OpenRisk Archives - Presight Solutions AS

Managing Loss of Stability Risks with the Bowtie Approach in the Oil and Gas Industry

Published Jun 24, 2025 | Last updated Jun 24, 2025 | News, OpenRisk, Uncategorized

As the oil and gas industry advances with complex operations and technologies, managing the inherent risks associated with loss of stability has become a critical priority. Loss of stability events, such as structural failures, and equipment collapse can lead to...

Loss of well control in the oil and gas industry

Published Jun 24, 2025 | Last updated Jun 24, 2025 | News, OpenRisk, Uncategorized

Loss of Well Control (LoWC) is one of the most severe incidents in the oil and gas industry. It refers to situations where the pressure in a well can no longer be managed safely, potentially resulting in blowouts, fires, environmental damage, and loss of life. Causes...

AI and Risk in High-Risk Industries: A Cross-Sector Conversation at ESREL SRA-E 2025

Published Jun 12, 2025 | Last updated Jun 24, 2025 | News, OpenRisk

What is the relationship between Artificial Intelligence and risk in high-risk industries like oil and gas? This June at the ESREL and SRA-E 2025 conference hosted by the University of Stavanger, Presight Solutions is proud to lead a panel discussion that unites...

Cave-ins and Rock falls in mining industry

Published Jun 9, 2025 | Last updated Jun 6, 2025 | Mining, News, OpenRisk

The 2010 Chilean Mining Accident In 2010, 33 workers spent 69 days trapped inside the San Jose gold and copper mine after it collapsed on August 5th. The “Chilean mining accident” (2010 Copiapó mining accident) involved a rock fall that triggered a cave-in....

Enhancing Safety in Mining: The Role of Technology and Preventive Measures

Published Jun 9, 2025 | Last updated Jun 11, 2025 | Mining, News, OpenRisk, Uncategorized

Mining, while essential to the global economy, remains one of the most hazardous industries. Mechanical failures—along with factors like explosions and fires—are a leading cause of mining accidents. This highlights the need for strong safety measures and advanced...

Bowtie Analysis in ship inspections for risk management on structural failures accidents

Published Jun 3, 2025 | Last updated Jun 11, 2025 | Maritime, News, OpenRisk

Ship inspections are crucial for the maritime industry to reduce accidents such as structural failures. A bowtie analysis can visualise omissions in inspection that lead to undesired events. Structural failures account for 15% of inspection-related accidents in...