Energy Insurance Ultimate Risk and Reward. Energy Underwriter Argenta PLC

Size: px
Start display at page:

Download "Energy Insurance Ultimate Risk and Reward. Energy Underwriter Argenta PLC"

Transcription

1 Energy Insurance Ultimate Risk and Reward Heath Callan Heath Callan Energy Underwriter Argenta PLC

2 The Energy Industry explained.

3 Energy Defined The exploration, production and marketing of hydrocarbons and related energy products. Exploration & Production Refining & Processing Petrochemicals Transportation & Storage Utilities

4 Insurance Market Divisions Upstream Midstream Downstream Utilities

5 Upstream Seismic Exploration

6 Seismic Exploration Chase boat Chase boat meter long towed streamers Chase boat 6-8 meters below sea surface Sound waves. No harmful effects on fish

7

8 Upstream Seismic Exploration Drilling Exploration

9 Drilling Exploration

10

11 Upstream Seismic Exploration Drilling Exploration Control of Well (Operators Extra Expense (OEE))

12 Wellhead How a well is drilled 30 inch 223 m Sealevel Seabed 20 inch 900 m 14 inch 3600 m 10 3/4 inch 7 inch liner 5050 m 5800 m

13

14

15 Upstream Seismic Exploration Drilling Exploration Control of Well Construction

16 Gas export line Offloading lines Offloading tanker Anchor lines Water injection line SCR Offloading buoy Suction anchors Gas injection well gas injection line Production loop Subsea production well Control umbilical

17 Upstream Seismic Exploration Drilling Exploration Control of Well Construction Production Risks

18

19

20

21 Midstream Seismic Exploration Drilling Exploration Control of Well Production Risks Midstream

22

23 Refining Seismic Exploration Drilling Exploration Control of Well Production Risks Midstream Refining

24

25 Power Generation Seismic Exploration Drilling Exploration Control of Well Production Risks Midstream Refining Power Generation

26

27 Underwriting an Energy Portfolio Lloyds advantages Access to business Portfolio Management Clash / Aggregations Realistic Disaster Scenarios Capital Requirements Reinsurance

28 Current Issues Market performance

29 20 YEAR OVERALL LOSS/PREMIUM TOTALS US$bn 30 WELD energy losses (excess of US$ 1m) versus estimated global energy premium income 30 US$bn * 0 Losses excess US$1m Estimated Worldwide Premium (US$) * incurred to date Source: Willis Energy Loss Database as at May (figures include both insured and uninsured losses)

30 Current Issues Market performance Unprecedented run of high value risk losses

31

32 Current Issues Market performance Unprecedented run of high value risk losses Capacity

33 2011 CAPACITY INCREASED US$m 5,000 Upstream Insurer Capacities (Excluding Gulf of Mexico Windstorm) 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1, Operating Construction 2011 upstream capacity highest since records began Estimated realistic market capacities Source: Willis

34 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks

35 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays

36 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays Frontier territories

37 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays Frontier territories Political upheavals

38 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays Frontier territories Political upheavals Cost of steel / Rising costs

39 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays Frontier territories Political upheavals Cost of steel / Rising costs Third Party Liability and allocation of contractual risk

40 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays Frontier territories Political upheavals Cost of steel / Rising costs Third Party Liability and allocation of contractual risk OEE - standalone

41 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays Frontier territories Political upheavals Cost of steel / Rising costs Third Party Liability and allocation of contractual risk OEE - standalone OPA / OPOL Pollution coverage

42 Current Issues Market performance Unprecedented run of high value risk losses Capacity Deepwater and subsea risks Shale plays Frontier territories Political upheavals Cost of steel / Rising costs Third Party Liability and allocation of contractual risk OEE - standalone OPA / OPOL Pollution coverage Hurricane impact.ivan / Katrina / Rita / Ike

43

44 Israel Energy Sector Noble / Delek and Leviathan Zion Oil and Gas ATP Development Options? Gas market Recent issue reported at Leviathan Political / Terrorism Risk OPA / OPOL for Israel? Local infrastructure What if...must be considered.

45

46 Questions Heath H. Callan

SPECIALIST INSURANCE SERVICES

SPECIALIST INSURANCE SERVICES SPECIALIST INSURANCE SERVICES energy WWW.PRICEFORBES.COM contents about us...5 our approach...6 five steps to service delivery...8 upstream & Mid-stream operations...13 downstream operations...14 claims...15

More information

TODAY S OIL PROVIDES COST-EFFECTIVE COVERAGE THAT FORMS CORNERSTONE CAPACITY FOR ITS MEMBERS WIDER INSURANCE NEEDS.

