Identification of the causes of risks under the conditions of innovative development of oil and gas companies

Khvostina Inesa Mykolaivna
Candidate of Economic Sciences, Associate Professor, Associate Professor of Department of Environmental Economics and Organization of Production,
Pisak Kateryna Vasylivna
Bachelor of Department of Enterprise Economy,
Ivano-Frankivsk National Technical University of Oil and Gas, Ukraine

  • The market environment, in which oil and gas companies operate, is characterized by elements of uncertainty and is accompanied by risks of entrepreneurship and production. Insufficient attention to the issues of risk management in the conditions of innovative development of enterprises leads to an inadequate response of oil and gas companies on the risks and threats that arise in the current economic environment, and, as a consequence, the adoption of unjustified managerial decisions. All this contributes to the significant threats in the activity of enterprises, limited mobility and loss of potential opportunities.
    The article defines the modern state oil and gas complex of Ukraine. The main problems of enterprises operating in this industry are considered. The causes of risks influencing the innovative activity of enterprises of oil and gas complex, the necessity of building an integrated risk management system are investigated.
  • oil and gas industry, risk, uncertainty, innovation, development, management, competitiveness, enterprise, innovative activity, integrated risk management system.
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