In the News, 21st April 2017


WGE In the News
21st April 2017

A large number of reports have been featured in the news this week, including the recently updated Upstream Investment Outlook:


Rob Stevens was quoted on Energy Voice this week:

“Small- to mid-cap exploration and production (E&P) companies are “out of the emergency room” after a tough 2016, but haven’t been discharged yet, an analyst said.”  17/04/2017

A recent talk by Thom Payne was referenced by Kenanga in their oil & gas sector update:

“Payne sees more stability in oil prices, concurring expectations of oil prices stabilising at an average of USD56/bbl this year. Furthermore, OPEC’s production cut extension which will be decided in end of May, which would likely to lift oil prices up to USD60/bbl.” 20/04/2017

The latest edition of the Upstream Investment Outlook was released on Thursday and was referenced on the Offshore Magazine website:

“Douglas-Westwood’s (DW) most recent Upstream Investment Outlook (UIO) for 1Q 2017 has been released and warns of a number of challenges that could still effect upstream investment over the next few years.” 20/04/2017

An article by Ben Wilby that focused on the World Floating Production Market Forecast 2017-2021 was featured in April’s Offshore magazine:

“After two of the worst years for floating production systems (FPS) since they became a viable production method, 2017 offers promise of improvement and a return to normality in the market, although a return to the levels seen in 2014 are unlikely.” 12/04/2017

The Western Europe Decommissioning Market Forecast 2017-2040 was also featured in the issue:

“Between 2017 and 2040, $105 billion will be spent on decommissioning in Western Europe, according to Douglas-Westwood’s latest market forecast.” 12/04/2017 12/04/2017

The acquisition of Energent Group continued to be referenced in the news:

“The addition of Energent’s information and analytics platform, plus industry specialist analyst team expands significantly Westwood’s capabilities in the onshore US market.” 07/04/2017 07/04/2017 11/04/2017 11/04/2017

This week’s DW Monday was referenced on a number of sites:

“One analyst noted, “The only danger is that (hedged) companies will miss out on higher prices if crude moves above $60 per barrel.” This of course assumes that service cost remain manageable.” 18/04/2017 18/04/2017 18/04/2017 19/04/2017 19/04/2017

The DW Monday from the 10/04/2017 was referenced in the news:

“We live in an age where information at your fingertips is expected, important and integral to the validation of rational business decisions.” 11/04/2017

The DW Monday from 03/04/2017 was in the news this week:

“The production of LNG in recent years has increased dramatically. According to WGE data, liquefaction capacity increased from 121 million tons per annum (mmtpa) in 2000 to nearly 270 mmtpa in 2010, and will reach just over 400 mmtpa by the end of 2017.” 14/04/2017


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