Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012
Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012
Annual Report 2010 (PDF, 5.2MB) - Panalpina Annual Report 2012
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44<br />
Oil and Gas<br />
Despite a remarkably stable oil price in <strong>2010</strong>, the impact<br />
of the severe economic downswing in 2009 continued<br />
to be felt in this sector into <strong>2010</strong>. The events in the Gulf of<br />
Mexico in early <strong>2010</strong> had a negative impact on oilfield<br />
service companies (OFS) and rig operators this year but<br />
as a result, additional investments in equipment and<br />
resources to improve safety and reliability of offshore and<br />
onshore operations are now being made with a positive<br />
effect on equipment manufacturing and supply.<br />
position is built on strong pillars that include a strong commitment<br />
to the industry, a global network covering the<br />
horizontal industry axis (Houston, Aberdeen, Singapore),<br />
a presence in all major oil and gas exploration and production<br />
sites of the world, a dedicated management structure<br />
with profound industry and materials know-how,<br />
logistic solutions that comply with the industry high HSE<br />
and compliance standards, and of course customer<br />
recognition among them the industry’s best of the best.<br />
With over four decades’ experience in the oil and gas<br />
industry, <strong>Panalpina</strong> is perfectly positioned to support<br />
the industry in its recovery. <strong>Panalpina</strong>’s leading market<br />
<strong>Panalpina</strong> <strong>Annual</strong> <strong>Report</strong> <strong>2010</strong>