In the News

In the News, 20th May 2016

By May 20, 2016 November 28th, 2019 No Comments

DW in the NewsIt has been another busy week for DW with a number of reports, including OFE and Subsea Hardware referenced on a variety of websites:

Jason Waldie gave was quoted on Rigzone this week:

“Deepwater prospects are down to 122 as of January, down from 210 projects a year ago, Jason Waldie, associate director at energy research group Douglas-Westwood, said.”

Rigzone.com 18/05/2016


Energy Voice’s recent surveys and research, which DW was involved in, were available on their website this week:

“More than 500 people took part in Energy Voice’s research campaign, dubbed. The campaign covered current challenges, technology, diversification and industry cuts. The results, which were analysed by Douglas-Westwood, are visualized below.”

EnergyVoice.com 16/05/2016


Energy Voice also referenced the North Sea Decommissioning Market Forecast 2016-2040 in a recent news report:

“Douglas-Westwood’s North Sea Decommissioning Market Forecast 2016-2040 predicted that between 2016 and 2040 $70-$82 billion will be spent on decommissioning activity in around the North Sea basin.”

DecomNorthSea.com 18/05/2016
EnergyVoice.com 18/05/2016
PressReader.com 19/05/2016


Douglas-Westwood’s World Oilfield Equipment Market Forecast 2016-2020 was in the news this week:

“DW forecasts global oilfield equipment expenditure to total $622 billion (bn) between 2016 and 2020, despite a 3% year-on-year decline to 2020. Onshore growth will return from 2017 – with onshore spend expected to surpass offshore in the same year.”

MyInforms.com 17/05/2016
PublicNow.com 17/05/2016
WN.com 17/05/2016
Kincaid.com.br 18/05/2016
BunkerPortsNews.com 19/05/2016
CNSS.com 19/05/2016
OGFJ.com 19/05/2016 


The recently released World Subsea Hardware Market Forecast 2016-2020 was featured in the news this week:

“The economic viability of numerous offshore projects has been questioned due to a relentless rise in Capex and Opex. The prolonged low oil price has placed additional pressure on operator budgets – resulting in deferred sanctioning and in some cases, cancellations.”

NewsOnePlace.com 16/05/2016
PublicNow.com 16/05/2016
WN.com 16/05/2016


Another report in the news this week was the World Deepwater Market Forecast 2016-2020:

“Over the past 18 months, industry headlines have been dominated by the severe impact of the sustained low oil price on drilling contractors, OEMs (Original Equipment Manufacturers) and vessel owners.”

NewsOnePlace.com 16/05/2016
PublicNow.com 16/05/2016
WN.com 16/05/2016


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

“The Middle East has been a relative bright spot for upstream activity during the oil price downturn. International land rig contractors, are actively focusing their strategy and drilling campaigns on the region in the attempt to limit the negative impact of low oil prices.”

MarineLink.com 16/05/2016
OffshoreSource.com 16/05/2016
OilReviewMiddleEast.com 16/05/2016
OilVoice.com 16/05/2016
NGV.ru 19/05/2016


Last week’s DW Monday was also featured in the news this week:

According to analyst Douglas-Westwood (DW), the Saudis ordered the project to be shut in in October 2014 due to environmental regulation breaches.”

Bilbaoya.com 16/05/2016
IUSBPreface.com 16/05/2016
SpoletoCity.com 16/05/2016
TribuMagazine.net 16/05/2016