A number of DW market forecasts have been in the news this week including the Land Rig and FLNG reports:
DW’s World FLNG Market Forecast 2017-2022 was featured in Upstream’s quarterly magazine:
In its World FLNG market forecast, DW notes a flat picture for sanctioning of capital intensive liquefaction units over the past 24 months. However, “despite near-term concerns, the long-term viability of FLNG technology is clear”, says author Mark Adeosun.
The World LNG Market Forecast 2017-2021 was also in the news this week:
“CAPEX on LNG facilities is expected to increase over the forecast period of 2017 – 2021. This is primarily due to a number of large North American liquefaction projects currently under construction.”
Another report to feature in the news this week was the World Land Drilling Rig Market Forecast 2016-2020:
“The oil price downturn has had a significant impact on the land rig market, with global onshore drilling activity (including exploration and appraisal wells) having declined by 32% in 2015.”
This week’s DW Monday appeared on a number of sites:
“This trend is expected to change over the 2017 – 2021 period, due predominantly to liquefaction projects expected onstream in Australasia and North America. Notably, the USA is forecast to increase its LNG export capacity from 11mtpy in 2016 to 77mtpy by 2021.”
Last week’s DW Monday was also in the news:
A key theme at the SMM Conference in Hamburg last week (and highlighted in DW’s keynote address) was the innovation within both the offshore (oil & gas and renewables) and marine markets aimed at reducing costs and improving operational efficiency.