Helix (NYSE: HLX) extends subsea well intervention alliance term
Rhea-AI Filing Summary
Helix Energy Solutions Group, Inc. entered into Amendment No. 2 to its Strategic Alliance Agreement with multiple Schlumberger-affiliated entities on February 12, 2026. This amendment extends their existing subsea well intervention alliance by nine months, moving the expiration date from January 5, 2026 to October 5, 2026.
The alliance covers the global design, development, manufacturing, promotion, marketing and sale of integrated equipment and services for subsea well intervention systems, signaling continued collaboration between Helix and its partners for at least the extended term.
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8-K Event Classification
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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Item 1.01. Entry into a Material Definitive Agreement.
On February 12, 2026, Helix Energy Solutions Group, Inc. (“Helix”), OneSubsea LLC, OneSubsea UK Limited, Schlumberger Technology Corporation, Schlumberger B.V. and Schlumberger Oilfield Holdings Ltd. entered into an amendment (“Amendment No. 2”) 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 was previously amended to extend the term until January 5, 2026. Amendment No. 2 further extends the term of the Alliance Agreement by nine months until October 5, 2026. The foregoing description of Amendment No. 2 does not purport to be complete and is qualified in its entirety by reference to Amendment No.2, 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 13, 2026 | | ||
HELIX ENERGY SOLUTIONS GROUP, INC. | |||
By: | /s/ Kenneth E. Neikirk | ||
Kenneth E. Neikirk | |||
Executive Vice President, General Counsel and Corporate Secretary | |||