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 September 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

DP World Receives 1st Scheduled Vessel at New Terminal

DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Arctic Operations

Rederij Groen Takes Delivery of 7-Waves

Rederij Groen’s entire SRSV fleet built by Damen Maaskant Shipyards Stellendam. Dutch offshore services company Rederij Groen has taken delivery of the 7-Waves,

New Oil Field Found in British North Sea

GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f

MEPC Makes Progress on Energy Efficiency, Emissions

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from October 13-17, 2014, at IMO Headquarters in London.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
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: 0.1630 sec (6 req/sec)