TODAY S OIL PROVIDES COST-EFFECTIVE COVERAGE THAT FORMS CORNERSTONE CAPACITY FOR ITS MEMBERS WIDER INSURANCE NEEDS. UNDERSTANDING OIL TODAY S OIL PROVIDES COST-EFFECTIVE COVERAGE THAT FORMS CORNERSTONE CAPACITY FOR ITS MEMBERS WIDER INSURANCE NEEDS. THE ORIGINS OF OIL In the face of a dearth of available capacity from

More information

Forsikring av offshoreprosjekter Foreleser: Harry Nilsen, Norsk Hydro

Forsikring av offshoreprosjekter Foreleser: Harry Nilsen, Norsk Hydro Forsikring av offshoreprosjekter Foreleser: Harry Nilsen, Norsk Hydro Ettertrykk er kun tillatt etter avtale med foreleser og Tekna Hydro Oil & Energy Erfaringer vedr. utviklingen av forsikringspremier

More information

RIG AND EQUIPMENT INSURANCE

RIG AND EQUIPMENT INSURANCE Tuesday, March 5, 2013 Houston, TX 4:15 5:30 p.m. RIG AND EQUIPMENT INSURANCE Presented by Russel Howes Vice President, Account Executive (Upstream Energy) Willis Global Energy Jason Homrighaus Senior

More information

Offshore Oil and Gas Technology

Offshore Oil and Gas Technology Offshore Oil and Gas Technology Steven Marzuola www.techlanguage.com/ata American Translators Association 54th Annual Conference San Antonio, November 7, 2013 1 Importance of oil and gas Oil is directly

More information

The world s leading sustainability consultancy. Sustainable Solutions for the Oil and Gas Industry

The world s leading sustainability consultancy. Sustainable Solutions for the Oil and Gas Industry The world s leading sustainability consultancy Sustainable Solutions for the Oil and Gas Industry The oil and gas industry currently faces the greatest environmental, health and safety challenges in its

More information

Total Subsea Solutions

Total Subsea Solutions Total Subsea Solutions Total Subsea Solutions Developing new energy reserves, managing, and improving producing fields means an unprecedented number of technical challenges. In partnership with our customers,

More information

Rockwell Automation in Oil & Gas

Rockwell Automation in Oil & Gas Rockwell Automation in Oil & Gas November 14, 2013 Rev 5058-CO900E Copyright 2013 Rockwell Automation, Inc. All Rights Reserved. Copyright 2013 Rockwell Automation, Inc. All Rights Reserved. 2 2013 Oil

More information

Tuesday, March 17, 2015 Houston, TX. Energy Exchange 9:20 9:50 a.m. and 9:55 10:25 a.m. OIL AND GAS: ENVIRONMENTAL INSURANCE IS IT NECESSARY?

Tuesday, March 17, 2015 Houston, TX. Energy Exchange 9:20 9:50 a.m. and 9:55 10:25 a.m. OIL AND GAS: ENVIRONMENTAL INSURANCE IS IT NECESSARY? Tuesday, March 17, 2015 Houston, TX Energy Exchange 9:20 9:50 a.m. and 9:55 10:25 a.m. OIL AND GAS: ENVIRONMENTAL INSURANCE IS IT NECESSARY? Copyright 2015 International Risk Management Institute, Inc.

More information

Homeowners ROE Outlook 2013 Update

Homeowners ROE Outlook 2013 Update Homeowners ROE Outlook 2013 Update Empower Results Homeowners: Improving Outlook, Growing Opportunities Aon Benfield Analytics annual review of homeowners rate changes and industry reported financial results

More information

Measurement & Analytics. VIS Multiphase Flow Meter High gas content applications solved with no radioactive source - Measurement made easy

Measurement & Analytics. VIS Multiphase Flow Meter High gas content applications solved with no radioactive source - Measurement made easy Measurement & Analytics VIS Multiphase Flow Meter High gas content applications solved with no radioactive source - Measurement made easy ABB s VIS Multiphase Flow Meter Easy to operate, accurate and fieldproven

More information

Mexican Oil & Gas industry Investment opportunities post reform

Mexican Oil & Gas industry Investment opportunities post reform Mexican Oil & Gas industry Investment opportunities post reform Eagle Ford Consortium Meeting January 29th 2014 Texas A&M International University Student Center Ballroom Laredo, Texas Antonio Juárez January

More information

The Offshore Oil and Gas Industry Report in Insurance Part One

The Offshore Oil and Gas Industry Report in Insurance Part One The Offshore Oil and Gas Industry Report in Insurance Part One October 5, 2010 1 Disclaimer This project was funded by the Department of Energy, National Energy Technology Laboratory an agency of the United

More information

Field Service Excellence:

Field Service Excellence: Field Service Excellence: the Technology Roadmap for GE Oil & Gas Elena Lorenzi, GE Oil & Gas TMS/DTS Global Field Services IT Leader PIDX International Europe Autumn Conference 2014 Paris, October 29

More information

Global Marine Insurance Report. Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo

Global Marine Insurance Report. Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo Global Marine Insurance Report Astrid Seltmann Fact and Figures Committee: Analyst/Actuary, Cefor - The Nordic Association of Marine Insurers, Oslo Warming up Find a suitable Shakespeare quote! IUMI and

More information

'Additional Insured' At Stake In Texas High Court BP Case

'Additional Insured' At Stake In Texas High Court BP Case Portfolio Media. Inc. 860 Broadway, 6th Floor New York, NY 10003 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com 'Additional Insured' At Stake In Texas High Court

More information

GLOBAL PROPERTY. Energy and Engineered Risk START

GLOBAL PROPERTY. Energy and Engineered Risk START PROPERTY and Engineered Risk START Oil Rig About AIG s division brings sophisticated and extensive capabilities to our clients risk management programs. AIG s unrivalled worldwide network provides a superior

More information

Global Property Energy and Engineered Risk

Global Property Energy and Engineered Risk Property Energy and Engineered Risk About AIG s Property division brings sophisticated and extensive capabilities to our clients risk management programs. AIG s unrivalled worldwide network provides a

More information

Allianz Global Corporate & Specialty Global Energy

Allianz Global Corporate & Specialty Global Energy Allianz Global Corporate & Specialty Global Energy Insurance and risk consulting for the energy industry Allianz Global Corporate & Specialty Creatively addressing the risks and challenges energy businesses

More information

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION. Plaintiffs, C. A. NO. VS.

IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION. Plaintiffs, C. A. NO. VS. Case 4:12-cv-02469 Document 1 Filed in TXSD on 08/17/12 Page 1 of 8 IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF TEXAS HOUSTON DIVISION INDEMNITY INSURANCE COMPANY OF NORTH AMERICA;

More information

AGM presentation 13 May 2009

AGM presentation 13 May 2009 AGM presentation 13 May 2009 1 Preparation for drilling Select best prospects for drilling Conduct site surveys Submit environmental impact assessment (EIA) Gain drilling consents Plan logistics Select

More information

Ken Ross. Professional Experience. Insurance Claims Consulting

Ken Ross. Professional Experience. Insurance Claims Consulting Ken Ross Associate Director Navigant Consulting (PI) LLC * Direct: 713-646-5036 Fax: 713-646-5001 ken.ross@navigantconsulting.com Professional History Navigant Consulting, Inc. 2008 to present Echelon

More information

We provide access to worldwide accident & health, energy and European property and marine risks

We provide access to worldwide accident & health, energy and European property and marine risks Copenhagen We provide access to worldwide accident & health, energy and European property and marine risks We write worldwide accident, health and life, energy and European property and marine risks for

More information

Oil Gas expo 2015 is comprised of 13 Main tracks and 131 sub tracks designed to offer comprehensive sessions that address current issues.

Oil Gas expo 2015 is comprised of 13 Main tracks and 131 sub tracks designed to offer comprehensive sessions that address current issues. OMICS Group cordially invites participants from all over the world to attend International Conference and Expo on Oil and Gas, scheduled during November, 16-18, 2015 at Dubai, UAE mainly focused on the

More information

Just When You Needed Good News on Catastrophe Insurance It s Here! NAIC P/C Committee Bradley Kading

Just When You Needed Good News on Catastrophe Insurance It s Here! NAIC P/C Committee Bradley Kading Just When You Needed Good News on Catastrophe Insurance It s Here! NAIC P/C Committee Bradley Kading August 2013 Summary Document role of reinsurance in cat events Document distribution of cat losses globally

More information

ENERGY MARKET REVIEW MARCH 2009. Gulf of Mexico Windstorm: Still the Insoluble Risk Management Problem?

ENERGY MARKET REVIEW MARCH 2009. Gulf of Mexico Windstorm: Still the Insoluble Risk Management Problem? ENERGY MARKET REVIEW MARCH 2009 Gulf of Mexico Windstorm: Still the Insoluble Risk Management Problem? WELD Energy Losses 1990 2008 Versus Global Energy Premium Income 25 20 Losses excess US$1m Estimated

More information

EXPERT WITNESS AND DISPUTE SUPPORT Property Damage and Business Interruption Insurance Claims

EXPERT WITNESS AND DISPUTE SUPPORT Property Damage and Business Interruption Insurance Claims Baker & O'Brien consultants are frequently retained as consulting or testifying experts and have been qualified to offer evidence in many insurance-related matters involving the energy industry. Services

More information

TECHNIP AT A GLANCE 2014

TECHNIP AT A GLANCE 2014 TECHNIP AT A GLANCE 2014 Unique range of activities A world leader in project management, engineering and construction for the energy industry S U B S E A OFFSHORE Subsea infrastructures, from deep to

More information

MEK4450. Templates & Manifolds. 29 August 2012. 05 Templates and Manifolds. This module will cover:

MEK4450. Templates & Manifolds. 29 August 2012. 05 Templates and Manifolds. This module will cover: 29 MEK4450 05 Templates and Manifolds Templates & Manifolds This module will cover: Applicable Codes and Standards Templates - Purpose of a template Manifolds - Purpose of a manifold Foundations 2 1 29

More information

Oil & Gas Capital Expenditure Outlook 2013. GDGE0020TR / Published January 2013

Oil & Gas Capital Expenditure Outlook 2013. GDGE0020TR / Published January 2013 Oil & Gas Capital Expenditure Outlook 2013 GDGE0020TR / Published January 2013 Global Oil and Gas Capital Expenditure is Expected to Increase to US$XX Billion in 2013 The global oil and gas capital expenditure

More information

Our Aim. Our Vision. NIGT works towards ameliorating its vision to be amongst the leading innovative and proactive suppliers in the Oil & Gas sector.

Our Aim. Our Vision. NIGT works towards ameliorating its vision to be amongst the leading innovative and proactive suppliers in the Oil & Gas sector. About Us NAJLAA International General Trading and Contracting (NIGT) was established in 2006. It went into full operation in 2008. NIGT is a Kuwait based Company focusing its efforts in the Oil & Gas sector.

