More Risk Management News

Deloitte, NASA to bring space-age risk management to oil and gas industry

In a move designed to bring advanced risk-management capabilities to America’s energy industry, the Deloitte Center for Energy Solutions and the NASA Johnson Space Center have entered into a strategic alliance to offer services to oil and gas companies.

Lloyd's Register board appointments to support energy business

Lloyd’s Register has appointed Chris Finlayson, chief executive of BG Group plc, and Ellis Armstrong, ex-CFO of E&P at BP plc, as non-executive directors on the board of Lloyd’s Register Group Ltd.

Opportune acquires Eco Risk Markets

Opportune LLP has acquired Eco Risk Markets LLC, an energy consulting firm focused on risk strategy and related valuation services.

RBC acquires the Athena Energy Group to expand existing commodities business into Quebec

Royal Bank of Canada has acquired the Athena Energy Group, a natural gas supplier in Quebec. The acquisition expands RBC Capital Markets’ existing business, which offers structured pricing for natural gas supply, from Ontario into Quebec.

Allegro names managing directors in EMEA and APAC

Allegro Development Corp., a provider of energy trading and risk management (ETRM) software, has appointed Steven Ferrigno as managing director of Europe, the Middle East and Africa (EMEA); and Mark Weaser as managing director of Asia-Pacific (APAC).

Ag Energy Co-operative upgrades commodity trading and risk management software to facilitate expansion

Ag Energy Co-operative Ltd., Ontario’s largest agricultural energy co-operative, has chosen RiskAdvisory’s SAS BookRunner v12 commodity trading and risk management (CTRM) software solution to expand its analytics, reporting and credit risk management capabilities.

BP settles criminal charges for $4 billion

In the largest settlement in US history, BP Plc (NYSE: BP) has settled criminal charges with the US Department of Justice in relation to the 2010 Deepwater Horizon incident that killed 11 workers and sent millions of gallons of oil spewing into the Gulf of Mexico.

Mitigating risk for oil & gas companies with project cost controls

Fifteen years ago, only 10% of large oil and gas projects ran more than 50% over budget.  Last year, that figure nearly tripled to 28%.  According to a Schlumberger Business Consulting report, this budget busting trend is expected to worsen by 2015.

ICAP ready for the transition of energy swaps to futures

Effective at the close of business on October 12, the Intercontinental Exchange (ICE) is converting its energy swaps contracts into regulated futures  contracts. Additionally, the CME Group’s Clearport energy contracts will be available for trading as swaps or futures.

Latshaw Drilling selects mobile execution, compliance system from TrigPoint Solutions

Tulsa, OK-based Latshaw Drilling Co. has chosen TrigPoint Solutions Inc.’s PROMPTT(r) System in an effort to maximize mobile asset and workforce performance, productivity, accuracy, and corporate and regulatory control and compliance.

Energy Trading & Marketing

Will emissions costs choke petchem expansions?

Jun 20, 2013 Emission regulations require that companies planning new olefin crackers in EPA designated nonattainment areas like Houston must buy emission credi...

Allen rejoins Opportune

Apr 18, 2013

Alan Allen has rejoined Opportune LLP as managing director in its process and technology practice.

Little named president of EQECAT

Mar 21, 2013 ABS Group has appointed Paul Little as president of EQECAT, its catastrophe modeling company. Little replaces Bill Keogh who has resigned from the ...

Crazy little crude called Brent -- the art of quality maintenance

Mar 12, 2013 The physical market for Brent, Forties, Oseberg and Ekofisk (BFOE) represents the delivery mechanism for ICE Brent Futures and is linked to crude o...

Crazy little crude called Brent -- links to ICE Futures

Mar 12, 2013 Brent physical traders are members of an exclusive club that transacts roughly fifty 600 MBbl cargoes of crude a month representing about 1 MMb/d o...

Regulatory Monitor

New business opportunities in Mexico energy market raise FCPA concerns

Apr 14, 2014 After clearing a constitutional hurdle in late 2013, Mexico plans to ope...

Act 13 Impact Fee revenues to surpass $630M for state of PA

Apr 8, 2014 Higher natural gas prices are expected to increase Pennsylvania's drilli...

Survey: Access to capital most important financial issue facing companies in 2014

Apr 7, 2014 Capital One Bank conducted a survey of conference attendees at NAPE Inte...

Wood Mackenzie cautions Asian governments that evolving energy policies are changing LNG buyer risk profiles

Mar 25, 2014 At Gastech 2014 today, Wood Mackenzie highlights that evolving Asian gov...

The future of the UK North Sea

Mar 21, 2014 On February 24, 2014, Sir Ian Wood delivered his Final Report on the fut...

Risk Management

SPE event to focus on offshore risk management

Mar 31, 2014 Former Subsea 7 Global Insurance Director Robert Armstrong will present ...

Excellere Partners invests in Frontline and G2

Mar 22, 2014 Excellere Partners has completed investments in both Frontline Energy Se...

Quorum acquires Phoenix ETRM Software from Woodlands Solutions

Feb 12, 2014 Quorum Business Solutions Inc., a provider of business information techn...

Quorum acquires Phoenix ETRM software from Woodlands Solutions

Feb 10, 2014 Quorum Business Solutions Inc., which provides business information tech...

Petrie: Four categories of risk for long term development of unconventionals

Feb 6, 2014 There are four categories of risk that must be addressed when talking ab...

Software Technology

The back office moves to the forefront of the oil and gas business

Apr 11, 2014 Energy companies have always been eager to embrace technologies that inc...

Baker Hughes acquires software technology company

Apr 9, 2014 Baker Hughes Inc. has acquired Perfomix Inc., a Texas-based oilfield sof...

Schlumberger acquires Rock Deformation Research

Mar 31, 2014 Schlumberger has acquired Rock Deformation Research Ltd., a UK-based com...

Shell selects Palantir Solutions’ new enterprise-planning software

Mar 26, 2014 Shell has selected Palantir Solutions to deliver a business planning sol...

P2 Energy Solutions expands operations in Thailand

Mar 25, 2014 P2 Energy Solutions has expanded its operations with a new office in Ban...

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