Published Aug 22, 2025 | Last updated Aug 25, 2025 | Cyber security, Industry, OpenRisk
With virtually all industries having undergone some form of digitalisation, cybersecurity has become more pertinent than ever. The relevance of cybersecurity is also reflected in Google searches. The search term ‘Risk management’ remained steady over the...
Published Jul 4, 2025 | Last updated Aug 4, 2025 | Industry, OpenRisk
In the energy sector, the presence of hazardous substances such as toxic gas releases is a reality. Among these, toxic gases such as hydrogen sulfide (H₂S), ammonia (NH₃), or chlorine (Cl₂) pose invisible yet deadly risks to workers, the environment, and surrounding...
Published Jul 4, 2025 | Last updated Jul 7, 2025 | Industry, OpenRisk
This article explores the risks involved in ammonia release and shows how the bowtie method can be used to identify potential causes, strengthen barriers, and reduce the impact of an ammonia release. The industrial use of ammonia (NH₃) is widespread, including...
Published Jul 2, 2025 | Last updated Jul 7, 2025 | Industry, OpenRisk
Bowtie diagrams are a graphic tool that are shaped like a bow-tie. Bowtie’s are centered around an unwanted event (top event) with preventative barriers to the left and mitigating barriers to the right of the top event. In this way, the bowtie visualises how...
Published Jun 24, 2025 | Last updated Jul 7, 2025 | Industry, 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...
Published Jun 24, 2025 | Last updated Jul 7, 2025 | Industry, 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...
