplies, and personnel to offshore platforms; providing standby safety services; and facilitating subsea construction and maintenance operations.
2. Fleet:
- Hornbeck's fleet includes a variety of specialized vessels such as Platform Supply Vessels (PSVs), and Multi-Purpose Support Vessels (MPSVs), among others.
- The fleet is known for its modernity and its compliance with stringent regulatory and safety standards, making it suitable for deepwater and ultra-deepwater operations.
3. Financials:
- As a publicly traded company, Hornbeck Offshore Services Inc. is listed on the New York Stock Exchange under the ticker symbol “HOS.”
- The company's financial performance can be influenced by the oil and gas industry’s cyclical nature, impacted by factors such as oil prices, exploration activities, and technological advancements.
4. History:
- Hornbeck Offshore Services Inc. was founded in 1997.
- The company has grown through the acquisition of various vessels and the expansion of its services to meet the increasing demands of offshore oil and gas operations.
5. Challenges and Market Position:
- The company faces challenges such as fluctuating oil prices, regulatory changes, and competition from other maritime service providers.
- Despite these challenges, Hornbeck has managed to maintain a strong market position by continuously upgrading its fleet and focusing on customer service and operational efficiency.
6. Sustainability and Environmental Practices:
- The company is aware of the environmental impacts associated with oil and gas operations and strives to implement best practices to minimize its environmental footprint.
- It adheres to relevant regulations and guidelines to ensure sustainable operations.
7. Recent Developments:
- Keeping up with industry trends, Hornbeck Offshore Services periodically announces new investments in fleet enhancements, contracts with major oil and gas companies, and strategic partnerships.
8. Leadership:
- The company is led by an experienced management team with deep industry expertise. The leadership emphasizes operational excellence, safety, and customer satisfaction.
If you need more specific or recent information, such as the latest financial results or recent corporate announcements, I recommend checking the company’s latest filings with the SEC or visiting their official website.
Hornbeck Offshore News
Hornbeck Offshore Installs New DP Simulator
Hornbeck Offshore said it has installed a dynamic positioning (DP) simulator that provides an interactive and immersive training experience for current and future mariners who serve in DP officer (DPO) roles.The Wärtsilä NaviTrainer Professional 6 Offshore Simulator (NT Pro 6) is designed to make training more efficient, cost effective and risk free via a ship-like environment that can subject mariners…
Norwegian Firm to Supply Helideck for Hornbeck's Offshore Wind Vessel
Marine Aluminium AS has won a contract to supply the U.S. offshore vessel firm Hornbeck Offshore Services a helideck for its new conversion project. The 21-meter helideck has a landing capacity of up to Sikorsky S-92-sized helicopters.As previously reported by Offshore Engineer, Hornbeck Offshore will convert one of its recently acquired 280-foot offshore supply vessels (OSV) to a service operation vessel (SOV) to meet the growing demand of the U.S.
Hornbeck Buys Six OSVs from Edison Chouest
Covington, La.-based offshore vessel owner Hornbeck Offshore Services has reached a deal to acquire six offshore supply vessels (OSV) from an affiliate of its peer Edison Chouest Offshore.Hornbeck announced Monday it entered into a definitive vessel purchase agreement with Edison Chouest's Nautical Solutions to buy the "high-spec new generation" OSVs for an undisclosed cash price. Each of the vessels are U.S.-flagged…
Vineyard Wind Taps ThayerMahan for Subsea Survey
Vineyard Wind, a joint venture between Avangrid Renewables, a subsidiary of AVANGRID, Inc. and Copenhagen Infrastructure Partners (CIP), announced a partnership with autonomous maritime solutions company ThayerMahan for seabed and infrastructure survey and inspection work in the waters off southern Massachusetts.Based in Groton, Conn., ThayerMahan, specializes in seabed surveys, acoustic mitigation and monitoring…
Hornbeck Offshore to Acquire 10 Vessels from Edison Chouest
U.S.-based offshore vessel owner Hornbeck Offshore Services has agreed to acquire ten high-spec new generation offshore supply vessels ("OSVs") from Edison Chouest Offshore affiliates.Eight of the vessels are U.S.-flagged, Jones Act-qualified, 280 class DP-2 OSVs with capacities of circa 4,750 DWT. The other two vessels are Mexican-flagged 240 class DP-2 OSVs with capacities of circa 3,200 DWT. Upon completion of regulatory drydockings to be conducted by the Edison Chouest Offshore affiliates…
Hornbeck Offshore Services Emerges from Bankruptcy
U.S.-based offshore support vessel provider Hornbeck Offshore Services said Friday it had completed its reorganization and emerged from Chapter 11 Bankruptcy.The company had in April struck a comprehensive balance sheet restructuring support agreement with its lenders, to be implemented through a prepackaged chapter 11 filing in May in the Southern District of Texas.Hornbeck, which provides offshore services in the Gulf of Mexico and Latin America…
Hornbeck Offshore Delisted from NYSE
Hornbeck Offshore Services announced its common stock has been delisted from the New York Stock Exchange (NYSE) on December 20, 2019, and that the company began trading on the OTC Pink marketplace effective December 23, 2019.The NYSE announced that Hornbeck stock was was suspended from trading because the company did not maintain an average global market capitalization of at least $15 million over a consecutive 30-trading-day period…
Offshore: OSV Market Report
The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil.
