Argus Wins Queen’s Award for Enterprise for Second Time

April 21, 2009

LONDON, April 21 /PRNewswire/ — Argus Media, the leading energy price discovery and analysis service, has been recognised with the UK’s most prestigious distinction for business performance — the Queen’s Award for Enterprise. The award, which is based on the recommendation of the UK prime minister to the Queen, has been given to Argus for performance in international trade.

Argus started trading in 1970. It is an independent provider of benchmark price information, market data and business intelligence for the global petroleum, natural gas, emissions, electricity and coal industries. Argus covers all major energy markets worldwide, with North America and Europe accounting for 65% of export sales. This has been achieved by establishing offices in key energy producing and consuming countries.

Overseas business increased by an impressive 142% since 2003 and, in total, 80% of sales are outside the UK. Since 2003, Argus’ staff numbers have increased by 30% and Argus has opened new offices in Dubai, Tokyo, Beijing, Astana, Kiev and New York. These joined established hubs in London (the head office), Moscow, Singapore, Houston and Washington DC.

Argus has continued to extend its portfolio of energy reports and data services over the period since 2003, adding new product lines in LNG, European and US carbon markets, Russian language domestic oil price reports and many others.

Argus is one of 135 UK companies to receive the Queen’s Award for Enterprise in the international trade division in 2009. In 2008, Argus also renewed its Investors in People status. This is another UK business performance indicator, based on improving company growth through developing staff. Argus also featured in the Sunday Times top 100 fastest growing companies for the second successive year in 2008. Argus won its first Queen’s Award for Enterprise in 2002.

Argus chairman and chief executive Adrian Binks said: “We are delighted that Argus has been honoured with the Queen’s Award for Enterprise again. The energy sector has changed dramatically in the last five years and Argus has been able to take advantage of the new opportunities as a result of both its effective and responsive staff and its diverse, far-sighted and highly intelligent customer base. We are proud to be serving this industry.”

For more information, contact Seana Lanigan in London on +44 20 7780 4200 or by email, seana.lanigan@argusmedia.com.

About Argus

Argus Media is a leading provider of price assessments, business intelligence and market data on the global coal, electricity, oil, gas, emissions and transportation industries. It is headquartered in London, and has offices in Houston, New York, Washington DC, Dubai, Singapore, Tokyo, Beijing, Moscow, Astana, Kiev and other key centres of the energy industry. Argus was founded in 1970 and is a privately held UK-registered company. Learn more at http://www.argusmedia.com/

SOURCE Argus Media

Source: newswire

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