What happened to Cal Dive?

What happened to Cal Dive?

Oil-and-gas contractor hurt by project suspensions and plummeting oil prices. Cal Dive International Inc. has filed for Chapter 11 bankruptcy protection, planning to operate normally while it looks to reorganize or sell its core subsea contracting business.

Is Cal Dive International still in business?

According to a statement by Cal Dive, during the reorganization process, the Company and its subsidiaries will continue to operate in the ordinary course, including completing the existing construction projects in Mexico for Pemex, and other ongoing diving and offshore construction projects for its customers worldwide.

What is Cal Dive International?

The company is a global provider of offshore services in well intervention and ROV operations of new and existing oil and gas fields . 1980 – Oceaneering executives, Lad Handleman, John Swinden, Don Sites and Rick Foreman left the company and named their new company Cal Dive International.

Could Cal Dive Intl now offer ROV services?

With the acquisition of Canyon Offshore, Cal Dive Intl. could now offer operators ROV, intervention and cable/flowline burial services. 2002 – The world’s first deepsea well intervention semi-submersible, the Q4000, is launched into service in the Gulf of Mexico.

What happened to Cal Dive In 1996?

1996 – Cal Dive Intl. acquires the Uncle John semi-submersible drilling rig and extends the company’s well intervention capabilities. Cal Dive Intl. also purchased offshore energy company Aquaitica Inc. which was the company’s first corporate acquisition and added four shallow water diving support vessels to its fleet.

Who is the CEO of Cal Dive?

Cal Dive Intl. also purchased offshore energy company Aquaitica Inc. which was the company’s first corporate acquisition and added four shallow water diving support vessels to its fleet. 1997 –Kratz succeeds Reuhl as CEO.