News

DW Monday: What’s the SCOOP on the STACK?

Posted on September 26, 2016

There are more than just earthquakes buzzing in Oklahoma. The South Central Oklahoma Oil Province and Sooner Trend Anadarko Basin Canadian and Kingfisher counties (SCOOP and STACK) are becoming some of the most highly sought after shale assets in North America. Along with the Permian, the newly developed acreage in Oklahoma seems to provide some…read more

In the News, 23rd September 2016

Posted on September 23, 2016

A number of DW market forecasts have been in the news this week including the Land Rig  and FLNG reports: DW’s World FLNG Market Forecast 2017-2022 was featured in Upstream’s quarterly magazine: In its World FLNG market forecast, DW notes a flat picture for sanctioning of capital intensive liquefaction units over the past 24 months….read more

Adapting to a Low Price Environment – The Impact of the Downturn on the Land Rig Market

Posted on September 22, 2016

The oil price downturn has had a significant impact on the land rig market, with global onshore drilling activity (including exploration and appraisal wells) having declined by 32% in 2015. Douglas-Westwood (DW) expects to see a further 21% decline in drilling activity in 2016, as operators adjust to a sustained low oil price environment. The…read more

DW Monday: A Sea Change In LNG

Posted on September 19, 2016

LNG technology evolved as a solution to the problem of transporting large quantities of gas over long distances. Developments in the market over the next five years are expected to have a significant impact on both the construction of LNG carriers and the primary LNG trading routes. The LNG carrier market is currently over-supplied. A…read more

In the News, 16th September 2016

Posted on September 16, 2016

A number of reports where featured in the news including the LNG and North Sea Decommissioning forecasts.  A recent press release that focused on the North Sea Decommissioning Market Forecast was picked up by a few sites: “AllSeas recent removal of the Yme platform was the first job completed by the Pioneering Spirit – demonstrating…read more

DW Monday: Industry Costs & ROV Technology

Posted on September 12, 2016

A key theme at the SMM Conference in Hamburg last week (and highlighted in Douglas-Westwood’s keynote address) was the innovation within both the offshore (oil & gas and renewables) and marine markets aimed at reducing costs and improving operational efficiency. This is bringing more oil and gas projects over the economic threshold of viability and…read more

In the News, 9th September 2016

Posted on September 9, 2016

A large number of reports have been in the news this week, including the World LNG Market Forecast 2017-2021 which was released on Wednesday:   An article by Andrew Reid appeared on the Energy Voice website: “At DW we are still of the view that, over the course of 2016, the oversupply will reduce, albeit…read more

North Sea Decommissioning Forecast to Blossom After Yme Removal

Posted on September 9, 2016

AllSeas recent successful removal of the Yme platform was the first job completed by the Pioneering Spirit – demonstrating that the world’s first single lift vessel (SLV) was back on track after a spate of recent delays. The next decommissioning job for the vessel will be the monumental task of removing the topsides from the…read more

LNG Investment Swings to North America – Global Capex to Total $284 billion

Posted on September 8, 2016

LNG Investment Swings to North America – Global Capex to Total $284 billion The LNG industry is undergoing a dramatic transformation. North American activity (the majority of which is committed spend) is driving a return to growth in global capital expenditure. A wave of new LNG carrier newbuilds will also be required to support a…read more

In the News, 5th September 2016

Posted on September 5, 2016

This week’s edition is a bumper one, containing everything after the fifth of August to today:  Michelle Gomez was quoted in an article on the recent discovery of natural gas hydrate in the Bay of Bengal: “Methane hydrates could, in theory, revolutionize the energy industry, potentially providing significant upside to natural gas production. However, to…read more

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