The oil and gas industry deals with many challenges and threats, from safety hazards to meeting certain standards. As such, it’s essential for workers in the industry to understand the difficulties and learn from them. If you’re curious about these obstacles, keep reading to learn about the common challenges in the oil and gas industry.
In the age of new technology and digitalization, the oil and gas industry become more vulnerable to different cyber threats. Companies can suffer from equipment sabotage, oil stock fraud, and destruction of oil and gas plants. Because these types of threats have severe consequences, companies must protect their assets and invest in hack-proof technology. Though this is an upper management duty, workers should be aware of all threats.
Oil and gas industry workers operate in high-risk environments. A common challenge for these workers is the different safety concerns—for instance, chemical hazards are among the five safety concerns for oil and gas industry workers. Toxic fumes and corrosive agents can harm employees, so they must be aware of safety precautions and best practices.
Learning Curve of New Technology
Though the oil and gas industry is tech-focused, newer technology requires a learning curve. Sometimes, it’s challenging trying to keep up with the latest technological advances. However, companies must use their resources to stay ahead of their competitors. Employees can attend workshops that explain new devices and learn about tools that can help their jobs.
Meeting Environmental Standards
It’s no secret that the oil and gas industry consumes a lot of water and energy resources. However, the industry is evolving to meet environmental standards. This constrains companies to rethink extraction practices, and production and distribution methods. It’s all easier said than done, so meeting environmental standards is a challenge that workers and upper-management personnel deal with every day.
Because oil and gas industry workers deal with many difficulties, learning from them is vital so they can better understand their industry. We hope our guide on common challenges in the oil and gas industry gave you better insight into what they deal with.