Helix Energy Solutions’ (HLX) Long-Standing CEO Set to Retire

Group 1 - Helix Energy Solutions Group, Inc. (NYSE:HLX) experienced a share price decline of 5.11% from December 17 to December 24, 2025, ranking among the energy stocks that lost the most during that week [1] - The company announced the retirement of its long-standing President and CEO, Owen Kratz, who has been with the company since 1984 and CEO since 1997, with plans for a smooth leadership transition [3] - Helix Energy Solutions secured a multi-year contract for riserless plug-and-abandonment operations on up to 34 subsea wells in the UK North Sea, highlighting its position as a leading decommissioning provider [4] Group 2 - The contract work is set to begin next year and will involve pipeline flushing, disconnection, and well plug-and-abandonment, showcasing the company's operational capabilities [4] - The Executive Vice President and COO, Scotty Sparks, emphasized the importance of this contract in demonstrating Helix's integrated assets and operational track record in the decommissioning sector [4]