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, 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...
Published Jun 3, 2025 | Last updated Jul 7, 2025 | Industry, Maritime, Uncategorized
Bowtie analysis in ship inspections Ship inspections are crucial in the maritime industry for risk management and reducing accidents. The objective is to ensure operational and asset integrity to prevent maritime accidents. The catastrophic events of the Erika and the...
Published Jun 3, 2025 | Last updated Jul 7, 2025 | Industry, Maritime, 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...
