Shale Gas Verification Service Launched by DNV GL

MarineLink.com
Wednesday, March 12, 2014
Elisabeth Torstad: Photo courtesy of DNV GL

DNV GL, an independent foundation with the purpose of safeguarding life, property and the environment, informs it has launched a comprehensive, tailor-made independent verification service based on the provisions of its Recommended Practice for Risk Management of Shale Gas Developments and Operations (RP), regulatory requirements and other publicly available standards.

"As shale gas and liquids development are experiencing exponential growth in North America, a wide range of operational risks have been realized, including gas flaring, fugitive emissions, rail transport incidents, water management, fracking chemicals, explosions, fires, infrastructure limitations, occupational risks, and asset integrity issues," said Elisabeth Torstad, CEO of DNV GL Maritime and Oil & Gas. "Industry can gain stakeholder acceptance only by implementing best practices and proactive risk management.  They need to demonstrate that their development activities can be executed in a safe, responsible and sustainable manner."

The new service will be used as a tool to help assure stakeholders that an independent assessment can assist in preventing incidents, reducing operational costs and limiting the environmental footprint of shale developments. Best practices measured in the assessment process include environmental, occupational and process safety, human factors, well integrity, and other elements that may help address the low probability, high consequence incidents under review today.

The verification process determines whether a comprehensive, transparent risk management approach related to risk identification and mitigation has been implemented to allow sustainable shale project development or expansion.

The verification service may be used by operators, regulators, insurance companies, banks and other oil and gas stakeholders to frame the risk dialogue, based on international approaches to risk identification, mitigation and monitoring best practices.

DNV GL's verification protocol will issue a conformance statement for all or part of the RP provisions and applicable publicly available standards and regulations. While various industry groups have introduced initiatives to assure stakeholders, DNV GL's verification service is the most comprehensive, risk-based strategy for exploration and production of shale gas and liquids.

Background: Risk management of shale projects and developments
In early 2013, DNV GL released the recommended practice for risk management of shale projects and developments to provide stakeholders a comprehensive understanding of potential risks and best practices to mitigate them. The RP was originally shaped as a risk primer for gaining a license to operate for new shale gas developments and to assure existing unconventional shale gas projects, especially in North America, could be sustainably operated.  The RP is the foundation for DNV GL's newly launched verification service.

The verification process identifies and recommends technical and non-technical best practices related to risk management, safety, health and the environment, well integrity, water and energy management, infrastructure and logistics, community engagement and communication, and permitting.

For further information about shale verification services and to view the full RP document visit: http://bit.ly/1nlE00x

 

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

People & Company News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Liebherr to Deliver RTGs to Mayotte and Manila

Liebherr confirms orders for variable speed RTGs and electric RTGs. DPWorld Asian Terminals Inc. has placed an order with Liebherr Container Cranes for a further 5 RTGs at its Manila facility.

U.S. Navy Contracts 12 Rapid Response Skimmers

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.

Energy

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

Areva-Siemens Raises Claim Over Finnish Reactor Delays

The French-German consortium Areva-Siemens , the supplier of Finland's much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO),

16 Die in Coal Mine Accident in China

Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting

People in the News

Decade Old India Shipping Summit Makes History

In ten years, India Shipping Summit held consistently in Mumbai, has sailed on a robust growth course despite the worldwide witnessing recessionary waves buffeting any endeavors to grow and gain.

USCG to Ensure Safety During World Series

The Coast Guard and local agencies are working to ensure the safety of boaters and baseball fans during World Series games at AT&T Park this weekend. The

16 Die in Coal Mine Accident in China

Sixteen workers were killed after a coal mine collapsed in China's far western region of Xinjiang, the official Xinhua news agency reported on Saturday, highlighting

Consulting

Moore Stephens Expects Vessel Operating Cost to Rise

Vessel operating costs are expected to rise by almost three per cent in both 2014 and 2015, according to a new survey by international accountant and shipping consultant Moore Stephens.

Technip & Fluor Bag RAPID UIO Project

Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd.

Vice Presidents Rejig at Caterpillar Inc

Following the previous announcement regarding two group presidents’ retirements and new responsibilities for another group president, Caterpillar Inc. (NYSE: CAT)

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Ship Repair Ship Simulators Shipbuilding / Vessel Construction
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: 0.3390 sec (3 req/sec)