National Oil Companies’ Global Expansion Creates New Risk Landscape

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London,  February 19, 2014   

Marsh Conference to Explore Emerging Risks Facing Global Oil Industry


National Oil Companies (NOCs), International Oil Companies (IOCs) and independent oil companies are facing a new landscape of risk as they reconcile growing consumer demand for energy amid a rapidly evolving and dynamic operating environment.

To assist global energy firms manage these risks, Marsh is dedicating its biennial NOC conference, which takes place in March, to ‘Managing the Next Frontier of Risk’. The conference, which is attended by most of the world’s leading NOCs, will explore the opportunities created by global expansion, diversification and new technologies, as well as the risks associated with political activism and social media.

Andrew George, Chairman of Marsh’s Global Energy Practice, commented: “The new frontiers of oil and gas exploration and production are transforming the risk landscape faced by NOCs, IOCs and independent oil companies. Delegates to Marsh’s conference, the world's leading risk advisory forum designed solely for the world’s NOCs, will learn how to navigate their firms through these challenging times and capitalise on the opportunities these new frontiers present.”

Marsh’s NOC conference takes place under the patronage of His Highness Sheikh Maktoum Bin Mohammed Bin Rashid Al Maktoum, Deputy Ruler of Dubai.

Marsh’s NOC conference attracts senior executives, industry experts and stakeholders from across the global energy sector. Speakers at this year’s conference include: Mario Beauregard, Chief Financial Officer, Pemex; Nosizwe Nokwe-Macamo, Chief Executive Officer, PetroSA; Kurt Karl, Chief Economist, Swiss Re Corporate Solutions; Christoph Frei, Secretary General, World Energy Council (WEC); and Harib Al Kitani, Chief Executive Officer, Oman LNG.

Notes to Editors

Marsh’s fifth NOC conference will take place between 18-20 March at the InterContinental Hotel, Festival City, Dubai. Journalists are welcome to attend the conference. Please contact

About Marsh

Marsh is a global leader in insurance broking and risk management. We help clients succeed by defining, designing, and delivering innovative industry-specific solutions that help them effectively manage risk. We have approximately 27,000 colleagues working together to serve clients in more than 100 countries. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies (NYSE: MMC), a global professional services firm offering clients advice and solutions in the areas of risk, strategy, and human capital. With more than 54,000 employees worldwide and approximately $12 billion in annual revenue,

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