News

STATS has posted record trading results in 2023 with revenues increasing to £74.7 million, up by 26% while earnings rose 33% compared to 2022.

STATS Group has appointed Angus Bowie to the new position of Chief Technology Officer

STATS has appointed Andy Norrie as Head of Sales and Business Development for Europe as the pipeline technology specialist expands its sales team capacity in preparation for growth throughout the continent.

Pipeline engineering specialist STATS Group (STATS), a wholly owned subsidiary of Mitsui & Co., Ltd. (Mitsui), today announced that Chief Executive Officer (CEO) Leigh Howarth is stepping down in a planned leadership transition and will assume a Non-Executive Director role with the company.

Innovative new technology to isolate gas pipelines in need of repair or maintenance has shown to prevent gas leakages and cut carbon dioxide emissions by 95%.

STATS Group has appointed Jamie Frederick as President of its US operations as it gears up for further growth Stateside.

Increased concerns about energy security and the desire to support net-zero targets through innovative decommissioning projects are driving up demand for STATS SureConnect™ subsea clamps and connectors.

A number of completed landmark projects, greater market recognition and a long-standing policy of localisation, has strengthened STATS Group’s presence in Australia and the wider Asia Pacific hydrocarbon sector.

STATS Group has been named as the SME Employer of the Year in the engineering and construction industry’s annual awards.

STATS Group announced that it has executed a Share Purchase Agreement to sell 100% of the issued share capital of the Company to Mitsui.

STATS has signed an exclusive supply agreement for its products and services with Malaysia’s E&P O&M Services Sdn Bhd (EPOMS).

STATS Group has triumphed in the 2023 Scottish Engineering Awards collecting the Manufacturing Excellence Award.

STATS Group is targeting growth in the Scandinavian energy sector with a new distributor arrangement with a leading equipment and services supplier.

Silver lining as STATS Group mark 25th anniversary with 20% revenue growth forecast.

STATS Group has strengthened its management board with the appointment of Ross Wallace as director.

STATS North America is projecting 30% year-on-year growth in Canada, with more than 45% year-on-year growth in the US, underpinning an estimated 15% global growth for STATS Group.

STATS Group is adding more staff to its Middle East operations as the result of a post-Covid uptick in project activities, while one of its most experienced pipeline intervention experts has relocated to the region.

STATS (UK) Ltd increased revenues to just under £50 million while EBITDA earnings rose to £7.8 million from £6.5 million, its latest annual accounts show.

STATS Group are in a strong position to capitalise on new opportunities in the transition to more sustainable energy supplies and a carbon net-zero future.

STATS Group has won a prestigious industry award which marks its success in global markets.