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Control System Conversion Risks
Let’s discuss the risks associated with converting a pneumatic instrument and controls system to a digital control system. Give advice for managing these risks. Converting a pneumatic instrument and controls system to a digital control system can offer numerous benefits, including increased accuracy, flexibility, and integration with other digital systems. However, it also comes with… Read more
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Construction Risks on Large Energy Projects
Let’s discuss construction risks for a large ($500M) project to build a petrochemical or power plant. Constructing a large-scale project like a petrochemical or power plant involves various risks that need to be carefully managed. Here are some common construction risks associated with such projects: It’s important to note that each project is unique, and… Read more
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Insights into Marketing Large Technical Risks: From Underwriting to Policy Issuance
When discussing risks represented by brokers in the marketing process, we’re referring to situations where insurance brokers act as intermediaries between the insured and the insurer. Brokers play a vital role in assessing and managing risks on behalf of their clients. Let’s explore how brokers are involved in the marketing process for large technical risks:… Read more
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Circ Water Systems – What could go wrong?
Let’s discuss circulating water systems in power plants with steam turbines such as combined cycle power plants. Start with a complete description then discuss the mechanical, electrical and other risks associated with these systems. Circulating water systems play a crucial role in power plants with steam turbines, including combined cycle power plants. These systems are… Read more
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AI assisted Refinery Fire Brigade Training Basics
Let’s discuss a fire brigade training program for a refinery advanced exterior fire brigade. Developing a comprehensive fire brigade training program for a refinery’s advanced exterior fire brigade is crucial for ensuring the safety and effectiveness of the team in responding to potential emergencies. Here are some key elements that could be included in such… Read more