News

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

DW Monday: A Return to Lean and Mean?

Posted on January 4, 2016

2015 was a tough year. Spending and headcounts have been slashed across the industry and the spectre of bankruptcy is an all too common concern. Recent trends in commodity prices have not helped. Late December saw Moody’s downgrade its price forecast for 2016 by 17% and a further dip in the price of oil –…read more

DW Monday: Offshore Prospects for 2016: Playing the Waiting Game?

Posted on December 28, 2015

This year, the offshore oil and gas industry has had to come to terms with the worst downturn for more than a decade. With commodity prices plummeting to an eleven-year low in December, it is time to reflect on the year gone by and consider the outlook for the year to come. Offshore rig markets…read more

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