In the News

In the News, 22nd April 2016

By April 22, 2016 November 28th, 2019 No Comments

DW in the NewsThis week saw the release of the World Oilfield Services Market Forecast 2016-2020 while interest in the World Subsea Hardware Market Forecast remained high:

 

The new edition of Douglas-Westwood’s World Oilfield Services Market Forecast 2016-2020 appeared in the news:

“The trials and tribulations of the global oilfield services sector has been much publicized in recent months. The latest edition of Douglas-Westwood’s World Oilfield Services Market Forecast estimates Capex in the sector fell by 38% in 2015.”

OGFJ.com 19/04/2016
PennEnergy.com 19/04/2016


The latest edition of the World Subsea Hardware Market Forecast was released early this week and appeared on a number of sites:

“DW forecasts subsea hardware expenditure of US$94.3 billion between 2016 and 2020, with a 3% CAGR over this period. Expenditure growth has been tempered by the prolonged low oil price, causing a 19% decline in expenditure compared to 2011-2015.”

Kincaid.com.br 19/04/2016
EnergyGlobal.com 20/04/2016
Offshore-Mag.com 20/04/2016
NaturalGasIntel.com 21/04/2016


The World Deepwater Market Forecast 2016-2020 was also in the news this week:

“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.”

LinkedIn.com 21/04/2016


Douglas-Westwood’s North Sea Decommissioning Market Forecast 2016-2040 was featured in the news this week:

“Industry analysts Douglas-Westwood last month estimated almost 150 platforms in the UK North Sea are expected to be scrapped over the next ten years, taking into account falls in the price of oil.”

MaritimeQuote.nl 17/04/2016
FinancialSpots.com 19/04/2016
The Herald (newspaper edition) 19/04/2016
HeraldScotland.com 19/04/2016
NanoNews.org
Taz.de 19/04/2016
UKMMANews.com 19/04/2016
OilGuru.org 20/04/2016
LucenaInformation.com 21/04/2016
OilPrice.com 21/04/2016


This week’s DW Monday was covered by a range of websites:

“Unfortunately, 2016 is not shaping up to be a bumper year. Onshore drilling within the country is expected to fall, as major operators reduce capital expenditure to cope with a “lower for longer” price environment.”

NOFEnergy.com 18/04/2016
OilVoice.com 18/04/2016
WorldEnergyNews.com 18/04/2016
NGV.ru 21/04/2016