Political–security risk in the oil and gas industry: the impact of terrorism on risk management and mitigation
| Autor: | Lars B. Blomquist, Derica Lambrechts |
|---|---|
| Rok vydání: | 2016 |
| Předmět: |
Finance
021110 strategic defence & security studies Government Political risk business.industry Strategy and Management 05 social sciences 0211 other engineering and technologies General Engineering General Social Sciences 02 engineering and technology Economy Petroleum industry 0502 economics and business Terrorism Economics Security management Safety Risk Reliability and Quality business 050203 business & management Risk management Human security Corporate security |
| Zdroj: | Journal of Risk Research. 20:1320-1337 |
| ISSN: | 1466-4461 1366-9877 |
| DOI: | 10.1080/13669877.2016.1153502 |
| Popis: | Oil and gas companies are experiencing an increase in terrorist attacks. The industry became a legitimate target for terrorist groups in the 1990s and the number of attacks have increased yearly, with a spike after the 9/11 attacks. In today’s interconnected world, political risk is not only about the relationship between the host government and the company. Oil and gas companies may experience risks on a transnational, national and human security level. The success of new investments often depends on the successful utilization of risk management strategies. This study focuses on the importance of political–security risk in the oil and gas industry. In January 2013, the oil and gas industry experienced one of its deadliest attacks at the In Amenas gas facility in Algeria, forcing firms to reconsider its focus on security management. Statoil undertook a thorough analysis of security at the site as well as of the company′s corporate security risk management. The report revealed a lack of focus on political–... |
| Databáze: | OpenAIRE |
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