In the News, 17th March 2017

Posted on March 17, 2017

Several reports have been in the news this week, as has the press release formally announcing the Westwood Global Energy brand:   On Thursday the press release announcing the new Westwood Global Energy Group was released, with a number of sites featuring the news: “ESIA (Energy Software Intelligence Analytics Ltd), the private equity-backed group of…read more

ESIA re-launches as Westwood Global Energy Group

Posted on March 16, 2017

ESIA re-launches as Westwood Global Energy Group in bid to take significant share of energy research market  Westwood Global Energy Group combines the complementary expertise of influential research and consulting firms, Hannon Westwood, Richmond Energy Partners, Douglas Westwood, Novas Consulting and JSI Services. They will be re-organised into two new divisions – Westwood Research and…read more

Consolidation – A Path to Subsea Vessel Sustainability

Posted on March 13, 2017

In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning of new offshore projects which could have supported vessel utilisation. As a result, the average vessel dayrates declined by an…read more

In the News, 10th March 2017

Posted on March 10, 2017

With a number of new releases, including the new Western Europe Decommissioning Market Forecast 2017-2040 and a Q1 update of the World Offshore Wind Market Forecast 2017-2025, it has been a busy week with a large number of news sites featuring Douglas-Westwood:   A press release that focused on the budget and its potential impact…read more

Short-term growth for onshore pipeline installation activity, with stable long-term prospects

Posted on March 9, 2017

Recent announcements regarding financing for key onshore pipelines projects under construction provide a strong indication that the long-term prospects for the market are positive, with the changing energy mix and increasing demand for gas providing stable drivers for pipeline construction. Notably, it was announced in December 2016 that the World Bank has approved loans totalling…read more

UK Government Moves to Prolong UKCS Production as it Faces Estimated £23 Billion Decommissioning Burden

Posted on March 8, 2017

8th March, 2017 Measures announced today in the UK Budget will review the potential transfer of ownership of UK fields along with the ability to transfer the benefit of past taxes paid on production to be used for relief in future field decommissioning by the new owners. At present, operators can claim relief for decommissioning…read more

DW Monday: Vessel Contractors – Re-shaping for the Rebound

Posted on March 6, 2017

The announcement on the 28th February of EMAS Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015. Multiple companies such as Cal Dive, Ceona, Cecon, Hercules Offshore, Harkand and Swiber have entered into administration, taking a significant number of vessels out of the…read more

In the News, 3rd March 2017

Posted on March 3, 2017

Both the FLNG and AUV reports where featured in the news this week:   Douglas-Westwood were recently quoted in an article about Premier Oil’s recent refinancing deal: “Ben Wilby of Douglas-Westwood said that the complex deal laid out by the debt laden independent upstream firm showed potential.” 02/03/2017 One report to feature this week…read more

In the News, 24th February 2017

Posted on February 27, 2017

A number of reports and DW Monday’s were featured in the news this past week, including DW’s new Subsea Cable Tracker:   This week saw the release of Douglas-Westwood’s news Subsea Cable Tracker report which was featured in the news: “Subsea cable demand will grow at a CAGR of 7% over the 2017-2021 period, with…read more

DW Monday: Not Content with Local Content

Posted on February 20, 2017

Brazil and Tanzania are two countries at very different stages of oil and gas development – Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising discoveries by majors including Shell and Statoil. Both, however, are currently struggling with the…read more

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