Safety First

  • Navigating the Unpredictable: Building Resilience Against Black Swan Events

    Nassim Taleb’s concept of a Black Swan event—rare, impactful, and unpredictably rationalized post-occurrence—significantly affects industries like Oil & Gas. Examples include the Deepwater Horizon spill and Piper Alpha disaster, leading to enhanced risk assessments, safety practices, and regulatory overhaul to increase resilience and adaptability for future unforeseen events.

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