Risk management
Expected to be commissioned in 2027, the new pipeline will double the UAE's current capacity of 1.8 million B/D of crude that can be transported beyond the contested waterway.
The UAE will prioritize national interests and production flexibility, setting up implications for OPEC’s market power, oil, prices, and global supply dynamics.
The paper describes the revalidation of a deepwater prospect that resulted in a no-drill decision.
-
Risk-taking behavior is an important contributing human factor to incidents and is notoriously difficult to influence. This study examined how safety measures and uncertainty affected the risk-taking behavior of participants. -
Industry regulators in Oklahoma have rolled out broad new restrictions on more than 600 disposal wells as part of the largest action of its kind taken in response to earthquakes.
-
Decision making in uncertain environments is key to the successful delivery of oil and gas projects. By definition, however, uncertainty is ambiguous and unpredictable.
-
Speakers at the recent SPE Asia Pacific Unconventional Resources Conference and Exhibition addressed the role of uncertainty and risk in sanctioning megaprojects.
-
Whether using internal expertise or outside consultants, projects and initiatives can go awry due to cultural issues and bad management advice. This can have implications for many aspects of a business, including process safety.
-
Analyzing accidents can demonstrate how much they have in common with everyday operations. Business principles and sound engineering practices can be at odds.
-
Change is constant in the oil and gas industry, bringing an increase in operational risk. As companies acquire and develop assets around the world, they must reduce their risk exposure by improving operational integrity.
-
The authors present a method to reduce uncertainty in EOR performance adaptively while identifying an optimal operational strategy for a given tolerance to risk.
-
A subject field perhaps little known in the oil and gas industry is action science, a strategy for increasing the skills and confidence of individuals in groups to create organizations and to foster long-term individual and group effectiveness.
-
Nontechnical risks, primarily around HSE or social responsibility, increasingly pose risks to project timelines. To manage these risks, companies are seeking systems that can ensure quality performance in these operational areas.
