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Risk Management In The Oil And Gas Industry

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Risk Management in the Oil and Gas Industry

Risk Management in the Oil and Gas Industry Book
Author : Gerardo Portela Da Ponte Jr
Publisher : Gulf Professional Publishing
Release : 2021-06-09
ISBN : 0128236272
Language : En, Es, Fr & De

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Book Description :

Risk Management in the Oil and Gas Industry: Offshore and Onshore Concepts and Case Studies delivers the concepts, strategies and good practices of offshore and onshore safety engineering that are applicable to petroleum engineering and immediately surrounding industries. Guided by the strategic risk management line, this reference organizes steps in order of importance and priority that should be given to the themes in the practical exercise of risk management activities, from the conceptual and design phase to operational and crisis management situations. Each chapter is packed with practical case studies, lessons learned, exercises, and review questions. The reference also touches on the newest techniques, including liquefied natural gas (cryogenics) operations and computer simulations that contemplate the influence of human behavior. Critical for both the new and experienced engineer, this book gives the best didactic tool to perform operations safely and effectively. Helps readers by presenting practical case studies and exercises that are included in every chapter Presents an understanding on how to approach and apply best practices specific to the oil and gas industry, both offshore and onshore Provides the knowledge needed to gain new techniques in computer simulation and human factors to apply to various sectors of the industry, including subsea and refineries

Risk Management in the Oil and Gas Industry

Risk Management in the Oil and Gas Industry Book
Author : Gerardo Portela Da Ponte Jr
Publisher : Elsevier
Release : 2021-06-14
ISBN : 0128235330
Language : En, Es, Fr & De

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Book Description :

Risk Management in the Oil and Gas Industry: Offshore and Onshore Concepts and Case Studies delivers the concepts, strategies and good practices of offshore and onshore safety engineering that are applicable to petroleum engineering and immediately surrounding industries. Guided by the strategic risk management line, this reference organizes steps in order of importance and priority that should be given to the themes in the practical exercise of risk management activities, from the conceptual and design phase to operational and crisis management situations. Each chapter is packed with practical case studies, lessons learned, exercises, and review questions. The reference also touches on the newest techniques, including liquefied natural gas (cryogenics) operations and computer simulations that contemplate the influence of human behavior. Critical for both the new and experienced engineer, this book gives the best didactic tool to perform operations safely and effectively. Helps readers by presenting practical case studies and exercises that are included in every chapter Presents an understanding on how to approach and apply best practices specific to the oil and gas industry, both offshore and onshore Provides the knowledge needed to gain new techniques in computer simulation and human factors to apply to various sectors of the industry, including subsea and refineries

Dynamic Risk Analysis in the Chemical and Petroleum Industry

Dynamic Risk Analysis in the Chemical and Petroleum Industry Book
Author : Nicola Paltrinieri,Faisal Khan
Publisher : Butterworth-Heinemann
Release : 2016-08-06
ISBN : 0128038233
Language : En, Es, Fr & De

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Book Description :

Dynamic Risk Analysis in the Chemical and Petroleum Industry focuses on bridging the gap between research and industry by responding to the following questions: What are the most relevant developments of risk analysis? How can these studies help industry in the prevention of major accidents? Paltrinieri and Khan provide support for professionals who plan to improve risk analysis by introducing innovative techniques and exploiting the potential of data share and process technologies. This concrete reference within an ever-growing variety of innovations will be most helpful to process safety managers, HSE managers, safety engineers and safety engineering students. This book is divided into four parts. The Introduction provides an overview of the state-of-the-art risk analysis methods and the most up-to-date popular definitions of accident scenarios. The second section on Dynamic Risk Analysis shows the dynamic evolution of risk analysis and covers Hazard Identification, Frequency Analysis, Consequence Analysis and Establishing the Risk Picture. The third section on Interaction with Parallel Disciplines illustrates the interaction between risk analysis and other disciplines from parallel fields, such as the nuclear, the economic and the financial sectors. The final section on Dynamic Risk Management addresses risk management, which may dynamically learn from itself and improve in a spiral process leading to a resilient system. Helps dynamic analysis and management of risk in chemical and process industry Provides industry examples and techniques to assist you with risk- based decision making Addresses also the human, economic and reputational aspects composing the overall risk picture

Risk Management

Risk Management Book
Author : Terje Aven,Jan-Erik Vinnem
Publisher : Springer Science & Business Media
Release : 2007-04-26
ISBN : 1846286530
Language : En, Es, Fr & De

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Book Description :

This book presents a risk management framework designed to achieve better decisions and more desirable outcomes. It presents an in-depth discussion of some fundamental principles of risk management related to the use of expected values, uncertainty handling, and risk acceptance criteria. Several examples from the offshore petroleum industry are included to illustrate the use of the framework, but it can also be applied in other areas.

Safety and Reliability Safe Societies in a Changing World

Safety and Reliability     Safe Societies in a Changing World Book
Author : Stein Haugen,Anne Barros,Coen van Gulijk,Trond Kongsvik,Jan Erik Vinnem
Publisher : CRC Press
Release : 2018-06-15
ISBN : 1351174657
Language : En, Es, Fr & De

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Book Description :

Safety and Reliability – Safe Societies in a Changing World collects the papers presented at the 28th European Safety and Reliability Conference, ESREL 2018 in Trondheim, Norway, June 17-21, 2018. The contributions cover a wide range of methodologies and application areas for safety and reliability that contribute to safe societies in a changing world. These methodologies and applications include: - foundations of risk and reliability assessment and management - mathematical methods in reliability and safety - risk assessment - risk management - system reliability - uncertainty analysis - digitalization and big data - prognostics and system health management - occupational safety - accident and incident modeling - maintenance modeling and applications - simulation for safety and reliability analysis - dynamic risk and barrier management - organizational factors and safety culture - human factors and human reliability - resilience engineering - structural reliability - natural hazards - security - economic analysis in risk management Safety and Reliability – Safe Societies in a Changing World will be invaluable to academics and professionals working in a wide range of industrial and governmental sectors: offshore oil and gas, nuclear engineering, aeronautics and aerospace, marine transport and engineering, railways, road transport, automotive engineering, civil engineering, critical infrastructures, electrical and electronic engineering, energy production and distribution, environmental engineering, information technology and telecommunications, insurance and finance, manufacturing, marine transport, mechanical engineering, security and protection, and policy making.

Project Management for the Oil and Gas Industry

Project Management for the Oil and Gas Industry Book
Author : Adedeji B. Badiru,Samuel O. Osisanya
Publisher : CRC Press
Release : 2016-04-19
ISBN : 1420094262
Language : En, Es, Fr & De

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Book Description :

Project management for oil and gas projects comes with a unique set of challenges that include the management of science, technology, and engineering aspects. Underlining the specific issues involved in projects in this field, Project Management for the Oil and Gas Industry: A World System Approach presents step-by-step application of project management techniques. Using the Project Management Body of Knowledge (PMBOK®) framework from the Project Management Institute (PMI) as the platform, the book provides an integrated approach that covers the concepts, tools, and techniques for managing oil and gas projects. The authors discuss specialized tools such as plan, do, check, act (PDCA); define, measure, analyze, improve, control (DMAIC); suppliers, inputs, process, outputs, customers (SIPOC); design, evaluate, justify, integrate (DEJI); quality function deployment (QFD); affinity diagrams; flowcharts; Pareto charts; and histograms. They also discuss the major activities in oil and gas risk assessment, such as feasibility studies, design, transportation, utility, survey works, construction, permanent structure works, mechanical and electrical installations, and maintenance. Strongly advocating a world systems approach to managing oil and gas projects and programs, the book covers quantitative and qualitative techniques. It addresses technical and managerial aspects of projects and illustrates the concepts with case examples of applications of project management tools and techniques to real-life project scenarios that can serve as lessons learned for best practices. An in-depth examination of project management for oil and gas projects, the book is a handbook for professionals in the field, a guidebook for technical consultants, and a resource for students.

