Implementing Cost Cutting in the Oil Industry
Abstract
In the modern day, organizations across different industries across the globe are implementing new strategies focused towards enhancing the profitability. Cost cutting is one of the major strategies adopted by companies to enhance their profitability. In the oil and gas industry companies have been pursuing different cost cutting strategies aimed at enhancing their profitability an issue that has been of primary concern. Various strategies have been proposed towards enhancing cost cutting strategies and these include automation that facilitate a throughout system, heightened regulatory measures compliance, technical support and solutions as well as maximizing modularity and replicability. These are ...