Topic: Risk Management

Pipelines, along with other aspects of the oil and gas business, have become controversial. While controversy can arise from many different agendas – some as far-reaching as ending reliance on hydrocarbons as a fuel source – many controversies are based purely on safety concerns.

Risk Profiling

Pipeline Risk Assessment—Risk Profiling In earlier installments of this column, we introduced the concept of pipeline risk assessment Essential Elements (EE’s).  That guideline is a list of ingredients that must be included in any pipeline risk assessment before that assessment can be considered complete.  Following these guidelines helps to ensure a technically sound risk assessment […]

Where is the Risk Control Strategy?

In an earlier article, we noted that risk management is, in effect, often unintentionally delegated to decision-makers occupying the lower portions of the corporate org chart.  In many companies, the field personnel are essentially setting corporate risk levels via their choices in day-to-day activities and their perceptions of priorities. While we noted some advantages of […]

Formal Risk Assessment—Is it helping me?

Ever consider that true risk management sometimes occurs only at the lower levels of some pipeline organizations?  That is, personnel performing field activities are in effect setting risk levels for the company.  Their choices of day-to-day activities are essentially driving risk management and thereby establishing corporate risk levels.  This is not just theoretical—real choices are […]

Risk Management Resources

Articles <!– Where is the Risk Control Strategy? –> Is formal risk assessment helping me? Pipeline risk assessment as a tool for resolving conflict Pipeline risk assessment: risk profiling Full understanding of pipeline risk generates numerous opportunities to reduce that risk. So previous chapters have already identified risk mitigation opportunities. Reducing exposure, increasing mitigation or […]