Enhancing Employee Compliance with Personal Protective Equipment

It’s no secret that the oil and gas industry can be a dangerous place to work: the occupational fatality rate for oil and gas extraction workers is more than seven times greater than the rate for all U.S. workers.[1] In fact, in 2008, the most recent year for which data are available, 120 people were killed while performing oil and gas extraction and non-fatal incidents occurred more frequently. [Read more…]

IECEx Scheme: A Key Development in Oil and Gas Equipment

The rapid globalization of the oil and gas industry and other hazardous industries has made the safety and reliability of equipment increasingly important for manufacturers and end users. Since product requirements and standards differ across the world, global compliance can be cumbersome and costly for manufacturers.
A key development in this industry continues to be the IECEx Scheme, the International Electrotechnical Commission (IEC) system for global certification to standards for electrical equipment in hazardous locations. [Read more…]

The Application of Quantitative Risk Analysis Techniques in the Oil and Gas Industry

Investment projects in the oil and gas industry involve great technical challenges, considerable risks and massive financial resources. Given the inherent obstacles required to make any project successful, this industry has served as a proving ground for cutting edge project valuation methodologies and tools, such as quantitative risk analysis. As oil and gas organizations attempt to maximize the value of each project and optimize their portfolio of investment opportunities, it is imperative that all risks are properly identified and quantified, to maximize value and increase the effectiveness of mitigation strategies.
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Security and the Emerging Digital Oil Patch

The global energy infrastructure is changing.  Offshore drilling rigs, shale platforms and refineries are becoming more and more “digitized” as old fashioned analog systems – such as simple pressure gauges and flow meters – are replaced with new, digital sensors and high-speed communications networks to move real-time data back to headquarters. However, with these advances in technology, new data and system security issues are surfacing for the digital oil patch.
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