Shale Gas Risk Management: DNV Launches Recommended Practice

(Press Release)
Thursday, January 17, 2013

Foundation presents recommended practice document as invitation for dialogue
 

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. Our recommended practice ensures that the contentious issues are managed in an accurate, balanced, transparent and traceable way.”

The framework was developed over an 18-month period, which included collaboration with stakeholders as well as review of existing practices and guidelines. Multiple organizations have already developed recommendations and guidelines, yet a complete risk management framework has not existed.

The RP, being made public for the first time today, recommends a risk based approach to shale operations. It recommends that shale gas operations are monitored and publicly reported, thus establishing proper points of reference and consistent monitoring prior to, during and after operations. The RP also advises carrying out extensive baseline surveys prior to the commencement of any shale gas activities, with information gathered being openly disclosed to all stakeholders, including the general public.

“We believe that companies that embrace our recommended practice will earn increased trust and confidence among the general public and other stakeholders by implementing operational best practices and creating standards for industry to document how their activities are being executed in a safe and responsible manner,” said Eriksen.

The DNV 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
-Permitting
 

 

Maritime Reporter July 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Energy

LNG Transport Barge Design Approved by ABS

Conrad Shipyard, L.L.C. engaged Bristol Harbor Group, Inc. (BHGI) to develop a 3,000 cubic meter Liquefied Natural Gas (LNG) transport barge utilizing a Bristol

W.Africa Crude Slow to Trade; Nigerian Glut Fading

Angolan cargoes for October loading are so far finding buyers slowly, traders said on Friday, while there were further signs that an overhang of September-loading Nigerian cargoes is being absorbed.

China Appeals WTO Ruling on US Solar Panel Dispute

China has appealed against a WTO dispute panel report on anti-dumping duties applied on certain Chinese products by the United States, the World Trade Organization (WTO) said on Friday.

Classification Societies

Bureau Veritas to Class, Certify FPSOs for Saipem

Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service off Angola. The

'Double Jeopardy – Trial by Media, Trial by Law' London Opening

BIMCO notes that the highly acclaimed "Double Jeopardy - trial by media, trial by law" first showcased at the BIMCO AGM in Dubai earlier this year is to be brought

RS to Exhibit at SMM 2014

Russian Maritime Register of Shipping (RS) announced it will exhibit at Shipbuilding, Machinery and Marine Technology (SMM) International Trade Fair September 9-12, 2014 in Hamburg, Germany.

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Repair 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: 0.1076 sec (9 req/sec)