In this episode, in association with the EIC, the war of words has continued in the helicopter space with another contract going to fiercely competitive Babcock. While the company has remained silent about its winning ways, others vying for contracts have been less restrained. Babcock, if you’re reading this, give Mark a call to explain.
Meanwhile, in Australia, a work commission has found in favour of a refinery worker who was sacked after his wife remixed a famous video of Hitler in his bunker with BP. While none of the EVOL team are lawyers, we do caution against comparing one’s employer to a fascist dictator in his dying days.
Chevron set out its reasoning behind its acquisition of Noble Energy this week. The buyer’s attention was first drawn to a stake in Israel’s Leviathan field. While US companies have focused increasingly on domestic shale opportunities over the last few years, they may be starting to consider international properties that actually generate cash flow – albeit at a higher risk premium.