ENERGY- OIL & GAS

The energy industry has never been more central on the world stage. Fundamental shifts of ownership, wealth, risk and commodity price are being driven by the imbalance between global supply and demand. Amidst this turbulent environment, emerge new risks and opportunities.

Energy - Oil & Gas

Marsh’s Energy Practice is at the forefront of advising energy companies on risk and insurance issues affecting operational success. Worldwide, our 300 plus professionals are primarily organised around two speciality product lines; upstream energy, and downstream energy, offering a deep understanding of industry issues within these segments. This wealth of expert knowledge is augmented by market leading risk engineering, project risk management, and claims services.

These solutions come from our access to, and relationships with, global insurance markets in London, Continental Europe, North America, Asia and the Middle East. By leveraging global market capacity, we can deliver optimum terms and conditions to our clients.

In Australia, our team of local experts provide risk and insurance advise to over 30 oil and gas clients both nationally an internationally, including companies involved in:

  • Onshore and offshore exploration
  • Oil and gas production, supply and distribution
  • CSG/CBM exploration and production
  • Hot rock and geothermal drilling
  • LNG plants

  • Onshore and offshore pipelines
  • Contracting to the oil and gas industry
  • Petrochemical plants
  • Construction of any of the above facilities

Our energy experts at Marsh specialise in identifying events, issues, trends and regulations that impact on the management of risk, and can draw upon the global resources of Marsh and McLennan Companies to create solutions for clients.

We are world leaders in understanding the risks of this sector. Our risk engineers have previously worked within the energy sector. Our expertise and knowledge of the energy insurance marketplace is second to none, and we have impressive track record in implementing effective strategies for our clients – finding the widest cover at the most competitive price.

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March 01, 2012  |  Views: 369 |  Comments: 0  | Article Rating
Client Alert: Changes to workers' compensation payments in South Australia
The existing levy system in South Australia will be replaced with a new employer payment system from 1 July 2012. The purpose of this alert is to provide an outline of the new empl...   Read More...
Client briefing: Bridgecorp judgment - analysis, updates and options
October 14, 2011  |  Views: 656 |  Comments: 0 
Client briefing: Bridgecorp judgment - analysis, updates and options
As discussed in our recent Client Alert, the Auckland High Court in Steigrad v BFSL 2007 Ltd 2 (the Bridgecorp case) ruled that the statutory charge imposed by section 9 of the Law...   Read More...
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January 06, 2011  |  Views: 197 |  Comments: 0  | Article Rating
Client alert: Transfer of insurance business from American Home Assurance Company
The purpose of this alert is to advise clients of the forthcoming scheme transfer of American HomeAssurance Company, trading as Chartis, to Chartis Australia Insurance Limited.   Read More...
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Environmental Risks
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Environmental Risks
Marsh Environmental practice has extensive experience in managing environmental risk and can assist your organisation to understand the potential impact of such risks, prevent thei...  Read More...
Forensic Accounting & Claims Services (FACS)
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Forensic Accounting & Claims Services (FACS)
Facing ever-increasing scrutiny from regulators, shareholders and the public, the need for business leaders to demonstrate their ability in managing unforeseen events or crises, in...  Read More...
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Views: 246 |  Comments: 0 
Kidnap & Ransom
Australia is among the top countries exposed to extortion. Marsh arranges corporate protection (kidnap & ransom) insurance for those companies and individuals who require specialis...  Read More...
Mergers & Acquisition
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Mergers & Acquisition
Corporate Australia's recent history is littered with evidence of the dangers implicit in merger and acquisition (M&A) activity. Transactions in the aviation and insurance sectors,...  Read More...
Mitigating political risks for mobile assets
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Mitigating political risks for mobile assets
Many companies are expanding beyond their domestic borders to do business internationally. Unstable political environments, however, can quickly ruin even the best-laid business pl...  Read More...
Mitigating political risks in contracts
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Mitigating political risks in contracts
Companies that enter into trade contracts for the supply of goods and services with government or private entities in emerging countries are often exposed to a number of underlying...  Read More...
Mitigating political risks in performance guarantees
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Mitigating political risks in performance guarantees
Most governments seek to promote the free trade of goods and services. However, despite clear rules set out by the World Trade Organisation (WTO), some governments continue to act ...  Read More...
Mitigating political violence risks
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Mitigating political violence risks
When reviewing uninsured risks, companies may find gaps in cover under their property insurance for perils such as political violence, war and terrorism. The Political Risk special...  Read More...
Natural Hazards Solutions
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Natural Hazards Solutions
Through a combination of innovative risk mitigation and risk transfer, a company can exercise optimum control over its property exposures.  Read More...
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Political risks in the oil and gas industry
War, terrorism, and factional violence continue to threaten oil and gas production. Moreover, oil-and-gas contract renegotiations and changes in operating rules underscore the pote...  Read More...
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Global Insurance Market Quarterly Briefing: Q4 2011
December 22, 2011  |  Views: 307 |  Comments: 0 
Global Insurance Market Quarterly Briefing: Q4 2011
Although insurance rates in most loss-affected geographies and classes of business continued to climb during the fourth quarter of 2011, in other classes and regions rates generall...  Read More...
Insurance Market Review (Pacific) – July 2011
July 25, 2011  |  Views: 388 |  Comments: 0 
Insurance Market Review (Pacific) – July 2011
The end of the June quarter closed out a tumultuous 18 months for the insurance market, which endured a string of catastrophic events across the globe. Starting with the Chilean ea...  Read More...
Insurance Market Review (Australia) - April 2011
April 26, 2011  |  Views: 238 |  Comments: 0  | Article Rating
Insurance Market Review (Australia) - April 2011
In the period since September 2010, the insurance market in Australasia has been hit by an unprecedented run of catastrophic events. The two earthquake events in Christchurch (the ...  Read More...
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July 25, 2011  |  Views: 138
Firming conditions for insurance buyers while catastrophe exposures bring steeper increases
A robust supply of capital in the local insurance market has limited the potential for higher rate increases except for buyers that have sustained heavy losses, according to a new ...  Read More...
April 27, 2011  |  Views: 138
First-Quarter Insurance Rate Increases Confined to Loss-Affected Exposures: Marsh
Global Insurance Markets Under Pressure as Atlantic Hurricane Season Approaches Despite record level first-quarter catastrophe losses, insurance rate increases were confined to lo...  Read More...

Contacts
Richard Green
Managing Principal & Pacific Region Practice leader
Perth, Australia
Richard.B.Green@marsh.com
Glenn Preece
Practice Leader
Sydney, Australia
Glenn.Preece@marsh.com
Richard Foxall
Principal
Perth, Australia
Richard.Foxall@marsh.com
   
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