More information

DELIVERY THROUGH TECHNOLOGY Parque das Conchas Project

DELIVERY THROUGH TECHNOLOGY Parque das Conchas Project DELIVERY THROUGH TECHNOLOGY Parque das Conchas Project Use this area for cover image (height 6.5cm, width 8cm) Marco Brummelhuis Development VP Upstream Brazil 11 May 2010 1 Disclaimer statement This presentation

More information

SPECIALTY FIBER OPTIC CABLE. Downhole Sensing Subsea

SPECIALTY FIBER OPTIC CABLE. Downhole Sensing Subsea SPECIALTY FIBER OPTIC CABLE Specialty Fiber Optic Cable Customers around the world benefit from using AFL fiber optic cable and components for downhole sensing and subsea umbilicals. With its patented

More information

DEEPWATER HORIZON BACKGROUND

DEEPWATER HORIZON BACKGROUND TODAY! - DEEPWATER HORIZON OIL WEBINAR at 11am EDT Exactly how extensive are the insurance ramifications of the Deepwater Horizon oil rig disaster and spill in the Gulf of Mexico now considered to be the

More information

Israel s Natural Gas Sector Opportunities, Challenges and Strategic Outlook

Israel s Natural Gas Sector Opportunities, Challenges and Strategic Outlook The Champion Brand Global is Local Know What s Next Integrated Insights Return on Reputation Israel s Natural Gas Sector Opportunities, Challenges and Strategic Outlook Executive Summary...2 Israel s Natural

More information

LETTER TO BROKERS. Today we are launching Reputation Risk Solutions Limited:

LETTER TO BROKERS. Today we are launching Reputation Risk Solutions Limited: LETTER TO BROKERS Today we are launching Reputation Risk Solutions Limited: We are a new and unique independent specialist Reputation Risk Insurance Intermediary. We believe Reputation Risk Insurance is

More information

Ohio s Energy Supply Chain: Towards More Sustainable Energy Supplier Networks. OTEC Conference October 23, 2013

Ohio s Energy Supply Chain: Towards More Sustainable Energy Supplier Networks. OTEC Conference October 23, 2013 Ohio s Energy Supply Chain: Towards More Sustainable Energy Supplier Networks OTEC Conference October 23, 2013 Established to study linkages between Energy, Economics and Environment Ohio s Resource Extractive

More information

Energy & Marine Overview

Energy & Marine Overview Energy & Marine Overview Zurich Energy & Marine offers large-scale solutions and capacity for domestic and multinational companies engaged in Energy, including oil, petrochemical, mining, exploration,

More information

Wednesday, October 20, 2010. Key Insurance Coverage Issues Under Energy Package Policies for Offshore Operations

Wednesday, October 20, 2010. Key Insurance Coverage Issues Under Energy Package Policies for Offshore Operations Wednesday, October 20, 2010 Key Insurance Coverage Issues Under Energy Package Policies for Offshore Operations 0 Our Speakers Moderator John Sylvester Partner K&L Gates john.sylvester@klgates.com +1.412.355.8617

More information

Tuesday, March 5, 2013 Houston, TX. 9:00 10:10 a.m. KEYNOTE ADDRESS: HYDROCARBON HAT TRICK HOW SHALE IS IMPACTING THE ECONOMY

Tuesday, March 5, 2013 Houston, TX. 9:00 10:10 a.m. KEYNOTE ADDRESS: HYDROCARBON HAT TRICK HOW SHALE IS IMPACTING THE ECONOMY Tuesday, March 5, 2013 Houston, TX 9:00 10:10 a.m. KEYNOTE ADDRESS: HYDROCARBON HAT TRICK HOW SHALE IS IMPACTING THE ECONOMY Presented by Jesse Thompson Business Economist Federal Reserve Bank of Dallas,

More information

Defense and settlement costs associated with litigation brought against owners of commodities.

Defense and settlement costs associated with litigation brought against owners of commodities. AON Robert dev. Frierson Secretary, Board of Governors of the Federal Reserve System 20 th Street and Constitution Avenue, NW., Washington, DC 20551 Re: Advanced Notice of Proposed Rule Making - Federal

More information

Brenntag AG Analyst Round Table 2014

Brenntag AG Analyst Round Table 2014 Brenntag AG Analyst Round Table 2014 London November 5, 2014 AGENDA Update on Brenntag Europe and ONE Brenntag initiative Karsten Beckmann, CEO Brenntag Europe Update on Brenntag North America and Oil&Gas

More information

137 Northpark Blvd. Telephone: (985) 276-6100 Covington, LA 70433 Fax: (985) 276-6284. Prepared Statement by. Thomas L. Shaw, President LOOP LLC

137 Northpark Blvd. Telephone: (985) 276-6100 Covington, LA 70433 Fax: (985) 276-6284. Prepared Statement by. Thomas L. Shaw, President LOOP LLC 137 Northpark Blvd. Telephone: (985) 276-6100 Covington, LA 70433 Fax: (985) 276-6284 Prepared Statement by Thomas L. Shaw, President LOOP LLC Before Public Meeting on the Quadrennial Energy Review Petroleum

