Abu Dhabi, United Arab Emirates, 15 November 2018: The world will need less energy from the 2030s onwards, but it will still require a significant amount of oil and gas in the lead-up to mid-century according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050.

Oslo, Norway, 24 October 2018: DNV GL predicts faster, leaner and cleaner oil and gas production techniques to emerge over the coming decades as the industry adapts to the unfolding energy transition. The technical advisor to the sector sees fossil fuel production needing to become more socially conscious and cost-competitive against an increasing share of renewables in the global energy mix in the coming decades.