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Aspects related to risk management in oil and gas industry

Author

Listed:
  • Stanca Costel

    (Constanta Maritime University Romania)

  • Anghel Elena-Cristina

    (Atlas Research Romania)

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

Suggested Citation

  • Stanca Costel & Anghel Elena-Cristina, 2013. "Aspects related to risk management in oil and gas industry," Constanta Maritime University Annals, Constanta Maritime University, vol. 20(2), pages 287-290.
    • Handle: RePEc:cmc:annals:v:20:y:2013:i:2:p:287-290
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    File URL: http://cmu-edu.eu/RePEc/cmc/annals/287-v20.pdf
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    More about this item

    JEL classification:

    • R0 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General
    • R4 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics
    • A0 - General Economics and Teaching - - General
    • A1 - General Economics and Teaching - - General Economics

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