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In the News

In the News, 10th June 2016

By June 10, 2016September 7th, 2022No Comments

DW in the NewsThere have been references to a number of reports this week including FPS and Subsea Hardware:

Douglas-Westwood’s World Floating Production Market Forecast 2016-2020 was in the news after a new article was released during the week:

“Last year was a challenging year for the FPS market. The low oil price threatened the commerciality of numerous projects, delay announcements for FPS units under construction arrived regularly and overall only four orders were placed.” 07/06/2016 07/06/2016 07/06/2016  07/06/2016 07/06/2016 07/06/2016 07/06/2016
ShaleMarkets.com07/06/2016 07/06/2016 08/06/2016

Another report in the news was the North Sea Decommissioning Market Forecast 2016-2040  which was featured in the June edition of Offshore Engineer:

“The oil price downturn has substantially impacted companies across the oil and gas sector. Often firms have been affected negatively, but there are many who stand to benefit from the downturn – particularly those with exposure to potential decommissioning work .”

Offshore Engineer June 2016

The Subsea Hardware Market Forecast was also referenced in the news this week:

“Subsea hardware spend will be the highest in Africa, Asia and Latin America, with the three regions combining to form almost half of the global total. Expenditure also continues trending towards deeper waters with around 42% of total spend.” 08/06/2016

This week’s DW Monday  was featured on a range of sites:

“As an indicator of the turmoil that has hit the US oil & gas services sector the Baker Hughes rig count is hard to beat. From 1,931 rigs drilling in September 2014 the count has declined to a total of 408.” 06/06/2016 06/06/2016 06/06/2016 06/06/2016 06/06/2016

The DW Monday from the 2nd May was featured in the June edition of Offshore Magazine

“DW reported that the Johan Castberg development has faced challenges since inception. “Statoil has had to contend with changes to Norwegian tax laws as well as disappointing drilling results,” said Mike Green.” 08/06/2016