Oil and Gas Risk Assessment and Management

Emerging Research and Opportunities

Vojo Bubevski

$475.95 $381.14

Hardback

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English

IGI Global
29 April 2025

Finance; Management & management techniques; Energy industries & utilities

Effective risk assessment and management in the oil and gas industry is vital for ensuring operational safety, environmental protection, and economic stability. As the industry faces increasing challenges from geopolitical uncertainties, fluctuating markets, and environmental regulations, implementing robust risk management practices helps mitigate potential disasters and financial losses. By leveraging advanced tools, organizations can better anticipate and respond to operational risks. This not only enhances the sustainability of energy production but also protects communities and ecosystems from the consequences of industrial accidents. Strengthening risk management practices supports long-term growth and resilience in the global energy sector. Oil and Gas Risk Assessment and Management: Emerging Research and Opportunities explores advanced methodologies and tools for assessing and managing risks in the oil and gas industry, focusing on practical applications. It demonstrates how these techniques can improve decision-making, enhance safety, and mitigate financial and operational risks. Covering topics such as oil depletion, porosity, and weather disruption, this book is an excellent resource for risk analysts, financial managers, decision-makers, academicians, researchers, and more.

By: Vojo Bubevski
Imprint: IGI Global
Country of Publication: United States [Currently unable to ship to USA: see Shipping Info]
Dimensions: Height: 254mm, Width: 178mm, Spine: 19mm
Weight: 767g
ISBN: 9798337309590
Pages: 325
Publication Date: 29 April 2025
Audience: General/trade , ELT Advanced
Format: Hardback
Publisher's Status: Active

Vojo Bubevski comes from Berovo, Macedonia where he completed his primary and secondary education. He has a Degree in Computer Science and Informatics from the University of Zagreb, Croatia in 1977. He started his professional career in 1978 as an Analyst Programmer at Alkaloid Pharmaceuticals in Skopje, Macedonia. At Alkaloid, he worked on applying Operations Research methods to solve commercial and technological pharmaceutical problems from 1982 to 1986. For these applications, he developed his software for optimisation including Linear and Non-Linear Programming, Dual Algorithm, and Integer Programming. In this period, he was a part-time lecturer at the ""Koco Racin"" Open University in Skopje, for which he, as a co-author, published a couple of textbooks. In 1987 Vojo immigrated to Australia. He worked for IBM(TM) Australia from 1988 to 1997. For the first five years, he worked in IBM(TM) Australia Programming Centre developing systems software. The rest of his IBM(TM) career was spent working in IBM(TM) Core Banking Solution Centre. In 1997, he immigrated to the United Kingdom where his IT consulting career started. As an IT consultant, Vojo worked for Lloyds Bank in London, Svenska Handelsbanken in Stockholm, and Legal & General Insurance in London. In June 2008, he was engaged as a Senior Consultant by TATA Consultancy Services Ltd. He is a specialist in Business Systems Analysis & Design (Banking & Insurance) and has delivered major business solutions across several organisations. He retired in May 2018. Vojo has a very strong background in Mathematics, Operations Research, Modelling and Simulation, Risk & Decision Analysis, Six Sigma, and Software Engineering, and a proven track record of delivering solutions applying these methodologies in practice. He has received several formal awards. Since 2007, he has been doing practical research in applications of Stochastic Risk & Decision Analysis. His work evolved and resulted in a novel stochastic Six Sigma DMAIC method for Risk Management. Vojo published many written works in eminent international conferences and journals, featured as a guest speaker at several prominent conferences internationally, and published one chapter and 13 books applying his method (Ref. ORCID: 0000-0002-7181-4445). The author's distinguished book ""Six Sigma Improvements for Basel III and Solvency II in Financial Risk Management"", including the Six Sigma DMAIC methods for Risk Management, is recognised and currently ranked 91 with 4.03 stars in the ""100 Best Financial Risk Management Books of All Time"" by the BookAuthority (Ref. ). Bernstein stated, ""The risk will always be there, so we must explore many interesting tools that can help us to control risks we cannot avoid taking"" (Bernstein & Damodaran 1998). The author's Six Sigma DMAIC Methods are one such tool.