When ConocoPhillips began offshore drilling operations on the Ekofisk field in the North Sea in the early 1970s, analysts estimated a 25 year lifetime horizon for the field. Now that new estimates have added another 30 years, to the life of the field ConocoPhillips is exploring ways to upgrade its aging platforms without losing production capacity.
"Managing risk" is a statement widely used to represent the core of all DNV services. But what does it actually mean?
Worldwide energy demands are growing rapidly, and liquefied natural gas (LNG) is fast becoming a hot commodity. Rising prices and lower costs are creating a boom, but the rapid conversion of existing technology to fit this complicated product is neither straightforward nor risk free. Competency and practical experience from a range of engineering fields is necessary to make the transition safe.
Fifty years ago, DNV took a significant and pioneering step by establishing a dedicated Research Department. Today, DNV is internationally recognised for its expertise in a broad range of industries.
The DNV laboratories are a valuable tool used by DNV in two vital ways: verifying theoretical models in full-scale tests and to aid in failure investigations.
It is always difficult to achieve a consistent and high safety standard during any major project. But when the project involves owners and stakeholders with different corporate and national cultures, success can be elusive. Although faced with these challenges, the construction effort of K Power's LNG plant in Korea is proceeding smoothly, and stands as a good model for others to follow.
In a period of increasing international maritime regulations, the relationship between the IMO, classification societies and shipowners has become increasingly complex. An erosion of the trust placed in the industry by regulators and end-users has lead to calls from some in the maritime industry to establish goal-based standards - common rules with clearly stated goals for safety reliability and durability.
"My goal is simple, yet ambitious. I want Alyeska Pipeline Service Company to be the best-run pipeline in the world," says David Wight, president and CEO of Alyeska.
Teekay Shipping is taking competence management to new heights, establishing as part of its business strategy its own competency management program called SCOPE. Det Norske Veritas recently issued a statement of compliance to Teekay for its system - the world's first competence management system certificate.
Tsing Tao has noticed how markets overseas have developed a taste for its product and is eager to quench this thirst by growing its export capabilities.
Rapid expansion in Asia's shipbuilding and shipping activities, springing from sustained economic growth, is offering new opportunities for DNV
China's first-ever series of Very Large Crude Carriers (VLCC) have all been built to DNV class. The last in the series of five ships was recently delivered to owner NITC.
The Wall Street Institute School of English is one of the few English language instruction schools to be certified to ISO 9001:2000.
DNV Poland has issued a corporate ISO 14001 certificate to the Polish McDonald's restaurant chain.
A new study of all DNV-classed vessels of 6,000grt and above clearly shows the safety value of additional Class Notations.
DNV issues design standard and certification regime for offshore wind turbines, comparable with Class Rules for ships.
Challenging the industry's ability and willingness to be accountable, DNV Consultants Glenn Corr and Nick Jackson take a closer look at the discrepancy between what the annual report promises and companies do...