Crews isolated a ruptured 14 in. The World Energy Outlook series is a leading source of strategic insight on the future of energy and energy-related emissions, providing detailed scenarios that map out the consequences of different energy policy and investment choices.. — Jul 1, 2019. DNVGL.com uses cookies to give you the best possible experience on our site. The industry needs to prepare for an energy system that does not accept the release of carbon emissions,” said Liv A. Hovem, CEO, DNV GL – Oil & Gas.

DNV GL’s Energy Transition Outlook 2020 provides an independent forecast of developments in the world energy mix to 2050. Register for free today ».

As the projections presented here were all generated well before the onset of COVID-19, they do not reflect the unprecedented global changes that have occurred in recent months. “Pressure is increasing on the oil and gas industry to decarbonise, and this is coming from all sides: from society and governments, from investors, and also from people within the oil and gas industry. Hydrogen and carbon capture and storage (CCS) have the potential to decarbonise fossil fuels more deeply.

Deep decarbonisation of the world’s energy system is still 15 years away, with carbon emissions set to remain stubbornly high until the mid-2030s, according to a new forecast of the energy transition by DNV GL. Solar power has grown from supplying less than 0.01% of the world’s electricity in 2008 to more than 2% in 2018. World Economic Outlook Update, June 2020: A Crisis Like No Other, An Uncertain Recovery June 24, 2020 Description: Global growth is projected at –4.9 percent in 2020, 1.9 percentage points below the April 2020 World Economic Outlook (WEO) forecast. Global energy consumption has grown rapidly over the past century, driven by an expanding population and increasing prosperity.

By browsing the site you agree to our use of cookies. By 2040, multiple scenarios project that solar will provide over 20% of the world’s electricity. By the end of the webinar, you’ll recognise how determining corrosion growth rates can help you manage integrity activities and develop actions to slow or negate the growth.

— May 20, 2020. World Pipelines, At the same time, rising fossil fuel consumption is the leading cause of global climate change and creates other major environmental challenges. DNV GL's Energy Transition Outlook is an independent, model-based forecast of the world's most likely energy future through to 2050, In the face of a global pandemic, our independent, model-based forecast of the world's energy system through to 2050 is needed more than ever, Enhancing the decision-making of shipowners as they navigate the technological, regulatory and market uncertainties surrounding decarbonization, Implications for key stakeholders involved in electricity generation, electricity transmission and distribution, and energy use, The demand, supply, and investment forecast for hydrocarbons to 2050, with commentary on key trends. Global Energy Outlook 2020: Energy Transition or Energy Addition? Data Tool Report Read the article online at: https://www.worldpipelines.com/business-news/08092020/dnv-gls-endnv-gls-energy-transition-outlook-2020/, The webinar will incorporate two case studies that illustrate threat identification. DNV GL notes that while there are limited options to reduce emissions from oil consumption, other than shifting to another energy source, natural gas consumption can be decarbonised through deploying CCS technology. World Oil Supply And Price Outlook, July 2020 Posted on July 14, 2020 by Robert Boslego The Energy Information Administration released its Short-Term Energy Outlook for July, and it shows that OECD oil inventories likely bottomed in this cycle in June 2018 at 2.804 billion barrels. However, throughout the paper, we have added discussion boxes to address how COVID-19 might affect the projections presented, particularly in the short run. Stark differences in fossil fuel consumption mark the energy divide across the global East (Asia-Pacific, Africa, and the Middle East) and global West (the Americas, Europe, and Eurasia). Much of this supply will come from natural gas, as it becomes the world’s largest energy source from the mid-2020s. Editor Get started absolutely FREE in 2 minutes, no credit card required. A discussion on the implications of the coronavirus pandemic for the global energy system. Email: enquiries@worldpipelines.com. We use cookies to provide you with a better service. Richard Newell, Daniel Raimi, Seth Villanueva, and Brian Prest The Global Energy Outlook (GEO) provides a unique “apples-to-apples” comparison of global energy projections by leading international organizations and corporations. The Global Energy Outlook (GEO) provides a unique “apples-to-apples” comparison of global energy projections by leading international organizations and corporations. For full functionality of this site it is necessary to enable JavaScript. Commitments made by oil and gas companies indicate that emissions reductions in the short term will come largely from efforts to decarbonise oil and gas production. NGL pipeline while product continued to flare off, enabling repair while the system remained in service.

