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Canadian flag hoisted high in on the hills energy.
The Canadian energy sector is predicted to face extinction unless certain mergers and acquisition takes place. There is some opportunity for the same north of the Canadian border. The choice is now to merge and innovate or to face extinction. The mix of potential M&A candidates varies, with natural consolidators among the oil-weighted producers “self-explanatory,” including the likes of Canadian Natural Resources Ltd., Whitecap Resources Inc., and Torc Oil &...
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Oil rig in the North Sea.
A worker died on the North Sea Platform of Repsol Sinopec’s Tartan Alpha platform. The incident is believed to be non-work related and the cause of death is being termed as natural. The police have informed the family. All production from the platform has been stopped. Source: Oil Industry News  
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Oil leak drops on a plane surface.
An oil leak and a subsequent fire killed at least 4 people in Balikpapan, an Indonesian oil town in the East Kalimantan province. A state of emergency was declared post the leak. The oil leak has stretched over 7 square miles and has contaminated the sea and the air. The port city, which has a population of 700,000 is struggling with toxic smoke. Source: The Guardian
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Front view of an oil rig for risk
Risk criteria are defined by ISO as ‘terms of reference against which the significance of a risk is evaluated’. A common approach is to divide the risk spectrum into three broad regions, where the highest risk is termed as unacceptable; lowest as acceptable and the middle region is known as ALARP (as low as reasonably practicable). The specific types of risk criteria include risk matrix, societal, individual, cost-benefit and qualitative...
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