Oil Producers Moving Toward a Risk-Based Approach for Asset Life Extension
Producers have discovered that a risk-based inspection approach can cut costs if it’s implemented properly, says an OGIQ survey. Now, it’s a matter of increasing the adoption rate.
EIA Short-Term Energy Outlook (STEO)
The following is the December 2017 instalment of the monthly forecast provided by the U.S. Energy Information Administration.
World Energy Markets Observatory
Southeast Asia’s energy markets are demonstrating renewed commitment to create a clean energy landscape for the region in the midst of challenges from rising energy demand and cost pressures. These were the findings from Capgemini’s annual report released today, which for the first time includes a detailed analysis of Southeast Asia’s energy market trends such as for Singapore and Malaysia.
Southeast Asia’s Potential
This report highlights the potential and growth of the region’s players not already covered extensively in our earlier issues. Member countries, such as Myanmar have increased activity exponentially in recent times, and this article provides highlights of their progress.
Bids & Pieces
Scene & Heard
Inspection Planning For Fatigue Cracks
The low oil price and a reduction in newbuilds have driven the integrity of existing assets up the agenda for the oil & gas industry. However, the cost of inspection programmes can be significant, adding to the operational costs. DNV GL has now launched a recommended practice (DNVGL-RP-C210) providing the first international guidance on how to establish a sound basis for in-service inspection planning for fatigue cracks in marine structures. The guidance will save operational costs by using a risk-based approach to identify the ‘hot spots’ requiring inspection. This article is an excerpt of the report by DNV GL.
Splash Zones In-Situ Solutions
Risers and platform legs are subject to severe damage due to environmental conditions which cause corrosion. Composite repairs offer in-situ solutions to combat these issues.