First Global Meeting Of National Oil Companies To Be Held Later This Month
Marsh Inc., the world's leading risk and insurance services firm,
today announced it will host the first ever global risk advisory
meeting of the world's national oil companies (NOCs) at a conference
in Dubai, February 26-28. These state-owned enterprises manage roughly
80 percent of the world's oil supply and are rapidly growing in their
importance to the global energy scene.
The Marsh National Oil Company Conference will feature speakers
from Saudi Aramco, Petrobras, Statoil ASA, Nigerian National Petroleum
Corporation and other organizations. Marsh Chairman and CEO Brian
Storms will discuss emerging risk topics in the oil and gas industry
to open the conference, which is being attended by senior officials,
representatives and delegates from dozens of countries and will
operate under the patronage of the Ruler of Dubai.
A broad array of topics will be discussed during the two-day
event, including knowledge transfer among NOCs, governance,
measurement of enterprise-wide risk, and operational challenges tied
to cross-border investments.
"It's increasingly clear that state-owned oil companies will play
a major role in determining where the world's petroleum-based energy
supplies will come from in the future," said Jim Pierce, Managing
Director of Marsh's Global Marine & Energy Practice. "We're proud to
bring together many of the world's NOCs and host this important
gathering of international energy executives, experts and business
leaders."
Over the course of two days, the conference will feature both
presentations and breakout sessions that address the NOCs' transition
from their respective national stages to a global platform.
"We expect this ongoing shift will have far-reaching ramifications
for governments, businesses and consumers," said Andrew George,
Marsh's Marine & Energy leader in Dubai. "We're hopeful this
conference will promote an open dialogue on the risk issues and
business challenges NOCs face, and foster greater awareness and
collaboration among companies that are assuming critical leadership
roles in the global energy market."
Journalists planning to attend the conference in Dubai, or who
would like to speak to a specific presenter by phone, should call
Gabriela Juncadella in the U.S. (212-704-4448), Jason Groves in the
U.K. (+44 20 7357 1455) or Jonathan Tudor (+971 50 289 4699) in the
UAE to arrange for interviews.
About Marsh
Marsh, the world's leading risk and insurance services firm, has
26,000 employees and annual revenues approaching $5 billion. The firm
provides advice and transactional capabilities to clients in over 100
countries. Marsh is a unit of Marsh & McLennan Companies (MMC), a
global professional services firm with approximately 55,000 employees
and approximately $12 billion of annual revenues. MMC also is the
parent company of Guy Carpenter, Kroll, Putnam Investments, and
Mercer. MMC's stock (ticker symbol: MMC) is listed on the New York,
Chicago, and London stock exchanges. MMC's Web Site is www.mmc.com.
Marsh's Web site is www.marsh.com.