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
18 February 2026
With Texas LNG approaching financial close, Alaska LNG advancing towards a phased buildout and Magnolia LNG positioned for future optionality, Glenfarne CEO Brendan Duval says the coming year will demonstrate how the company’s more focused, owner-operator approach is reshaping LNG infrastructure development in the North America
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
