Burnley based Pipeline Induction Heat (PIH) a pipeline construction services provider, has won the prestigious Energy Industries Council (EIC) Company of the Year Award, in addition to the Diversification Award at the EIC 2019 National Awards Dinner held in London on 3 October.
After a reboot of the company’s business model, PIH successfully implemented a plan to grow exports and diversify its client base and service offering.
The company has retained its number one market position, in a reduced market size, while protecting its core workforce.
Seven other awards based on a range of eight strategies featured in the third edition of EIC’s Survive & Thrive insight report, which studied how businesses have employed to grow, against a backdrop of a cautious oil and gas market recovery and focus on decarbonisation, and Brexit uncertainty, were also handed out during the black-tie event attended by just under 300 guests.
The gala evening, one of the industry’s premier award ceremonies, included after dinner entertainment from TV personality and comedian Dara Ó Briain, best known for his work on Mock the Week and the Apprentice.
Winning companies have successfully demonstrated how they have adapted and implemented one or more of these strategies to remain competitive and grow in the current challenging economic climate.
The Innovation award was taken home by Hughes Safety Showers who landed the prize for their innovative cooling technology for emergency safety shower.
The Digital Award, a category launched at last year’s event, was awarded to integrated Engineering Services company Booth Welsh who has boosted market differentiation by offering digital ready products. The company also landed the Optimisation award.
Proserv’s successful strategy of boosting growth through service localisation in the Middle East, saw the global firm scoop the Export Award.
Balmoral Offshore Engineering landed the Service and Solutions and Collaboration Awards. The judging panel was impressed by its collaboration and early engagement strategy.
The Technology Award was collected by Stavanger based company Yokowaga TechInvent, who invented a game-changing solution to chemical injection control.
In addition to the company prizes, EIC, in partnership with the Robert Gordon University, presented the EIC/RGU Rising Star MBA Award to Brian Geddes of Infrastructure solutions business px.
The award is designed to develop future leaders of the oil and gas industry by providing full tuition fees (worth £17 000) for the Robert Gordon University’s MBA Oil and Gas Management course.
Commenting at the ceremony EIC CEO Stuart Broadley said, “It’s been another fantastic night, with great food, entertainment and of course great company – our members are without a doubt some of the hardest working and most dedicated people in the energy industry anywhere in the world. These awards are highly sought after as they truly reward those UK businesses of all sizes and sectors with the most exciting growth strategies.”
Read the article online at: https://www.worldpipelines.com/business-news/04102019/pih-wins-eic-company-of-the-year-award/