DNV: Oil & gas witnessing confidence resurgence while energy transition price tag hampers net-zero aspirations

(Offshore-energy.biz) As looming political uncertainty prepares the world for the incoming tsunami of elections, optimism still runs strong in the energy industry, especially within the oil and gas sector. While rising costs and supply chain disruptions are putting at risk the viability of many projects and dampening the short-term optimism for electrification and renewables, a new survey from DNV, a risk management and assurance provider, pinpoints the cost of the energy transition as the biggest barrier to meeting the net zero targets.

DNV’s recent annual ‘Industry Insight’ survey shows optimism within the energy sector, despite prevailing caution, with 73% of senior energy professionals expressing confidence in the industry’s growth trajectory for the upcoming year, a figure that has remained steady at around 74% since 2022, reflecting a resolute stance amid turbulence. 

This survey outlines that the oil and gas sector is witnessing a resurgence in confidence, reflecting what is said to be the industry’s pivotal role in meeting global energy demand while navigating the transition to cleaner fuels.

Read full article: https://www.offshore-energy.biz/dnv-oil-gas-witnessing-confidence-resurgence-while-energy-transition-price-tag-hampers-net-zero-aspirations/