More information

Oil and Gas Steve Oliver

Oil and Gas Steve Oliver English for Global Industries Oil and Gas Steve Oliver Contents Sections 1 Oil and Gas 2 Working on a Rig 3 Drilling Operations 4 Geological and Geophysical Operations 5 Producing and Delivering Units

More information

Introduction to Oil & Gas Industry, Accounting & Financial Statement Analysis. Copyright by Wall Street Prep, Inc. All rights reserved 1

Introduction to Oil & Gas Industry, Accounting & Financial Statement Analysis. Copyright by Wall Street Prep, Inc. All rights reserved 1 Introduction to Oil & Gas Industry, Accounting & Financial Statement Analysis Copyright by Wall Street Prep, Inc. All rights reserved 1 A number of distinct yet interconnected sectors There are a number

More information

I18.998 DDEDICATION 15O30.974 16P32.065 20T40.078 13M26.982 19S39.098 5E10.811 SERVICES TO OPTIMISE EVERY PART OF THE OIL, GAS AND CHEMICALS INDUSTRY

I18.998 DDEDICATION 15O30.974 16P32.065 20T40.078 13M26.982 19S39.098 5E10.811 SERVICES TO OPTIMISE EVERY PART OF THE OIL, GAS AND CHEMICALS INDUSTRY 15O30.974 16P32.065 20T40.078 9 I18.998 OPERATION PROFITISATION TRANSFORMATION INFORMATION 13M26.982 9 I18.998 19S39.098 MAXIMISATION INSPECTION SOLUTION 5E10.811 4 9.0122 EVALUATION DDEDICATION SERVICES

More information

energy JLT Specialty Limited Demand Different

energy JLT Specialty Limited Demand Different energy JLT Specialty Limited Demand Different JLT Specialty Limited Putting clients first JLT Specialty s Energy Division is recognised as a leading energy broker worldwide. In 2012, JLT Group placed more

More information

Opportunities and challenges for global deepwater players

Opportunities and challenges for global deepwater players Content 66/67 Opportunities and challenges for global deepwater players An industry on the seach for new growth areas Rodolfo Guzman, Paola Carvajal, Ben Thuriaux-Alemán With fewer remaining easy-to-access

More information

An Approach To Oil Spill Containment For Floating Drilling Operations In Canadian Beaufort Sea Pack Ice Conditions

An Approach To Oil Spill Containment For Floating Drilling Operations In Canadian Beaufort Sea Pack Ice Conditions For Floating Drilling Operations In Canadian Beaufort Sea Pack Ice Conditions Canada - US Northern Oil and Gas Research Forum Calgary, Alberta December 2 nd, 2010 An Overview An Overview Of Same Season

More information

Deepwater Horizon Oil Spill Disaster: Risk, Recovery and Insurance Implications

Deepwater Horizon Oil Spill Disaster: Risk, Recovery and Insurance Implications Deepwater Horizon Oil Spill Disaster: Risk, Recovery and Insurance Implications Rawle O. King Analyst in Financial Economics and Risk Assessment July 12, 2010 Congressional Research Service CRS Report

More information

The Role of the Insurance Industry

The Role of the Insurance Industry The Role of the Insurance Industry Prof. Dr. Peter Hoeppe Geo Risks Research Munich Reinsurance Company ECF Annual Conference, Berlin, 27 March 2007 The Insurance Industry as an Early Alerter to Global

More information

Energy Infrastructure Security: Advanced multidimensional threats and responses. By John Cogliandro November 17, 2009

Energy Infrastructure Security: Advanced multidimensional threats and responses. By John Cogliandro November 17, 2009 Energy Infrastructure Security: Advanced multidimensional threats and responses By John Cogliandro November 17, 2009 Outline Energy Infrastructure Security: Advanced multidimensional threats and responses

More information

A Hub Class Spar Production Platform for the Ultra-Deepwater Gulf of Mexico. Richard S. Mercier Shell Deepwater Development Systems Inc.

A Hub Class Spar Production Platform for the Ultra-Deepwater Gulf of Mexico. Richard S. Mercier Shell Deepwater Development Systems Inc. 13 th Annual Floating Production Systems Conference A Hub Class Spar Production Platform for the Ultra-Deepwater Gulf of Mexico Richard S. Mercier Shell Deepwater Development Systems Inc. Denby G. Morrison

More information

Residual Markets. Residual Markets in which insurers participate to make coverage available to those unable to obtain coverage in Standard Market

Residual Markets. Residual Markets in which insurers participate to make coverage available to those unable to obtain coverage in Standard Market Residual Markets David C. Marlett, PhD, CPCU Chair, Department of Finance, Banking and Insurance Appalachian State University marlettdc@appstate.edu 828.262.2849 http://insurance.appstate.edu/ Residual

More information

INSURING FUTURE CLIMATE CHANGE. Oslo 3 4 November 2008. Natural Catastrophe Risk Management Policy in Norway

INSURING FUTURE CLIMATE CHANGE. Oslo 3 4 November 2008. Natural Catastrophe Risk Management Policy in Norway INSURING FUTURE CLIMATE CHANGE Oslo 3 4 November 2008 Natural Catastrophe Risk Management Policy in Norway 11/24/2008 Norwegian Natural Perils Pool 1 Compensation for damage due to natural disaster Already

More information

Allianz Global Corporate & Specialty Hull and Machinery Insurance

Allianz Global Corporate & Specialty Hull and Machinery Insurance Allianz Global Corporate & Specialty Hull and Machinery Insurance Comprehensive cover, flexible solutions Allianz Global Corporate & Specialty at a glance Full range of products and services across the

More information

NEWSLETTER. Fresh pressure on softening markets but will captives follow them down?

