As the recent Permian Basin buying spree and increased offshore capital expenditures by super majors reveal, the energy industry downturn of recent years may be turning a corner. Market movement has companies looking to position themselves to take advantage of opportunities on the horizon. Is your company ready?
Just as maintaining physical assets is necessary, preventive maintenance in your contracting practices is equally critical. Such efforts should include evaluating risk allocation as well as updating policies and procedures that could affect the bottom line. With political and regulatory shifts evolving in the U.S. and globally, now is the time for a comprehensive check of your company’s contracts, insurance and regulatory compliance strategies.
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