Political Risk In The International Oil And Gas Industry

Political Risk In The International Oil And Gas Industry Book
Author : Howard L Lax,Calvin Goldscheider
Publisher : Routledge
Release : 2019-07-11
ISBN : 1000307344
Language : En, Es, Fr & De

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Book Description :

In this book, the author draws upon his training in political science and experience as an energy consultant at Atlantis, Inc. It explores the conflicting interests of host and firm, and discusses the way firms use political risk analyses leads us to the issue of managing political risk.

Oil and Gas Processing Equipment

Oil and Gas Processing Equipment Book
Author : G. Unnikrishnan
Publisher : CRC Press
Release : 2020-09-15
ISBN : 1000174212
Language : En, Es, Fr & De

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Book Description :

Oil and gas industries apply several techniques for assessing and mitigating the risks that are inherent in its operations. In this context, the application of Bayesian Networks (BNs) to risk assessment offers a different probabilistic version of causal reasoning. Introducing probabilistic nature of hazards, conditional probability and Bayesian thinking, it discusses how cause and effect of process hazards can be modelled using BNs and development of large BNs from basic building blocks. Focus is on development of BNs for typical equipment in industry including accident case studies and its usage along with other conventional risk assessment methods. Aimed at professionals in oil and gas industry, safety engineering, risk assessment, this book Brings together basics of Bayesian theory, Bayesian Networks and applications of the same to process safety hazards and risk assessment in the oil and gas industry Presents sequence of steps for setting up the model, populating the model with data and simulating the model for practical cases in a systematic manner Includes a comprehensive list on sources of failure data and tips on modelling and simulation of large and complex networks Presents modelling and simulation of loss of containment of actual equipment in oil and gas industry such as Separator, Storage tanks, Pipeline, Compressor and risk assessments Discusses case studies to demonstrate the practicability of use of Bayesian Network in routine risk assessments

Performance Management for the Oil Gas and Process Industries

Performance Management for the Oil  Gas  and Process Industries Book
Author : Robert Bruce Hey
Publisher : Gulf Professional Publishing
Release : 2017-04-06
ISBN : 0128104473
Language : En, Es, Fr & De

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Book Description :

Performance Management for the Oil, Gas, and Process Industries: A Systems Approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more integrated units, as well as the application of increasingly stringent environmental policies. Focusing on the ‘value adder’ or ‘revenue generator’ core system and the company direction statement, this book describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries. The book will enable the reader to: utilize best practice principles of good governance for long term performance enhancement; identify the most significant performance indicators for overall business improvement; apply strategies to ensure that targets are met in agreed upon time frames. Describes a systems approach which assures significant sustainable improvements in the business and operational performance specific to the oil, gas, and process industries Helps readers set appropriate and realistic short-term/ long-term targets with a pre-built facility health checker Elucidates the relationship between PSM, OHS, and Asset Integrity with an increased emphasis on behavior-based safety Discusses specific oil and gas industry issues and examples such as refinery and gas plant performance initiatives and hydrocarbon accounting

Risk Management in Engineering and Construction

Risk Management in Engineering and Construction Book
Author : Stephen Ogunlana,Prasanta Kumar Dey
Publisher : Routledge
Release : 2019-09-09
ISBN : 1134019297
Language : En, Es, Fr & De

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Book Description :

Today’s businesses are driven by customer ‘pull’ and technological ‘push’. To remain competitive in this dynamic business world, engineering and construction organizations are constantly innovating with new technology tools and techniques to improve process performance in their projects. Their management challenge is to save time, reduce cost and increase quality and operational efficiency. Risk management has recently evolved as an effective method of managing both projects and operations. Risk is inherent in any project, as managers need to plan projects with minimal knowledge and information, but its management helps managers to become proactive rather than reactive. Hence, it not only increases the chance of project achievement, but also helps ensure better performance throughout its operations phase. Various qualitative and quantitative tools are researched extensively by academics and routinely deployed by practitioners for managing risk. These have tremendous potential for wider applications. Yet the current literature on both the theory and practice of risk management is widely scattered. Most of the books emphasize risk management theory but lack practical demonstrations and give little guidance on the application of those theories. This book showcases a number of effective applications of risk management tools and techniques across product and service life in a way useful for practitioners, graduate students and researchers. It also provides an in-depth understanding of the principles of risk management in engineering and construction.

