PSM: Just another Government Regulation, or Industry Best Practice?

Process Safety Management (PSM) is addressed by OSHA in their standard for highly hazardous chemicals (29 CFR 1910.119). If the standard applies to your company, you likely already know a fair bit about the 14 elements of PSM and how they work together to manage hazards and minimize risk. However, increasingly companies are turning to PSM as a best practice, regardless of whether they are engaged in covered processes. Many companies operating in the energy, chemical and manufacturing industries face similar process safety challenges, regardless of whether OSHA’s PSM standard is applicable to them or not. This quickly becomes clear just by Googling the PSM elements:

Easy enough to look up, these PSM elements are less simple to address effectively and efficiently. Individual companies and even distinct locations will place different levels of emphasis on different elements. However, the challenge facing all companies is determining the best way to ensure … Read more...

Low Oil Prices Create Opportunity for Forward-Thinking Upstream Companies

The oil industry has seen many booms and busts in its history, and it’s common in times of low oil prices for companies to face significant pressure to cut spending.  This can lead to production slowdowns, decommissioned rigs, layoffs and other cuts with similar far-reaching consequences. It can even lead to unsafe working conditions if the HSE budget also ends up on the chopping block.

Although commodity prices may be beyond your control, periods of downturn can create opportunities for companies to invest in their future by acting strategically now. Your safety program is one of the best places to invest your time and resources during this critical juncture, and we’re here to tell you why.

Get Ahead While You Can!

Currently, companies in the upstream oil industry are facing many of the same challenges and are being limited by many of the same constraints. This may sound comforting, but … Read more...