Hornbeck

Hornbeck Offshore to Restructure as Impact from Low Oil Prices, Coronavirus Takes Toll

Hornbeck Offshore to Restructure as Impact from Low Oil Prices, Coronavirus Takes Toll

Stung by the decline in activity from low oil price and the coronavirus pandemic, Gulf of Mexico operator Hornbeck Offshore Services Inc. said it plans to file for Chapter 11 to restructure.

April 15, 2020
Mexico Uncertainty, GOM Challenges Concern Hornbeck Offshore

Mexico Uncertainty, GOM Challenges Concern Hornbeck Offshore

Gulf of Mexico (GOM) vessel supplier Hornbeck Offshore Services Inc. reported increased revenues in the third quarter, but the CEO warned that the market for supply vessels, tankers and barges remains “very challenging,” with operators unlikely to enter into long-term contracts without confidence on commodity prices and rising uncertainty over energy development in Mexico.

November 9, 2017
U.S. Onshore Rig Counts Stable, But GOM Drops Seven

U.S. Onshore Rig Counts Stable, But GOM Drops Seven

Driven by declines in the offshore Gulf of Mexico (GOM), the United States dropped four rigs during the week ended Aug. 4, according to data released by Baker Hughes Inc. (BHI).

August 4, 2017