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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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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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Events, News

RiskPoynt at 6th Annual EMEA Summit Operational Excellence in Oil & Gas

July 15, 2016

Come join us at the Operational Excellence Summit in London where RiskPoynt will be hosting a panel discussion:  Reducing operational risk and maintaining asset integrity in a low $/ barrel environment. This highly anticipated panel discussion will provide insight into how two of EMEA’s largest production companies are reducing operational risk with the management of...

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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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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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