Regular audits are essential in the oil and gas industry, as they systematically examine operations, processes, and records to ensure adherence to industry standards and regulatory requirements.

Due diligence audits in oil and gas involve a comprehensive examination of a business or individual before finalizing contracts or investments.

This guide created by the audit experts at Navigator Petroleum Consulting aims to demystify oil and gas audits by breaking down the process

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 …

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 …

The oil and gas industry is vast and intricate, and making informed decisions can be the difference between success and costly missteps. With stakes this high, the choice of an oil and gas consulting firm is not just a decision—it’s a pivotal moment that can shape the future of any project. As we navigate the complexities of this industry, the …

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 …

The global oil and gas industry, a powerhouse of economic and industrial development, stands at the forefront of complex challenges and ever-evolving market dynamics. Within this context, the role of oil and gas consulting firms in facilitating global market expansion is pivotal. These firms offer a unique blend of expertise, strategic insights, and innovative solutions, empowering energy companies to navigate …

Elevating Your Venture with Oil & Gas Audits In the dynamic and complex landscape of the oil and gas industry, consulting firms, such as Navigator Petroleum Consulting, play a pivotal role, serving as strategic partners that contribute to the sector’s growth and resilience. The evolution of consulting services in the energy sector is deeply rooted in the industry’s need for …

My consulting firm conducts joint venture audits and production sharing cost audits in the oil and gas industry throughout the world. Having travelled extensively and having worked in more than twenty countries worldwide, I have learned the hard way how to pack, what to pack and how to get by as comfortably as possible especially when travelling to developing countries. …