Helix Energy takes majority stake in Subsea Technologies Group

Houston-based offshore energy services firm Helix Energy Solutions has bought a majority stake in Aberdeen-based Subsea Technologies Group Limited (STL).

STL is a subsea engineering company specializing in the design and manufacture of subsea pressure control equipment, including well intervention, well control and subsea control systems.  The companies did not disclose terms of the acquisition.

Scotty Sparks, Executive Vice President and Chief Operating Officer of Helix, stated: “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: “We are excited about the acquisition, as 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.

Offshore Energy Today Staff

Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email.

Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. 

If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.