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In the News, May 8 2015

By May 8, 2015September 7th, 2022No Comments

DW in the News

Mike Haney’s speech at OTC was featured in a number of newspapers, including Upstream and The Houston Chronicle, while the BBC had a story that referenced three different DW reports:

BBC News quoted Douglas-Westwood’s World Subsea hardware Market Forecast, World Floating Production Market Forecast and World Offshore Maintenance, Modifications & Operations Market Forecast as well as this week’s DW Monday in an article that also appeared on other websites:

“Douglas-Westwood forecasts global subsea hardware Capex will total $145bn between 2015 and 2019 – a growth of more than 27% compared with the preceding five-year period.” 04/05/2015 05/05/2015

Mike Haney’s speech at OTC garnered attention from a number of sites, including Upstream’s daily paper from the event:

“There are currently 100 jack-ups being built at Chinese yard, Michael Haney, director of Douglas-Westwood’s Houston office, told delegates at a breakfast briefing on China at the Offshore Technology Conference in Houston.” 06/05/2015 06/05/2015 06/05/2015 07/05/2015
Houston Chronicle 07/05/2015 07/05/2015 08/05/2015

Energy Voice published an article by Andrew Reid:

“The oil & gas industry is undergoing a major restructuring and nowhere is this more pronounced than in the United States.” 04/05/2015

The May edition of Hydrocarbon Engineering magazine featured an article by Kathryn Symes about the World Downstream Maintenance Market Forecast:

“Some US$418billion will be spent over over the next five years on the asset management services of refineries, petrochemical, gas processing and LNG plants, a 33% increase from the previous five year period.”

Hydrocarbon Technology May 2015

A speech made by Jason Waldie in February was referenced in the news this week:

“Most of Asia Pacific is NOC-operated and NOCs are very different than IOCs. NOCs have a mandate to serve the people in the country and then make money. IOCs have a mandate to serve shareholders.” 07/05/2015

Douglas-Westwood’s World Deepwater Market Forecast appeared in Oil Review Africa (Pg. 45, see attached) as well as online:

“Douglas-Westwood, in its commentary, has noted that as production from mature basins onshore and in shallow water declines, development of deepwater reserves has become increasingly vital, particularly to oil majors.”

Oil Review Africa Vol. 9, Issue 2, 2015 06/05/2015 06/05/2015

The OTC Conference newspaper daily featured an article on Douglas Westwood’s World Floating Production Market Forecast:

“Douglas-Westwood (DW) forecasts that between 2015 and 2019, $81 billion will be spent on floating production systems (FPS), representing an increase of 73% over the preceding five-year period.” (Pg.18 & 31) 06/05/2015

Thursdays OTC newspaper daily also had an article from Douglas-Westwood. This time it was the World Subsea Vessel Operations Market Forecast  that was featured:

“Over the next five years, Douglas-Westwood (DW) expects $122 billion to be spent on global subsea vessel operations, which is an increase of 64% compared to the previous five-year period.” (Pg.18 & 31) 07/05/2015

The Energy 2050 project that Douglas-Westwood is currently involved in was featured in Wednesday’s edition of the Press and Journal and referenced on the Energy Voice website:

“According to Douglas Westwood, an oil price environment as weak as $33 a barrel is deemed possible only through a combination of unexpected increases in supply and significant demand destruction created by another recession.”

Press & Journal 06/05/2015 06/05/2015 07/05/2015

This week’s DW Monday was featured on a number of websites this week:

“The oil & gas industry currently suffers a shortage of mid-career professionals primed for leadership & supervisory roles, the legacy of the last oil price downturn in the 1980s to mid-90s.” 04/05/2015 04/05/2015
Energy News premium 05/05/2015
Energy News Bulletin 05/05/2015 05/05/2015 05/05/2015 05/05/2015
NewBase-596-special-05 (Pg.12) 05/05/2015