Offshore Safety Management

Offshore Safety Management Book
Author : Ian Sutton
Publisher : William Andrew
Release : 2011-10-11
ISBN : 1437735258
Language : En, Es, Fr & De

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Book Description :

2010 was a defining year for the offshore oil and gas industry in the United States. On April 20, 2010, the Deepwater Horizon (DWH) floating drilling rig suffered a catastrophic explosion and fire. Eleven men died in the explosion — 17 others were injured. The fire, which burned for a day and a half, eventually sent the entire rig to the bottom of the sea. The extent of the spill was enormous, and the environmental damage is still being evaluated. Following DWH the Bureau of Ocean Energy Management, Regulations and Enforcement (BOEMRE) issued many new regulations. One of them is the Safety and Environmental System (SEMS) rule, which is based on the American Petroleum Institute’s SEMP recommended practice. Companies have to be in full compliance with its extensive requirements by November 15, 2011. • Detailed explanation of how to implement the new SEMS standard for offshore operations. • Ties the new regulations in with existing Safety Management approaches helping managers leverage existing processes and paperwork. • Written by a well-respected authority in the field (quotes from reviews: ‘vast expertise’, ‘Ian has insider access to executive thinking that few others have’, ‘Ian is a well known figure in the process safety industry and is well regarded’). • CEOs now have to sign off on compliance paperwork, making SEMS implementation something you need to get right first time. Ian Sutton provides the expert insights you need to achieve this.

Project Management in the Oil and Gas Industry

Project Management in the Oil and Gas Industry Book
Author : Mohamed A. El-Reedy
Publisher : John Wiley & Sons
Release : 2016-02-19
ISBN : 1119084105
Language : En, Es, Fr & De

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Book Description :

Oil and gas projects have special characteristics that need a different technique in project management. The development of any country depends on the development of the energy reserve through investing in oil and gas projects through onshore and offshore exploration, drilling, and increasing facility capacities. Therefore, these projects need a sort of management match with their characteristics, and project management is the main tool to achieving a successful project. Written by a veteran project manager who has specialized in oil and gas projects for years, this book focuses on using practical tools and methods that are widely and successfully used in project management for oil and gas projects. Most engineers study all subjects, but focus on project management in housing projects, administration projects, and commercial buildings or other similar projects. However, oil and gas projects have their own requirements and characteristics in management from the owners, engineering offices, and contractors’ side. Not only useful to graduating engineers, new hires, and students, this volume is also an invaluable addition to any veteran project manager’s library as a reference or a helpful go-to guide. Also meant to be a refresher for practicing engineers, it covers all of the project management subjects from an industrial point of view specifically for petroleum projects, making it the perfect desktop manual. Not just for project managers and students, this book is helpful to any engineering discipline or staff in sharing or applying the work of a petroleum project and is a must-have for anyone working in this industry.

Handbook of Research on Applied AI for International Business and Marketing Applications

Handbook of Research on Applied AI for International Business and Marketing Applications Book
Author : Christiansen, Bryan,Škrinjari?, Tihana
Publisher : IGI Global
Release : 2020-09-25
ISBN : 1799850781
Language : En, Es, Fr & De

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Book Description :

Artificial intelligence (AI) describes machines/computers that mimic cognitive functions that humans associate with other human minds, such as learning and problem solving. As businesses have evolved to include more automation of processes, it has become more vital to understand AI and its various applications. Additionally, it is important for workers in the marketing industry to understand how to coincide with and utilize these techniques to enhance and make their work more efficient. The Handbook of Research on Applied AI for International Business and Marketing Applications is a critical scholarly publication that provides comprehensive research on artificial intelligence applications within the context of international business. Highlighting a wide range of topics such as diversification, risk management, and artificial intelligence, this book is ideal for marketers, business professionals, academicians, practitioners, researchers, and students.

