STATS Group Appoints First Middle East Director

(Press Release)
Friday, July 13, 2012
Angus Bowie, Regional Director Middle East North Africa

Pipeline engineering company, STATS Group, has appointed Angus Bowie as Regional Director for the Middle East North Africa (MENA) in a move which heralds a major expansion in the region.

Mr Bowie was previously Technical Director and has relocated from Aberdeen to Abu Dhabi where he will oversee the opening of new workshop and warehousing facilities and recruiting staff.

STATS Group was recently awarded a 10 year multi-million pound contract by Qatargas and views the Middle East as a key territory for dramatically growing the business and rolling out its patented pipeline isolation tools and services.

The Aberdeen-based company expects to invest around $5 million (£3.2 million) over the next three years in facilities and engineering and support staff in Qatar, Abu Dhabi and Ras al Khaimah, with Saudi Arabia and Oman also in its sights.

STATS Group chief executive officer, Pete Duguid, said the MENA region will contribute 30% of the company’s forecast £20 million revenue in 2012, growing substantially in successive years.

Mr Duguid said: “The MENA region is strategically important to the overall growth and development plans for STATS Group and it’s the primary focus of the business through 2012 to ensure we build a robust structure and function in the region. We have aligned with very strong sponsors across the region and plan to develop a strong presence in Saudi Arabia and Oman in the coming year.

“The intent is to develop all business streams in region whereby we will have the capacity to provide isolation and intervention services and a dedicated process plant solutions division offering shutdown rental services and hydrostatic testing. Our focus will also involve developing our subsea services position.”

Mr Bowie said: “The award by Qatargas to provide isolation services for its Emergency Pipeline Repair System is a game changer for us in the Middle East and it puts us in an excellent position to take advantage of the emerging EPRS sector in the Middle East.”

 “Our objective is to elevate STATS from a regional company to a global operation. The Middle East offers huge opportunities to do that and being based in Abu Dhabi I can work closely with our major clients and demonstrate our commitment to them and to the wider market.”

The company is now engaged in a recruitment campaign for engineering, technical, logistic and financial/administration staff to support the growth plan.
 


People & Company News

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Kongsberg Performs Well in Q2

Norwegian defence and marine technology company Kongsberg Gruppen's second quarter 2016 (Q2) financial results shows sales performance broadly in line with recent trends,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Offshore

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Onshore Spending on the Cusp of Recovery?

DW’s recently released quarterly World Oilfield Services Market Forecast (OFS) and World Oilfield Equipment Market Forecast (OFE) continue to suggest 2016 will

US Offshore Lease Sale Yields $18 Mln in High Bids

Today’s U.S. oil and gas Lease Sale 248 garnered $18,067,020 in high bids for 24 tracts covering 138,240 acres in the Western Gulf of Mexico Planning Area, announced

Energy

Keppel to Deliver First North Sea FPSO

Keppel Offshore & Marine (Keppel O&M)'s wholly-owned subsidiary Keppel Shipyard Ltd (Keppel Shipyard) is on track to deliver a Floating Production Storage and Offloading

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

ABS Makes it Safer to ‘Walk to Work’

ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers.

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Pod Propulsion Port Authority Ship Electronics Ship Simulators Shipbuilding / Vessel Construction
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1216 sec (8 req/sec)