Decarbonised and green gasses could have a bright future following the transformation enabled by hydrogen and CCS, complementing increased use of renewable electricity, battery technology and alternative low-carbon fuels such as ammonia to provide societies with a secure, affordable supply of clean energy. The IEA estimates that emissions could fall by roughly 8% this year, returning to their 2010 levels. In a dedicated oil and gas report, DNV GL presents the demand, supply, and investment forecast for hydrocarbons and decarbonised and green gases to 2050, and focuses on the outlook for decarbonising the oil and gas industry. However, absent substantial changes in public policies to address climate change, a return to economic growth likely means a return to emissions growth. — But uncertainty abounds: future GDP and energy trends are uncertain long term, with recent research suggesting that the range of economic growth paths considered by most energy outlooks is far more narrow than the historical record suggests. Published by

DNV GL points to policies in Europe, China and North America that will create the impetus for scaling hydrogen and other low-carbon fuels, and propel recognition that scaling CCS will be essential to meet climate targets.

The transformation to decarbonising gas will not scale for another 15 years, and only really gets going in the 2040s. “The transition to renewables and efforts to cut carbon intensity will significantly reduce emissions, but they will not deeply decarbonize natural gas, which the world’s energy system will depend upon for years to come.

You can click “Close” to remove this message. Public energy policies are key, not just in setting out the path for the world and the oil and gas industry to decarbonise, but also in deciding how quickly it heads down that path.
In a dedicated oil and gas report, DNV GL presents the demand, supply, and investment forecast for hydrocarbons and decarbonised and green gases to 2050, and focuses on the outlook for decarbonising the oil and gas industry.

DNV GL’s Energy Transition Outlook 2020 provides an independent forecast of developments in the world energy mix to 2050.

It provides insight into the range of potential futures for energy at global, regional, and national levels, with projections varying due to distinct assumptions regarding energy technologies and public policies. DNV GL's Energy Transition Outlook is an independent, model-based forecast of the world's most likely energy future through to 2050. [WEBINAR] Face the Future: Corrosion Growth Analysis, From Data to Action. Tuesday, 08 September 2020 20:00. World Energy Outlook Series zWorld Energy Outlook 1998 zWorld Energy Outlook 1999 Insights: Looking at Energy Subsidies: Getting the Prices Right zWorld Energy Outlook 2000 zWorld Energy Outlook 2001 Insights: Assessing Today’s Supplies to Fuel Tomorrow’s Growth zWorld Energy Outlook 2002 (2nd edition issued) zWorld Energy Outlook 2003 Insights: Global Energy Investment Outlook instructions how to enable JavaScript in your web browser. For more information or disabling cookies, please visit our cookie settings page. Carry on browsing if you're happy with this, or find out more. It is only by removing the carbon from natural gas – before or after combustion – that the oil and gas industry can deeply decarbonise, reaching hard-to-abate sectors throughout the value chain,” said Hovem.

Over the next 20 years, most Ambitious Climate scenarios suggest that emissions will need to decline at roughly the same rate to align with international climate goals.

TDW isolates burning natural gas liquids pipeline for repair following third-party strike. The International Energy Agency (IEA) estimates that primary energy demand in 2020 could decline for oil (–9%), coal (–8%), natural gas (–5%), and nuclear (–2%), while renewables would grow by 1%. These technologies could transform the oil and gas industry’s ability to remove significant amounts of carbon emissions. Become a member » The oil and gas industry will account for more than 80% of world energy-related carbon emissions in 2050. These “additions” to the global energy system reflect broadly positive trends of higher living standards, decreasing global poverty, and longer livelihoods. Energy Transition Outlook 2020. — May 20, 2020. To address these challenges, the global energy system will need to undergo a clean energy transition, whereby sources of energy that emit greenhouse gases are replaced by increasingly cleaner sources.

The energy transition DNV GL forecasts is still nowhere near fast enough to deliver on the COP 21 Paris Agreement – which aims to keep global warming to ‘well below 2°C’ and to limit the increase to 1.5°C.

This includes so-called ‘scope 3 emissions’, which include all emissions from combustion or use of oil and gas products. RFF Live Ultimately, these policies could transform the oil and gas industry into the decarboniser of hydrocarbons and supplier of carbon capture and storage.

With commentary on the implications of the COVID-19 pandemic, the RFF Global Energy Outlook provides a review of global energy market projections by leading international energy organizations and corporations.

Save to read list The webinar will incorporate two case studies that illustrate threat identification. These projections suggest that the world may be on the cusp of its first true energy transition, but also that more ambitious public policies and technological innovations are needed to satisfy the energy demands of the world’s growing population while also achieving long-term environmental goals.
Embed article link: (copy the HTML code below): This content is available to members only. FULL REPORT ONLY AVAILABLE IN ENGLISH - EXECUTIVE SUMMARY AVAILABLE FREE OF CHARGE IN 12 LANGUAGES . In 2050, DNV GL expects that the industry will broadly not be measured on carbon emissions per barrel of oil or gas it has produced, as is the default today, but by lifecycle emissions per barrel of oil or gas consumed. Download now.


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