Hornbeck Offshore Services, Inc 8-K, filed Feb 21, 2025
Hornbeck Offshore Services, Inc. (HOS)
About this 8-K
Hornbeck Offshore Services, Inc filed this 8-K on February 21, 2025.
Items reported
- Item 1.01: Entered into a material agreement
- Item 9.01: Financial statements and exhibits
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Item 1.01. Entry into a Material Definitive Agreement.
On February 17, 2025, Helix Energy Solutions Group, Inc. (“Helix”), OneSubsea LLC, Cameron Lux V Sarl, as successor in interest to OneSubsea B.V., OneSubsea UK Limited, Schlumberger Technology Corporation, Schlumberger B.V. and Schlumberger Oilfield Holdings Ltd. entered into an Amendment and Assignment Agreement (the “Amendment”) to the Strategic Alliance Agreement entered into by the parties on January 5, 2015 (as amended, the “Alliance Agreement”). The Alliance Agreement provides the terms for the parties’ strategic alliance to design, develop, manufacture, promote, market and sell on a global basis integrated equipment and services for subsea well intervention systems. The Alliance Agreement originally provided for a ten-year term and the Amendment extends the term of the Alliance Agreement for one year until January 5, 2026. The foregoing description of the Amendment does not purport to be complete and is qualified in its entirety by reference to the Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: February 21, 2025 |
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| | HELIX ENERGY SOLUTIONS GROUP, INC. | |
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| By: | /s/ Kenneth E. Neikirk | |
| | | Kenneth E. Neikirk |
| | | Executive Vice President, General Counsel and Corporate Secretary |
EXHIBIT 10.1
AMENDMENT AND ASSIGNMENT AGREEMENT
TO STRATEGIC ALLIANCE AGREEMENT
This AMENDMENT AND ASSIGNMENT AGREEMENT TO STRATEGIC ALLIANCE AGREEMENT (“Amendment and Assignment Agreement”) dated as of January 30, 2025 (the “Effective Date”) is made among OneSubsea LLC (“OSSLLC”), Cameron Lux V Sarl (“CLVS”), as successor in interest to OneSubsea B.V. (“OSSBV”), OneSubsea UK Limited (“OSSUK”), Schlumberger Technology Corporation (“STC”), Schlumberger B.V. (“SBV”), Schlumberger Oilfield Holdings Ltd. (“SOHL”) and Helix Energy Solutions Group, Inc. (“Helix”).
RECITALS
| A. | OSSLLC, OSSBV, STC, SBV, SOHL and Helix have entered into that certain Strategic Alliance Agreement dated January 5, 2015 (as amended from time to time, the “Contract”). |
| B. | OSSBV has ultimately became CLVS, which is now the successor in interest to OSSBV under the Contract. |
| C. | CLVS desires to assign all of its rights, liabilities and interest in, to and under the Contract to OSSUK, OSSUK wishes to accept such assignment, and each OSSLLC, STC, SBV, SOHL and Helix wishes to consent to the assignment of the Contract to OSS UK pursuant to Section 14.7 of the Contract. |
| D. | OSSLLC, OSSUK, STC, SBV, SOHL and Helix agree to extend the term of the Contract pursuant to Section 12.3 of the Contract. |
| E. | NOW, THEREFORE, in consideration of the above, the mutual covenants and agreements herein set forth, and other good and valuable consideration, the receipt and sufficiency of which is acknowledged by each of the parties hereto, the parties hereto agree as follows: |
| 1. | assignment AND ASSUMPTION |
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| 2. | CONTRACT EXTENSION |
OSSLLC, OSSUK, STC, SBV, SOHL and Helix agree to extend the term of the Contract for an additional period of one (1) year from January 5, 2025 pursuant to Section 12.3 of the Contract.
| 3. | Governing Law |
This Amendment and Assignment Agreement is governed, construed, interpreted, enforced and the relations between the parties determined in accordance with the laws as established in the Contract, without regard to choice of law rules.
| 4. | Counterparts. |
This Amendment and Assignment Agreement may be executed in any number of counterparts, each of which will be deemed an original of this Amendment and Assignment Agreement, and which together will constitute one and the same instrument. No party will be bound to this Amendment and Assignment Agreement unless and until all parties have executed a counterpart.
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The parties have executed this Amendment and Assignment Agreement to be effective as of the Effective Date, as evidenced by the following signatures of authorized representatives of the parties:
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OneSubsea LLC | Cameron Lux V Sarl |
Signature: | Signature: |
/s/ Nurzhan Ongaltayev Vice President | /s/ Daniel Morrison Director |
OneSubsea UK Limited | Schlumberger Technology Corporation |
Signature: | Signature: |
/s/ Simon McCloud Director | /s/ Nicklus Cune Vice President |
Schlumberger B.V. | Schlumberger Oilfield Holdings Ltd. |
Signature: | Signature: |
/s/ Colin Beddall Director | /s/ Rachael Pape Vice President |
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Helix Energy Solutions Group, Inc. |
Signature: |
/s/ Scotty Sparks EVP and Chief Operating Officer |
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