News | DW Monday

DW Monday: Vessel Contractors – Re-shaping for the Rebound

Posted on March 6, 2017

The announcement on the 28th February of EMAS Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015. Multiple companies such as Cal Dive, Ceona, Cecon, Hercules Offshore, Harkand and Swiber have entered into administration, taking a significant number of vessels out of the…read more

DW Monday: Not Content with Local Content

Posted on February 20, 2017

Brazil and Tanzania are two countries at very different stages of oil and gas development – Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising discoveries by majors including Shell and Statoil. Both, however, are currently struggling with the…read more

DW Monday: Heavy Lifting Lift off?

Posted on February 13, 2017

Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally. The number of fixed assets installed in 2017 is expected to be c.45% less than 2014 levels. This has…read more

DW Monday: Golden Triangle Fades as Deepwater Sector Diversifies

Posted on February 6, 2017

Hydrocarbon production from the ‘Golden Triangle’ – incorporating the deepwater (>500 m water depth) plays of Brazil, the US Gulf of Mexico and West Africa – will peak in 2019 due to the lack of projects sanctioned in recent years. Production data from Douglas-Westwood’s (DW) new online analysis tool, SECTORS, shows combined oil & gas…read more

DW Monday: Global Offshore Prospects

Posted on January 23, 2017

Last week Douglas-Westwood (DW) gave its annual presentation to the Society of Underwater Technology at Imperial College, London on the subject of ‘Global Offshore Prospects’. This has been a regular winter event for the SUT for more than a decade, and an opportunity for DW to share its outlook for the offshore energy sector including…read more

DW Monday: Obama’s Legacy

Posted on January 16, 2017

As President Obama leaves the Oval Office on Friday, he leaves a legacy of mixed fortunes for the energy industry. While many in the business have been vocal critics of the 44th President and some of his more controversial legislations, there have been a number of positive aspects that occurred under the current administration. When…read more

DW Monday: Baku to the Future

Posted on January 9, 2017

As we moved into the festive period last month, BP-operated AIOC and SOCAR were busy signing a letter of intent on the future development of Azerbaijan’s Azeri-Chirag-Gunashli (ACG) project. The giant offshore development, known as the ‘Contract of the Century’, began production in 1997 and peaked at 823 kbbl/d in 2010. However, production has since…read more

DW Monday: Expectations for 2017

Posted on January 2, 2017

The past year has undoubtedly been one of the toughest for the oil & gas industry in recent memory. As we enter 2017 we consider three key themes that could shape the industry over the year ahead. A North America-Led OFS Recovery:  OFS markets are expected to bounce back in 2017 and we expect North…read more

DW Monday: Super Pumas Grounded – Western Europe Heavy Helicopter Supply Scenarios

Posted on December 19, 2016

The fatal helicopter crash in April 2016 near Turøy, Norway, involving the H225 / EC225, has created uncertainty surrounding the future supply of Airbus’s heavy aircraft. In spite of the European safety regulator’s decision to lift the flight ban on the Super Puma models, the Super Pumas continue to be grounded by the UK and…read more

DW Monday: Don’t Believe the Pipe

Posted on December 12, 2016

The recent announcement that a permit will not be granted for the Dakota Access Pipeline to drill under the Missouri river, following strong opposition on environmental grounds, is a clear example of the challenges facing the onshore pipeline industry. Sustained low oil prices have also curtailed investment in early feasibility studies and front-end engineering and…read more

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