Statoil Reports Robust Q1
Norway's Statoil defied gloom in the oil sector by reporting first-quarter earnings above expectations on Tuesday due to higher prices and good results from shale gas activities in the United States, lifting its shares. Regarding new sanctions on Russia, Statoil's CEO told Reuters it was too early to say whether he would attend a high-profile St Petersburg economic forum in June as planned, as the firm had to assess the impact of the measures first. Oil firms have seen their profit margins decline due to a rise in costs as crude becomes more difficult to extract and several big projects…
Shale Gas Risk Management: DNV Launches Recommended Practice
DNV has launched a recommended practice (RP) for the entire life cycle of shale gas extraction, based on risk management principles, industry best practices and standards. The objective is for the RP to form the foundation for future development of a globally recognized standard for safe and sustainable shale gas extraction. DNV is calling for input from industry, regulators, NGOs and other interested parties. “Controversy and conflict are constant themes as proponents and opponents debate the extraction of natural gas,” said Remi Eriksen, CEO of DNV Maritime and Oil & Gas. “Since the RP combines current best practices and standards in the industry with a risk based approach, it can serve as a common reference point and help bridge the gap between parties with opposing views.
Shale Gas Risk Management: DNV Leads the Way
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…
