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STATS Group posts profit on back of international success

Pipeline technology specialist STATS (UK) Ltd generated revenues of £39.1m and EBITDA earnings of £5.6m according to its annual accounts as at 31 December 2019.

Despite the impact of the COVID-19 pandemic and the fall in the price of oil, STATS said it was confident its 2020 performance and activity levels would be broadly consistent with those of 2019.

While revenues dropped by 10%, down from £43.4m, the accounts noted that the largest ever contract completed by STATS, for a major Abu Dhabi client, had made a significant contribution to its 2018 results.

Based in Kintore, near Aberdeen, UK, STATS’ principal activity is the provision of pressurised pipeline isolation, hot tapping and plugging services to the global oil, gas and petrochemical industries.

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For more information:

www.statsgroup.com

Social Intertek launches Protek media

Intertek, the FTSE 100 total quality assurance provider, has launched COVID-19 surface hygiene testing for the UK offshore oil and gas market as part of its Protek offering – the world’s first health, safety and round upwellbeing assurance programme for people, workplaces and public spaces. We want to use every opportunity to connect with our members, so please follow us on Twitter (@TheEICEnergy The swabbing and testing of ) and connect with us on LinkedIn surfaces for the presence of – COVID-19 is an essential part of EIC (Energy Industries Council) any strategy to verify that cleaning Below you’ll find a selection of some of the exciting practices are fit for purpose EIC activities and useful industry information we’ve and have reduced the risk of shared through our social media channels.employees contracting the virus. This is particularly important on offshore installations where there

The EIC

is a high volume of personnel in an AssetMap enclosed space. Initial studies have @TheEICEnergy Search for operational assets in key energy shown that COVID-19 can survive EICAssetMap, the EIC’s O&M markets around the world in all energy sectors to find for significant periods of time on database, maps major energy assets new O&M business opportunities certain surfaces and it is for these reasons that an effective verification across all sectors and now covers Africa! To book a demo please visit: bit.ly/30AXx5k now including Africa

programme is needed. Intertek utilises Reverse The EIC Transcription quantitative Polymerase Chain Reaction (RT-@TheEICEnergy qPCR), the same method used There will be no physical element to by governments worldwide for the this year’s ADIPEC, but the EIC is delighted to LIVE e-vents detection of the SARS-CoV-2 virus. bring you a series of webinars throughout the week. Secure your place today: bit.ly/35mL7j1

EIC (Energy Industries Council)

Visit Virtual EIC Connect Saudi Arabia on 24-25 November 2020. Open to EIC members and non-members. Book your place today: www.the-eic.com/ Events/EICConnect/VirtualSaudiArabia

24-25 November 2020 CONNECT

Virtual Saudi Arabia

BOOKING NOW

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