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Celebrating 40 years of drilling innovation
In 1972 the A.P. Moller – Maersk Group decided to invest in the drilling industry after the first discoveries of oil were made in the North Sea. Since then, Maersk Drilling’s activities have gone global. See what Maersk Drilling CEO Claus V. Hemmingsen had to say: http://mrsk.co/13KP1wn
"Oil and gas activities" provided A.P. Moller – Maersk with 22% of its revenue and 68% of its profit in 2008.
"Oil and gas activities" provided A.P. Moller – Maersk with 22% of its revenue and 68% of its profit in 2008.
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Growth Opportunities for Financial Services in Emerging Markets
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What Does 2013 Have In Store For Engineering?
Justin McGar, http://designbuildsource.com.au
Although the downturn in conditions within the construction industry in Australia continues to ease, with orders declining at a reduced rate in engineering, there seems little doubt that challenges remain for 2013.... more
Oil industry beats Buffett in railroad investments surge
Fuelfix, Bloomberg
North American energy companies are starting to invest more in railroad terminals than the railroads themselves.
A group of oil and gas pipeline operators led by Plains All American Pipeline LP (PAA) announced plans just in the past three months to spend about $1 billion on rail depot projects to help move more crude from inland fields to refineries on the coasts. Warren Buffett’s Burlington Northern Santa Fe LLC, the largest U.S. railroad, spent $400 million on terminals in 2012.
For the first time, energy companies that traditionally rented rail capacity are buying the assets because swelling output from Alberta’s oil sands and shale fields in North Dakota’s Bakken region and Eagle Ford in Texas has overwhelmed pipelines.... more
The Allstate Corporation
The Allstate Corporation (NYSE: ALL) is the second-largest personal lines insurer in the United States (behind State Farm) and the largest that is publicly held.
The Chubb Corporation NYSE: CB
Chubb Corporation is the eighth largest property and casualty insurer in the United States, with over 120 offices located in 29 countries, and offers commercial, specialty, surety, and personal insurance services.
ACE Limited
ACE Limited (NYSE: ACE) is the parent company of the ACE Group, a global provider of insurance products covering property and casualty, accident and health, reinsurance, travel, creditor, and life insurance. It also operates in the Lloyd's insurance market in London.
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