STATS Group Add Directors to Boost International Expansion

Press Release
Thursday, April 19, 2012
STATS Group directors (From Left to right) Graeme Coutts and Leigh Howarth with STATS Group CEO Pete Duguid (Photo: STATS Group).

Pipeline isolation specialist STATS Group has appointed two new directors, as it gears up for major international expansion, following a £7.8 million equity investment.

Former Expro executive chairman Graeme Coutts takes on a non-executive role in what is his first appointment since retiring from the global oilfield services company last year.

Leigh Howarth, former managing director of Petrofac Training Services, has joined the STATS Group board as chief financial officer.

Both directors were introduced to STATS by the Business Growth Fund (BGF), which recently acquired an £7.8 million equity stake in the Aberdeenshire-based company. BGF was established to help the UK’s fast-growing smaller and medium-sized businesses, and the STATS investment marked the fund’s entry to the oil and gas industry.

“The caliber of both Graeme and Leigh is outstanding, and their appointments are a statement of clear intent that our business is embarking on an exciting new stage of development,” said STATS Group chief executive officer Pete Duguid. “Our patented tools and engineering skills are in widespread demand, and both Graeme and Leigh’s extensive international experience will be instrumental in ensuring that STATS achieves its full potential and captures a significant slice of the global pipeline isolation and integrity market.”

STATS Group designs, manufactures, installs and deploys a range of pipeline isolation tools which can make significant savings for oil and gas producers by limiting downtime in event of the need to isolate or shutdown a pipeline. Based in Kintore, near Aberdeen, the company employs 130 people in the UK, Canada, Middle East and Asia Pacific regions.

 

Maritime Reporter August 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

ONR Funds UW Oceanographic R/V Refit Contract

The US Department of Defense informs that the University of Washington (UW), Seattle, Washington, is being awarded a $12,776,050 cost reimbursement contract for

Navy, Other Agencies, Award Bio-refinery Contracts to 3 Firms

As part of a 2011 Presidential directive, the Departments of Navy, Energy, and Agriculture have announced that three companies have been awarded contracts to construct

NNS Identify 124 Employees as 'Models of Excellence'

Huntington Ingalls Industries says that 124 employees from the company's Newport News Shipbuilding division have been recognized with Model of Excellence (MOE) awards.

Marine Equipment

EMGS - New Contract in the Norwegian Sea

Electromagnetic Geoservices ASA (EMGS) announced an agreement from Statoil Petroleum AS for the Norwegian Sea. EMGS has now received a new contract from another oil and gas company worth USD 1.

Lilaas Engages Imtra for N. American Distribution

Strong prospects in the North American marine equipment market have triggered a new importation and distribution agreement between control specialist Lilaas

Sulzer Shareholder has 5 pct Dresser-Rand Stake

Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle.

 
 
Maritime Standards Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | 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: 0.4658 sec (2 req/sec)