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IPS Bulletin

THE IMPORTANCE OF SAFETY IN THE INDUSTRY

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  • About the Bulletin
  • The importance of safety in the Industry
  • IPS Quiz -02
  • Petroleum Updates

About the Bulletin
This bulletin is written by students of the Centre for Oil and Gas Technology at IPS.
The content and views expressed in this document reflect only 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 the industry. Without the proper workplace safety measures in place, a company puts its employees, customers, brand reputation and revenues in danger. Failure to teach employees how to maintain a safe work environment may lead to on-the-job accidents, injuries and worst of all, fatalities.

Why Should The Industry Prioritize Safety?

  • Creates a safe and productive work environment. An employee’s potential is maximized by prioritizing workplace safety, a company can provide its workers with a safe environment where they can optimize their productivity.
  • Increases employee satisfaction. A safe workplace is a happy workplace, and research shows that safety plays a vital role in the development of a positive work environment that fosters employee satisfaction. Perhaps best of all, these businesses are more likely than others to attract and retain top talent.
  • Reduces employee insurance claims. Workplace accidents and injuries raise employee insurance claims, and ultimately, may put a significant dent in a company’s bottom line.

Prioritizing workplace safety shows employees that a company cares about their health and well-being. It enables a company to safeguard its employees against a wide range of workplace dangers and ensures that workers get the support they need to protect themselves against these risks.

IPS Quiz - 02

  1. What are the 3 elements required to start a fire?
  2. Electrical fires are best tackled with?
  3. Where should you aim a fire extinguisher nozzle when putting out a fire?

 Petroleum Updates   

Crude oil spot prices rise:

 

WTI - $74.63

Brent - $75.47

UK Nat Gas - $3.667

Bonny Light - $74.16

House of Reps passes Petroleum Industry Bill (PIB)
  • Institute of Petroleum and Energy Studies,
  • East West Road,
  • P.M.B 2, Uniport Post Office, Choba,
  • Port Harcourt, Rivers State, Nigeria.
  • +2349090624900
  • info@ipes.uniport.edu.ng