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...
Published Jun 9, 2025 | Last updated Jul 7, 2025 | Industry, Mining, 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....
Published Jun 9, 2025 | Last updated Jul 7, 2025 | Industry, Mining, 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...
