Overview

Most of the offshore oil and gas industry in the Gulf of Mexico has shown considerable improvement in systemic risk management, which is now approaching a middle stage of maturity across most risk elements. Advancing Understanding of Offshore Oil and Gas Systemic Risk in the U.S. Gulf of Mexico: Current State and Safety Reforms Since the Macondo Well–Deepwater Horizon Blowout assesses both industry and regulatory progress against the reforms that were recommended following the Deepwater Horizon disaster in 2010. The report also states that progress has been uneven, and critical gaps remain in comprehensively addressing the management of systemic risk offshore. Table of Contents Front Matter Summary 1 Introduction 2 Changes in Offshore Safety Since 2010 3 Available Empirical Indicators of Offshore Industry Risk Profile 4 A Model for Assessing Industry Risk Profile 5 Incentives of the Offshore Oil and Gas Industry Regulatory Structure 6 Gulf Research Program Activities: Contributions to a Better Understanding of Systemic Risk Reduction 7 Energy Transition and Systemic Risk Management in the Outer Continental Shelf 8 Summary of Chapter Conclusions Appendix A: Recommendations from Key Reports Appendix B: Study Committee Biographical Information Appendix C: Disclosure of Unavoidable Conflicts of Interest

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