– Revenue up 4% in 2019 to £256m
– With continued investment in new technology and international development costs, operating profit is £1.1m.
– Continuing to invest to support the next phase of growth with market conditions improving
– Demand for Peterson services, fourth-party logistics (4PL) concepts and technology expected to grow with the ongoing focus on efficiency across the supply chain
– Our portfolio of companies performed strongly in the market
– The Peterson and Control Union Group reported a robust overall global Group result in 2019, demonstrating a strong balance sheet without significant loan capital
– Headcount in 2019 down 10% to 1027 due to several factors, including retirements and employees transferring to other parts of the Peterson and Control Union Group business
– Moving into 2020, COVID impacts activity levels across all sectors and impacts the oil price and demand, changes to the way of working in response
– Positive HSEQ performance throughout the year with LTIF and TRCF maintained well below the industry average, with the UK and Trinidad and Tobago Operations both reporting zero lost time Incidents in 2019
International energy logistics provider Peterson has achieved two major milestones with the successful arrival of the 14,200 tonne Ninian Northern topside at the company’s base in Shetland and a record 50 structures received for decommissioning in Great Yarmouth Port.
Today is a very special day for all of us at Peterson and Control Union; It's our 100 year birthday.
through a greater focus on digital collaboration across the entire supply chain.
Now is the time to fundamentally change the way the oil and gas industry operates
International energy logistics provider Peterson has been awarded an aviation handling contract from helicopter operator NHV to support NHV, NAM and Shell UK for the Southern North Sea.
There is no doubt that the double hit of COVID-19 and the continuing low oil price have left our industry in crisis. What is also not in doubt is that collectively we have never had a greater opportunity for meaningful change.