NEWSLETTER. Fresh pressure on softening markets but will captives follow them down? EMR NEWSLETTER august 2014 Insurance Market News Update OIL MOVES TO NEW USD400 MILLION LIMIT Fresh pressure on softening markets but will captives follow them down? At its July 23rd, 2014 Board of Directors

More information

Basic Course Offshore Oil and Gas Processing P R O G R A M M E. Processing

Basic Course Offshore Oil and Gas Processing P R O G R A M M E. Processing Basic Course Offshore Oil and Gas Processing P R O G R A M M E Processing O f f s h o r e O i l a n d Offshore Oil and Gas Processing Processing is a central area of oil and gas production. Offshore, process

More information

AGR Consultancy. Worldwide opportunities. Recruitment and consultancy solutions

AGR Consultancy. Worldwide opportunities. Recruitment and consultancy solutions AGR Consultancy Worldwide opportunities Recruitment and consultancy solutions Remote locations Deepwater Decommissioning 02 Connecting clients and consultants worldwide High pressure high temperature Extended

More information

Training for Operations and Maintenance

Training for Operations and Maintenance Oil and Gas Training and Competency Development Training for Operations and Maintenance Developing technical skills and building practical experience for E&P teams and professionals Training that meets

More information

Module No. # 02. Impact of oil and gas industry on marine environment

Module No. # 02. Impact of oil and gas industry on marine environment Health, Safety and Environmental Management in Petroleum and offshore Engineering Dr. Srinivasan Chandrasekaran Department of Ocean Engineering Indian Institute of Technology, Madras Module No. # 02 Lecture

More information

National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling. Report to the President. www.oilspillcommission.

National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling. Report to the President. www.oilspillcommission. National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling Report to the President www.oilspillcommission.gov 1 Causes of Explosion The Deepwater Horizon disaster was foreseeable and

More information

API FORUM (21 st March 2013) MIDA

API FORUM (21 st March 2013) MIDA API FORUM (21 st March 2013) MIDA 1 About MIDA Oil & Gas Industry in Malaysia Business & Investment Opportunities Incentives for Investment Domestic Investment Strategic Fund 2 First point of contact for

More information

Mexico s Energy Reform. 2 LATAM Oil & Gas Summit

Mexico s Energy Reform. 2 LATAM Oil & Gas Summit Mexico s Energy Reform 2 LATAM Oil & Gas Summit September 10th, 2014 Dirección Jurídica Why was the Energy Reform necessary? Because PEMEX had to be strengthened and it had to diversify its risks The inertial

More information

Shunsaku Miyake. JX Holdings. JX Nippon Mining & Metals. JX Nippon Oil & Gas Exploration. JX Nippon Oil & Energy

Shunsaku Miyake. JX Holdings. JX Nippon Mining & Metals. JX Nippon Oil & Gas Exploration. JX Nippon Oil & Energy Shunsaku Miyake JX Holdings JX Nippon Oil & Energy JX Nippon Oil & Gas Exploration JX Nippon Mining & Metals 1 Business Field Business Field Acquistion of License Blocks We first aim to acquire an interest

More information

Integrated Oil Companies

Integrated Oil Companies Integrated Oil Companies Loretta Bu Zhou Fang Suvayan Roy Patrick He Artur Shikhaleev Yang Zeng 1 Key Questions 2 Upstream, Midstream, Downstream, Equipment and Services Companies THE OIL SUPPLY CHAIN

More information

TECHNICAL INFORMATION

TECHNICAL INFORMATION Page: 1/6 This checklist recognizes the major accident hazards found by experience of previous HAZID studies. It is not intended to be totally exhaustive and feedback from users should be incorporated

More information

Global Oil & Gas Suite

Global Oil & Gas Suite IHS ENERGY Global Oil & Gas Suite Comprehensive analysis and insight on upstream opportunities, risk, infrastructure dynamics, and downstream markets Global Oil & Gas Suite Make optimal decisions about

More information

Disconnectable FPSO for Deepwater Fields in the Gulf of Mexico

Disconnectable FPSO for Deepwater Fields in the Gulf of Mexico Disconnectable FPSO for Deepwater Fields in the Gulf of Mexico Yong Luo SBM Atlantia April. 25 2007 INTRODUCTION CONCEPT OVERVIEW VESSEL/TOPSIDES TURRET MOORINGS RISERS SUMMARY DISCONNECTABLE FPSO Confidential

More information

Shale Gas A Game Changer

Shale Gas A Game Changer Shale Gas A Game Changer CWC World LNG Series: America Summit, Hilde Nafstad, President, Statoil Natural Gas LLC March 17, 2010 Forward looking statements This Operating and Financial Review contains certain

More information

Jefferies 2015 Global Energy Conference. Torgrim Reitan, EVP Development and Production USA

Jefferies 2015 Global Energy Conference. Torgrim Reitan, EVP Development and Production USA Jefferies 2015 Global Energy Conference Torgrim Reitan, EVP Development and Production USA November 11, 2015 Statoil Key Facts EQUITY PRODUCTION 1.927 million barrels of oil equivalent per day in 2014

More information

Insurance for Energy Risks H Braun and L L Lai

Insurance for Energy Risks H Braun and L L Lai Insurance for Energy Risks H Braun and L L Lai 1) Areas Covered Energy Sector Categories Insurance Objectives Risk Categories Insurable Risks Options for Identified Risks Role of the Insurance Sector Insurers

More information

A View from the (Deepwater) Horizon: Regulatory and Statutory Developments Affecting Offshore Drilling and. Spill Liability.

