Oil Field Services Industry
For companies with trucks on the road today, one of the greatest risks is fuel pricing. Fuel costs make up approximately 39% of a motor carrier’s operational costs, making it the single highest cost center...even more costly than driver wages and benefits combined. A budget item of this size has got to be strategically managed.
Every business has risks but not every business is aware of them, or prepared for them. How confident are you about the risks facing your organization? Often, the reality of risk only becomes apparent when a catastrophe occurs. If you’re completely confident that you have identified and prepared for all risks, then read no more. Still
A common hazard that’s not easily recognized, but can easily kill, is lurking in crude petroleum and natural gas fields. Occurring naturally at oil and gas sites, hydrogen sulfide (H2S) is an extremely hazardous gas. High concentrations can cause shock, convulsions, inability to breathe, rapid unconsciousness, coma and death.
If you haven’t yet heard from every politician in our nation’s capital, energy production is a driving force to the economic recovery. Also, when you decide to emerge from the rock you’ve been living under, check for oil. We seem to be discovering quite a bit. For the United Sates oil and gas industry, 2012 was a record year. Exploration and
Most organizations today depend on external vendors to provide goods and services necessary to run daily operations. Apart from the apparent cost in engaging in these relationships, it is also important to understand that vendors can add complexity to an organization’s overall risk. Failure to manage this risk can further add to the cost