DNV GL Opens New Office in Malaysia
Norway's DNV GL announced Tuesday that to meet the growing demand in Asia, the company has opened a new office in Malaysia. The official opening of the office coincided with the company’s celebration of a double milestone: 150 years of proud history as a world leader in classification and technical assurance services and its first year as a newly merged company.
"According to the OECD, growth in the Emerging Asian economies (South East Asia, China and India) is expected to be a robust 6.9 percent for the 2014-18 period. Registering a 6.4 percent growth in 2Q of 2014, Malaysia has a well-diversified economy, with major contributors coming from export-driven service and manufacturing industries as well as the mining and agricultural sectors. The country is a key driver of offshore investments and is building substantial offshore infrastructure. Adopting strategies for sustainable development, the Malaysian government plans to develop an energy-efficient, diversified and sustainable energy mix for the future. All of which offers a very positive outlook for DNV GL. We've been in Malaysia for over 30 years and our commitment stays firm,” said Elisabeth Torstad, CEO DNV GL Oil & Gas.
DNV GL Malaysia’s move of its merged entities into its new Malaysian headquarters is evidence of this commitment. The new eco-friendly office over three floors will house DNV GL's four core business areas – Maritime, Oil & Gas, Energy and Business Assurance - under one roof. This will create greater synergies and provide more integrated service offerings to customers. The new location in Menara Prestige, at the heart of Kuala Lumpur’s Golden Triangle, accommodates 250 employees from both legacy DNV and legacy GL.
As part of the 150th anniversary celebrations and the official opening of its office, DNV GL held a dialogue with key industry players on the technologies that are transforming Malaysia’s energy landscape.
“One important industry trend is the drive towards a sustainable energy future. DNV GL has always been at the forefront of technology. We're constantly working with our partners in joint industry projects, gathering industry stakeholders to work together and support the industry in transforming technology into solutions for a safe and sustainable future,” Torstad said at the event.
In 2013, the DNV GL Group had revenue of approximately $2.5 billion (NOK 15 billion) and an operating profit of approximately $230 million (NOK 1.2 billion).
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Brand Finance Ranks Most Valuable, Strongest Oil and Gas Brands
- Canacol Makes New Gas Discovery in Colombia's Magdalena Basin
- Egypt Plans to Meet Summer Fuel Needs with LNG Imports
- FortisBC Denies Gas Greenwashing as Suit Awaits
- Credit Agricole Helps NGP Secure Funds for Fishery-Solar Projects in Taiwan
- Oil and Gas Executives Predict WTI Oil Price
- Industry Protests Proposed Methane Fee Guidelines for O&G Facilities in US
- Exxon, Cnooc Merge Guyana Arbitration Claims Against Chevron
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- USA Oil and Gas Job Figures Jump
- Blockchain Demands Attention in Oil and Gas
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension