Helix Acquires Aberdeen-Based Subsea Company

Source: www.gulfoilandgas.com 5/30/2019, Location: North America

Helix Energy Solutions Group has acquired a majority stake in Aberdeen-based Subsea Technologies Group Limited (STL), Helix announced.

Helix, which has its headquarters in Houston, is an international offshore energy services company focusing on well intervention and robotics operations.

STL specializes in the design and manufacture of subsea pressure control equipment, including well intervention, well control and subsea control systems.

“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,” Helix executive vice president and COO Scotty Sparks said in a release.

STL’s CEO Drummond Lawson expressed his excitement about the acquisition, stating it would represent opportunities for company growth.

STL will operate from Helix’s offices in Aberdeen, while Lawson and chief technology officer Dave McKay will continue in their current roles.

Further details around the terms of the acquisition were not disclosed.


United Kingdom >>  7/5/2022 - THREE60 Energy has acquired well and pipeline operator and well management specialist, Fraser Well Management, broadening and strengthening the compan...
United States >>  7/5/2022 - Helix Energy Solutions Group, Inc. ("Helix") (HLX) announced the completion of the previously announced acquisition of all of the equity interests of ...

France >>  7/4/2022 - CGG announced that Sercel, its Sensing & Monitoring division, was selected as the successful bidder for the acquisition of ION Geophysical Corporation...
United Kingdom >>  7/4/2022 - Ithaca Energy is pleased to announce that its acquisition of Siccar Point Energy, announced on 7 April 2022, has completed with all conditions having ...

Bermuda >>  7/1/2022 - Golar LNG Limited ("Golar") announces that it has sold to Cool Company Ltd. (“CoolCo”) the management organization responsible for the technical and c...
Norway >>  7/1/2022 - TGS ASA has acquired Prediktor AS ("Prediktor"), a leading provider of asset management and real-time data management solutions to renewable and energ...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 


Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.