The separation of companies or business units that are currently under one corporate umbrella
Companies that can provide integrated design, engineering, procurement, construction and project management services for the energy, infrastructure and petrochemical sectors. Service can include for instance engineering, procurement, fabrication and installation of offshore wellhead and process platforms including topsides and jackets, risers, submarine pipelines, underwater cables, single buoy mooring systems, etc.
A generic term that, in the energy field, may include options, futures, forwards, etc. Companies may use crude oil and natural gas derivative instruments to mitigate the effects of commodity price fluctuations. These derivative instruments though may expose the company to counterparty credit risk if the bank and/or financial institution that provides the instrument default
