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Surging demand for valves and actuators
Rising demand from diverse process industries supports steady growth in global valves and actuators market
UK subsea oil and gas sector grows by almost 30 per cent
Some 800 companies, providing direct employment for around 30,000, are involved in the UK subsea sector
Oil price hike ups demand for CNG/LPG cars
The recent hike in oil prices in India has led to a sudden increase in demand for CNG/LPG cars, says Datamonitor
Energy skills shortage: a boardroom issue
Sector has registered steady decline in recruits, especially those with science, engineering and technicalskills, says Energy Institute
Oil lease auction ‘threatens polar bears’
Oil companies and the US government are effectively seeking to make a profit from the potential demise of a species, says WWF
First major Kuwaiti gas project delayed again
Need for production from non-associated gas field is becoming acute as the country suffers severe electricity shortages 
Developing standards for Carbon capture

Proper standards and best practices for capture, transmission and storage of CO2, as well as adequate qualification procedures do not currently exist in the oil and gas industry. In order to develop these important guidelines and standards, Det Norske Veritas (DNV) is inviting international industry leaders and key stakeholders to join three Joint Industry Projects. These projects aim to provide a path forward for the industrial opportunity on Carbon Capture and Storage (CCS).
The outcome from the projects will provide international standards, methodologies, and guidelines that will form the basis for industrial agreements, and become valuable input to implementation of national requirements. The new standards aim to facilitate and speed up CCS project development, decision processes and ongoing regulatory development, both in Europe and worldwide. The key challenges the projects will address include how to store CO2 in sub-seabed formations in a safe manner, how to qualify CO2 storage projects and new CO2 capture technology, and what should be the industrial standard for transmission of CO2 in pipelines. Industrial standards and best practices addressing these challenges do not currently exist.
“By facilitating these projects on capture, transmission, and storage of CO2, DNV is contributing to the removal of several important barriers in order to realize the full vision of CCS,” says Hans Axel Bratfos, head of DNV’s Cleaner Energy department.

For more information, visit www.dnv.com