A Review on Oil and Gas Pipeline Safety

Author(s):  
Rakesh Yarlagadda ◽  
M. Affan Badar ◽  
Boris Blyukher

The safety of oil and gas pipelines has increasingly considered day by day to their vulnerability. Pipelines play a very critical role in the transportation of oil and natural-gas. As they have become the veins of oil industries, the productive design and analysis became more important. This made them more vulnerable to terrorist attacks. Although it is impossible to design pipelines to withstand any conceivable damage due to external (terrorist attacks, seismic effects) and internal effects (design and manufacturing defects), it is possible to improve the performance of pipelines. By understanding the design criteria, it saves lots of money and more over human lives and also protects the product in pipelines, which cannot be recovered and which is more and more scares day by day. This research aims: 1) to understand the different types of pipeline damages, reasons for their occurrence and their effects on the pipelines, such as mechanical damages, material defects, cracks, manufacturing defects, 2) to understand the explosions in pipelines, internal or external explosions and seismic distress, 3) to do research and literature review in analytical and numerical methods which allow researching the influence of shock waves (explosions, seismic), 4) to develop description of experimental research of pipelines subjected to shock waves (explosions, seismic), 5) to establish an effective methodology (develop mathematical model) to study the risk management in pipeline exploitation which can be subjected to such conditions like shock waves (caused by explosions, seismic, as well as mining activities) on pipeline systems (buried, on surface, or underwater), and 6) to establish criteria for risk management. This paper includes a review of the related literature covering the first two goals.

Author(s):  
Niva Elkin-Koren ◽  
Maayan Perel

In recent years, there is a growing use of algorithmic law enforcement by online intermediaries. Algorithmic enforcement by private intermediaries is located at the interface between public law and private ordering. It often reflects risk management and commercial interests of online intermediaries, effectively converging law enforcement and adjudication powers, at the hands of a small number of mega platforms. At the same time, algorithmic governance also plays a critical role in shaping access to online content and facilitating public discourse. Yet, online intermediaries are hardly held accountable for algorithmic enforcement, even though they may reach erroneous decisions. Developing proper accountability mechanisms is hence vital to create a check on algorithmic enforcement. Accordingly, relying on lessons drawn from algorithmic copyright enforcement by online intermediaries, this chapter demonstrates the accountability deficiencies in algorithmic copyright enforcement; maps the barriers for algorithmic accountability and discusses various strategies for enhancing accountability in algorithmic governance.


2021 ◽  
Vol 124 ◽  
pp. 04001
Author(s):  
Fong-Woon Lai ◽  
Muhammad Kashif Shad ◽  
Syed Quaid Ali Shah

Recently, there have been many reports of catastrophic accidents in the oil and gas (O&G) industry which led to huge financial losses and hazards to humans and the environment. Apart from the primary operational (technical) risks, there exist numerous non-technical risk factors such as workforce protection, climate change, ecosystem, biodiversity, health and safety, governing compliance, and other environmental, and social issues. These risks if left without intervention could affect the green growth and eco-friendly resilience of the O&G companies. Thus, this work offers a conceptual framework on how corporate sustainability practices along with risk management implementation are stimulating green growth in the O&G industry. The presented theoretical and conceptual framework underpinned by the stakeholder theory proposed in this paper provides a foundation for empirical validation of the intertwined relationship between the pertinent variables. The measurement of the variables such as corporate sustainability performance, enterprise risk management and green growth is proposed to be drawn from earlier research and developed frameworks and guidelines by prominent organizations. The significance of this paper is to lend guidance to Malaysian oil and gas players to embrace green growth through sustainability and risk management implementation.


Author(s):  
Viacheslav Olegovich Mosalygin ◽  

For more than 15 years, a significant part of the budget revenues of the Russian Federation have been tax revenues from the sale of hydrocarbons, in particular oil and natural gas. Despite the desire of our government to minimize its dependence on oil and gas revenues, the government continues to implement measures to encourage both small and large companies by providing some tax-related benefits, thereby encouraging the fields to further develop and expand.


