News

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

In the News, July 17th 2015

Posted on July 17, 2015

This week has seen a number of publications referenced on a variety of news sites:   The World Offshore Accommodation Market Forecast 2015-2020 was featured in the news this week: “In June 2015, DW forecast that, over the period 2015–2020, demand for offshore accommodation vessels will average almost 42,000 personnel on board (POB) per year,…read more

DW Monday: Why ‘Grexit’ Worries Weigh Down Oil Price

Posted on July 13, 2015

As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain. Setting aside both the deeply troubling social impact for Greek citizens and other major forces – from Chinese equities to an Iranian nuclear deal – the threat of Greece leaving the Euro is already…read more

In the News, July 10th 2015

Posted on July 10, 2015

It has been a busy week in the news with a very popular DW Monday as well as numerous references to publications:   An article by Andrew Reid about Brazil was featured on Energy Voice: “As the balloon bursts in Brazil and the party is over a lot of companies will be hit. The corruption…read more

DW Monday: Brazil – In Deep Trouble

Posted on July 6, 2015

Petrobras has long been a pioneer in the adoption and deployment of deepwater technology. This has enabled them to build huge reserves of some 16 billion barrels of oil. Converting these reserves to production, however, is another matter and Petrobras has a history of setting ambitious targets, with a poor record of meeting them. The…read more

In the News, July 3rd 2015

Posted on July 3, 2015

This week saw a number of industry magazines reference DW, as well as a DW Monday that appeared on a large number of sites:   A speech by Mike Haney at this year’s OTC was referenced in the editor’s note of Asian Oil & Gas magazine: “In a meeting organized by OTC and the US…read more

DW Monday: Refining Margins Back but Will They Remain?

Posted on June 29, 2015

Between 2009 and 2014, refining margins rarely exceeded $5/bbl in Europe and $8/bbl in Asia, whilst the USA was the only safe-haven, averaging $15/bbl. In 2015, however, the game changed as the global oversupply triggered a crude price collapse, resulting in healthier refining margins – year-to-date averages in Europe are $9, $12 in Asia and…read more

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