PSN Company News

John Wood Group PLC has entered into an agreement to acquire PSN Limited (PSN) for a total enterprise value of US$955 million. PSN will merge with Wood Groups Production Facilities business to create the leading global brownfield production servic

The record 5 year contract is worth in excess of $500MM to PSN and includes the provision of integrated services to 8 of Shell's North Sea assets.

Cosalt Offshore has been awarded a three-year contract extension by PSN to supply all its lifting and tooling equipment requirements in the North Sea.

PSN, an independent oil and gas service company, is the latest organization to join the Industry's Technology Facilitator, ITF.

PSN has secured a four year, multi-million US dollar contract extension to provide Operation and Maintenance Services on KNOC's Rong Doi and Rong Doi Tay Gas Field Development Project in Vietnam.

PSN has secured a one year contract extension from Chevron to provide Engineering and Construction Support to its UK assets.

Production Services Network announced the appointment of Jacques LeBlanc as the new Vice President of Engineering and Construction for the U.S.

Production Services Network has won a significant contract in Romania with Petrom EP for which the Company will support Petrom's five onshore oil and gas production assets across Romania.

PSN, has reported strong earnings growth for the year ended December 31, 2007, performing well ahead of planned expectations and continuing to invest in long-term sustainable growth.

PSN Australia has announced the appointment of Matt Gavin to the newly created position of General Manager.

PSN has been awarded two contracts worth $100million by Nexen Petroleum U.K. Limited. The first is a two-year contract extension, worth over $50million, to continue operations and maintenance support for the Buzzard and Scott/Telford platforms.

Pisys secures a deal with international service contractor PSN to provide systems designed to help manage complex oil and gas projects.

PSN Australia has been awarded its first engineering services contract with Origin Energy.

PSN has secured a new joint venture with Sakhalin Technical Services Network, signing a multi-million dollar contract with a major operator on Sakhalin Island.