A new DNV GL recommended practice has unlocked new opportunities for the oil and gas sector to deliver more cost-efficient. 43% of respondents put digitalization as a core part of their business strategy. Technical expertise helps fast-track Taiwan’s implementation of new offshore wind farms. It environmentally friendly subsea processing for improved hydrocarbons recovery. Singapore’s Maritime Port Authority (MPA) and DNV GL have renewed a Memorandum of Understanding (MoU). DNV GL was asked to carry out a power failure investigation after a major fire.
DNVGL-RP-F303 Subsea pumping systems provides a comprehensive specification for subsea pumping systems. DNV GL will ensure that new infrastructure to be built for Equinor’s Bay du Nord oil field project. The programme works with stakeholders from business, government and academia to create best practices and standards. DNVGL-RP-F303 has been published following a joint industry project including participants from subsea operators Equinor. The Gartner 2019 Market Guide for Asset Performance Management Software. Shell and Woodside in addition to four major systems suppliers.
Kristin Berg, head of section, subsea technology says “Fields frequently operate tailor-made subsea solutions involving extensive technology qualification programs”.
It improving operational efficiency (54%) and decision making (42%) as well as helping innovation. Company supporting Taiwan’s renewables targets for offshore wind farms delivering 5.5 GW by 2025. The project sought to address several obstacles to subsea processing and pumping. DNV GL will oversee design review activities and site surveillance during construction. It also seeks a collaborative approach to sharing ocean data. Asset performance management is becoming a standard way for asset-intensive industries. It include overcoming the sector’s perceived novelty.
Almost half of all stakeholders from the energy storage industry confirm their organisation defines digitalization. The MPA and DNV GL have been working together since 2014. The results highlight need for facility developers and operators. The unfamiliarity of subsea processing technology which can prevent new projects from being sanctioned. 70% of DNV GL’s business relates to the ocean and the ocean space programme. DNV GL is one of the representative vendors mentioned in the Gartner report. Dozens of subsea pumps have been installed and several have been in operation for more than a decade.
The Bay du Nord field is located approximately 480 km northeast of St. John’s. The three-year MoU covers many of the most important emerging trends. Lower emissions and the decarbonization of processes are the benefits of adopting energy efficient subsea processing systems. The distance to shore is a challenge in itself. The report evaluates vendors in four functional APM categories. This is due to the reduction in topside equipment and use of less electrical power when boosting closer to the wellhead. No existing infrastructure is in the immediate area.
It provides a comprehensive specification for subsea pumping systems. It has capabilities of Representative APM Vendors. Follow-up project will lead to criteria for bankability and validating remaining functionality. DNV GL is also at the forefront of sustainable ocean initiatives. It helps companies to reduce costs by providing increased predictability and clear requirements for projects. DNV GL also worked with Microsoft to host the Xynteo Exchange event. Company provides guidance and simplifies how to perform a risk-based approach.
The operating environment ahead for the maritime industry will be defined by three trends. DNV GL, the world’s largest resource of independent energy experts. Bay du Nord is an oil field discovered in 2013, aiming to produce its first oil 2025. Company contributes to further standardization in the subsea industry. The report assesses the current progress of digitalization and identifies the top priorities for. The unprecedented pace of change company can impact maritime trade flows. The Bay du Nord project is currently in Pre-FEED phase.
It offers predictable requirements and standardized product results leading to increased confidence. DNV GL, the world’s largest resource of independent energy experts. It increases the reuse of qualified technology with minimum test requirements to reach Technology Readiness Level 4. The investigation pinpointed the root cause and highlighted weaknesses. Improved operational efficiency (54%), improved decision making (42%) and helping innovation (39%) through digital technologies have been identified. Korea is emerging as one of the fastest growing markets for energy storage systems.
The RP can also serve as a contractual reference document between purchasers and suppliers. The field development comprises an FPSO, a disconnectable turret and moorings system. DNV GL has been to onboard best-of-breed industry domain software. It recommends roles and responsibilities among the parties in the value chain to increase efficiency. Toolbox approach supports a wide variety of asset types and situations across the full energy chain. Special installation tools are needed, often on specialized vessels. Safety, environmental protection, and regulatory compliance are fundamental requirements.
The thinking behind the joint industry project was to increase alignment and predictability of requirements. DNV GL was contracted by the site’s insurer to carry out an independent investigation. It can open the door to repeat projects and the reuse of qualified technology. DNV GL’s history is intertwined with the oceans, which allow to build deep expertise. It can reduce costs and address the perception of technology risk. The oceans are integral to the energy transition. The demands present the global maritime community with opportunities.
Liv A. Hovem, CEO, DNV GL Oil & Gas says “Investment in subsea oil and gas production is growing rapidly”.
Energy storage systems play a vital role in the global energy transition. The investigation allowed the insurer to make an evidence-based pay-out decision. The industry realizes the significant cost efficiencies the technology can bring compared. DNV GL navigate the associated risks and opportunities for our customers. The challenge is that everyone is implementing subsea systems slightly differently. The power failure investigation found that insufficient monitoring. DNV GL has been selected as the Certifying Authority and Classification Society for the project.
It creating the potential for cost inflation in the supply chain. The large share of renewables requires a considerably more flexible energy system. Starting with subsea pumping, this new RP works towards standardizing this sector from the outset. The oceans are of fundamental social and economic importance. The growing threat that packaging waste poses to communities. Decarbonisation and digitalisation are two important trends shaping the maritime industry. The South Korean government is already in the process of reviewing it regulations. It keep costs optimal for the long term.