Advancing Understanding of Offshore Oil and Gas Systemic Risk in the U.S. Gulf of Mexico

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 ContentsFront MatterSummary1 Introduction2 Changes in Offshore Safety Since 20103 Available Empirical Indicators of Offshore Industry Risk Profile4 A Model for Assessing Industry Risk Profile5 Incentives of the Offshore Oil and Gas Industry Regulatory Structure6 Gulf Research Program Activities: Contributions to a Better Understanding of Systemic Risk Reduction7 Energy Transition and Systemic Risk Management in the Outer Continental Shelf8 Summary of Chapter ConclusionsAppendix A: Recommendations from Key ReportsAppendix B: Study Committee Biographical InformationAppendix C: Disclosure of Unavoidable Conflicts of Interest