In the News, 19th May 2017

WestwoodInsight

WGE In the News
19th May 2017

It has been a busy week with several reports being featured on news sites, including news that 100 service and equipment expenditure lines are now covered in SECTORS:

 


The presentation given by Andrew Reid at the All Energy conference was referenced in the news this week:

“Westwood’s Andrew Reid said that China is a major growth market in the offshore wind industry. China plans to install 12.7 GW in turbine projects over the next eight years, up from 1GW in 2016, and totaling 53.6 billion euro in investment.”

ChinaDaily.com 15/05/2017


The latest edition of the World Drilling & Production Market Forecast 2017-2023 was released this week:

“The Global OFS team at WGE expect this will support oil prices at around current levels but was unlikely to lead to a recovery. However, such prices are predicted to be sufficient to support a 5% year-on-year recovery in drilling activity to 2023.”

Offshore-Mag.com 16/05/2017
GhanaNewsOnline.com 17/05/2017


It was announced this week that SECTORS now covers 100 service and equipment expenditure lines, and many sites referenced the story:

“The offshore maintenance, modifications and operations (MMO) sector is set for a “substantial and sustained recovery” in spending in the next six years, according to a report.”

EnergyVoice.com 18/05/2017
FinancialInsider.news 18/05/2017
OEDigital.com 18/05/2017
OilVoice.com 18/05/2017
UpstreamOnline.com  18/05/2017


The latest edition of the State of Exploration report was featured in the news again this week:

“In its State of Exploration Report, Westwood said explorers needed to focus on making low cost oil and gas profitable to develop at $40 per barrel  or less – even if crude continues to trade at their current level of around $52 or above.

FT.com 15/05/2017
EnergyVoice.com 16/05/2017
Portosenavios.com 16/05/2017
Press and Journal 16/05/2017
OPetroleo.com 17/05/2017
OilandGasPress.com 18/05/2017


The World AUV Market Forecast was referenced in a press release by Kraken and a large number of sites picked up the story:

“The report considers the prospective demand for AUVs in the commercial, military and research sectors. Unit demand is expected to increase over the forecast at a CAGR of 10%, with all sectors seeing growth due to increased utilisation of AUV technology.”

BenZingA.com 15/05/2017
CanadianInsider.com 15/05/2017
CantechLetter.com 15/05/2017
CEO.ca 15/05/2017
DigitalJournal.com 15/05/2017
EINNews.com 15/05/2017
Intelligient-Aerospace.com 15/05/2017
MarketWired.com 15/05/2017
MCADCafe.com 15/05/2017
MilitaryAerospace.com 15/05/2017
Military-Technologies.com15/05/2017
Money.ca 15/05/2017
MorningStar.com 15/05/2017
Nati.net 15/05/2017
SatPRNews.com 15/05/2017
StockNewsNow.com 15/05/2017
SYS-Con.com 15/05/2017
WallStreet-Online.de 15/05/2017
HellenicShippingNews.com 16/05/2017
OceanNews.com 16/05/2017
StockHouse.com 16/05/2017


This week’s Westwood Insight was featured on a number of sites:

“If the industry is out of the emergency room in 2017, it is not yet out of hospital. Even if oil prices recover further, explorers will need to focus on finding low cost oil and gas profitable to develop at $40 per barrel or less.”

OffshoreSource.com 15/05/2017
UpstreamOnline.com 15/05/2017
HellenicShippingNews.com 16/05/2017

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