A Method for Guided Hazard Identification and Risk Mitigation for Offshore Operations ,

Author(s):  
Christoph Läsche ◽  
Eckard Böde ◽  
Thomas Peikenkamp
2018 ◽  
Author(s):  
Rachel Schattman ◽  
Vern Grubinger ◽  
Lisa McKaeg ◽  
Katie Nelson

Produce safety and climate change are two overlapping risks that face vegetable producers in the northeastern United States. Because of recent public health outbreaks (and subsequent litigation) traced back to fresh produce, food safety hazard identification and risk mitigation has become the focus of significant regulatory changes in the United States (FDA 2015)


2017 ◽  
Vol 14 (1) ◽  
pp. 1-6 ◽  
Author(s):  
Kahoul Hafida ◽  
Chaib Rachid ◽  
Bellaouar Ahmed

Purpose Because of non-satisfactory results obtained at the iron rods steel mill, during the last period of work and to collect relevant data to facilitate rapid and efficient decision-making, the purpose of this study is to describe a global analysis method of risks encountered by companies resulting from their own effects or by their environment to integrate prevention as soon as the conception of work place. From this point of view, it seems that it is time for companies that did learn to master direct costs to learn how to control indirect costs, which means controlling the risks and learning to face them once they are detected. Design/methodology/approach The method of work used is hazard identification and risk assessment (HIRA), which is based on Kinney evaluation. The HIRA allowed the authors to collect and analyze different dangers and risks at work posts and consider different corrective measures to prevent damages. The HIRA techniques are based on identifying the different hazardous situations and the risk related to each working station; the risks are identified and are classified and mitigated accordingly. Using unique criteria, the objective of the risk assessment part is to assign to each risk a numerical value. The criteria used for classifying and ordering the risk importance depend greatly on the selected method. Findings Risks are identified, classified and mitigated accordingly using Kinney method criteria depending on three factors: frequency of exposure (NE), probability of occurrence (NP) and severity level (NG). The level of risk mitigation (NM) is obtained as the product of the three factors (NP, NG and NE). Using the Pareto plot (20-80 per cent), the authors highlighted the priorities to be taken in the order of importance of the most important causes to take targeted measures. Originality/value This work is an opportunity for the steel mill complex to start a global approach in prevention of risks and improve working conditions. This can be reached by taking into consideration the technical, organizational and human solutions; It would not be a better method to search for ways and means to reach better prevention of industrial and technological risks, but it will preserve health of workers and get to a global higher level of security. Also, the steel mill complex can be engaged in a continuous improvement process. Therefore, management of risks will be a relevant way to decrease undesirable effects due to the diverse activities of the company.


2021 ◽  
Author(s):  
Angela Gorman ◽  
Sandip Patil ◽  
Kyriacos Agapiou

Abstract Lost circulation (LC), commonly encountered in drilling and cementing operations, can be a costly problem that increases non-productive time, especially in highly permeable formations. When LC occurs during cementing, zonal isolation can be compromised. Risks associated with LC affect most applications, including offshore operations. This paper presents the evaluation of a new tailored spacer system (TSS) designed to effectively mitigate LC and its use in deepwater cementing operations to meet zonal isolation objectives.


2017 ◽  
Vol 4 (1) ◽  
pp. 62-66
Author(s):  
Luyen Ha Nam

From long, long time ago until nowadays information still takes a serious position for all aspect of life, fromindividual to organization. In ABC company information is somewhat very sensitive, very important. But how wekeep our information safe, well we have many ways to do that: in hard drive, removable disc etc. with otherorganizations they even have data centre to save their information. The objective of information security is to keep information safe from unwanted access. We applied Risk Mitigation Action framework on our data management system and after several months we have a result far better than before we use it: information more secure, quickly detect incidents, improve internal and external collaboration etc.


2020 ◽  
Vol 8 (2) ◽  
pp. 9
Author(s):  
Mohamad Zabidi Bin Ahmad ◽  
Rosylin Mohd. Yusof ◽  
Ahmad Rizal Mazlan

Purpose: The objective of this research is to highlight issues and review the Interbank Commodity Murabahah (CM) practice as a tool of liquidity requirement from both the Shariah and industry’s operational perspectives. Accordingly, this study seeks to analyze structure and mechanism of CM as instrument to meet the liquidity need of the Islamic financial institutions and provides an opportunity for investments. In doing so, the paper seeks to review issues related to Shariah and operations in Islamic banking. Design/methodology/approach: By conducting interview with Treasurers, Shariah Scholars and funding dealers of Islamic banks in Malaysia, the study evaluates reassessment on CM practices and operational issues in relation risk and compliance. The study focuses on Islamic Treasury Division of Islamic banks in Malaysia. Findings: The findings of the study suggest that the two most significant issues in Islamic liquidity management of Islamic banks in Malaysia are i) resembling interest ii) nature of tradability iii) structure of CM iv) the timing the transaction to be completed and v) the real brokerage cost involved in adopting the CM transactions. Research limitations/implications: The research proposes a risk mitigation and enhanced Shariah compliance framework such as strait through processing (STP) and commodity broker’s standard guideline for Islamic banks to adopt CM practices. Practical implications: This study provides direction and guidance to the Islamic Commercial Banks, Commodity Brokers and regulator (BNM) involved in the banking system to reflect upon the importance to understand the issues and limitation of CM. By highlighting the importance of efficiency in terms of time and cost saving together with Shariah issues, Islamic banks can design policies to enhance efficiency in order to either decide to maintain the adoption of CMP or to consider the proposed alternative. Social implications:Understanding the Shariah compliance and operational issues will enhance the integrity of Islamic banks which is consistent with Key Economic Growth Area of making Malaysia as International Islamic Financial Hub 2.0.


1973 ◽  
Vol 11 (3) ◽  
pp. 480
Author(s):  
J. M. Killey

As onshore oil and gas deposits are becoming more difficult to locate, and as the world demands for energy continue to increase at an alarming rate, oil companies are channeling much of their exploration activities towards offshore operations, and in particular, towards operations centered off Canada's coast lines. Because of the environment, offshore drilling presents problems which are novel to the onshore-geared oil industry. J. M. Killey discusses in detail many of the considerations involved in drafting the offshore drilling contract, concentrating on problems such as the liability of the various parties; costs; scheduling; pollution; conflict of laws; etc. Similarly, he discusses service contracts (such as supply boat charters; towing services; helicopter services; etc.^ which are necessity to the operation of an offshore drilling rig. To complement his paper, the author has included number of appendices which list the various considerations lawyer must keep in mind when drafting contracts for offshore operations.


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