Helix Energy sells shallow water business to Chouest for $107.5 million
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Helix Energy Solutions Sells Shallow Water Abandonment Business to the Chouest Group
May 4, 2026 7:00 AM EDTTransaction Supports Helixs Strategic Focus on Deepwater Operations
HOUSTON--(BUSINESS WIRE)-- Helix Energy Solutions Group, Inc. (Helix) (NYSE: HLX) announced today the sale of all of the equity interests of its Gulf of America-focused Shallow Water Abandonment business to C-Dive, LLC, a member of the Chouest group of companies, for $107.5 million cash at closing, to be adjusted for working capital and other transaction expenses.
The divestiture, which was signed and closed May 1, follows Helixs recent announcement of its entry into a definitive agreement with Hornbeck... More
