The Impact of Styles of Thinking and Cognitive Bias on How People Assess Risk and Make Real-World Decisions in Oil and Gas Operations
Awareness of the psychological realities of different styles of thinking can provide deep understanding of the choices people make and the actions they take when they are faced with assessing risk and making decisions in real time under operational conditions. At a time when the industry is striving to achieve more with fewer staff and resources, there is a compelling need to understand better how these psychological processes actually influence real-world operations, and to develop practical approaches to mitigating the associated risks.
While there have been previous attempts to apply this area of knowledge to the analysis of real-world incidents and to develop operational interventions, such attempts have been limited to date, and have lacked the necessary research evidence. Written from a psychological perspective, the purpose of this paper is to illustrate how such knowledge can be operationalized and used to gain deeper understanding of the nature of human error in real-world oil and gas operations.
Financing FLNG Facilities—What Lies Ahead?
Although the FLNG concept has been around for decades, only three units are in the water and operational or under commissioning as of 2018. As the mitigation of technological risks is demonstrated, commercial risks become the focal point and the challenge to financing the capital-intensive projects.
BSEE Safety Alert: Improper Compressor Purging Leads To Explosions
Two Gulf of Mexico incidents occurred that were related to compressors not being purged properly prior to startup. BSEE issued a Safety Alert outlining the circumstances and made recommendations for prevention.
SwRI Develops Autonomous Leak Detection System for Chemical Spills
Southwest Research Institute has developed a leak detection system to autonomously monitor pipelines for hazardous chemical spills. R&D Magazine recently recognized the system as one of the 100 most significant innovations of 2017.
Don't miss out on the latest technology delivered to your email every two weeks. Sign up for the OGF newsletter. If you are not logged in, you will receive a confirmation email that you will need to click on to confirm you want to receive the newsletter.
01 August 2018