Effective May 14, 2013, Cal Dive International Inc. amended its Amended and Restated Certificate of Incorporation to remove in its entirety Article XII thereof, which contained limitations on foreign ownership and control of the company's capital stock and foreign status of certain officers and directors.

Cal Dive International Inc. announced that it has been awarded two additional contracts from Pemex Exploración y Producción that are expected to generate combined total revenues of approximately $188 million. The first contract is for the procurement, installation and commissioning of 47 kilometers of 20 inch subsea pipeline and associated tie-ins to an existing platform. This contract is expected to generate revenues of approximately $129 million and will utilize two of the Company's vessels as well as a third party vessel. The offshore construction is expected to commence in the third quarter 2013 with a portion of the work expected to be performed during the first quarter 2014. The second contract is for the procurement, installation and commissioning of nine kilometers of two medium diameter subsea pipelines and associated tie-ins to existing platforms. This contract is expected to generate revenues of approximately $59 million and will utilize a third party vessel and a Company dive support vessel. The offshore construction for this contract is expected to commence in the fourth quarter 2013 and is expected to be completed by the end of the second quarter 2014. On a combined basis, approximately 50% - 60% of the contracts are expected to be performed during 2013.

Cal Dive International Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, revenues increased by $20.9 million to $80.9 million compared to the first quarter 2012. The 35% increase in revenues is primarily attributable to the Uncle John working for nearly the entire quarter compared to no utilization during the same quarter last year due to its regulatory drydock. Also, higher revenue in Australia from increased activity and a large lump sum project as well as activity in West Africa provided significant revenue growth from last year. These increases were offset by lower utilization and pricing for the company's domestic diving fleet and low construction activity. Loss before income tax was $28.34 million against $33.41 million a year ago. Net loss was $19.02 million against $25.02 million a year ago. Loss attributable to Cal Dive was $17.65 million or $0.19 basic and diluted per share against $24.30 million or $0.26 basic and diluted per share a year ago. EBITDA was $6.52 million against $11.95 million a year ago. Net debt was $0.149 million.