Oil Demand Seen Peaking by 2023 While Climate Targets Missed, DNV GL Report Shows

By Kelly Gilblom (Bloomberg) -- Within 20 years, oil use will have long since peaked, renewables and natural gas will account for about half of energy supply and the cost of keeping the lights on will plummet. But that still won’t be enough to meet climate goals, according to a forecast from energy and maritime services company DNV GL Group AS. Even with crude oil demand … [Read more...]

China Ranks as Top Maritime Nation in the World, Report Says

China is the world's top shipping nation, followed by United States and Japan in the second and third spots, respectively, according to a new report released this week DNV GL and Menon Economics. The report, titled “The Leading Maritime Nations of the World”, was presented at the SMM trade fair in Hamburg, Germany. The study benchmarks the 30 leading maritime nations … [Read more...]

DNV GL: Oil and Gas Industry Execs Predict ‘Step Change’ for Market in 2018

The oil and gas industry is finally shows signs of rebound more than three years since global oil prices crashed, with senior oil and gas executives expecting a 'step change' in the industry’s capex, opex and R&D spending levels in 2018, according to new research from DNV GL. The positive outlook was released Thursday as part of DNV GL's eighth annual oil and gas report, … [Read more...]

DNV GL delivers cost saving alternatives with remote surveillance for subsea equipment manufacturing

The oil price collapse of 2014 triggered a wave of cost reduction among upstream businesses. Global oil and gas companies slashed capital expenditures by about 40% between 2014 and 2016. This delivered a clear message: everyone in the supply chain must advance cost reduction strategies for the offshore industry in order to remain competitive. With innovation and cost savings … [Read more...]