The price of oil has declined, leading to slashed budgets. By now, pretty much everyone in the Oil & Gas industry is familiar with these words. During these challenging times, it’s tempting to look at things from a short-term tactical perspective, and lose sight of the long-term strategic view. Many firms are forced to postpone capital expenditures to take into account the situation of the market. Other types of investments that companies tend to postpone include IT and software technology.
Between declining oil prices, slashed budgets, and increased incidental risks, conference to focus on how to create process efficiency and gain productivity improvements across all organizational levels
Aberdeen conducted a study of over 175 respondents surrounding how the energy sector approaches risk management. Specifically, it looks at how leaders in the industry ensure safety and compliance, maintain asset reliability, and outperform their peers in an increasingly complex environment by controlling risk holistically, across the enterprise.
This infographic that gives a succinct (and beautiful) overview of the benefits of managing risk in the energy sector. Explore it and get to know this must-read report even better.
5 Key Dimensions of a Safe, Sustainable Enterprise
Last year, I had the pleasure of hearing Gary Rosenblum of the Campbell Institute speak at the SAP Conference for Environment, Health and Safety Management in Houston. The Campbell Institute is the EHS Center of Excellence of the National Safety Council. It’s a forum for leaders in EHS to exchange ideas and collaborate across industry sectors to identify and refine best EHS practices, and a platform to prese
New Research Shows How a Holistic Approach to EHS and Sustainability Management Drives Profitable Growth
Even today, the Environment, Health and Safety (EHS) business function is sometimes viewed as more of a “necessary evil” that drains the bottom line than as a value-add to the business. But this view has undergone a transformation in recent years, especially in the asset intensive, higher risk industries like oil and gas, chemicals, mining, metals, and utilities.
In approximately three weeks, a freight train carrying thousands of Hewlett-Packard notebooks and displays makes its way from Chongqing, China to distributors and customers in Duisburg, Germany. This modern-day Silk Road covers two continents, six countries and more than 6,700 miles.
Despite the distance, the journey is cost-effective and better for the environment than air transport, and it’s faster than ocean shipping.