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  • Institute of Petroleum Studies: About The Bulletin

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    Daniel Omolewa
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    The document summarizes the importance of safety in the petroleum industry. It states that safety is crucial and a core value, as failure to ensure safety can endanger employees, customers, reputation and revenues. Prioritizing safety creates a productive work environment, increases employee satisfaction, and reduces insurance claims. Overall, focusing on safety shows that a company cares about employee health and well-being.

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    July bulletin

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    The document summarizes the importance of safety in the petroleum industry. It states that safety is crucial and a core value, as failure to ensure safety can endanger employees, customers, reputation and revenues. Prioritizing safety creates a productive work environment, increases employee satisfaction, and reduces insurance claims. Overall, focusing on safety shows that a company cares about employee health and well-being.

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    © All Rights Reserved
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    10 views1 page

    Institute of Petroleum Studies: About The Bulletin

    Uploaded by

    Daniel Omolewa
    The document summarizes the importance of safety in the petroleum industry. It states that safety is crucial and a core value, as failure to ensure safety can endanger employees, customers, reputation and revenues. Prioritizing safety creates a productive work environment, increases employee satisfaction, and reduces insurance claims. Overall, focusing on safety shows that a company cares about employee health and well-being.

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    © All Rights Reserved
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    Institute of Petroleum Studies

    Admissions are open!


    July 2nd, 2021 About the Bulletin
    • About the Bulletin
    This bulletin is written by students of the Centre for Oil and Gas
    • The importance of safety in the Industry
    Technology at IPS.
    • IPS Quiz -02
    The content and views expressed in this document reflect only
    • Petroleum Updates
    the opinion of the authors and not of the School.

    THE IMPORTANCE OF SAFETY IN THE INDUSTRY

    Safety is crucial to everyone and is a core value in shows that safety plays a vital role in the
    the industry. Without the proper workplace safety development of a positive work environment
    measures in place, a company puts its employees, that fosters employee satisfaction. Perhaps
    customers, brand reputation and revenues in best of all, these businesses are more likely
    danger. Failure to teach employees how to maintain than others to attract and retain top talent.
    a safe work environment may lead to on-the-job •
    Reduces employee insurance claims.
    accidents, injuries and worst of all, fatalities. Workplace accidents and injuries raise
    employee insurance claims, and ultimately, may
    Why Should The Industry Prioritize Safety?
    put a significant dent in a company’s bottom line.
    •
    Creates a safe and productive work
    environment. An employee’s potential is
    Prioritizing workplace safety shows employees that
    maximized by prioritizing workplace safety, a
    a company cares about their health and well-being.
    company can provide its workers with a safe
    It enables a company to safeguard its employees
    environment where they can optimize their
    against a wide range of workplace dangers and
    productivity.
    ensures that workers get the support they need to
    •
    Increases employee satisfaction. A safe
    protect themselves against these risks
    workplace is a happy workplace, and research

    Petroleum Updates
    IPS Quiz -02
    Crude oil spot prices rise:
    WTI - $74.63 Brent - $75.47 1. What are the 3 elements required to start a fire?
    UK Nat Gas - $3.667 Bonny Light - $74.16 2. Electrical fires are best tackled with?

    House of Reps pass Petroleum Industry Bill (PIB)


    3. Where should you aim a fire extinguisher nozzle
    when putting out a fire?

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