Risk Management In The Oil And Gas Industry

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

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.

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

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 manag

The accelerated growth of the world population creates an increase of energy needs. This requires new paths for oil supply to its users, which can be potential hazardous sources for individuals and the environment. Risk Analysis for Prevention of Hazardous Situations in Petroleum and Natural Gas Engineering explains the potential hazards of petroleum engineering activities, emphasizing risk assessments in drilling, completion, and production, and the gathering, transportation, and storage of hydrocarbons. Designed to aid in decision-making processes for environmental protection, this book is a useful guide for engineers, technicians, and other professionals in the petroleum industry interested in risk analysis for preventing hazardous situations.

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

This book addresses the international legal dimension of the management of the risk of accidents associated with offshore oil and gas activities. It focuses on the prevention and minimization of harm as well as the post-accident management of loss through liability and compensation arrangements and the processing of mass claims for compensation. Government officials of countries with offshore industries, international civil servants and academics in related fields will find the book a valuable resource.

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.