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

People & Company News

USCG Free Boat from Ice Near Woods Hole

A Coast Guard crew responded to a fishing vessel trapped in ice in Woods Hole Passage, Woods Hole, Massachusetts, Saturday. At about 3 p.m., the crew of the fishing boat Capt.

Tug Boat Owner Jailed After Crew Man Dies

A tug boat owner was today was given an 8 month custodial sentence after his crew member died trying to reattach a tow line in a violent storm. During today’s hearing at Southampton Crown Court,

COMPIT to Showcase Smarter Ships, Systems & Solutions

The 14th International Conference on Computer and IT Applications in the Maritime Industries (COMPIT) will take place from 11th to 13th May 2015 in Ulrichshusen, Germany.

Arctic Operations

Royal Navy Data Provide Insights for Arctic Science

The researchers at the National Oceanography Centre (NOC) have investigated the nature of turbulence in the ocean beneath the Arctic sea-ice using recently released

Britain Should Appoint Ambassador to the Arctic

The House of Lords Arctic Committee urged that UK should follow the example set by France, Singapore and Japan and appoint an Ambassador for the Arctic.   The

International Ice Patrol Opens Annual Ice Season

The U.S. Coast Guard International Ice Patrol opened the annual ice season February 3 to detect and track icebergs in the North Atlantic Ocean. The IIP deployed

 
 
Maritime Careers / Shipboard Positions Maritime Security Maritime Standards Pipelines Pod Propulsion Port Authority Salvage Ship Simulators 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: 0.1461 sec (7 req/sec)