Friday, May 29, 2020

Risk Management News

Offshore Wind: The Domino Effect

Matt Tremblay, SVP, Global Offshore, ABS

Matt Tremblay, SVP, Global Offshore, ABS, discusses the next hot growth market ... offshore wind. While the market grows, the question begs: Is the U.S. marine industry ready to meet demand?The…

DNV GL, DNO Pact on North Sea

(L-R) Geir Egil Eie, Head of Department, Subsea and Asset Risk Management, DNV GL – Oil & Gas, Arve Johan Kalleklev, Regional manager, Norway, DNV GL – Oil & Gas. Photos: DNV GL

The international accredited registrar and classification society DNV GL has been awarded a framework agreement by the Norwegian oil and gas operator DNO ASA to provide a broad portfolio of…

New App Aims to Improve Project Performance

Andy Sutherland, director at Prism Energy (Photo: Prism Energy)

An Aberdeen-based company has created a lessons learned management system that captures critical project data and helps inform the future performance of complex oil and gas developments globally.Prism Energy…

Woodside Looks to Sell Gas Assets

(Photo: Woodside)

Australian oil and gas producer Woodside is seeking to reduce its stakes in the Scarborough gas field at home and in Canada's Kitimat liquefied natural gas (LNG) project to cut its capital exposure…

DNV GL to Certify TenneT Platform in German Sea

Pic: DNV GL

DNV GL has signed a four-year framework agreement with TenneT to provide project certification for new High Voltage Direct Current (HVDC)  substations linked to offshore wind farms in the German…

Pavilion Acquires LNG assets of Iberdrola

(L to R) Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy and Mr Aitor Moso, CEO of Liberalised Business, Iberdrola. Photo: Pavilion Energy

Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural…

Equinor Extends Oceaneering Contract

Image: Oceaneering

Houston-based subsea engineering company Oceaneering International has secured a contract renewal from Equinor, the Norwegian multinational energy company, covering the provision of maintenance…

DNV GL Study on Wind Turbine Blades

Pic: DNV GL

The global quality assurance and risk management company DNV GL released an in-depth study, commissioned by the U.S. Department of Energy’s Lawrence Berkeley National Laboratory, which examines…

Asia: Pertamina, Petronas Join Forces

Image: Petronas

Indonesian state-owned energy company PT Pertamina and Petroliam Nasional Berhad (Petronas) of Malaysia have signed a Memorandum of Understanding (MoU) to develop oil and gas business – upstream and downstream…

Sphera Acquires Petrotechnics

Sphera, a provider of integrated risk management software and information services with a focus on operational risk, environmental health and safety and product stewardship, announced it has acquired Petrotechnics…

Oil Slumps 7 Percent

© Pavel Ignatov / Adobe Stock

Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader Wall Street selloff that was fed by rising concerns about slowing global economic growth.U.S.

Leadership Changes at Anadarko

(Photo: Anadarko)

Anadarko Petroleum Corporation announced Thursday that Bob Gwin, formerly Executive Vice President (EVP), Finance and CFO, has been named President. In his new role, Gwin will be responsible for leading Anadarko's worldwide operations…

Technology Centre Mongstad Sign MoU with DNV GL for CO2 Capture Technology

Liv A. Hovem, CEO, DNV GL – Oil & Gas. Pic: DNV GL

The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for…

Wild Well Announces Onsite Training

Photo: Wild Well Control

Well control and engineering services firm Wild Well Control, Inc., a Superior Energy Services company, announced that it will offer well control training to drilling rig crews onsite with…

Digitization of the Norwegian Continental Shelf

The Goliat  Field (Photo: © Eni Norge)

A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical information on the Goliat platform in the Barents Sea.The system…

DNV GL sees oil demand peaking in 2023

(Photo: Eric Haun)

Global oil demand will peak in 2023 as electric vehicles (EVs) become competitive with cars fuelled by petrol and diesel, and after 2040 no new oil developments will likely be needed, quality…

De-risking the FPSO Renaissance

© Lukasz Z / Adobe Stock

Floating production, storage and offloading vessels (FPSOs) are in the ascendancy. The total FPSO market is now expected to grow to over $117 billion by 2024. A combination of factors, such…

​​​​Chinese Tariffs on LNG, Oil May Threaten US Energy Dominance

© Igor Groshev / Abobe Stock

China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S.

Leadership Changes at Danos

Reed Peré (Photo: Danos)

Danos has appointed two executive team members to new roles: Reed Peré will serve as vice president of business development, sales and marketing, and James Callahan as the vice president of…

New LNG Contract Framework to Spur 'Oil-like' Trading Model

File Image (CREDIT: AdobeStock / © Kasto)

Introduction of GTC contracts could spur trading, cut costs; traders say existing system inefficient and tedious. A new umbrella contract meant to streamline trading of liquefied natural gas (LNG)…