Author(s):  
Sergey Smirnov

The article discusses a modern approach to risk management of the central counterparty,primarily the issue of the sufficiency of its financial resources, including the provision of clearingmembers, the capital of the central counterparty and the mutual liability fund. The main subject is the margining system, responsible for an adequate level of collateral for clearing members, that plays critical role in risk management, being the vanguard in protecting against losses associated with default by clearing members and the most sensitive to market risk part of the central counterparty’s skin of the game. A system of margining a portfolio of options and futures in the derivatives market is described, with default management based on the methodology proposed by a number of inventors, registered in 2004. For this system, a mathematical model of margining (i.e. determining the required level of the collateral) is built, based on the ideology of a guaranteed deterministic approach to superhedging: Bellman–Isaacs equations are derived from the economic meaning of the problem. A form of these equations, convenient for calculations, is obtained. Lipschitz constants for the solutions of Bellman–Isaacs equations are estimated. A computational framework for efficient numerical solution of these equations is created. Numerical experiments are carried out on some model examples to demonstrate the efficiency of the system. These experiments also show practical implications of marginsubadditivity — a crucial property of the mathematical model.


2020 ◽  
Vol 20 (2020) ◽  
pp. 499-500
Author(s):  
Thaís Figueiredo Dana ◽  
Fernando Potsch ◽  
Andre Scudiere Gravina De Sa ◽  
Roberto Dana ◽  
Thiago Figueiredo Dana

2018 ◽  
pp. 951-963 ◽  
Author(s):  
Samer Alhawari ◽  
Mufleh Amin AL Jarrah ◽  
Wa'el Hadi

With the significant advances in Information and Communications Technology (ICT) over the last half a century, the Cloud computing paradigm is one of the most discussed topics in the field of ICT today. Additionally, Cloud computing has a critical role in today's business world. Without risk management processes embedded into innovative technology that supports Cloud computing, businesses are setting themselves up for a fall. Hence, in this paper, the authors propose a conceptual model of implementing risk management processes into a Cloud computing environment. It highlights the different processes of risk management (risk identification, risk analysis, risk planning, risk execution, and risk monitoring) and how their existence can affect the Cloud environment to ensure proper protection of data and information in order to ensure Cloud networks and connections are secure.


Author(s):  
Kailan Shang

Project risk management requires subject matter expertise to identify and assess relevant and sometimes unique risks. Insufficient experience data and fast evolvement of emerging risks in the field of project risk management make qualitative analysis more prevalent in project risk assessment. Therefore, expert knowledge and experience play a critical role in project risk management. On the other hand, the resulting subjectivity often leads to inconsistent risk assessment. Undesired consequences include cost underestimation, risk underestimation and resource misallocation. This chapter discusses the causes and adverse impact of subjectivity in project risk management and methods to improve objectivity. It covers common human biases in project risk management and introduces measures to improve objectivity in project risk management using expert diversification, risk culture, process mining, fuzzy logic models, and back testing.


2020 ◽  
Vol 12 (21) ◽  
pp. 9096
Author(s):  
Thomas Beery

COVID-19 has impacted education on all levels, with many institutions turning to online formats to deal with the global public health crisis. This study aims to carefully consider participatory risk management, given concerns about the specific impact of COVID-19 upon environmental and outdoor education. An environmental and outdoor education expedition-style university-based field course at the Laponia World Heritage Site provided the context for considering environmental and outdoor education’s response to COVID-19. Whether or how risk could be effectively managed in the unique setting during the COVID-19 pandemic was explored using action research methodology. A combination of systematic instructor observation, student–instructor communication, and surveys to student participants provided the data to consider the research question. Outcomes underscore the critical role of participatory risk management in environmental and outdoor education settings and highlight the concept of interdependence in environmental and outdoor education risk management. In addition, the research provides support for the action research idea of practitioners as researchers.


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