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. 
 

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Technology

Insights: Kunkel Weighs in on Propulsion Technology

LNG? Methanol as fuel? Hybrid systems? Tier 4? Reducing noise? Cutting emissions without crushing fuel economy? Marine News readers have questions and Bob Kunkel has answers.

A Sea Change in Waterjet Technology

Longtime waterjet propulsion equipment provider NAMJet introduces key advancements for the workboat sector. Back in 2011, when boat builder Birdon went looking

ATB Design Comes of Age

The emerging trend of marrying the design of an articulated tug and barge (ATB) to a particular propulsion system to maximize efficiencies of that system has, of late,

Energy

China Refineries Enters Global Oil Trade

During the last year, China’s “teapot” refiners are helping to boost China’s crude import demand and their influence is expanding, says Clarkson Research Services.

First US LNG Shipment Goes to China

The first liquefied natural gas vessel from the lower 48 U.S. states is on its way to China, according to a Reuters interactive map on Friday, the latest sign that

Swiber Applies for Judicial Management Instead of Liquidation

Singapore oilfield services company Swiber Holdings Ltd said on Friday it has applied to place itself under judicial management instead of liquidation.   Swiber

Government Update

U.S. Awards $61.8 Mln for Port Projects

U.S. Transportation Secretary Anthony Fox today announced 40 awards totaling nearly $500 million in funding for the  FY 2016 Transportation Investment Generating Economic Recovery (TIGER) grants.

Libyan Oil Exports to Resume from Closed Ports

Libyan oil exports from closed ports should resume in no more than one to two weeks after a deal was signed between the government and an armed brigade controlling the terminals,

China, Russia Navies to hold S. China Sea Drills

China and Russia will hold "routine" naval drills in the South China Sea in September, China's defence ministry spokesman Yang Yujun told a news conference on Thursday.

Insurance

Panama Canal: Assessing the Risk & Reward

The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016.

How to Avoid Claims for Self-cooking Cargo

North P&I Club has advised its members to be extra vigilant during loading and transport of soya beans to ensure they do not get blamed for cargoes that start ‘cooking’ at sea.

ABS Advisory Solutions Integrate ERM

ABS Group anticipated the update to Circular A-123 from the United States (US) Office of Management and Budget (OMB) requiring US executive departments and agencies

Consulting

Crew Kidnapping Rising in Gulf of Guinea - Dryad

In contrast to the substantial numbers of reported incidents across Southeast Asia and the Indian Ocean in recent years, maritime crime now appears to have stabilised

Friend of the Sea Turns to BMT for Reefer Vessels Certification

BMT Surveys (BMT), a subsidiary of BMT Group, the international maritime design, engineering and risk management consultancy, has been engaged by Friend of the

BMT to Lead Repower for Historic USCG Eagle

BMT Designers & Planners, a subsidiary of BMT Group, an international maritime design, engineering and risk management consultancy, is leading the effort to repower the historic U.

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Pipelines Port Authority Ship Electronics Shipbuilding / Vessel Construction Winch
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: 0.0780 sec (13 req/sec)