In the News, 12th May 2017


WGE In the News
12th May 2017

A large number of WGE products have been featured in the news this week, including the latest editions of the State of Exploration report and World Offshore MMO Market Forecast:


An article by Andrew Reid that focused on his presentation at All-Energy on Wednesday was featured on EnergyVoice:

“As I travel to All-Energy this year, my expectations are high. I expect there to be a real buzz around the event, especially the sessions in relation to offshore wind. This is a sector which is on the cusp of material growth.” 10/05/2017

Andrew Reid was also referenced in articles about the event:

“This year they are joined by Andrew Reid, President of consulting, Douglas-Westwood discussing his company’s latest offshore wind market forecast.” 05/05/2017 05/05/2017

The presentation itself was also referenced in the news later in the week:

“Global offshore wind capacity is expected to increase five times from current levels between 2017 and 2025, with a large share of the investments anticipated to be made in the UK and Germany, according to consultancy Westwood Global Energy.” 10/05/2017

This week saw the release of the latest State of Exploration report with a number of sites reporting on the findings of the report:

“WGEG today launches its eighth annual State of Exploration Report, the definitive global benchmark for conventional oil & gas exploration.” 09/05/2017 09/05/2017 09/05/2017 10/05/2017
Offshore-Mag.com10/05/2017 10/05/2017 11/05/2017

An article on a presentation given by Thom Payne was featured on Offshore Support Journal:

“Douglas Westwood associate director Thom Payne said that thinking “the bigger we are, the more days we have booked, the more successful we are” has no place in today’s challenged market.” 08/05/2017

An article written by Matt Adams that focused on the World Offshore Maintenance, Modifications & Operations Market Forecast was featured in Offshore Magazine and was also featured on their website:

“The offshore oil and gas industry has fallen on tough times since 2014, however, market sentiments appear to be improving – on the back of the coordinated OPEC and non-OPEC production cuts.” 08/05/2017

The 2017-2021 edition of the World Offshore Maintenance, Modifications & Operations Market Forecast was released on Monday and referenced on a number of sites: 

“The latest edition of the World MMO Market Forecast is now available. The report, which has been restructured and includes further supply chain commentary, now shows $378bn of global MMO spend over the 2017-2021 forecast period.” 09/05/2017 09/05/2017 09/05/2017

An article by Marina Ivanova and Matt Adams about the Downstream Maintenance Market was featured in the May edition of Hydrocarbon Engineering:

“Marina Ivanova and Matt Adams, Douglas-Westwood, UK, explain why a leaner downstream maintenance market is experiencing renewed activity.”

Hydrocarbon Engineering May 2017


Ben Wilby was quoted in an article on African E&P that referenced the World Floating Production Systems Tracker 2017:

“Bonga South West was considered too expensive with oil over $100,” Douglas-Westwood (DW) Analyst Ben Wilby told Offshore, highlighting the severity of the issue.” 08/05/2017

Douglas-Westwood was quoted in the year end results of MyCelx Technologies:

“Additionally, according to the energy consultancy firm Douglas-Westwood, production from the global offshore market is expected to grow in the medium term as projects sanctioned before the downturn add to output.” 11/05/2017 11/05/2017 11/05/2017

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