Recession Loosens Grip on Oil and Gas

LONDON, October 22, 2010 - The last year has been a period of intense scrutiny for the oil and gas
industry because of an increasingly environment-conscious public and, of
course, the prominence of the BP oil spills in the Gulf of Mexico and the
Timor Sea. However the oil and gas industry will play a critical role in
driving the global economy for the foreseeable future, and given the
industry's ability to innovate, there is no reason why it will not continue
to be a major contributor to the economy of the future.

Congratulations to those companies recognised for their valuable
contributions.

    Oil and Gas Awards - 2010

    Best Fully Integrated Oil & Gas Company

    Petrobras

    Best Oil & Gas Exploration Company

    Ophir Energy plc

    Best Down-Stream Oil & Gas Company

    ARMO Sh.A.

    Best Independent Oil & Gas Company

    PTT Public Company Limited

    Best Oil & Gas Piping Service & Solutions Company

    Canadoil Group

    Best Oil & Gas Drilling Contractor

    OGEC Cracow Ltd

    Best Innovation in Refining Technology

    ARMO Sh.A.

    Best Innovation in Drilling Technology

    Baker Hughes

    Best Innovation in Exploration Technology

    Geokinetics

    Best Oil & Gas Clean Energy Company

    PTT Public Company Limited

    Best Oil & Gas Trading Technology

    Company

    Oil Space Inc

    Best Oil & Gas Commodity Traders

    CME Group

    Best Oil & Gas Investment Company

    Avelar Energy

    Best Oil & Gas Drilling Joint Venture Company

    Green Dragon Gas

    Best Oil Project

    Sakhalin Oil Project (Sakhalin Energy)

    Best Gas Project

    Shizhuang North & South Blocks (Green Dragon Gas)

    Best Oil Sands Company

    Husky Oil Sands

    Best Oil Sands Project

    Athabasca Oil Sands

    Best Oil & Gas Law Firm

    Baker Potts

    Best Health & Safety Company

    Abermed

    Best Oil & Gas EPC Companies:

    Western Europe

    GE Oil & Gas

    Eastern Europe

    OMZ

    North America

    Chevron

    Latin America

    Odebrecht

    Asia

    Posh Semco

    Oceania

    Uhde Shedden GmbH

    Middle-East

    Al Hassan Group

    Africa

    Mott MacDonald

Notes for editors:

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    For further media information contact:
    Michael McCaw
    Editorial Department

    World Finance
    +44(0)20-7014-0370
    michael@worldfinance.com

For further media information contact: Michael McCaw, Editorial Department, World Finance, +44(0)20-7014-0370, michael at worldfinance.com