Enterprise Risk Management

Enterprise Risk Management Book
Author : James Lam
Publisher : John Wiley & Sons
Release : 2014-01-06
ISBN : 1118834437
Language : En, Es, Fr & De

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Book Description :

A fully revised second edition focused on the best practices of enterprise risk management Since the first edition of Enterprise Risk Management: From Incentives to Controls was published a decade ago, much has changed in the worlds of business and finance. That's why James Lam has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, the Second Edition of Enterprise Risk Management: From Incentives to Controls clearly puts this discipline in perspective. Engaging and informative, it skillfully examines both the art as well as the science of effective enterprise risk management practices. Along the way, it addresses the key concepts, processes, and tools underlying risk management, and lays out clear strategies to manage what is often a highly complex issue. Offers in-depth insights, practical advice, and real-world case studies that explore the various aspects of ERM Based on risk management expert James Lam's thirty years of experience in this field Discusses how a company should strive for balance between risk and return Failure to properly manage risk continues to plague corporations around the world. Don't let it hurt your organization. Pick up the Second Edition of Enterprise Risk Management: From Incentives to Controls and learn how to meet the enterprise-wide risk management challenge head on, and succeed.

Nuclear Radioactive Materials Tenorm in the Oil and Gas Industry

Nuclear Radioactive Materials  Tenorm  in the Oil and Gas Industry Book
Author : Khalid Al Nabhani,Faisal Khan
Publisher : Unknown
Release : 2019-09-02
ISBN : 0128168250
Language : En, Es, Fr & De

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Book Description :

Nuclear Radioactive Materials in the Oil and Gas Industry comprehensively discusses the TENORMs generated from various types of oil and gas processes and their associated adverse human health effects, effective TENORM waste management strategies, and the quantitative risk analysis. The book thoroughly investigates current knowledge, addressing the three main gaps identified in available studies: 1) Exposure to radioactivity, 2) High volume waste as a source of radiation exposure, and 3) A lack of uniform, international safety regulations. This book offers researchers, scientists and graduate and undergraduate students a comprehensive and well-researched reference that covers fundamental concepts, problem identification and solutions development. It is an ideal, comprehensive guideline for professionals involved in the oil and gas and nuclear industries who are concerned about radiological issues. Demystifies NORM and TENORM concepts and redefines TENORM from technical and nuclear scientific perspectives Addresses statistically representative data of quantitative risk assessment and dynamic accident modeling Stresses the need for legislation and consistency of safety standards relating to radiological risks posed by TENORM on health and the environment

Risk Governance of Offshore Oil and Gas Operations

Risk Governance of Offshore Oil and Gas Operations Book
Author : Preben Hempel Lindøe,Michael Baram,Ortwin Renn
Publisher : Cambridge University Press
Release : 2014
ISBN : 1107025540
Language : En, Es, Fr & De

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Book Description :

This book evaluates and compares risk regulation and safety management for offshore oil and gas operations in the United States, United Kingdom, Norway, and Australia. It provides an interdisciplinary approach with legal, technological, and sociological perspectives on their efforts to assess and prevent major accidents and improve safety performance offshore. Presented in three parts, the volume begins with a review of the technical, legal, behavioral, and sociological factors involved in designing, implementing, and enforcing a regulatory regime for industrial safety. It then evaluates the four regulatory regimes that encompass the cultural, legal, and other contextual factors that influence their design and implementation, along with their reliance on industrial expertise and standards and the use of performance indicators. The final section presents an assessment of the resilience of the Norwegian regime and its capacity to keep pace with new technologies and emerging risks, respond to near miss incidents, encourage safety culture, incorporate vested rights of labor, and perform inspection and self-audit functions. This book is highly relevant for those in government, business, academia, and elsewhere in civil society who are involved in offshore safety issues, including regulatory authorities and industrial safety professionals.

