The oil and gas industry has the opportunity to play an important role in a sustainable energy portfolio. New thinking in the areas of collaboration, technology development and regulation will be key ingredients of success."
Elisabeth Tørstad CEO, DNV GL - Oil & Gas
News and press releases
June 25, 2015 | Oil & Gas | PRESS RELEASERisk-based approach to valve testing in wells could save US$10m annually per assetReducing expenditure while continuing to improve safety and reduce risk is a key driver for the oil and gas industry especially in today’s cost constrained environment. DNV GL and ExproSoft are now joining forces to offer a risk based approach to testing barrier valves in subsea completed wells applicable worldwide. The objective is to reduce both downtime and risk related to shut-in and restart of wells in addition to substantial cost savings.
June 19, 2015 | Oil & Gas | PRESS RELEASEDNV GL research paper shows bright future for subsea processing; Outlines highs and lows towards an ‘all subsea’ solutionDNV GL today launched a research paper exploring the viability of moving offshore oil and gas processing subsea, including the techno-economics of an ‘all subsea’ solution. The report addresses current limitations, but also highlights opportunities for subsea technology.
June 16, 2015 | Oil & Gas | PRESS RELEASENew DNV GL Guideline could save the oil and gas industry more than USD 32 billionThe plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK 870bn) over the next 40 years. Now a new DNV GL guideline will introduce a risk-based approach instead of the current prescriptive practice. DNV GL estimates that when combined with optimized project execution and new technology, the P&A cost can be reduced by 30-50%.