OSV Market: Which Way is Up?
Any analysis of markets for offshore service vessels (OSV) usually begins with analogies to rough weather, best of times/worst of times or similar. OSV expert Seabrokers, with a home base in Stavanger, Norway, in the February edition of its Seabreeze market report follows this convention with a description of the “feast or famine” conditions in the North Sea. Recent day rate action highlights the localized nature of markets for anchor handlers (AHT)…
Gulf Island Shipyards Sues Hornbeck Offshore
Gulf Island Shipyards (GIS) has sued Hornbeck Offshore over what it says is the wrongful termination of two shipyard construction contracts for the final two vessels…
Offshore Optimism is Cautiously on the Rise
Following the path of oil prices, consolidation also follows myriad financial crises. What happens next isn’t altogether clear, but the long, deep trough for offshore energy may finally be in our choppy wake.In mid 2017, financial turnaround and financial repairs specialist Alix Partners made a bold statement regarding the beleaguered Offshore Service Vessel (OSV) marketplace. In a July 2017 report…
Hornbeck Offshore Ride High on Q2 2014 Results
Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014. Vessel Counts: As of June 30, 2014, excluding two…
Eastern Launches another Hornbeck Offshore Vessel
Eastern Shipbuilding Group, Inc. announced the launching of the HOS BLACK ROCK (Hull 207) on Friday March 28, 2014 for Hornbeck Offshore Services, LLC. The HOS BLACK ROCK is Eastern’s third vessel in Hornbeck Offshore’s HOSMAX 310 class series. The launching event was held at Eastern’s Allanton facility with hundreds of Eastern Employees and Guests attending despite rainy weather. Attending from Hornbeck was Bill Krewsky, Director of Engineering and Project Management.
Hornbeck Offshore Net Income Doubled in Q4 2013
Covington, LA. headquartered Hornbeck Offshore Services, Inc. has announced its financial results for the fourth quarter ended December 31, 2013 with a year-on-year almost quarterly doubling of net income. The Company recorded net income for the fourth quarter of 2013 of $22.2 million, or $0.61 per diluted share, compared to net income of $11.3 million, or $0.31 per diluted share, for the year-ago quarter…
Genesis Energy Completes Hornbeck Offshore Deal
Genesis Energy has completed the previously announced acquisition of all the assets of the downstream transportation business of Hornbeck Offshore Transportation, LLC.
Hornbeck Offshore Announces Expiration of Cash Tender Offer
Hornbeck Offshore Services Inc. announced today that the previous cash tender offer (the "Offer") for any and all $300,000,000 aggregate principal amount of its 6.125 percent Senior Notes…
Hornbeck Offshore New Directors, Promotion of Exec Officer
Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that John T. Rynd and Kevin O. Meyers, Ph.D. have been appointed to its Board of Directors (the "Board"), effective June 23, 2011. Mr.
Hornbeck Offshore Announces Q1 2011 Results
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the first quarter ended March 31, 2011. First quarter 2011 revenues decreased 16.1% to $72.3 million compared to $86.2 million for the first quarter of 2010 and decreased 25.7% compared to $97.3 million for the fourth quarter of 2010. Operating income was $0.7 million, or 1.0% of revenues, for the first quarter of 2011 compared to $15.7 million…
Hornbeck Offshore Announces Q1 2011
COVINGTON, La., April 21, 2011 /PRNewswire via COMTEX/ -- Hornbeck Offshore Services, Inc. (NYSE: HOS) announced today that it will release its first quarter 2011 financial results at approximately 6:00 a.m. Eastern on Thursday, May 5, 2011. In conjunction with the release, the Company has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, May 5, 2011 at 10:00 a.m. Eastern (9:00 a.m. Central). Thursday, May 5, 2011 at 10:00 a.m. Eastern (9:00 a.m.
Hornbeck Offshore Q1 2010 Results
Hornbeck Offshore Services, Inc. (NYSE: HOS) announced results for the first quarter ended March 31, 2010. First quarter 2010 revenues decreased 21.4% to $86.2 million…