News | DW Monday
DW Monday: Tired of Turnarounds?
Posted on November 16, 2015
As the end of October saw upstream operators release disappointing Q3 results, with Shell in particular announcing record losses, a completely different picture is being painted in the downstream sector. A host of North American refiners, including Tesoro, Valero Energy, Phillips 66 and Marathon Petroleum have seen profits soar as the low oil price has…read more
DW Monday: LNG – the Coolest Player in the European Gas Game
Posted on November 9, 2015
History repeats itself. In January 1959 the first LNG vessel shipped out from Lake Charles, Louisiana to deliver its trial cargo to Europe. Soon, another important LNG shipment is going to leave the Gulf of Mexico. This time, the destination is Lithuania – one of the first deliveries from Cheniere’s Sabine Pass LNG export terminal…read more
DW Monday: Takeaways from Douglas-Westwood’s 25th Anniversary Conference
Posted on November 2, 2015
Last week DW celebrated its 25-year anniversary with their DW25 Conference in London. Through the course of the afternoon, speakers offered insight into oil & gas business challenges and opportunities, spanning a multitude of industry sectors. The keynote speaker James West, Senior MD and Partner at Evercore, was joined by panellists Graham Bennett, Vice President…read more
DW Monday: Positive Outlook for Iranian Oil & Gas Production, but Limitations Remain
Posted on October 26, 2015
The recent JCPOA agreement reached between Iran and the P5 +1, and approval of by the Iranian Parliament, is a big step forward in normalising Iran’s relations with the international community. In anticipation of the removal of the economic sanctions, Iran has produced a list of fifty oil & gas projects worth an estimated $185…read more
DW Monday: Frac Truck Boneyards
Posted on October 19, 2015
In the desert of New Mexico, just forty miles from producing wells in Artesia, lies an aircraft boneyard filled with the remains of once great aeroplanes. Like these planes, nearly 4,000 frac trucks are sitting idle throughout the United States as the demand for horsepower (HP) has fallen as quickly as WTI over the past…read more
DW Monday: RenewableUK Liverpool – A hotbed of innovation, adaptation and political disgruntlement
Posted on October 12, 2015
Last week DW renewables delegates attended the RenewableUK Annual Conference and Exhibition. In wake of the Global Offshore Wind Conference in June, expectations were for an upbeat demonstration of what the UK could provide in terms of world-leading technology and renewable solutions. However, the last few months have been somewhat tumultuous for our renewables industry,…read more
DW Monday: Tracking the Trends in the OEMs
Posted on October 5, 2015
Oil prices have stabilised in the $45-50 range over the last month, however, performances of major oilfield stocks have continued to suffer. According to analysis undertaken by DW, decline of a further 8% has been seen through September, down 39% year-on-year. As E&P firms start to plan for 2016, the current oil price is driving…read more
DW Monday: A US Perspective on Production Decline
Posted on September 28, 2015
Oil prices have finally crept up on drilling and production levels in the US. The onshore rig count has continued to soften as many operators, particularly some large independents, have chosen to wait for improved economics to continue operations. In other cases, smaller companies such as Sampson and Quicksilver Resources, have filed for bankruptcy protection…read more
DW Monday: Decommissioning – “This time it’s different”
Posted on September 21, 2015
For much of the period since the year 2000 – characterised by high and rising oil prices, and long-term concerns over global oil supply – decommissioning took a backseat. Asset lives were extended through improved recovery, enhanced maintenance, and, critically, successful divestment. Smaller, more agile operators found success extracting from fields that had ceased to…read more
DW Monday: Oil Prices – Hope Lies in the Projections
Posted on September 14, 2015
As the year approaches the fourth quarter, many industry observers are dusting off their forecasts for 2016 and re-thinking. Last week, HSBC lowered its oil price outlook to $60/bbl for 2016. The EIA, in its latest Short Term Energy Outlook also revised its 2016 projection downward by $8/bbl to $59/bbl. As the oilfield community starts…read more