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In the News

In the News, 27th May 2016

By May 27, 2016September 7th, 2022No Comments

DW in the NewsA number of DW’s market forecasts have been in the news this week:

Thom Payne was quoted after speaking at this year’s Offshore Support Journal Middle East Conference:

“Recovery is coming, said Douglas-Westwood associate director, Thom Payne, but will not be enough to bring everyone up.” 24/05/2016

The recently released World Oilfield Equipment Market Forecast 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.” 23/05/2016

Another report to feature in the news was the North Sea Decommissioning Market Forecast 2016-2040:

“Energy consultancy DW has argued that the long-term nature of the price crash will force operators to consider decommissioning. In a recent article in SPE’s Oil and Gas Facilities magazine, it forecast “a spate of abandonments” by the end of this decade.” 24/05/2016

Douglas-Westwood’s Iran Oil & Gas Market Forecast was featured in the May edition of Offshore Support Journal:

“The analyst says the lifting of international nuclear-related sanction on 16 January 2016 represents a significant step forward for Iran’s re-entry into the global oil and gas market.”

DW was referenced in an article on deepwater activity in Africa:

“In March, DW said it had revised its forecast on West Africa. After noting its positive short-term outlook, the firm said that once the giant Egina and Kaombo developments are completed, it expected a significant lull in activity”

This week’s DW Monday was in the news:

“Solar PV – deployed in Europe for over two decades – can hardly be called a new technology. However, in recent years we have seen the rapid adoption of solar PV throughout America and Asia – particularly in India, China and SEA.” 23/05/2016 23/05/2016 23/05/2016 24/05/2016 25/05/2016 25/05/2016 25/05/2016