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...first test of StatoilHydro's newfound unity is playing out in Russia. The company is in talks with Gazprom, Russia's state-owned energy company, about securing a role in developing Shtokman, a vast gas field in the Barents Sea. French rival Total earlier this year secured a partnership role through a share in a specially created company that'll own the project's infrastructure; the remaining 24% stake in that company is still up for grabs...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

Take Ormen Lange, the name of the deep-sea field 75 miles (120 km) from Nyhamna. Hover over the sea above the enormous gas reservoir and you won't see a rig. Instead, the company overcame under-water peaks, subzero temperatures and powerful currents to build extraction installations directly on the seabed half a mile (1 km) below the surface. In a couple of hours extracted gas reaches the Nyhamna plant, where it's processed and sent to the U.K. via the world's longest underwater pipeline (it's a trip that can take as little as two days...

Author: /time Magazine | Title: Northern Might | 10/11/2007 | See Source »

...show with a video of an artist painting a canvas with flowers. The models appeared in dresses of hand-painted organza. Although there was no direct collaboration, the brilliant layers of opaque color that Raf Simons created for the Jil Sander show looked like an homage to the color-field works of painters like Mark Rothko and Ellsworth Kelly...

Author: /time Magazine | Title: Art Lessons | 10/11/2007 | See Source »

...result of a pipeline throwing off a naturally occurring electrical charge. But cathodic protection creates a countercurrent, which flows from an anode placed near the pipeline, through the soil and directly onto the pipeline itself, effectively zapping the initial corrosion-making charge. As long as the new force field is operational, corrosion can be kept at bay indefinitely. That's good news. In 2002 a congressionally mandated study, titled "Corrosion Costs and Preventive Strategies in the United States," estimated that the annual cost of corrosion on large-diameter highpressure pipelines was about $7 billion, representing lost capital, repair...

Author: /time Magazine | Title: Pipe Dream | 10/11/2007 | See Source »

...runs for 50 miles and ties into a much larger pipeline grid heading up the East Coast. And in Hugoton, Kans., Schutt's team recently completed a job it had begun two years ago for BP. "The pipelines weren't damaged, but there wasn't enough of a force field on them," he says. Currently, Matcor's work is about 75% domestic, but it's looking to grow globally. One client is a Chilean company that distributes natural gas throughout Santiago. "They had us do an American-style integrity-management review of their pipeline, because they want to adopt...

Author: /time Magazine | Title: Pipe Dream | 10/11/2007 | See Source »

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