Hornbeck Offshore Services
| Company type | Private |
|---|---|
| Industry | Offshore supply vessels, oilfield services, shipping |
| Founded | 1997 |
| Headquarters | Covington , United States |
Area served | United States, Gulf of Mexico, select international locations |
| Products | Offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), shore-base logistics and specialized services |
| Website | hornbeckoffshore |
Hornbeck Offshore Services, via its subsidiaries, manages offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility delivering logistics and specialized services to the offshore oil and gas exploration and production sector. Its primary operational regions include the United States, the Gulf of Mexico, and select international locations. The firm caters to clients in exploration and production, oilfield services, offshore construction, and military sectors. Within its upstream division, Hornbeck owns and operates fleets of U.S.-flagged, next-generation OSVs alongside U.S.-owned DP-2 and DP-3 class MPSVs.
To concentrate on its principal activity of running a state-of-the-art OSV fleet mainly in the U.S. Gulf of Mexico, Hornbeck recently divested its ocean-going tugboats and product barge fleet to Genesis Energy.
The company has initiated its fifth newbuild program, which includes sixteen advanced, next-generation OSVs with options to expand the number of vessels depending on market demand. Construction contracts for these ships have been awarded to VT Halter Marine, Inc. in Pascagoula, Mississippi, and Eastern Shipbuilding in Panama City, Florida.
In 2018, Hornbeck established Hornbeck Trade Financing (HTF) to offer financial backing to maritime and oil industry enterprises while providing investors with opportunities for invoice financing.
On December 20, 2019, Hornbeck Offshore Services was removed from the New York Stock Exchange to reclaim greater control over its operational decisions.
Subsequently, on May 19, 2020, the company filed for Chapter 11 bankruptcy protection to reorganize its business structure.
See also
External links
- Companies formerly listed on the New York Stock Exchange
- Drilling rig operators
- Oilfield services companies
- Covington, Louisiana
- Companies based in Louisiana
- Shipping companies of the United States
- 1997 establishments in Louisiana
- American companies established in 1997
- Companies that filed for Chapter 11 bankruptcy in 2020
- Service companies of the United States