Risk Management News

WEC Energy Announces Cash Tender Offer for up to $350M of its Outstanding Senior Notes
United States >> 12/5/2024 -  WEC Energy Group, Inc. (NYSE: WEC) ("WEC Energy Group") announced the commencement of a cash tender offer (the "Tender Offer") for up to $350,000,000 in aggregate principal amount (as such amount may...
Responsible use of artificial intelligence in the petroleum sector
Norway >> 11/4/2024 - A new knowledge overview maps risks and opportunities in the use of artificial intelligence in the petroleum sector. Particular emphasis is given to the prevention of major accidents.

Havtil ...
Equinor – Snorre B – risk and barrier management of stability incidents
Norway >> 10/28/2024 - The Norwegian Ocean Industry Authority (Havtil) has carried out an audit of Equinor and its comprehensive risk and barrier management of stability incidents at Snorre B. The audit was conducted fro...
Equinor – Mongstad – maintenance
Norway >> 4/30/2024 - The Norwegian Ocean Industry Authority (Havtil) has carried out an audit of Equinor and their management of maintenance at Mongstad. The audit was conducted on 11 April 2024.

Objective...
A Practical Approach to the Use of Risk Acceptance Criteria
Norway >> 1/10/2024 - On commission from the Norwegian Ocean Industry Authority (Havtil), in 2023, Proactima prepared a report on a practical approach to the use of risk acceptance criteria (RAC) in the light of the regula...
Lukoil Reports Preliminary Operating Data for the First Quarter of 2021
Russia >> 5/14/2021 - The Board of Directors tentatively aproved the Annual Report of PJSC "LUKOIL" for 2020 for its submission to the Annual General Shareholders Meeting. The Annual Report has been prepared in line with t...
LR and Falkonry Partner to Enhance Decision Making
United Arab Emirates >> 4/28/2021 - Lloyd’s Register and Falkonry partner to incorporate Operational AI Digital Twins into Asset Performance and Risk Management solution.

Lloyd's Register has partnered with the innovation le...
Polarcus Organization Reshape
United Arab Emirates >> 6/22/2020 - Polarcus Limited (“Polarcus”) (PLCS) refers to its press release dated 31 March 2020 which provided details of enhanced business continuity measures and a USD 15 million cost reduction plan to navigat...
Subsea 7 Announces Cost Reduction Measures
United Kingdom >> 5/28/2020 - Subsea 7 issued further details of the cost reduction programme, following initial guidance provided on 30 April. ...
Petrofac Announces Update on Market Conditions
Petrofac Announces Update on Market Conditions United Kingdom >> 5/15/2020 - Petrofac Limited (“Petrofac”) is holding its Annual General Meeting. In an update to shareholders, Chief Executive Ayman Asfari will comment: ...
ExxonMobil Reduces 2020 Capex by 30%
United States >> 4/7/2020 - ExxonMobil said it is reducing its 2020 capital spending by 30 percent and lowering cash operating expenses by 15 percent in response to low commodity prices resulting from oversupply and demand weakn...
Chevron Announces Actions in Response to Market Conditions
United States >> 3/24/2020 - Chevron Corporation announced several steps it is taking in response to market conditions. ...
CEO Letter to Shareholders
Norway >> 3/23/2020 - Alex Schneiter, President and CEO of Lundin Petroleum AB has written an open letter to shareholders in regard to current market conditions, measures taken to mitigate any impact from the current Covid...
Husky Energy Suspends West White Rose Project
Canada >> 3/22/2020 - Husky Energy will begin a systematic and orderly suspension of major construction activities related to the West White Rose Project. The decision reinforces Husky’s objective to prevent the transmissi...
Apache Announces Revised Capital Guidance and Dividend Reduction
Apache Announces Revised Capital Guidance and Dividend Reduction Egypt >> 3/12/2020 - Apache Corporation (NYSE, Nasdaq: APA) today announced multiple actions being taken in response to the current oil price environment. The company reduced its 2020 capital investment plan to a range of...
Yokogawa & Sphera Reach Agreement to Provide Risk Assessment
Japan >> 11/28/2018 - Yokogawa Electric Corporation announces that it has reached a go-to-market agreement with Sphera Solutions, Inc., a leading provider of integrated risk management software and information services foc...
PDVSA Wants Investors to Tender $600m Extra in Bond Swap
Venezuela >> 10/21/2016 - Venezuela's state oil producer PDVSA wants investors to tender an extra $600 million in a bond swap, preferably from the issue maturing in November 2017, to reach required levels of participation, a s...
An International Effort to Power Africa
Ghana >> 9/29/2015 - Powerful alliances were made Monday when the President of the United States, Barack Obama, and the President of the African Development Bank Group (AfDB), Akinwumi Adesina, shook hands, sealing a comm...
Migrating between SAP ERP Systems Delays Asset Transfer Completion
United Kingdom >> 6/26/2015 - The recent stabilisation in oil price has provided a context in which acquisition and divestment plans shelved during a period of volatility, are being dusted down and actively progressed. Operators a...
Aker & Baker to Cooperate on Early-Phase Oil & Gas Studies
Aker & Baker to Cooperate on Early-Phase Oil & Gas Studies Norway >> 6/19/2015 - Aker Solutions and Baker Hughes agreed to cooperate on early-phase studies to help customers improve the overall economics and value of oil and gas field developments. ...

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