Helix Acquires STL

May 30, 2019

(Photo: Helix Energy Solutions Group)
(Photo: Helix Energy Solutions Group)

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.



Current News

Maersk Drilling Wins Contracts in Mexico

Maersk Drilling Wins Contracts in Mexico

New Cable Layer to Feature Seawater Cooling

New Cable Layer to Feature Seawater Cooling

US Offshore Wind Market Doubles in Size

US Offshore Wind Market Doubles in Size

Eni, IBM Use AI to Boost Data Analysis

Eni, IBM Use AI to Boost Data Analysis

SGRE, Ørsted Firm Up Taiwan OWP Project

SGRE, Ørsted Firm Up Taiwan OWP Project

Subsea Plow Delivered to Global Marine

Subsea Plow Delivered to Global Marine

Brent Bravo Arrives at Able Seaton Port

Brent Bravo Arrives at Able Seaton Port

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