Petroleum Economics and Risk Analysis

Petroleum Economics and Risk Analysis Book
Author : Mark Cook
Publisher : Elsevier
Release : 2021-01-29
ISBN : 0128232064
Language : En, Es, Fr & De

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Book Description :

Petroleum Economics and Risk Analysis: A Practical Guide to E&P Investment Decision-Making, Volume 69, is a practical guide to the economic evaluation, risk evaluation and decision analysis of oil and gas projects through all stages of the asset lifecycle, from exploration to late life opportunities. This book will help readers understand and make decisions with regard to petroleum investment, portfolio analysis, discounting, profitability indicators, decision tree analysis, reserves accounting, exploration and production (E&P) project evaluation, and E&P asset evaluation. Includes case studies and full color illustrations for practical application Arranged to reflect lifecycle structure, from exploration through to decommissioning Demonstrates industry-standard decision-making techniques as applied to petroleum investments in the oil and gas industry

Security Risk Assessment

Security Risk Assessment Book
Author : Genserik Reniers,Nima Khakzad,Pieter Van Gelder
Publisher : Walter de Gruyter GmbH & Co KG
Release : 2017-11-20
ISBN : 311049776X
Language : En, Es, Fr & De

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Book Description :

This book deals with the state-of-the-art of physical security knowledge and research in the chemical and process industries. Legislation differences between Europe and the USA are investigated, followed by an overview of the how, what and why of contemporary security risk assessment in this particular industrial sector. Innovative solutions such as attractiveness calculations and the use of game theory, advancing the present science of adversarial risk analysis, are discussed. The book further stands up for developing and employing dynamic security risk assessments, for instance based on Bayesian networks, and using OR methods to truly move security forward in the chemical and process industries.

Management of Weather and Climate Risk in the Energy Industry

Management of Weather and Climate Risk in the Energy Industry Book
Author : Alberto Troccoli
Publisher : Springer Science & Business Media
Release : 2009-12-21
ISBN : 9048136911
Language : En, Es, Fr & De

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Book Description :

Meteorological and climate data are indeed essential both in day-to-day energy management and for the definition of production and distribution infrastructures. For instance, the supply of electricity to users can be disturbed by extreme meteorological events such as thunderstorms with unusually strong winds, severe icing, severe cold spells, sea level elevation associated with storm surges, floods ... To be protected against such events, it is not sufficient to act after they have taken place. It is necessary to identify their potential impacts precisely and assess the probability of their occurrence. This book shows that this can only be done through an enhanced dialogue between the energy community and the climate and meteorology community. This implies an in-depth dialogue between actors to define precisely what kind of data is needed and how it should be used. Météo-France has been in long-term cooperation with the energy sector, including the fields of electricity production and distribution. Drawing on this experience, it should be noted in this respect the importance of lo- term partnership between actors as exemplified here by the message of EDF.

Offshore Risk Assessment

Offshore Risk Assessment Book
Author : Jan-Erik Vinnem
Publisher : Springer Science & Business Media
Release : 2013-03-14
ISBN : 9401724717
Language : En, Es, Fr & De

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Book Description :

Offshore Risk Assessment is the first book to deal with quantified risk assessment (QRA) as applied specifically to offshore installations and operations. Risk assessment techniques have been used for some years in the offshore oil and gas industry, and their use is set to expand increasingly as the industry moves into new areas and faces new challenges in older regions. The book starts with a thorough discussion of risk analysis methodology. Subsequent chapters are devoted to analytical approaches to escalation, escape, evacuation and rescue analysis of safety and emergency systems. Separate chapters analyze the main hazards of offshore structures: Fire, explosion, collision and falling objects. Risk mitigation and control are then discussed, followed by an outline of an alternative approach to risk modelling that focuses especially on the risk of short-duration activities. Not only does the book describe the state of the art of QRA, it also identifies weaknesses and areas that need development. Readership: Besides being a comprehensive reference for academics and students of marine/offshore risk assessment and management, the book should also be owned by professionals in the industry, contractors, suppliers, consultants and regulatory authorities.