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Excellence Rankings 2022

Rankings: Business Expansion

Business Expansion is one of our largest categories and looks at the core functions of business operations within the sector

By Mihail Spasov

Excellence Rankings 2022

The Excellence Rankings celebrate the greatest achievements and innovations in the industry. The programme provides a platform to recognise the people and companies that are driving change.

Our programme is designed to highlight excellence within the sector by looking at a range of corporate activities including deals, business projects and company initiatives, both internal and in the community.

What is Business Expansion?

Business Expansion is one of our largest categories and looks at the core functions of business operations within the sector.

This consists of any projects that have expanded the company’s footprint in the sector, including: contract wins; launching in new territories; launching new product lines; the acquisition and expansion of facilities and real estate; acquisition of new machinery or other assets; improved logistics; partnerships; and significant staff increases.

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Themes

The oil and gas industry has been facing global challenges including supply chain disruptions and a demand for a reduction in fossil fuel production. The industry has managed to keep pace with changes by working to develop alternative fuels and optimise transportation.

Natural gas is in increasingly high demand and we’ve seen the industry working to provide that need and developing the infrastructure necessary to deliver to consumers.

Exploring new regions for conventional fossil fuels is still a priority and challenge for the industry and the process of securing permits and developing exploration wells continues apace.

Ranking Categories

The companies in this category have been actively undertaking exploration for gas deposits in new regions.


The companies in this category have been engaged in providing imaging when surveying ground and underwater territories.


The companies in this category have been actively undertaking exploration for oil deposits in new regions.


The companies in this category have been actively securing the rights for exploration in new regions.


The companies in this category have been active on well inspection projects, with a focus on safety, low-carbon targets and discovering new deposits.


The companies in this category have been active on the design and manufacture of new LNG carriers, with a particular focus on expanding carrying capacity.


The companies in this category have been striking deals and undertaking projects to supply liquified natural gas to new regions.


Terminals help keep cargo safe and moving, especially when it comes to liquified natural gas. The companies in this category have been expanding terminals and building new ones, whether on or offshore.


Production of alternative fuels is crucial in the current environment. The companies in this category have been producing renewable fuels, biofuels as well as geothermal and ethylene alternatives.


The companies in this category have been developing digital infrastructure, whether digitalising oil fields or developing digital solutions.


The companies in this category have been active on projects relating to the preparation and exploitation of new deposits.


The companies in this category have been working hard on projects connected with engineering, procurement, construction, and installation of extraction rigs and facilities.


The companies in this category have been expanding production capabilities in shale, oil and gas.


The companies in this category have been installing production platforms and expanding the production capacity of gas fields.


Hydrogen is one of the innovative new fuel options that the industry has its eyes on. The companies in this category have been quick to begin developing projects to secure production.


The companies in this category have been expanding and securing permits for drilling operations offshore as well as deepwater drilling and providing solutions for drill-ships and platforms.


The companies in this category have been developing oil-producing wells and expanding production capacity.


Refineries are key to producing quality fuels. The companies in this category have been expanding and building new refinery facilities.


The companies in this category have been signing deals to construct new rigs both for deep-sea and offshore drilling.


The companies in this category have been securing contracts for subsea operations and installations.


The companies in this category have been manufacturing equipment for subsea operations such as umbilicals, compression modules and unmanned vessels.


The companies in this category have been securing contracts to build,operate or expand FPSO platforms.


The companies in this category have been working to provide effective transportation services, infrastructure and upgrades for the industry.


Transportation of hydrogen is a key step towards making it a wider-used fuel source. The companies in this category have been securing contracts to improve the distribution of this alternative fuel.


The companies in this category have been constructing pipelines as well as developing pipeline monitoring systems.


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