This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Petrotechnics Delivers Insight On How Organisations Can Better Manage Operational Risk At The 9th Annual HSE Forum In Doha, Qatar September 30th - October 2nd 2013

ABERDEEN, Scotland, September 23, 2013 /PRNewswire/ --

Petrotechnics, the global leader in transforming frontline operational performance and lowering operational risk will present on how organisations can improve how Operational Risk is managed at the Fleming Gulf 9 th Annual HSE Forum in Doha, Qatar on September 30 th.

Petrotechnics Executive Vice President, Iain Mackay will pose challenging questions around the potential for organisations to improve Production Efficiency and Lower Operational Risk at the same time. Iain will explore how linking people, process and plant can provide a common view of risk across the organisation. Mackay will examine the need for a holistic understanding of operational risk based on linking asset integrity risk (barrier impairments) with the current workload risk.  With a more joined up view of current operational risk, organizations can proactively manage a more optimized and less risky performance.

Traditionally, frontline operational risk is managed in silos with Process Safety Management focused personnel or engineering functions managing asset integrity risk and operations managing the risk associated with the intervention work occurring on the plant.  Additionally, organizations often struggle to consistently and reliably capture the most appropriate data required to provide them with accurate risk profiles of the status of the plant and the cumulative risk of all of the work scheduled to take place during a defined period of time.

MacKay said, " Without an understanding of how the cumulative workload in a given area of the plant is directly impacting the barrier status, how do we know if  our current understanding of  our barriers is correct?  Are we simply managing  one  part of the Operational Risk Equation? Or are we managing two critical parts separately? By chang ing  approach we can make things easier and  drive  sustainable improvement across our frontline operations. "

By using a technology based intelligent, holistic integration of these disciplines, organizations can be empowered to optimize how they consistently manage workload against operational risk according to their policies.  With a common view of operational risk in space, time and an understanding of what is driving risk, technology can help organizations make better decisions; and move strongly towards operational excellence, improving the overall plant health, integrity, safety and efficiency in order to get more work completed safely.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs