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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Essential Health and Safety Considerations For Oil and Natural Gas Hydrofracking Operators

The tight shale oil and natural gas boom, fueled by innovative drilling and extractive technologies, has gone a long way in helping to develop U.S. energy independence. One of these technologies — hydrofracking — has drawn intense public and regulatory scrutiny on its perceived environmental impacts. Unfortunately, expanded site development and the pressure to bring resources to market has also increased concerns about health and safety risks to workers during well drilling and development.
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Guarding Company Secrets From Departing Employees

A longtime senior-level employee is hired away by an ambitious rival. Days before announcing his resignation and jumping ship, the worker navigates through your company’s jam-packed server, filling a small (but voluminous) USB thumb drive with details about your company’s expansion plans, vendor relationships and detailed engineering analysis of your next planned moves. The worker arrives at his new job armed with a competitive edge that allows his new employer to move swiftly and directly into your hard-earned space in the market.
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Safety and Environmental Responsibility in Oil & Gas Pipeline Operations Step-by-Step Solutions to Manage Risk

With 2.5 million miles of pipeline infrastructure across the United States, safety and environmental responsibility are vital to oil and gas operations. Although pipeline safety has drastically improved over the past 20 years, government data shows that U.S. pipeline accidents were responsible for 56 deaths, $1.2 billion in property damage and 381,000 barrels of spilled oil between 2006 and 2009 (Source). Fortunately, many pipeline owners are contributing to the safe and successful operation of America’s pipelines by taking a few key steps to manage risk.
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