News & Articles
Top 5 Benefits of Hiring an Oil and Gas Consulting Firm in Calgary
News and ArticlesPartnering with a Calgary-based oil and gas consulting firm like Navigator Petroleum Consulting offers a distinct advantage in a competitive and evolving industry....
The Importance of Regular Audits in the Oil and Gas Industry
News and ArticlesRegular 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....
What Is Due Diligence Auditing and How it Differs from Other Audits
News and ArticlesDue diligence audits in oil and gas involve a comprehensive examination of a business or individual before finalizing contracts or investments....
Demystifying Oil and Gas Audits: A Comprehensive Guide for Industry Professionals
News and ArticlesThis guide created by the audit experts at Navigator Petroleum Consulting aims to demystify oil and gas audits by breaking down the process...
Types Of Joint Ventures and Why They Need Audits
News and ArticlesJoint 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, maki...
How to Reduce Operational Overhead: 3 Easy Cost-Cutting Tips for Your Business
News and ArticlesFor 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...
How to Select the Best Oil and Gas Consulting Firm: The Top 5 Things to Look Out For
News and ArticlesThe 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 ...
Field Office Efficiency: Internal Audits as a Catalyst for Improvement
News and ArticlesIn 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 un...
Global Expansion and Oil and Gas Consulting Firms
News and ArticlesThe 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 facil...
Advantages of Collaborating with Oil and Gas Consulting Firms
News and ArticlesElevating 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 t...
What’s in your Travel Bag?
News and ArticlesMy 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 ...
Operator Overhead Fees
News and ArticlesFor International Joint Ventures and Production Sharing ContractsInternational Joint Venture Operating Agreements and the corresponding Accounting Procedures typically allow Operators to charge an overhead fee in the form of a percentage...