Seven technologies to salvage the oil industry

The offshore industry will need to reduce its costs significantly and become more environmentally friendly in order to get back on a profitable course. Classification bureau DNV GL recommends seven technologies that can help the industry in this transition.

Photo: COSL

The international offshore sectors has been through a nightmare year.

On the short term, a massive oversupply has forced the oil price down to rock bottom, while the industry on the long term will be challenged by the transition towards alternative green energy sources such as solar and wind power.

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