Hornbeck-Helix complete all-stock merger, forming offshore services giant

Hornbeck Offshore and Helix Energy Solutions finalized their all-stock merger, creating a diversified offshore services firm spanning marine transport, subsea services, and well intervention. The deal consolidates two mid-cap players amid a recovering offshore energy market, though financial terms and combined balance sheet details remain undisclosed. The merger signals continued consolidation in the offshore services sector, potentially affecting competitive dynamics and supply.