Arctic Risk Management Study Released by DNV & FNI

Press Release
Wednesday, August 29, 2012

A new study about crucial risk management issues relating to Arctic operations is released by DNV and the Fridtjof Nansen Institute (FNI).

The study concludes that, in order to safely develop Arctic resources, there is a need for improved technology, oil spill preparedness and close cooperation between the authorities, industry and society. DNV’s CEO, Dr Henrik O. Madsen, presented the study entitled ‘Energy and the environment – Arctic resource development, risks and responsible management’ at the Offshore Northern Seas (ONS) Conference in Stavanger.

Some of the study’s conclusions:

  • Interest in the Arctic is growing rapidly, but there is no race for resources. The Arctic is more characterised by cooperation than by conflict. It is in the interests of all major stakeholders that the rules of the game are followed, meaning adherence to the law of the sea and cooperation through international bodies such as the Arctic Council.
  • Some areas of the Arctic are still disputed, but the prospects for a solution without conflict are good. The bulk of Arctic resources are clearly and unambiguously under the national jurisdictions of the five Arctic coastal states: Russia, Norway, the USA, Canada and Denmark/Greenland.
  • The Arctic represents an energy and climate paradox. The effects of climate change are dramatic in the Arctic and are showing the world the importance of bringing global warming under control. At the same time, it is climate change that, by melting sea ice, is opening up the Arctic for further petroleum exploration.
  • Some of the greatest challenges to the development of energy resources in the more demanding regions of the Arctic are the risks of accidents, loss of life and potentially uncontrollable oil spills, especially in ice-covered areas. Thus, not only is effort needed to prevent accidents from happening, but systems also need to be developed to handle emergencies.
  • The management of these challenges requires more knowledge, better technology and good, close and transparent cooperation between the authorities, industry and society.


DNV’s CEO Dr Henrik O. Madsen discusses the study’s findings concerning international conflicts, institutional architecture, environmental challenges, resources and regulations relating to fishery, shipping and petroleum activities and finally concerning risk management in the Arctic, and his presentation can be viewed here.


 

Maritime Reporter March 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Garamendi Introduces Bipartisan GPS Backup Bill

Congressman John Garamendi (D-Fairfield, CA), the Ranking Member of the House Transportation and Infrastructure Subcommittee on the Coast Guard and Maritime Transportation,

Soo Locks Open for Great Lakes Shipping Season

At 12:01 a.m. on Wednesday, the U.S. Army Corps of Engineers officially opened the Soo Locks for the start of the 2015 Great Lakes shipping season.   The locks at Sault Ste.

Lack of Ship Definition is a Threat to Investors

AKD says the lack of an unambiguous term to describe a ‘ship’ in several jurisdictions represents a potential threat to asset security for financiers, particularly

Arctic Operations

Statoil: Polarled Pipe-Laying Kicks Off

On 26 March, the Solitaire pipe-laying vessel started on the first stage of the Polarled installation project. The 482-kilometre long pipeline will transport gas

Icebreaker Murmansk Launched at Arctech Helsinki Shipyard

The 16 MW Icebreaker for the Russian Ministry of Transport was launched at Arctech Helsinki Shipyard on March 25th, 2015. Before floating the vessel, she was

Seattle Fears Arctic drilling, Shell Moves Rigs

Shell Oil Co is poised to restart oil drilling in the Arctic in the near future once it receives the go-ahead from the U.S. government, which could happen soon.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Port Authority Salvage Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1490 sec (7 req/sec)