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
10 March 2026
From Venezuela to Hormuz, the US—backed by the most powerful military force ever assembled—is redrawing not only oil and gas flows but also the global balance of energy power
10 March 2026
By shutting the Strait of Hormuz, Iran has cut exports of distillate-rich Middle Eastern crude, jet fuel and diesel, and is holding the energy market hostage
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
