DNV GL Research Forecasts Oil and Gas Capex and R&D Spending Boosts in 2018, but Industry Still Promises to Keep a Cap on Costs
Industry confidence has increased much faster than the oil price, as two-thirds of senior professionals globally plan to maintain or increase capital spending in 2018. 36% expect to increase investment in R&D and innovation – the highest level recorded in four years. Efficiency remains a priority, however, as half of …
DNV GL: Liv Hovem Appointed as the New Oil & Gas CEO
DNV GL has appointed Liv Hovem as the new CEO of its Oil & Gas business area. Starting 1 January 2018, Hovem will report to Group President and CEO Remi Eriksen. Liv Hovem will take over as CEO of DNV GL’s Oil & Gas business area, which provides integrated technical …
GNV GL: Gas to Become Worlds Primary Energy Source by 2035
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in 2050, compared to 53% today. Gas …
DNV GL: 49% of Senior Managers Expect Companies to Diversify
New research by DNV GL, the technical advisor to the oil and gas industry, shows oil and gas companies seeking to rebalance business portfolios and reorganizing for a new era. In a period of drawn-out recovery, almost half (49%) of senior oil and gas professionals surveyed expect their businesses to …
DNV GL: Moderate Investment in Big Data Despite Potentinal with Oil and Gaz
INDUSTRY CAUGHT IN BIG DATA CATCH 22, SAYS DNV GL– Only one in five oil and gas companies see themselves as highly digitalized today. However, close to half of senior oil & gas professionals1 (45%) already see solid or high potential for big data and analytics to transform the operating …
DNV GL: Calls for Technologies to Reduce the Costs of Barents Sea Developments
OG21 today received the DNV GL study of technologies that should be developed for year-round oil and gas production at 74 degrees North in the Norwegian Barents Sea. New licenses are due to be awarded in this area as part of the Norwegian 23rd licensing round. The report concludes that …
DNV GL: Launches BOP Decision Support Retrieval Support Tool
Retrieving an unreliable blowout preventer (BOP) is a necessary but expensive operation, costing upwards of one or two million dollars and easily the double in developing ultra-deepwater regions. It is also the main cause of downtime during drilling activity. DNV GL is introducing the BOP▪RDT, a real-time, risk-informed BOP retrieval …
DNV GL: Combines Tools to Aid Operational Perfromance in Rotating Equipment
Many pieces of rotating equipment are operating below optimum capacity, affecting production costs, revenues and resulting in unexpected down time. DNV GL has been working together with operators to help unlock the potential of their existing rotating equipment. Chris Dagnall, Manager, Rotating Machinery Group, DNV GL says “Rotating equipment can …
Polarcus: Expands Environmental Accreditations with DNV GL
Polarcus has recently completed a comprehensive verification process in collaboration with specialists from DNV GL, the international certification body and classification society, to review and audit the company’s procedures, methodology, data and calculations, software architecture, and technical documentation related to Polarcus’ emissions monitoring and reporting systems. This successful audit has …
DNV GL: Joins Forces with ExproSoft to Offer Risk Based Subsea Valve Testing
Reducing 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. …