Joint venture audits Navigator Petroleum

Types Of Joint Ventures and Why They Need Audits

Joint ventures represent a strategic alliance where two or more parties come together to achieve specific business objectives while sharing risks, rewards, and governance. These partnerships can vary widely in structure and purpose, making audits an essential tool for ensuring transparency, compliance, and the alignment of interests. In the dynamic and capital-intensive oil and gas industry, joint ventures (JVs) are …

Operational overhead Navigator petroleum how to cut costs and save

How to Reduce Operational Overhead: 3 Easy Cost-Cutting Tips for Your Business

For many businesses, managing operational overhead can be the difference between profitability and financial strain. But what exactly is operational overhead, and why is it so important to keep it in check? Operational overhead refers to the ongoing costs required to run a business that isn’t directly linked to creating products or services. These are the expenses a business incurs …

Navigator Petroleum Consultants Internal Audits Field Offices

Field Office Efficiency: Internal Audits as a Catalyst for Improvement

In the oil and gas industry, field offices play a critical role in ensuring the smooth execution of exploration, production, and distribution activities. However, managing dispersed operations across vast geographical regions presents unique challenges that can impact efficiency, safety, and regulatory compliance. In this dynamic and high-stakes environment, internal audits emerge as indispensable tools for identifying opportunities for improvement and …