Aspects related to risk management in oil and gas industry

Stanca Costel and Anghel Elena-Cristina
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Stanca Costel: Constanta Maritime University Romania
Anghel Elena-Cristina: Atlas Research Romania

Constanta Maritime University Annals, 2013, vol. 20, issue 2, 287-290

Abstract: The presence of risk in almost every human situation, activity and sector has determined the increasingly rapid development of the risk management discipline. Depending on the context, there are various descriptions of what risk management involves. Like in many other industries, oil and gas companies are facing many kinds of risks and uncertainties that make the execution of projects more and more complex and difficult. Taking into consideration the fact that in risk evaluation and treatment the potential impact is a key issue the oil and gas industry is one of the fields where addressing risks will remain one of the major concerns in order to assure the limitation of human life and environmental damages

JEL-codes: A0 A1 R0 R4 (search for similar items in EconPapers)
Date: 2013
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