DNV GL bags COSCO's HVDC Converter Platform Deal
DNV GL has been awarded a contract by COSCO Shipping Company Limited (COSCO SHIPPING) of China for the installation engineering services for the BorWin gamma high voltage direct current (HVDC) converter platform. The Dutch-German transmission system operator TenneT is developing the offshore AC/DC converter platform BorWin gamma as part of the grid connection project BorWin3. The project will provide an essential renewable offshore resource to meet increasing energy demands in Germany, as part of the German Energiewende (Energy Transition) programme. A consortium of Siemens and Petrofac has been contracted by TenneT to design, build and install BorWin gamma.
New Standard for Offshore O&G Project by DNV GL Led JIP is Cost Saving
Variations in owner, operator and regulatory requirements during engineering and construction phases at South Korean shipyards present a huge challenge for operators and drive up costs. DNV GL has kicked off a joint industry project (JIP) with Hyundai Heavy Industries (HHI), Daewoo Shipbuilding and Marine Engineering Company (DSME) and Samsung Heavy Industries (SHI) that will establish a new international standard for offshore oil and gas projects. The results could potentially cut project costs by 15%, or approximately USD 500 million for a typical TLP (tension leg platform) project, for example. The JIP aims to develop common and global best practices for components and equipment to reduce the number of, and variations in, requirements to the minimum necessary.
Consolidation Likely as U.S. Oil and Gas Operators Grapple with New Regulation
New research reveals the impact of post-Macondo reform U.S. oil and gas professionals are losing their appetite for risk and are worried about rising operating costs, as they grapple with the consequences of a tougher, post-Macondo regulatory regime, according to new research published today by GL Noble Denton. Despite the new regulations, the vast majority believe that the U.S. will continue to be a leading investment destination, and that the changes are necessary to improve the safety and reputation of the industry, according to the report. The findings come from a study, Reinventing Regulation: The impact of U.S. reform on the oil and gas industry, which was undertaken on behalf of GL Noble Denton, the independent technical advisor to the oil and gas industry.
Oil and Gas Executives Discuss 2012 Outlook
Confidence for improved margins and higher capital investment has returned to the oil and gas industry this year, according to a group of industry leaders. However in the long-term, the energy sector faces unprecedented challenges that could have a lasting impact for years to come. The comments were among those made at an exclusive roundtable event held recently in Houston by GL Noble Denton, an independent technical advisor to the industry. This event followed the publication of “Big Spenders: The outlook for the oil and gas industry in 2012”…
