Safety and risk management in oil and gas industry

A proposed European Union law demands that the oil and gas industry meet the most stringent safety standards found in Europe. Despite the environmental setbacks and the loss of human life experienced as a result of the Deepwater Horizon explosion and spill, deepwater drilling shows no signs of I thank you for inviting me here today to speak on risk management in the offshore oil and gas industry. To provide some background, I have been practicing, teaching, and doing research in system safety engineering for over 30 years. Although I am a professor of aerospace engineering, I have experience in almost all industries […] Oil, gas and chemical . Risktec has a substantial track record of working for many of the leading companies in the oil, gas, petrochemical and chemical sectors. We have experience of a wide range of facilities across all stages of the lifecycle and a proven track record to meet the challenges the industry faces.

in connection with offshore oil and gas exploration and production. This guideline includes requirements for assessment of health and safety risks and risks of  1 May 2017 and gas exploration and production. Companies have used these results to successfully develop and implement risk management and safety  16 Jul 2019 Risk management in the oil and gas industry has to be handled properly. However, it doesn't always work the right way. Sometimes, companies  an application of process risk management in the oil and gas industry, based on this work tackles three, relative to Process Safety Information (first element),   26 Sep 2013 Safety and environmental management in the oil and gas industry: A and process safety programs, and better risk management practices,  This report mainly focuses on industrial safety. This is achieved through the management of risks resulting from: • Major accident hazards, which have the potential  a strategy built on rigorous risk management and compliance with industrial safety rules. The ARGOS Challenge: the search for tomorrow's oil and gas robot.

System safety engineering (which should not be confused with occupational safety) has been in existence as a system engineering discipline for at least 50 years.

in connection with offshore oil and gas exploration and production. This guideline includes requirements for assessment of health and safety risks and risks of  1 May 2017 and gas exploration and production. Companies have used these results to successfully develop and implement risk management and safety  16 Jul 2019 Risk management in the oil and gas industry has to be handled properly. However, it doesn't always work the right way. Sometimes, companies  an application of process risk management in the oil and gas industry, based on this work tackles three, relative to Process Safety Information (first element),   26 Sep 2013 Safety and environmental management in the oil and gas industry: A and process safety programs, and better risk management practices,  This report mainly focuses on industrial safety. This is achieved through the management of risks resulting from: • Major accident hazards, which have the potential 

7 Feb 2016 to safety management over the years, the upstream oil & gas industry has been Big Data and its applications for managing industrial risks.

25 Aug 2016 focused the industrial requirements not academic requirements. This is achieved through the management of risks resulting from: Major  in connection with offshore oil and gas exploration and production. This guideline includes requirements for assessment of health and safety risks and risks of 

While we do not operate any production facilities ourselves, we do take an active oversight role with our joint venture partners. Active oversight includes for 

1 May 2013 safety, and environmental pressures resulting from past and recent In the oil and gas industry, managing capital projects, in particular.

26 Sep 2013 Safety and environmental management in the oil and gas industry: A and process safety programs, and better risk management practices, 

26 Sep 2013 Safety and environmental management in the oil and gas industry: A and process safety programs, and better risk management practices,  This report mainly focuses on industrial safety. This is achieved through the management of risks resulting from: • Major accident hazards, which have the potential  a strategy built on rigorous risk management and compliance with industrial safety rules. The ARGOS Challenge: the search for tomorrow's oil and gas robot. Workers in the oil and gas industries face the risk of fire and explosion due to ignition of Applicability of 29 CFR 1910.119 Process Safety Management (PSM )  1 May 2013 safety, and environmental pressures resulting from past and recent In the oil and gas industry, managing capital projects, in particular. Petrotrin took their risk assessment to the next level with BowTieXP current market correction, we have to remain committed to improving safety performance. How do Throughout the oil & gas industry the bowtie software is used in various  24 3.1 Hedging as a Risk Mitigation Technique in the Oil and Gas Sector.24 3.2 System Safety Engineering as a Risk Mitigation 

03 How Safety has Evolved in the Oil and Gas Industry 1800s: Accidents Abound Worker injuries and fatalities weren’t tracked in the United States before the 1880s, which speaks to the overall cultural indifference to industrial safety. Protecting Reputation & Profitability. In a high-risk industry like oil and gas, protection of human life is always the highest priority. Organizations must also strive to avoid fines for accidents and safety violations and guard carefully against incidents that could impact their reputation. Industry volatility. A recent Deloitte study found that around one-third of the world’s publicly traded oil companies are at risk of bankruptcy. They carry a combined $150 billion in debt, and prospects for raising cash are diminishing amid weaker prices for asset sales and decreased value of secondary stock offerings. The International Association of Oil & Gas Producers (IOGP) is the voice of the global upstream oil and gas industry. Our Members operate around the globe, producing 40% of the world’s oil and gas. Together, we identify and share knowledge and good practices to improve the industry in areas such as health, safety, the environment and efficiency. The BP Macondo spill highlighted the importance of comprehensive risk management procedures for oil and gas operators. Elly Earls met A.T. Kearney's Neal Walters to find out how the industry is increasingly hedging its bets and who should be held responsible if the worst happens.