Long and Short-Term Growth Prospects in the Downstream MMO Market

Posted on October 27, 2016

Downstream operators benefited from low oil prices during 2015, seeing margins reach some of the highest levels since the 2008 financial crash. Expanding margins provided a much needed boost to profits in the low oil price environment, particularly for large integrated operators. However, 2016 has seen margins squeezed by a combination of an oversupply of…read more

DW Monday: Maintenance Moves

Posted on October 24, 2016

A sustained low oil price environment is a challenging one, with ‘survival of the fittest’ being an undeniable reality of the sector. Upstream E&P operators, in the past two years, have scurried to re-evaluate their operational Business as Usual (BAU) practices, implementing a myriad of measures ranging from immediate cost cutting steps such as the…read more

In the News, 21st October 2016

Posted on October 21, 2016

A large number of reports where featured in the news this week:  DWs World Drilling & Production Market Forecast 2016-2022 was referenced: “Approximately 70 offshore development wells should be drilled annually in Brazil until 2018. Since then, the trend is that this number will fall substantially, reaching 41 wells in 2022. The estimate is from…read more

Emerging LNG Market to Strengthen Spot Trading

Posted on October 19, 2016

Although it is difficult to predict exactly where LNG prices are heading, an analysis of the long-term supply and demand provides some promising insight. LNG supply is currently outpacing demand due to the wave of new LNG export projects expected from Australia and the US over the 2017-2021 period. Despite this, the need to reduce…read more

DW Monday: Brazilian Breakthrough

Posted on October 17, 2016

In a move to increase foreign investment amid the nation’s worsening economic position, Brazil’s Congress has approved legislation that will remove state-controlled Petrobras’ obligation as sole operator on the country’s pre-salt developments. Discovered in 2007, these ultra-deepwater fields represent a huge opportunity – they are the largest group of offshore reserves discovered this century. Financial…read more

In the News, 14th October 2016

Posted on October 14, 2016

A large number of reports have been featured in the news this week, while DW Monday was also popular: Douglas-Westwood’s World Offshore Wind Market Forecast 2016-2025 was referenced on the Spectator website this week: “The latest DW Offshore Wind Market Forecast provides a ten-year view of the sector through to 2025. Cumulative offshore wind capacity…read more

DW Monday: Counting the Cost

Posted on October 10, 2016

Last week we covered the OPEC announcement on production cuts, a strategy to reduce over-supply in the market and give a much needed boost to oil prices. Without higher oil prices, many new projects are thought to be uneconomic. Or are they? Douglas-Westwood has recently reviewed over 250 upstream capital projects sanctioned in the last…read more

World Oilfield Equipment Market – Onshore Set to Recover Expenditure Share

Posted on October 7, 2016

World Oilfield Equipment Market – Onshore Set to Recover Expenditure Share Douglas-Westwood’s (DW) Q3 World Oilfield Equipment Market Forecast highlights the strong growth potential of the onshore oilfield equipment (OFE) sector through the forecast period (2016-2020). From lows of $61 billion (bn) in 2016, global onshore expenditure is set to increase at a rate of…read more

In the News, 7th October 2016

Posted on October 7, 2016

A number of reports and articles where in the news this week including, the recently released World Oilfield Services Market Forecast and World FLNG Market Forecast:   Matt Cook was quoted in Energy Voice this week: “Development drilling activity levels on the UK continental shelf will hold up for another three years, an analyst from…read more

DW Monday: OPEC Output Cut – What Difference Does It Make?

Posted on October 3, 2016

OPEC’s surprise announcement on Wednesday of a preliminary output reduction agreement seemed to be the development the oil & gas sector had been waiting for. By the middle of Thursday afternoon GMT, stock prices were dramatically up for drillers and E&P companies following Brent’s 6% rise in Wednesday’s session. The Saudis and Iranians had seemingly…read more

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