Energy Domain’s Post

At the end of 2023, The North Sea Transition Authority issued their highest fine to date to Repsol of £160,000 for flaring more than 73 tonnes of gas without proper consent. This has caused shockwaves throughout an industry that relies on trust as its backbone. Trust is paramount for maintaining relationships across the supply chain, with investors, regulators and the general public. Secure shared data and using emissions management platforms such as Energy Transition Databox can help to mitigate risks associated with safety violations and regulatory fines by facilitating collaboration, transparency and fostering a culture of accountability within the industry. Read more about the role of secure shared data to avoid the backlash of regulatory bodies in our latest blog post: https://lnkd.in/e3N2fxeJ #repsol #nstafine #regulatorycompliance #secureshareddata #emissionsmanagement #cybersecurity

I read this : CIA triad is also important in safeguarding critical assets and infrastructure such as water, oil and gas facility and electricity grid systems. These systems are mainly operational Technology systems which are often forgotten in the scheme of Information Technology assets because they are mainly passive devices. These attack surfaces are critical to National security and attackers are targetting the behavioral data such as tenperature, pressure eternal to gain unauthorized access and steal confidential data. -O Usman @10Alytics

Consumer Energy Resources (CER) are becoming an essential part of Australia's energy framework and will be crucial to reach our net zero ambitions. Data is key to unlocking the full potential of CER and to successfully integrate it into the energy mix, yet it also introduces fresh challenges around privacy and security within our energy networks. Keen to understand more? Join me in exploring the types of data linked to CER, its critical importance, the application of the federal Privacy Act, and why data sharing agreements are crucial. #EnergyTransition #NetZeroAustralia #DataPrivacy #DataSecurity #PrivacyAct #CER #ConsumerEnergyResources 

The King & Wood Mallesons Tech and Energy teams have prepared this brilliant article, discussing the crucial role data plays in unlocking the full potential of Consumer Energy Resources (CER) and the challenges this creates in terms of privacy. Read more below. This article is the second of a five part CER publication series, exploring the emerging opportunities and challenges associated with the uptake of CER in Australia from the angle of tech law. #EnergyTransition #NetZeroAustralia #DataPrivacy #DataSecurity #PrivacyAct #CER #ConsumerEnergyResources 

Consumer Energy Resources (CER) are becoming increasingly vital in Australia's energy landscape. The successful integration of CER is critical for the country to achieve its net zero targets. Data plays a crucial role in maximising the benefits of CER. However, the collection, use, storage, and transfer of this data also bring new vulnerabilities to the energy ecosystem in terms of data and privacy. To gain a better understanding, continue reading to explore the different types of data relevant to CER, the significance of data, the application of the federal Privacy Act, and the importance of data sharing agreements. https://ow.ly/KPVH50SmSZ5

This case study illustrates how #AI and #MachineLearning revolutionized #RiskAnalysis in the #OilAndGas sector. By harnessing advanced analytics, dss+ enabled the client to extract valuable insights from complex data, enhancing incident understanding and #RiskMitigation. Through AI modeling, previously overlooked factors were identified, empowering better decision-making for #SaferOperations.

The pipeline industry is no stranger to challenges. Environmental concerns, regulatory compliance, and the need for sustainable practices have propelled the industry towards innovative solutions. And safeguarding pipelines is a mission-critical task, and API 1164 plays a pivotal role in this endeavor. As we look ahead to a future where the global demand for energy continues to rise, the significance of API 1164 in safeguarding our pipelines cannot be overstated. It's a standard that sets the bar high, paving the way for a safer, more efficient, and environmentally responsible pipeline network that benefits us all. Read the Full Article Here: https://hubs.ly/Q026P0jD0 #PipelineSafety #SafeguardingPipelines #PipelineStandards #Innovation

What is on the horizon? Highlights inside Offshore Special Report include: 1 Artificial intelligence applications promise improved drilling efficiency 2 Successful digital strategy must be comprehensive, with set goals 3 Digital twin simulators helping carbon capture operators to safeguard their networks 4 German wind farm pilot project validates autonomous marine data acquisition technologies 5 Offshore oil and gas — the comeback kid 6 Energy transition expectations from O&G companies 7 Top risks for O&G companies in an evolving and decarbonizing world 8 To recruit the offshore workforce, flip the script 9 The digital evolution: how cyber security is key to a successful energy transition

This case study highlights the #transformative impact of AI and machine learning on #RiskAnalysis for an oil and gas provider. By leveraging #AdvancedAnalytics, dss+ helped uncover insights from complex data, improving incident understanding and #RiskManagement. Through #AI modeling and natural language processing, previously unnoticed factors were identified, enabling the client to make more informed decisions for #SaferOperations.

RESILIENCE IN ENERGY MARKETS A recent analysis commissioned by Norway’s Regulatory Authority for Energy (NVE-RME) shows that the power market is resilient against cyberattacks on energy exchanges. The study, conducted by DNV, highlights that such attacks generally have minimal impact on market operations. KEY INSIGHTS: 👇 🛡 COMPLEX EVENT CONVERGENCE: Significant societal consequences are unlikely unless cyberattacks coincide with other critical events, such as power shortages or simultaneous attacks. 📈 ENERGY TRADE VULNERABILITIES: The report identifies potential weaknesses. For example, the more the time of trading approaches the time of power production, the more the risk increases, which requires robust solutions. ⌨ SECURITY IN DEVELOPMENT: As the energy market evolves with more players and digital integration, the emphasis on security in developing solutions becomes paramount. This analysis contributes to a broader research project on supply security and preparedness, emphasizing the importance of collective responsibility in ensuring the safety of our energy systems. Feel free to check out the full report for a comprehensive understanding of digital vulnerabilities in the energy market. 🌐🔒 https://lnkd.in/dQ2A3ETc #powergrid #powermarket #cybersecurity