Page 19: of Offshore Engineer Magazine (May/Jun 2025)

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CLASSIFICATION MANAGING RISK & UNCERTAINTY © bomboman / Adobe Stock

THE KEYS TO MANAGING

OFFSHORE ENERGY RISK & UNCERTAINTY

Tese are complex times for the ofshore industry. More than any other point in its history a major shif is taking place as moves are made to adapt to the changing demands of energy markets and society at large. Faced with the challenge of the ‘energy trilemma’ and an increasingly unpredictable geopolitical environment, the need for strategic planning, collaboration, and fexibility is greater than ever.

By Torgeir Sterri, SVP, Director Offshore Classifcation, DNV Maritime

Decarbonization Driving Change Te Evolving Energy Picture

Central to the great changes taking place is the ques- At the same time, a wider and more fundamental shift is tion of decarbonization. The offshore industry contrib- taking place. Oil remains central to the global energy mix, utes signifcantly to global oil and gas industry emissions, and it is estimated that there will be a substantial defcit and the need to reduce these emissions and enhance of oil coming into the 2030s , unless new developments operational effciency has driven the exploration of new materialize. Gas is widely regarded as a bridging fuel for ways to decarbonize. the energy transition, and global demand has never been

From electrifcation of offshore platforms to the adop- higher, prompting increased investment in offshore assets tion of renewable energy solutions, the industry is embrac- such as FPSOs.

ing innovation to achieve its sustainability and perfor- That we are witnessing a shift towards renewable energy mance objectives. sources is clear, however.

This is being enhanced by digitalization. A digital Offshore wind production continues to rise. For exam- revolution is taking place as novel technologies and ple, DNV’s ‘North Sea Forecast: Ocean’s Future to 2050’ data-driven solutions enable new ways of working, en- report, highlights the rapid growth of offshore wind in the hancing safety, reliability, and effciency, while also driv- North Sea, projected to claim 9% of the North Sea space ing cost savings. by 2050, compared to under 2% this year.

MAY/JUNE 2025 OFFSHORE ENGINEER 19