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RiskPoynt in 2017

Tim PermanDecember 18, 2017

TPSCO’s Operational Risk Management Application, RiskPoynt, has been recognized by several major oil and gas companies as “best of breed” software for the management of operational risk. In 2017, Shell, OMV, Tullow, Bumi Armada and Chrysaor have all expanded their use of RiskPoynt. The RiskPoynt team is excited about the growth and imminent release of...

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Case Studies

Potential Risks from Outdated Technology

Scot RudolphDecember 18, 2017

Originally posted on GEO ExPro Magazine Anyone who has been in the oil and gas sector for the last 20 years or so has seen vast improvements in the use of technology to advance operational efficiency and reliability. The improvements in assessing operational readiness of equipment and systems are one of the great stories of the 21st century. So why...

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Bumi Armada Deploys RiskPoynt as Operational Risk Management and Asset Integrity Solution for FPSOs Globally

Tim PermanDecember 12, 2017

DENVER – (December 12, 2017) – Malaysia-based international offshore energy facilities and services provider Bumi Armada Berhad has selected RiskPoynt Barrier Model as their operational risk management and asset integrity solution. Bumi Armada is working with MDI Enterprises to launch cloud-deployed RiskPoynt at FPSOs in the North Sea and across Asia and Africa. Bumi Armada tapped RiskPoynt...

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RiskPoynt to Provide Operational Risk Management Software Solution for UK Oil and Gas Company, Chrysaor

Tim PermanNovember 6, 2017

DENVER – (November 6, 2017) – The oil and gas company Chrysaor has selected RiskPoynt Barrier Model as their operational risk management solution. Chrysaor tapped RiskPoynt in 2017 after searching for a software tool to improve their process for managing upstream operational risks. Chrysaor, which will become one of the largest producers of oil and...

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A message to O&G operations recovering after Hurricane Harvey: Are you safe to resume operations?

September 7, 2017

We have watched with fear and sorrow since Hurricane Harvey hit the Texas Gulf Coast last week, leaving extensive suffering, loss and destruction in its path. Like so many in the community, we are looking for ways to help our neighbors who have been affected by Hurricane Harvey.  The impacts on communities and critical infrastructure, including...

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RiskPoynt Selected to Provide Operational Risk Management Software Solution for European-Based Oil and Gas Company, OMV

August 2, 2017

The global oil and gas company OMV/OMV Petrom has selected RiskPoynt Barrier Model as their operational risk management solution. In 2016, OMV was looking for a software package to improve the way they managed upstream operational risks. The specific requirements were for a single Operational Risk Management Application which offered the following functionality: Manages operational...

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Technology integrator software improves process safety management

July 17, 2017

Scot Rudolph, director of business development at RiskPoynt, writes in Offshore Magazine on how offshore oil and gas managers face major concerns with risk management in the current low oil price environment where both money and people are in short supply.  Fortunately, while the tides of fortune have ebbed in the oil and gas industry, advancements in integrated technology have flowed...

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Case Studies

Letter from a North Sea Offshore Installation Manager to the RiskPoynt CEO

June 30, 2017

Tim, As one of the early users and converts to RiskPoynt, I wanted to share with you a slide that I put together when I speak to my colleagues regarding my own personal experience with your product and just how effective it was in identifying a potentially dangerous situation that I encountered several years ago...

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The Cost of Failure in the Oil and Gas Industry: How much is too much?

May 31, 2017

Originally posted on ARC Advisory Group It is times like these that identifying operational risk is more important than ever for the oil and gas industry. According to the EIA, safety incidents go up in the years following a downturn. As the figure below illustrates, after oil prices dropped from 2000 to 2002, a 6...

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Events, News

OPEX Houston Recap

November 15, 2016

RiskPoynt and 200 of our friends held a two-day Operational Excellence in Oil & Gas “party” last week in Houston. We realize in this low $/barrel era that many travel budgets are getting cut so in case you missed OPEX, I’ll recap some of the highlights. The theme this year, “Driving out cost, risk and...

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