Petroleum Review August 2018

This month’s issue presents the highlights from Dr Dame Angela Strank’s Cadman Lecture, the first woman to be presented with the Energy Institute’s prestigious Cadman Award for her outstanding and significant service to the global oil industry.

We also look at prospects in the North Sea and what lies ahead in the basin’s next phase of opportunity, rationalisation and decommissioning. Generally, there is a mood of cautious optimism about the UKCS and NCS.

Meanwhile, these are uncertain times for Europe’s bulk storage and terminals sector. Economic performance, though improving, 
remains sluggish and the current global oil market is unfavourable. That said, many in the industry remain positive, with the Port of Rotterdam leading the way with new projects looking to increase storage capacity and improve efficiency in hinterland logistics.

There is a clear ethical and business case for investing in an effective process safety management (PSM) system at bulk storage facilities. We explain that, to be successful and sustainable, the system requires the commitment of the entire workforce – starting at the top.

We also present the key changes in the updated edition of the Energy Institute’s Understanding your HSE culture publication, part of the ‘Hearts and Minds’ toolkit, which has an increased focus on process safety.

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