Empire Oil & Gas Company
Risk Management Services
What we do
Risk management is an essential part of any industry, but it is vital in the oil and gas industry.
Oil and gas companies have many chemicals and hazardous substances at their disposal, and workers in these companies are often exposed to these substances daily. Therefore, if companies do not have adequate risk management strategies, they put themselves and their employees at serious risk of harm. At Empire Oil & Gas we ensure to equip your team with the technical know how and proven approach to service effective delivery.
Our Service Addresses
Transportion risks
Oil companies face transportation risks throughout their value chains from production to refining to delivery of fuel products to customers.
Political Risks
Political risks are associated with instability in government policies. These risks can be associated with changes in fiscal policies or regulatory policies.
Environmental Risks
Environmental impacts may come from harmful emissions into the air or water supply. They may also result directly from resource extraction activities such as hydraulic fracturing.
Operating Risk
Oil and gas companies also face operating risks because they are physically involved in extracting a commodity from the ground. Worker safety is a major issue for exploration and production companies.
Oil spills
Oil drilling, production and transportation operations can cause major environmental damage. Not only do these accidents harm wildlife, but they also hurt the company’s reputation
Supply and demand risks
Supply and demand shocks pose a real risk to oil and gas companies, taking a fair chunk of capital and continuing volatility in the price of oil and gas with its impact on economic factors and financial crises.
Price volatility
Crude oil prices are notoriously volatile, which is a major challenge for oil companies. When prices fall, these companies can struggle to meet their costs and may fail to turn a profit.
