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

People & Company News

U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas

Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan

Diana Containerships Q2 & 1H 2014 Financial Results

Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014,

Mercator Lines Profit Hit by Low Bulk Freight Rate

Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.

Marine Equipment

MTN Lands Cruise Line SatCom Contracts

MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services.

Cummins Reports Revenue Jump in Q2 2014

Cummins Inc. reported its results for the second quarter of 2014. According to the report, second quarter revenue of $4.8 billion increased 7 percent from the same quarter in 2013.

Master Marine Delivers Z Drive Towboat

Master Marine, Inc. delivered its first 2,000 hp Z Drive inland river towboat last month. The towboat represents the first vessel (Entech Design) of this series by the yard.

 
 
Maritime Careers / Shipboard Positions Maritime Security Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair 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: 0.2240 sec (4 req/sec)