Liv Hovem, chief executive of DNV GL's oil and gas business
Industry optimism is on the rise, but so are costs
The oil and gas sector feels better able to survive oil price volatility, DNV GL’s boss tells Petroleum Economist, as long as spending is kept under control
The boom days may be over, but the oil and gas industry has emerged from the oil-price slump leaner, fitter and in a better position to cope with future volatility in the sector, says Liv Hovem, chief executive of DNV GL's oil and gas business. As a provider of testing, certification and advisory services, the Oslo-headquartered company is well placed to take the pulse of the industry. The regular surveys it carries out across the sector, along with analysis of demand patterns for its own services, give a good idea of current trends. DNV GL's latest report, an annual outlook for the oil and gas industry, suggests optimism is returning for both operators and suppliers. A survey of 791 senior
Also in this section
24 January 2025
Domestic companies in Nigeria and other African jurisdictions are buying assets from existing majors they view as more likely to deliver production upside under their stewardship
23 January 2025
The end of transit, though widely anticipated, leaves Europe paying a third more for gas than a year ago and greatly exposed to supply shocks
23 January 2025
The country’s government and E&P companies are leaving no stone unturned in their quest to increase domestic crude output as BP–ONGC tie-up leads the way
22 January 2025
The return of Donald Trump gives further evidence of ‘big oil’ as an investable asset, with the only question being whether anyone is really surprised
