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On risk management, dumbing-up and the cost of risk of a Macondo

2013-11-02 11:36:08| Oil IT Journal - www.oilit.com

Back from the 2013 New Orleans conference of the Society of Petroleum Engineers, editor Neil McNaughton debates Reidar Bratvolds demolition job on industry best practice, the risk matrix. Inspired by ENIs attempt to put a cents per barrel on the cost of risk, he does his own analysis, using collateral from the Times-Picayune, with a surprising result.

Tags: of management cost risk

 

U.K. Fracking Review Sees Low Risk to Health From Shale Drilling

2013-10-31 09:44:00| Climate Ark Climate Change & Global Warming Newsfeed

Bloomberg: Risks to the public from shale-gas drilling are expected to be low as long as operations are well-regulated, a U.K. government-backed body said in a draft report. Public Health England anticipates a low risk to public health from direct releases of chemicals and radioactive material if shale gas extraction is properly operated and regulated, it said, seeking comments for the final report. Prime Minister David Camerons government has proposed the worlds most generous tax system to encourage...

Tags: health review low risk

 
 

Shale gas fracking a low risk to public health, review finds

2013-10-31 08:03:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: The risks to public health from emissions caused by fracking for shale oil and gas are low as long as operations are properly run and regulated, the British government's health agency said on Thursday. Public Health England (PHE) said in a review that any health impacts were likely to be minimal from hydraulic fracturing, or fracking, which involves the pumping of water and chemicals into dense shale formations deep underground. Environmental campaigners have staged large anti-fracking protests...

Tags: public health review low

 

Microsoft to Windows XP users: your operating system is a major security risk

2013-10-30 20:47:22| InfoWorld: Top News

Microsoft isn't kidding when it says that people need to ditch Windows XP and has released alarming security numbers to prove its point. XP systems are indeed markedly more likely to fall prey to malware than later versions of Windows.

Tags: system users major security

 

Climate change puts a third of global economy at risk

2013-10-30 04:39:00| Climate Ark Climate Change & Global Warming Newsfeed

CNBC: Around one-third of the world's economy by 2025 will be based in countries at "high" or "extreme" risk from the economic impact of climate change, according to risk consultancy Maplecroft. Thirty-one percent or $44 trillion of output will be based in countries classified as most at risk from climate change in Maplecroft's Climate Change Vulnerability Index, which considered a nation's exposure to extreme weather events over the next 30 years alongside its capacity to cope with the impact. "Future...

Tags: change global risk economy

 

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