Subscribe to our Mailing Lists (It's free!)
Monday, September 25, 2023
SAFETY4SEA
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Explosion leads to crew evacuation in the Romanian port of Sulina

    Explosion leads to crew evacuation in the Romanian port of Sulina

    NTSB Investigation: Grounding of tugboat CC Portland

    NTSB Investigation: Grounding of tugboat CC Portland

    BMA Investigation: Seafarer suffers fatal injuries during mooring

    BMA Investigation: Seafarer suffers fatal injuries during mooring

    Gard: How use of mooring lines affects crew’s life

    Gard: How use of mooring lines affects crew’s life

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Practicing gratitude can change your life

    Practicing gratitude can change your life

    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

    social media detox

    Stay SEAFiT: Time for social media detox

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    symphony of the seas

    Royal Caribbean Group conducts 12 weeks of biofuel testing

    Watch: How shipping helps Apple reduce 95% of transport emissions

    Watch: How shipping helps Apple reduce 95% of transport emissions

    Samsung Heavy Industries creates world’s first laser, high-speed welding robot

    Samsung Heavy Industries creates world’s first laser, high-speed welding robot

    California launches international methane-reduction initiative

    California launches international methane-reduction initiative

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart

    K Line, TIS, Miotsukushi to develop AI-powered automatic draft survey application

    Hapag-Lloyd focuses on enhanced connectivity onboard

    Hapag-Lloyd focuses on enhanced connectivity onboard

    BV eyes data-driven decarbonization solutions

    BV eyes data-driven decarbonization solutions

    Delivering for the seafarer of tomorrow

    IGP&I: Electronic Trade Documents Act comes into force in the UK

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    ClassNK amends its rules on construction of steel ships

    Liberia: How to comply with PSC focus on firefighting and clean machinery spaces

    orange county oil spill fines

    Crude oil tanker to pay 88 crores for damaging Haldia oil jetty

    China conducts ballast water inspections to vessels arriving from Japan

    China conducts ballast water inspections to vessels arriving from Japan

    M/V “HAKSA” refused access to the Paris MoU

    M/V “HAKSA” refused access to the Paris MoU

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Baltic Exchange: Maritime market highlights 2-8 April

    Baltic Exchange: Maritime market highlights 18 – 22 September

    offshore wind installation vessels

    Allianz: Prominent risks in the offshore wind industry

    Singapore is the top maritime centre for 10 consecutive years

    Singapore is the top maritime centre for 10 consecutive years

    Global bunker supplier complies with carbon reduction criteria

    Global bunker supplier complies with carbon reduction criteria

  • Columns
    Seafarer Stories: Capt. Cristian Bacanu, Master

    Seafarer Stories: Capt. Cristian Bacanu, Master

    Wellness Corner: Tom O’Hare, Mission to Seafarers

    Wellness Corner: Tom O’Hare, Mission to Seafarers

    AMSA: Seafarers must have a voice in shaping shipping’s future

    MNWB: Seafarers’ needs are no different to anyone else’s needs

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
  • Home
  • Safety
    • All
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
    Explosion leads to crew evacuation in the Romanian port of Sulina

    Explosion leads to crew evacuation in the Romanian port of Sulina

    NTSB Investigation: Grounding of tugboat CC Portland

    NTSB Investigation: Grounding of tugboat CC Portland

    BMA Investigation: Seafarer suffers fatal injuries during mooring

    BMA Investigation: Seafarer suffers fatal injuries during mooring

    Gard: How use of mooring lines affects crew’s life

    Gard: How use of mooring lines affects crew’s life

  • SEAFiT
    • All
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
    Practicing gratitude can change your life

    Practicing gratitude can change your life

    Always do what your gut tells you: Keep it healthy

    Always do what your gut tells you: Keep it healthy

    Book Review: A role model for ship managers

    Book Review: How we perceive and deal with luck in life and business

    social media detox

    Stay SEAFiT: Time for social media detox

  • Green
    • All
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
    symphony of the seas

