Helix Acquires STL

Thursday, May 30, 2019

Houston-based services company Helix Energy Solutions Group, Inc. announced Thursday it has acquired a majority stake in Subsea Technologies Group Limited (STL), an Aberdeen-based subsea engineering company that specializes in the design and manufacture of world-class subsea pressure control equipment, including well intervention, well control and subsea control systems. Terms of the acquisition were not disclosed.

Scotty Sparks, Executive Vice President and Chief Operating Officer of Helix, said, “This acquisition provides Helix with a significant opportunity to offer in-house engineering services, product development and systems engineering, whilst also enabling us to accelerate the development of new well intervention technologies and provide an enhanced product and service offering.”

Drummond Lawson, co-founder and Chief Executive Officer of STL, added, “Joining Helix represents opportunities for company growth and to strengthen our capabilities, products and service offerings. STL will continue to provide industry leading service to our clients, and we look forward to engaging existing and new clients alike in those opportunities.”

Going forward STL will operate from Helix’s offices in Aberdeen, and Lawson, along with Chief Technical Officer Dave McKay, will continue in their current roles.

Categories: Equipment Mergers & Acquisitions Engineering Subsea Industry News Well Operations Workover Hardware

Related Stories

Digital Twin: Taking Shape of the Offshore Ecosystem

Icon Offshore Wins Petronas Contract

Kim Heng Offshore Wins New HDD Contract

ExxonMobil Looks to Sell Australian Assets

What Became of the Toisa OSV Fleet?

P-68 FPSO Ready for Deployment

Chevron to Boost St. Malo Production

Europa Lands High Impact Venture Offshore Morocco

Allseas Scores Gyda Platform Removal Job

Supply-side Paradox in a Supermajor Exit

Current News

Australia Reviewing Equinor Environmental Plan

Equinor, SSE Win Contract for Largest Offshore Wind Project

Liberator Pilot Well Plugged and Abandoned

Petrofac Sells Mexico Assets to Perenco

Petronas Q2 Profit Rises 8%

Allseas Scores Gyda Platform Removal Job

Monitoring, and Addressing, Crude Quality in Real-time

Dominion to Build Largest US Offshore Wind Farm

Maersk Drilling Rig Extended by Equinor

IUMI Reports Cut in Offshore Insurance Premiums

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week