News

DW Monday: Refining Margins Back but Will They Remain?

Posted on June 29, 2015

Between 2009 and 2014, refining margins rarely exceeded $5/bbl in Europe and $8/bbl in Asia, whilst the USA was the only safe-haven, averaging $15/bbl. In 2015, however, the game changed as the global oversupply triggered a crude price collapse, resulting in healthier refining margins – year-to-date averages in Europe are $9, $12 in Asia and…read more

In the News, June 26th 2015

Posted on June 26, 2015

Two publications have recently been released and featured in the news this week, while DW Monday attracted a lot of attention:  The World Offshore Wind Market Forecast 2015-2024 was recently released and was featured on the World Energy News website: “Cumulative offshore wind capacity is forecast to reach 57GW, driven by the continued development of…read more

DW Monday: A Difficult Year for FPSO Contractors

Posted on June 22, 2015

The crash in oil prices has led to a dramatic decline in the number and value of awards for FPSO units. There have only been three contracts awarded this year; a conversion for the Sankofa-Gye Nyame development in Ghana, a small conversion in Iran and an upgrade in Indonesia. In total these awards account for…read more

In the News, June 19th 2015

Posted on June 19, 2015

New market reports have received plenty of attention this week as has DW’s work on the Energy 2050 project:   The recently released World Offshore Accommodation Market Forecast 2015-2020 was featured on a number of sites this week: “Douglas-Westwood expects average demand for offshore accommodation vessels between 2015 and 2020 to average almost 42,000 personnel…read more

Potential for €300 Billion of Offshore Wind Capital Expenditure over the Next Ten Years

Posted on June 18, 2015

Potential for €300 Billion of Offshore Wind Capital Expenditure over the Next Ten Years Cumulative offshore wind capacity is forecast to reach 57GW, driven by the continued development of established markets such as the UK, Germany and China and bolstered by emerging markets including the US and France. These are amongst the findings of the…read more

Modest Growth in Offshore Accommodation Market Despite Capex Slowdown

Posted on June 15, 2015

Modest Growth in Offshore Accommodation Market Despite Capex Slowdown Douglas-Westwood (DW) forecast in their new World Offshore Accommodation Market Forecast that over the period 2015 to 2020 demand for offshore accommodation vessels will average almost 42,000 Personnel on Board (PoB) per year. An increase of 14% compared to the preceding six-year period. Report author, Kathryn…read more

DW Monday: Tomorrow, it’s surely nearer now?

Posted on June 15, 2015

A sustained supply glut has maintained Brent oil prices through the first five months of 2015 at some 47% lower than the same period in 2014. Industry observers expect low oil prices to eventually take supply out of the market and drive a price correction. So, when will this happen? To-date, supply appears unaffected –…read more

In the News, June 12th 2015

Posted on June 12, 2015

There has been plenty of references to Douglas-Westwood this week, with a large number of our reports appearing in the news:  An article on Offshore Wind by Rachel Stonehouse was featured in Offshore Engineer this week ahead of the upcoming release of the World Offshore Wind Market Forecast 2015-2019: “About US$336 billion (€300 billion) could…read more

DW Monday: Alaska – Now or Never?

Posted on June 8, 2015

Despite surging production from U.S. shale plays, the scale of long-term production remains uncertain, leading to the question of where will be the next major play? Attention is being focused on Arctic Alaska, where reserves are waiting to be exploited. Geologists estimate total Arctic oil reserves of nearly 134bn BOE, 28% of which lie in…read more

In the News, June 5 2015

Posted on June 5, 2015

This week saw the release of a Petroleum Review article by John Westwood as well as a very popular DW Monday which has appeared on a number of different websites. An article by John Westwood was featured in this month’s issue of Petroleum Review this week (see attached): “Between 2000 and 2013, oil prices grew…read more

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