    Royal Caribbean Group conducts 12 weeks of biofuel testing

    Watch: How shipping helps Apple reduce 95% of transport emissions

    Watch: How shipping helps Apple reduce 95% of transport emissions

    Samsung Heavy Industries creates world’s first laser, high-speed welding robot

    Samsung Heavy Industries creates world’s first laser, high-speed welding robot

    California launches international methane-reduction initiative

    California launches international methane-reduction initiative

  • Smart
    • All
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart

    K Line, TIS, Miotsukushi to develop AI-powered automatic draft survey application

    Hapag-Lloyd focuses on enhanced connectivity onboard

    Hapag-Lloyd focuses on enhanced connectivity onboard

    BV eyes data-driven decarbonization solutions

    BV eyes data-driven decarbonization solutions

    Delivering for the seafarer of tomorrow

    IGP&I: Electronic Trade Documents Act comes into force in the UK

  • Risk
    • All
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
    ClassNK amends its rules on construction of steel ships

    Liberia: How to comply with PSC focus on firefighting and clean machinery spaces

    orange county oil spill fines

    Crude oil tanker to pay 88 crores for damaging Haldia oil jetty

    China conducts ballast water inspections to vessels arriving from Japan

    China conducts ballast water inspections to vessels arriving from Japan

    M/V “HAKSA” refused access to the Paris MoU

    M/V “HAKSA” refused access to the Paris MoU

  • Others
    • All
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
    Baltic Exchange: Maritime market highlights 2-8 April

    Baltic Exchange: Maritime market highlights 18 – 22 September

    offshore wind installation vessels

    Allianz: Prominent risks in the offshore wind industry

    Singapore is the top maritime centre for 10 consecutive years

    Singapore is the top maritime centre for 10 consecutive years

    Global bunker supplier complies with carbon reduction criteria

    Global bunker supplier complies with carbon reduction criteria

  • Columns
    Seafarer Stories: Capt. Cristian Bacanu, Master

    Seafarer Stories: Capt. Cristian Bacanu, Master

    Wellness Corner: Tom O’Hare, Mission to Seafarers

    Wellness Corner: Tom O’Hare, Mission to Seafarers

    AMSA: Seafarers must have a voice in shaping shipping’s future

    MNWB: Seafarers’ needs are no different to anyone else’s needs

    Trending Tags

    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • Events
  • Plus
No Result
View All Result
SAFETY4SEA

64% of oil and gas leaders invest on gas projects in 2018

by The Editorial Team
June 26, 2018
in Fuels
gas investment in 2018

Image hereabove is used for illustration purposes only

FacebookTwitterEmailLinkedin

Nearly two-thirds (64%) of oil and gas sector leaders expect to increase or sustain spending on gas projects in 2018, as the sector prepares for gas to overtake oil as the world’s primary energy source in the mid-2030s, according to a survey by DNV GL, which reveals a growing confidence in the case for gas.

The findings appear in DNV GL’s 2017 Energy Transition Outlook ‘Transition in Motion‘. It reveals the primary driver for investment in natural gas and LNG projects this year is the global energy transition. The pace of the oil and gas industry’s intentions to lower carbon emissions differs by region, however. Namely:

  • 86% of the 813 senior industry professionals surveyed agree that gas – the least carbon-intensive fossil fuel – will play an increasingly important role in the global energy mix over the next decade, up from 77% last year.
  • Just a third of survey respondents in North America (33%) say that their company is actively preparing for the shift to a lower carbon energy mix this year, compared to more than half (51%) in Middle East and North Africa.
  • Demand for gas will peak in the mid-2030s, well after the use of each of the other fossil fuels has gone into long-term decline.
  • The industry’s intentions for increasing gas investments will accelerate in the early-2020s as major oil companies decarbonize their business portfolios.
  • Nearly a quarter (24%) believe that onshore pipeline projects currently in development are adaptable enough to cope with potential long-term changes in the gas mix, such as greater variety of calorific values, hydrogen and biogas.
  • 13% disagree
  • 72% believe that, as traditional coal energy generation becomes obsolete over the coming decades, the long-term attractiveness of gas will significantly improve
  • The number of respondents stating that traditional oil and gas prices will decouple in the long-term has increased from 45% in 2017 to 55% this year.

