Global energy consumption levels are accelerating. With no major changes to the present energy policy, the world’s CO2 emissions will have increased by a factor of 2.5 by 2050. Politicians and executives are realising the threatening scenarios this increase entails.
However, as the director of the International Energy Agency, Claude Mandil, underlines in this edition of DNV Forum: there is no single solution for a sustainable energy future. A broad approach and portfolio are needed and diversification is the key.
To meet the surging world demand for energy, companies are striving to bring to life innovative ways of developing new oil and gas fields. Alternative sources, renewable energies and energy efficiency are topics high on the agenda. Pioneering projects are exploring new technologies across the energy spectrum with the aim of obtaining a sustainable energy mix.
In this demanding business environment, companies with a superior ability to source and deploy new technology will have a competitive edge. To achieve such a position, risk management is paramount. In DNV, we are experiencing an industry-wide increased need for a deeper understanding of critical risk factors and subsequently a growing demand for risk management services. Zero tolerance for failure and increased focus on Corporate Social Responsibility are societal expectations adding to the complexity.
To help the whole energy spectrum to manage risk, DNV has now established a new business area – DNV Energy – which combines the energy expertise to be found throughout our organisation. We have supported the oil and gas industry since the very beginning of the oil exploration in the North Sea. We believe the industry appreciates long-term involvement, ensuring experience and documentation beyond what short-term subcontractors can provide.
By drawing on our combined forces and our understanding of a rapidly changing market, we hope to make a difference by helping our customers in the global energy market to succeed.
Henrik O. Madsen
President and Chief Executive Officer
Date: 25 August 2006