A View from the (Deepwater) Horizon: Regulatory and Statutory Developments Affecting Offshore Drilling and. Spill Liability. A View from the (Deepwater) Horizon: Regulatory and Statutory Developments Affecting Offshore Drilling and Spill Liability Gerald D. Higdon 600 Travis, Suite 2800 Houston, TX 77002 713-238-3709 jhigdon@lockelord.com

More information

Developing oil and natural gas supply models to meet user needs

Developing oil and natural gas supply models to meet user needs Developing oil and natural gas supply models to meet user needs Andrew Slaughter EIA Hydrocarbon Supply Modelling Workshop April 2014 1 Models and forecasts some basic reflections Models should not be

More information

The Competitive Edge. The Foundation For Competing

The Competitive Edge. The Foundation For Competing Passion - Creativity - Innovation - Initiative - Intellect - Dedication - Compliance - The Competitive Edge The Foundation For Competing Statoil s Subsea Technology Strategy, with selected technology challenges

More information

Norsk Naturskadepool www.naturskade.no

Norsk Naturskadepool www.naturskade.no Norsk Naturskadepool www.naturskade.no World Forum Meeting Iceland 25/25 Norwegian Natural Perils Pool 1 Norway Land area: 307 766 km2 Mainland coastline 21 112 km Population: 4.7 mill. KABELVÅG ANDENES

More information

Transamerica MLP & Energy Income

Transamerica MLP & Energy Income Alternative Investments Transamerica MLP & Energy Income A comprehensive approach to infrastructure investing Portfolio managed by Kayne Anderson Capital Advisors, L.P. Transamerica Funds are advised by

More information

NORTH AMERICA INVESTOR VISIT

NORTH AMERICA INVESTOR VISIT ROYAL DUTCH SHELL PLC NORTH AMERICA INVESTOR VISIT UPSTREAM AMERICAS: PROFITABLE GROWTH IN SHELL HEARTLAND MARVIN ODUM DIRECTOR UPSTREAM AMERICAS 1 Copyright of Royal Dutch Shell plc 28/9/21 SHELL UPSTREAM

More information

Design and manufacture of subsea and topside composite cables and connectors

Design and manufacture of subsea and topside composite cables and connectors Overview Design and manufacture of subsea and topside composite cables and connectors Hydro Group. sales@hydrogroup.plc.uk www.hydrogroup-asia.com tel: +65 63343566 fax: +65 63343566 1 : 5 Hydro Group

More information

LLOYD S IN THE US MARKET

LLOYD S IN THE US MARKET LLOYD S IN THE US MARKET Contents 1 About Lloyd s 2 How Lloyd s works 3 Financial strength and ratings 3 Global reach 4 Multiple classes, maximum innovation 5 Lloyd s US a major player 6 Contact us ABOUT

More information

Industry Solutions Oil and Gas Engineering Document Control and Project Collaboration Solutions for Oil and Gas

Industry Solutions Oil and Gas Engineering Document Control and Project Collaboration Solutions for Oil and Gas Industry Solutions Oil and Gas Engineering Document Control and Project Collaboration Solutions for Oil and Gas Industry Solutions Managing the complexity of major capital projects in today s oil and gas

More information

Guaranteeing Norwegian exports to Brazilian projects

Guaranteeing Norwegian exports to Brazilian projects Guaranteeing Norwegian exports to Brazilian projects Seminar on Financial Cooperation Brazil - Norway 18th February 2011 Wenche Nistad Managing Director What is GIEK? GIEK offers financial guarantees in

More information

A guide to investing in master limited partnerships

A guide to investing in master limited partnerships A guide to investing in master limited partnerships What you should know before you buy Wells Fargo Advisors wants to help ensure that you are investing in the master limited partnerships that best suit

More information

Russian Energy Sector Sanctions: One Year On

Russian Energy Sector Sanctions: One Year On Portfolio Media. Inc. 860 Broadway, 6th Floor New York, NY 10003 www.law360.com Phone: +1 646 783 7100 Fax: +1 646 783 7161 customerservice@law360.com Russian Energy Sector Sanctions: One Year On Law360,

More information

Appendices. Investor Presentation Q4 2015. March 2016 www.lancashiregroup.com

Appendices. Investor Presentation Q4 2015. March 2016 www.lancashiregroup.com Appendices Investor Presentation Q4 2015 March 2016 www.lancashiregroup.com Lancashire: Property catastrophe reinsurance Mitigating impact of falling rates We buy more retrocession cover, attaching lower

More information

Send your email directly to oseghaleokohue@chesssubseaengineering.com

Send your email directly to oseghaleokohue@chesssubseaengineering.com Welcome to Chess Engineering Virtual Office - EVO Our engineering virtual office assistants are highly trained and provide a number of engineering support services depending on your EPIC business needs.

