Regulatory Compliance
Ensuring that oil and gas assets are in compliance with ever-changing regulations is essential to avoid unnecessary costs and fines and ensure the safe operation of your assets. With Altamira on your side, you can have confidence navigating today’s complex regulatory environment and ensure that your organization is proactively following the latest regulatory compliance standards.
Our expert team has strong relationships with regulatory agencies and has decades of experience supporting our clients with effective compliance strategies. These relationships help us to guide our clients with the latest Federal Energy Regulatory Commission (FERC), North American Electric Reliability Corporation (NERC) and U.S. Department of Transportation Pipeline and Hazardous Materials Administration (PHMSA) regulations. Whether you are preparing for an audit, or just planning a comprehensive regulatory compliance strategy, Altamira is here to support you with your organization’s unique regulatory compliance needs.
Ensuring that oil and gas assets are in compliance with ever-changing regulations is essential to avoid unnecessary costs and fines and ensure the safe operation of your assets. With Altamira on your side, you can have confidence navigating today’s complex regulatory environment and ensure that your organization is proactively following the latest regulatory compliance standards.
Our expert team has strong relationships with regulatory agencies and has decades of experience supporting our clients with effective compliance strategies. These relationships help us to guide our clients with the latest Federal Energy Regulatory Commission (FERC), North American Electric Reliability Corporation (NERC) and U.S. Department of Transportation Pipeline and Hazardous Materials Administration (PHMSA) regulations. Whether you are preparing for an audit, or just planning a comprehensive regulatory compliance strategy, Altamira is here to support you with your organization’s unique regulatory compliance needs.
Oil and Gas Compliance Consulting Services
- Process Safety Management: Learn the latest methods for completing work tasks and following industry standards.
- Minimum Safety Prevention Systems: Develop safety systems that help you safeguard your workers’ well-being.
- Safe Work Practices Development: Define what it means to complete oil and gas jobs correctly.
- Control Room Management: Safely regulate oil and gas equipment to set an example for employees.
- Regulatory Gap Assessment and Mitigation: See how close you are to meeting regulatory compliance standards and fix problems.
- Compliance Program Development: Design a compliance program you can implement in your workplace.
- Pipeline Safety Management: Ensure you follow safety protocols to install and keep new pipelines running.
- Engineering Analysis: Determine whether your engineering plans to scale your business fall within compliance.
- Technical Document Development: Create and organize the necessary documents to prove regulatory compliance.
- Pipeline and Facility Audit Support: Stay ready for routine oil and gas equipment audits.
- Compliance and Regulatory Training: Educate your staff on the nonnegotiable rules of the FERC and NERC.
For more details, download our brochure.
Due Diligence and Asset
Transaction Support
Altamira has a long history of supporting buyers, sellers, developers, and operators in mergers, acquisitions, divestitures, and internal asset valuations (read more)
Supporting the Oil and Gas Industry’s Complex Regulatory Compliance Needs
Our professionals understand the unique challenges energy companies face when trying to ensure compliance with ever changing regulations. Altamira’s expert team supports our clients as their trusted partner to reduce risks associated with operating pipelines and facilities and avoid costly fines.
Keeping You Compliant Through a Transparent Process
Altamira partners with clients to develop custom regulatory compliance strategies based on each client’s unique needs. We start by identifying gaps between current processes and industry standards. Next, our regulatory experts work in collaboration with internal teams to develop a custom regulatory compliance program.
Regulatory Compliance FAQs
Altamira’s most frequently asked questions about regulatory compliance in the oil and gas industry
1. Is there a difference between risk assessments and compliance audits?
Yes — risk assessments identify and mitigate compliance risks in a facility that could otherwise result in fines. Compliance audits focus on how your business stands with current laws and policies. Risk assessments are preventative measures for audits.
2. What is the value of risk management in the oil and gas industry?
Risk management practices allow you to protect your brand’s reputation and operate with a reduced chance of facility safety hazards. They also allow you to maintain customer confidence and sidestep disasters.
3. Who should complete risk assessment procedures for my oil and gas facility?
Risk assessments should be completed by trained personnel — either in-house or by external consultants. Altamira has significant experience working in the oil and gas industry, and our consultants have the applicable certifications to perform risk assessments for you.
