Midstream companies are responsible for the processing, storing, and transporting of natural gas, crude oil, petroleum products, and water. These capital-intensive companies are tasked with providing services to their customers at low cost, while maintaining near perfect records for reliability. The most recent drop in the price for these commodities, coupled with concerns over health and safety issues, carbon emissions, and the viability of alternative energies, has created significant uncertainty in the industry. This uncertainty creates opportunities for those with strong capital positions.
Companies today must manage and preserve the strength of their balance sheets and credit profiles, the economical supply of commodities, and the ongoing compliance with political and regulatory requirements. Operational efficiencies must also be realized in systems, organizations, and business processes to help manage costs and preserve future earnings. Common risks these organizations tend to face include environmental health and safety, facility maintenance, capital project management, and business continuity. Typically, these organizations are only visible to the public when a crisis occurs, such as an accident, a storm, or some other type of service disruption. At that point, reinstating service becomes the most important and immediate issue for the community.
Protiviti’s experienced professionals help midstream companies identify, measure, and manage their regulatory, financial, operational, and technology-related risks. Our energy professionals possess finance, technology, accounting, and engineering backgrounds, and a wide range of industry experiences. We bring this expertise to your organization through unmatched collaboration, creating custom solutions to help you to face the future with confidence.