More information

CSP WORKSHOP CYBER INSURANCE FROM A BROKER S PERSPECTIVE

CSP WORKSHOP CYBER INSURANCE FROM A BROKER S PERSPECTIVE CSP WORKSHOP CYBER INSURANCE FROM A BROKER S PERSPECTIVE 27 April 2015 Stephen Wares Cyber Risk Practice Leader EMEA London (Tower Place) Corporate Risk Profile Insurer Opinion Insurance Communication

More information

UPSTREAM OIL AND GAS INDUSTRY IN KENYA

UPSTREAM OIL AND GAS INDUSTRY IN KENYA UPSTREAM OIL AND GAS INDUSTRY IN KENYA INTRODUCTION What is Upstream Oil and Gas? The petroleum industry is broadly divided into three segments namely: upstream (exploration and production), mid-stream

More information

Energy Market Review. June 2005

Energy Market Review. June 2005 Energy Market Review June 2005 Contents Foreword 1 Market Overview 3 Market Updates: Onshore Property 8 Upstream 11 Power Generation Utilities 17 Third Party Liabilities 18 Terrorism 24 Lloyd's 26 OIL/sEnergy

More information

MARINE PRODUCTS DIRECTORY

MARINE PRODUCTS DIRECTORY MARINE PRODUCTS DIRECTORY CARGO INSURANCE All risks of physical loss or damage to goods whilst in transit by land, sea and/or air including War, Strikes Riots and Terrorism and Goods in Transit Insurance.

More information

22 nd WPC Topic Descriptions

22 nd WPC Topic Descriptions 22 nd WPC Topic Descriptions BLOCK 1: Exploration and Production of Oil and Gas FORUMS: F1 Exploration challenges how to reduce risk F2 Unconventional hydrocarbon resource development North American phenomena

More information

This document, and more, is available for download from Martin's Marine Engineering Page - www.dieselduck.net

This document, and more, is available for download from Martin's Marine Engineering Page - www.dieselduck.net You may have heard the news in the last two days about the Deepwater Horizon drilling rig which caught fire, burned for two days, then sank in 5,000 ft of water in the Gulf of Mexico. There are still 11

More information

SUMMARY OF INSURANCE COVERAGES EFFECTIVE JULY 1, 2015

SUMMARY OF INSURANCE COVERAGES EFFECTIVE JULY 1, 2015 SUMMARY OF INSURANCE COVERAGES EFFECTIVE JULY 1, 2015 Airport Liability Policy Number: AIRP20152016 Comment: $5,000,000 per occurrence Aviation Hull and Liability Policy Number: AHL20152016 Comment: Liability:

More information

Deepwater Horizon Disaster

Deepwater Horizon Disaster Deepwater Horizon Disaster Insurance Industry Implications By Stephen Lowe, Joseph Lebens and Michael Pummell The Deepwater spill will not be a watershed event for the P&C industry. Nevertheless, there

More information

Asset Management Conformity Assessment Fitness for Service QHSE. Oil & Gas Services and Tools. For the benefit of business and people

Asset Management Conformity Assessment Fitness for Service QHSE. Oil & Gas Services and Tools. For the benefit of business and people Asset Management Conformity Assessment Fitness for Service QHSE Oil & Gas Services and Tools For the benefit of business and people Services along the whole life of Facilities Bureau Veritas services can

More information

Understanding the Oil & Gas Exploration & Production Hazardous Waste Definition Exemption. Jeff Bowman, TEEX

Understanding the Oil & Gas Exploration & Production Hazardous Waste Definition Exemption. Jeff Bowman, TEEX Understanding the Oil & Gas Exploration & Production Hazardous Waste Definition Exemption Jeff Bowman, TEEX Oil and Gas Exploration and Production Waste Exclusion Jeff R. Bowman, MSPH, CHMM Texas A&M Engineering

More information

Cyber Risk to Help Shape Industry Trends in 2014

Cyber Risk to Help Shape Industry Trends in 2014 Cyber Risk to Help Shape Industry Trends in 2014 Rigzone Staff 12/18/2013 URL: http://www.rigzone.com/news/oil_gas/a/130621/cyber_risk_to_help_shape_industry_trends_i n_2014 The oil and gas industry s

More information

Facilities Pori construction yard

Facilities Pori construction yard Facilities Pori construction yard Technip Offshore Finland, a key asset in the Atlantic basin Technip at a glance Technip is a world leader in project management, engineering and construction for the oil

More information

Financial News for Major Energy Companies Third Quarter 2005

Financial News for Major Energy Companies Third Quarter 2005 Financial News for Major Energy Companies Third Quarter 2005 The "Financial News for Major Energy Companies" is issued quarterly to report recent trends in the financial performance of the major energy

More information

Deepwater Horizon Disaster (Macondo)

Deepwater Horizon Disaster (Macondo) March 2014 Deepwater Horizon Disaster (Macondo) Implications and Lessons Learned James Dallas Partner Dentons 33823100 Introduction Review the background to Deepwater Horizon Analyse the prevailing contractual

More information