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Articles by Michael Mostert

News

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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News

Changes to Insurance – UK 3rd May 2016

Michael MostertMay 11, 2016

Recent announcements in the press have indicated that the terms of the insurance policies, governed by an Act over 100 years old, are about to change. The impact this change will have on E&P companies is obvious when reviewing the new law. It states that what an insurance buyer knows about risks to the business...

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Events, News

RiskPoynt at OTC Houston 2nd to 5th May 2016

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Michael MostertMay 11, 2016

In Houston last week, our team found the common message from industry was do more with less by increasing efficiencies while ensuring safe operations. Focus was also on standardization across suppliers and encouragement of E&P companies to collaborate and share resources in a downturned market. We were fortunate to be on the ground for the...

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News

Introducing a New Way to Manage Operational Risk

Michael MostertApril 7, 2016

TPSCO has created a cloud deployed asset integrity visualization model, complete with integrated risk register called RiskPoynt. RiskPoynt uses a barrier model display technique to convey the risk profile of a given site. This concept has been around since the early 90s, and creates a clear representation of how performance standards are preventing a major...

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