Liv Hovem, CEO, DNV GL- Oil & Gas, stated:

Our research affirms that the industry is already taking positive steps to secure the important role we forecast gas to play in helping to meet future, lower-carbon energy requirements. Significant investment will be needed in the gas industry over the coming decades to increase capacity, transform assets to source and transport a decarbonized mix of energies, and to safely build and maintain the infrastructure needed to connect emerging supply regions with evolving demand centres.

Power generation is predicted to be the primary consumer of gas in most regions, though manufacturing could demand similar volumes in emerging markets.

RelatedNews

Allianz: Prominent risks in the offshore wind industry

Singapore is the top maritime centre for 10 consecutive years

DNV GL’s 2017 Energy Transition Outlook suggests that North East Eurasia and the Middle East and North Africa will increase gas output towards 2040 at least, overtaking North America as the world’s largest gas producer. Production is also forecast to double in China, the Indian Subcontinent and South East Asia.

Tags: DNVenergy managementenergy outlookgas carriersoil and gas industryreportstrends
Previous Post

Migrants from Maersk container ship disembark in Sicily

Next Post

A Whale of a tale: Protecting whales in busy waterways

Related News

uae saudi arabia maritime training
Maritime Health

ISWAN: Mental health contacts in seafarer helplines increased by 37%

September 20, 2023
WinGD, KSS Line collaborate for ammonia-fuelled gas carriers
Green Shipping

WinGD, KSS Line collaborate for ammonia-fuelled gas carriers

September 20, 2023
IUMI presents trends and threats in the maritime industry
Shipping

IUMI presents trends and threats in the maritime industry

September 20, 2023
IUMI: Insurance provides strength and stability in turbulent seas
Shipping

IUMI: Insurance provides strength and stability in turbulent seas

September 18, 2023
Watch: At least 30% of the oceans must be protected by 2030
Sustainability

Watch: At least 30% of the oceans must be protected by 2030

September 18, 2023
DNV: GHG regulations to drive the demand for carbon-neutral fuels
Fuels

DNV: GHG regulations to drive the demand for carbon-neutral fuels

September 18, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

NATO phonetic alphabet

Do you know what NATO phonetic alphabet is?

November 24, 2020
singapore border measures

Do you know what GT and DWT measure in a ship?

November 10, 2021
MARITIME EVENTS

Explore

  • Safety
  • SEAFiT
  • Green
  • Smart
  • Risk
  • Others
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

Useful Links

  • About
  • Disclaimer
  • Editorial Policies
  • Advertising
  • Content Marketing
  • Contact

© 2021 SAFETY4SEA

No Result
View All Result
  • Safety
    • Accidents
    • Alerts
    • Loss Prevention
    • Maritime Health
    • Regulation
    • Safety
    • Seafarers
    • Security
  • SEAFiT
    • Intellectual
    • Mental
    • Physical
    • Social
    • Spiritual
  • Green
    • Arctic
    • Ballast
    • Emissions
    • Fuels
    • Green Shipping
    • Pollution
    • Ship Recycling
    • Technology
  • Smart
    • Connectivity
    • Cyber Security
    • E-navigation
    • Energy Efficiency
    • Maritime Software
    • Smart
  • Risk
    • CIC
    • Detentions
    • Fines
    • PSC Case Studies
    • PSC Focus
    • Vetting
  • Others
    • Diversity in shipping
    • Maritime Knowledge
    • Offshore
    • Ports
    • Reports
    • Shipping
    • Sustainability
    • Videos
  • Columns
    • Opinions
    • Book Review
    • Career Paths
    • Industry Voices
    • Interviews
    • Maripedia
    • Maritime History
    • Resilience
    • Seafarers Stories
    • SeaSense
    • Wellness Corner
  • SAFETY4SEA Events
  • SAFETY4SEA Plus Subscription

© 2021 SAFETY4SEA

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Disclaimer.