Shale Gas Risk Management: DNV Leads the Way

MarineLink.com
Tuesday, September 25, 2012

DNV has launched a recommended practice (RP) for the entire life cycle of shale gas extraction, based on risk management principles. The recommended practice provides a reference document for the independent verification of shale gas projects. The objective is for the RP to form the basis for a globally recognised standard for safe and sustainable shale gas extraction.

DNV’s recommended practice applies risk management principles, to ensure that threats related to shale gas activities are effectively and efficiently managed in an accurate, balanced, transparent and traceable way.  “The overall objective of this Recommended Practice is to establish guidelines and recommendations for the processes required to protect the safety of people and the environment during all phases of shale gas field development and operations,” saidRemi Eriksen, CEO of DNV Maritime and Oil & Gas.

The company further recommends that shale gas operations are monitored and publicly reported. This will establish proper points of reference and consistent monitoring prior to, during and after operations, it advises carrying out extensive baseline surveys prior to the commencement of any shale gas activities. The information gathered should be openly disclosed to all stakeholders, including the general public.

“There is great public concern about the consequences of shale gas operations. Our recommended practice will contribute to increase the trust and confidence among the general public by implementing operational best practices and making the industry document how its activities are being executed in a safe and responsible manner,” says Eriksen.


Shale Gas: A Game Changer

Shale gas has been widely identified as a game changer in the global energy market. The North American shale gas revolution has made shale gas an increasingly important source of natural gas and awoken other potential shale gas nations across the globe, including the UK, Poland and China.

The industry is facing a variety of challenges in managing the safety, health and environmental risks involved, and a global standard for safe and sustainable shale gas extraction is yet to be established.

Although several stakeholders have developed documents and guidelines covering parts of the activities involved, a complete risk management framework has, up to now, been lacking. The Recommended Practice focuses on the following aspects: management systems; safety, health, and the environment; well integrity; management of water and energy; infrastructure and logistics; public engagement; stakeholder communication; and permits. It has been developed following consultation with European and US authorities, oil and gas companies, NGOs and other industry bodies. 
 


Technology

WSS Marketing Turner Design’s Ballast Water Compliance Tool

Wilhelmsen Ships Service (WSS), provider of products and services to the shipping industry, said it has signed a partnership with Turner Designs USA to market its

Wärtsilä to Launch Sea-Master at SMM

Set to launch at SMM 2016 in Hamburg September 6-9, 2016, the new Wärtsilä Sea-Master system uses digital technology to monitor shaft bearings and seals to help

Japanese Yards Mull Shipbuilding Alliance

Four major Japanese shipbuilders are in discussions to form an alliance in hopes of riding out the industry slump.   Mitsubishi Heavy Industries, Ltd. (MHI) announced

Offshore

Esvagt Makes Vestdavit MissionEase First Choice for Mission Bay

Norway-based boat system and davit-handling specialist Vestdavit has secured a breakthrough order for its unique MissionEase multi-boat handling solution for mission bays,

DNV GL Backs John Laing on First Offshore Wind Investment

DNV GL successfully completed its due diligence work of the offshore wind farm “Nordergründe” in the North Sea, reviewing and quantifying the technical risks of the project.

GoM Operators Evacuating Ahead of Storm

Offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in the path of Tropical Depression No. 9.   The Bureau of Safety and Environmental

Energy

Jt Study by MOL, Yokohama University for Improving Ocean Shipping Market Forecast

Mitsui O.S.K. Lines, Ltd. today announced that the company and its subsidiary MOL Information Systems, Ltd. have signed a contract with Yokohama National University

DNV GL Launches New Approach to Manage Uncertainty in Risk Assessment

There is increasing emphasis from regulators on addressing uncertainty in risk assessments to improve safety. DNV GL’s new paper, ‘Enabling confidence – addressing uncertainty in risk assessments’,

Gasum, Wärtsilä Join Forces to develop Gas Value Chain

New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum,

Government Update

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

California: A Strong Shipbuilding State

Fifth in the nation for direct employment, California shipbuilding and repair industry supports nearly 35,000 jobs; Maritime Administrator highlights economic importance

White House Sees a Path to Approval of Pacific Trade Deal

The White House on Monday said it was hopeful it could win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office,

Insurance

MN100: MOPS Marine License Insurance

The Company: Since 1935, MOPS Marine License Insurance has defended the USCG licenses of mariners operating in every maritime sector in the United States. Its network of over 80 maritime law firms,

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

Vitol's Malaysia Terminal Suspends Ops after Spill

VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday.

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Port Authority Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | 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: 0.0797 sec (13 req/sec)