DW Monday: Oversupplied Market Eying Floating Storage Opportunities

Posted on February 8, 2016

Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected to remain as the market is yet to find a new equilibrium. So far, only modest cuts in US shale production have been realised, and global oil supply has…read more

In the News, 5th February 2016

Posted on February 5, 2016

A number of stories have dominated this week, with references to our Subsea Vessel, LNG and North Sea Decommissioning reports appearing in the news. An article by Andrew Reid on the subsea hardware market was featured on Energy Voice this week: “Deepwater fields  will continue to see deferrals as operators slash budgets further… DW expects…read more

DW Monday: Coming Decommissioning Boom to be Driven by UK

Posted on February 1, 2016

The oil price collapse has been bad news for nearly every company involved in the industry, but one group that could actually benefit from it are specialist decommissioning companies. For these companies there is an opportunity to be part of removing the huge tonnage of infrastructure that exists in the North Sea. With oil prices…read more

In the News, 29th January 2016

Posted on January 29, 2016

There’s two weeks of news covered in this email with DW and a large number of stories have referenced DW with eight different reports featuring in stories:   Mark Adeosun was quoted in this week’s Upstream newspaper, which referenced the World LNG Market Forecast 2016-2020: “However, Mark Adeosun, author of DW’s 10th LNG World Market…read more

DW Monday: Under Pressure

Posted on January 25, 2016

This week, we look at some of the key takeaways from an event held last Thursday in London, hosted by the Society of Underwater Technology. Douglas-Westwood (DW) presented its outlook for the offshore energy sector, including outputs from its latest, soon to be published studies, in the context of a highly-turbulent start to the year…read more

DW Monday: Saudi Aramco IPO – Winning the Battle but Losing the War

Posted on January 18, 2016

Saudi Arabia’s reluctance to cut production to maintain its share of the global crude market has paid off. By not “blinking first”, the Kingdom has succeeded in driving rigs out of the US shale market with current rotary rig counts down 65% from 2014 highs in September. This has led to significant decreases in production…read more

In the News, 15th January 2016

Posted on January 15, 2016

It has been a very busy week with many reports referenced on a variety of news sites. As well as this, a number of previous DW Mondays were featured in stories this week: Steve Robertson was quoted in an article on Energy Voice that focused on the announcement of the Saudi Aramco IPO: “Steve Robertson,…read more

DW Monday: A Turbulent Start to 2016

Posted on January 11, 2016

Oil prices have been extremely volatile since the first trading day of 2016 and hit 12-year lows last week with Brent dropping below $33 a barrel for the first time since 2005. The fall in the Chinese manufacturing index, the Saudi-Iran standoff and North Korean nuclear test have all had a significant impact on shaping…read more

In the News, 8th January 2016

Posted on January 8, 2016

It has been a busy few weeks with two DW Mondays and the LNG Report among the stories referenced in the news: An article by Katy Smith that focused on the recent Iran-Saudi Arabia disagreement was featured on the Energy Voice website: “Saudi Arabia is keen to preserve its market share, with DW expecting total…read more

Iran-Saudi Arabia Tensions and Impact on Oil Price

Posted on January 6, 2016

Following recent attacks on the Saudi Arabian Embassy in Tehran in response to the execution of a prominent cleric, the Kingdom has announced that it will be severing diplomatic ties with Iran. This soaring political tension between the two most influential members of the Organisation of the Petroleum Exporting Countries (OPEC) has led to fluctuating…read more

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