New Standard for Offshore O&G Project by DNV GL Led JIP is Cost Saving
Variations in owner, operator and regulatory requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and drive up costs. DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering Company (DSME) and Samsung Heavy Industries (SHI) that will establish a new international standard for offshore oil and gas projects. The results could potentially cut project costs by 15%…
DNV GL's P&A Guideline Could Save O&G $ 32 bln
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years. Now a new DNV GL guideline will introduce a risk-based approach instead of the current prescriptive practice. DNV GL estimates that when combined with optimized project execution and new technology, the P&A cost can be reduced by 30-50%.
Unmanned FLNG: ‘The Future of LNG Technology’
DNV GL has developed a new unmanned floating LNG concept that it says overcomes many of the challenges currently faced by those looking to unlock the potential of remote offshore gas fields. Called Solitude, the concept demonstrates how technological advances – most of the technology already within reach - can be combined into a solution that offers some 20 percent reduction in annual OPEX, only adding a few percent increase in CAPEX and at the same time increase the overall safety.
WOC Partners With The Economist for 2014 Summits
For the third Arctic Summit, the WOC is working with The Economist to help ensure Arctic business community participation. The event will gather senior level politicians, government bodies, NGOs, indigenous groups, intergovernmental organizations, and corporations from across the insurance, infrastructure, oil gas and mining, logistics, shipping, tourism and risk management industries. A special registration discount is available to WOC Members. The speaker for Arctic Summit’s lead industry sponsor - DNV GL (a founding WOC Member) - is Elisabeth Tørstad, CEO, DNV GL Oil & Gas.
DNV GL: New RP for Integrity Management of Subsea Production Systems
Following a new Recommended Practice (RP) for subsea lifting, DNV GL has published an RP providing guidance on how to establish, implement and maintain an integrity management system (IMS). According to DNV GL, the aim is to help operators carry out maintenance activities at the most cost effective intervals, increase confidence in the condition of the subsea equipment and ensure a unified and reliable reference for both authorities and the industry. The need to manage the integrity of subsea production systems…
Prime Minister Solberg Visits DNV GL
Norway’s Prime Minister Erna Solberg visited DNV GL Høvik yesterday, September 16. Group President & CEO Henrik Madsen was host. “The Prime Minister was both enthusiastic and interested in DNV GL’s views on climate-friendly technologies in the industries we serve. We hope that our input on technological opportunities will be useful in the Norwegian government's work aimed at promoting a greener economy,” said Henrik Madsen when the hour long visit was over. As well as the Prime Minister herself, Norway’s Minister of Climate and Environment, Tine Sundoft, participated in the meeting.
Tørstad Named DNV GL - Oil & Gas CEO
Elisabeth Tørstad has been appointed CEO in DNV GL - Oil & Gas. She took on the role from January 2014, operating from the company’s Oil & Gas headquarter in Oslo. “I am very pleased to announce that Elisabeth Tørstad has accepted this role. Her background, career and experience match very well with the opportunities that lie ahead for DNV GL’s Oil & Gas business,” says Henrik O. Madsen, DNV GL Group President & CEO. “The oil and gas industry is facing rapid changes and increased public scrutiny on its safety and environmental performance.
DNV Reommends Changes to U.S. Safety Regime
Houston: “A step change can be achieved with respect to prevention and mitigation of major accidents through a performance based safety regime supported by a risk management approach. Empirically, the risk can be reduced by a factor of ten,” says Elisabeth Tørstad, DNV COO in the Americas and Sub-Saharan Africa. As an input to the ongoing review of the U.S.’ current offshore safety regime, DNV is recommending considerable attention to several key aspects of safety management.