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Is Hornbeck Offshore still in business?

Is Hornbeck Offshore still in business?

On 20 December 2019, Hornbeck was de-listed from the NYSE. On May 19, 2020, Hornbeck Offshore Services filed for Chapter 11 bankruptcy. They have more than $1.2 billion in debt on the books, with the largest unsecured creditor being Wilmington Trust National Association, which is owed $675 million plus interest.

What does Hornbeck Offshore do?

We are a leading provider of marine transportation services to exploration and production, oilfield service, offshore construction and military customers.

How many employees does Hornbeck Offshore have?

1,200 employees
Headquartered in Louisiana with 1,200 employees, the company provides innovative, technologically-advanced solutions to meet the increasingly more complex drilling and vessel needs of the deep-water and ultra-deep-water energy industry.

What is Hornbeck?

Hornbeck is a town in Vernon Parish, Louisiana, United States. The population was 480 at the 2010 census, up from 435 in 2000. It is part of the Fort Polk South Micropolitan Statistical Area.

Who owns Hornbeck Offshore?

Larry Hornbeck
Larry Hornbeck brings to the Board a deep understanding of the operations of a public company in the offshore service vessel industry. With his many years of experience as both Chief Executive Officer and Chairman of the Board of the original Hornbeck Offshore Services, Inc.

Is Hornbeck Offshore publicly traded?

Hornbeck Offshore Services Inc. (HOS) announced yesterday that its common stock commenced trading on the OTC Pink marketplace (OTC Pink) Dec. 23. The transition to the “pink sheets” comes after the New York Stock Exchange (NYSE) announced that trading of HOS common stock was suspended after the market closed on Dec.

Is Hornbeck Offshore a good company to work for?

Is Hornbeck Offshore a good company to work for? Hornbeck Offshore has an overall rating of 3.4 out of 5, based on over 135 reviews left anonymously by employees. 63% of employees would recommend working at Hornbeck Offshore to a friend and 38% have a positive outlook for the business.

What are offshore services?

Offshore outsourcing is the process of outsourcing IT or IT-enabled processes and services to a service provider in a different country. It is a form of the outsourcing process that uses a service provider that is not in the same country and often not on the same continent as the company paying for services.

Can you buy Hornbeck Offshore stock?

What is Hornbeck Offshore Services’ stock price today? One share of HOS stock can currently be purchased for approximately $0.30.

How much does Hornbeck Offshore pay?

Hornbeck Offshore Salaries The average estimated annual salary, including base and bonus, at Hornbeck Offshore is $118,001, or $56 per hour, while the estimated median salary is $118,634, or $57 per hour.

Is Hornbeck a good company?

What companies are offshore?

Top 10 Offshore Companies

  • Royal Dutch Shell – Netherlands. Royal Dutch Shell is a global energy and petrochemicals producing company.
  • BP – Britain.
  • Toyota Motor – Japan.
  • Sinopec – China.
  • State Grid – China.
  • AXA – France.
  • China National Petroleum – China.
  • ING Group – Netherlands.

Is offshore company legal?

Under the law, setting up an offshore company is not an offence or crime if the company is not involved in any illegal activity. However, those who have not declared these companies in their returns as assets can face legal action.

Is an offshore company Illegal?

Key Takeaways: Using the services of a bank outside of your home country is not illegal if it is done for legitimate reasons. Some foreign banks will start an account from a foreign customer with as little as $300 while others will not do business at all with foreign customers because of compliance requirements.

Who outsources to USA?

Top US companies that outsource their operations

1. Google Multinational technology company
2. Facebook Social media conglomerate
3. Unitedhealth Group American managed health care company
4. Wells Fargo Financial services firm
5. Nike Footwear manufacturing company

Which country is the best for offshore company?

5 Best Countries for an Offshore Company Registration

  1. Hong Kong. Hong Kong, while a part of the People’s Republic of China, has a legal system that follows the English common law.
  2. Panama.
  3. Bahamas.
  4. Cayman Islands.
  5. Cyprus.