Engineers, execs differ on cost-cutting impact on oil and gas safety
Did the cost cutting that came as the result of lower oil prices beginning in 2014 place the oil and gas industry at a higher safety risk?
Though the perception is largely positive—49 percent of the respondents in DNV GL’s survey do not think that the focus on profitability in recent years has negatively impacted safety performance—the responses are mixed, with some expressing their concern to the contrary. That’s almost twice as true among engineers and technical specialists as it is among business leaders.