The global marine services company said its oil and gas business recorded income up 31% year-on-year and saw revenues rise by more than 30%.

LLoyd's said it "enhanced its service capabilities in Singapore, Malaysia, Africa, the Middle East and the Americas and its ability to deliver services locally in support of global projects was critical to its success".

The group’s work on floating offshore installations included contracts with Talisman in the North Sea and projects for various clients in Asia, such as Bumi Armada in Malaysia and Woodside in Australia, said Lloyd's.

Chairman