DW Monday: License to Drill – Saudi Bond Issue

Posted on August 24, 2015

Low global crude prices have hit Saudi Arabia hard. With a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – $4bn in July. The kingdom is highly reliant on oil – accounting for more than 90% of budget revenues. Cuts have not been made to capital expenditure and Saudi has…read more

DW Monday: Risky Returns?

Posted on August 17, 2015

Today’s oil and gas environment has been impacted by a myriad of issues including restrained capital spending, curtailed investment and employment cuts for struggling companies across the supply chain. Recovery from current market conditions is expected to be slow, with oil prices likely not to return to pre-crash levels in the near term. However, such…read more

In the News, August 14th 2015

Posted on August 14, 2015

There is two weeks’ worth of news in this edition with numerous market reports featuring as well as a number of DW Mondays that have proved popular: Offshore Marine Group Otto Marine used charts from Douglas-Westwood’s World Drilling & Production Market Forecast 2015-2021 in their Q2 2015 results presentation: “Independent sector forecasts still positive in…read more

DW Monday: The Future of Mexican Offshore on the Thin Ice

Posted on August 10, 2015

After almost eight decades of Pemex monopoly, the Mexican energy sector is entering a new era of foreign oil company participation. A decade of steady decline in domestic oil & gas production has incentivised the Mexican government to lift the regulations and allow international companies to start developing offshore projects in Mexican waters. The government…read more

DW Monday: China Slows as OPEC Grows

Posted on August 3, 2015

China’s stock markets have been suffering considerable volatility, sending the central government scrambling in an attempt to pick up the pieces to support the crashing market. Although Chinese economic growth slowed during the past year and local companies’ profits proved unsubstantial, investment in Chinese stocks remained high, creating a bubble which popped on June 12…read more

In the News, July 31st 2015

Posted on July 31, 2015

The launch of the World FLNG Market Forecast 2015-2021 has dominated news coverage this week, with numerous mentions in the press but this week’s DW Monday has also proved popular:   The recently released World FLNG Market Forecast 2015-2021 was featured in the news this week: “The Capex for FLNG vessels is expected to amount…read more

Next Wave of FLNG Projects on the Horizon

Posted on July 29, 2015

Next Wave of FLNG Projects on the Horizon There will be significant growth in both investment and activity in the FLNG market over the next seven years, with Douglas-Westwood (DW) forecasting total expenditure of $58.3 billion (bn) in its new market report. 61% of this spend is attributed to liquefaction infrastructure, with the remainder from…read more

DW Monday: The Evolution of Subsea EPC

Posted on July 27, 2015

The subsea sector is highly consolidated with just five players servicing the $12billion annual requirements of the global E&P community. The two largest, FMC and OneSubsea, account for approximately two-thirds of the market but despite this, have shown no signs of resting on their laurels, forging strategic partnerships to reshape and redefine the commercial landscape….read more

In the News, July 24th 2015

Posted on July 24, 2015

It has been another busy week with a number of articles from members of Douglas-Westwood appearing in publications. This week also saw the release of the World FLNG Market Forecast, which drew a lot of attention:   Steve Robertson was quoted in the Economist this week: “Where the focus is at the moment and where the…read more

DW Monday: Sanction free Iran

Posted on July 20, 2015

After 10 years of diplomatic negotiation, the UN P5+1 countries (the US, the UK, France, China, Russia and Germany) at last reached an agreement to unwind economic sanctions on Iran in return for significant international control and surveillance over its nuclear activities. The long-awaited deal will revive foreign investment in Iran, as Western IOCs renew…read more

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