Hornbeck Offshore Services, Inc. (NYSE: HOS) announced on Nov. 2, 2026, that it has entered into multiple agreements with Shell Offshore Inc. to provide services in the U.S. Gulf of America.

Agreement Overview

Under the agreements, Hornbeck will deliver a comprehensive range of integrated deepwater services, including riser-based well intervention, riserless well intervention stimulation support, and marine transportation. The announcement was made jointly from Houston and Covington, Louisiana, where Hornbeck is headquartered.

Hornbeck describes itself as a premier integrated offshore services company and a global offshore services leader providing marine and subsea solutions to customers across the deepwater oilfield, defense, and renewables industries.

Vessel Deployments Planned

In furtherance of the agreements, Hornbeck expects to deploy three categories of assets.

First, a technologically advanced riser-based Well Intervention Vessel, combined with an Intervention Riser System (IRS), Remotely Operated Vehicles (ROVs), and Project Management and Engineering services.

Second, the company plans to deploy a high-specification Multi-Purpose Support Vessel, also combined with ROVs and Project Management and Engineering services.

Third, Hornbeck will provide Deepwater Jones Act-compliant Offshore Supply Vessel(s) supporting the Well Intervention Vessel and the Multi-Purpose Support Vessel.

Contract Duration and Timing

Operations under the agreements are scheduled to commence in 2027. The riser-based Well Intervention Vessel and its support vessel are contracted for a term of five years.

Leadership Commentary

Todd M. Hornbeck, Hornbeck's President and CEO, commented on the announcement: "We are excited to expand our longstanding relationship with Shell. We look forward to delivering integrated services through a unique combination of high-specification assets in the deepwater basins of the U.S. Gulf of America. This exemplifies the breadth and depth of what the complementary combination of Hornbeck Offshore and Helix Energy Solutions can now deliver to the market."

Contact Information

Investor and media contacts listed in the release include Potter Adams, Executive Vice President and CFO, as well as Ken Dennard and Alex Harp of Dennard Lascar Investor Relations.

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