The term asset management may refer to different things based on the industry in which it is performed.
However, in general, it represents processes with which a company (or a designated advisor) supervises and coordinates its material assets and processes. The goal is to grow the asset portfolio, as well as to increase its value through further investments. Asset management also ensures that both tangible and intangible assets of a company are maintained and put to their best possible use.
In this blog post, we are going to discuss asset management in the energy industry.