In the News

In the News, 29th April 2016

By April 29, 2016 November 28th, 2019 No Comments

DW in the NewsIt has been a busy week, with references in the Financial Times and Drilling Contractor, among numerous stories related to reports:

Matt Cook was quoted in the Financial Times:

“That growth is the result of decisions taken years ago, however. Matt Cook of Douglas-Westwood, a consultancy, says that because offshore projects take years to develop, the impact of falling oil prices is felt only after a lag.”

FT.com 24/04/2016

 

The quotes in the FT were also featured on a number of other sides:

“The few positive things we have seen is the result of decisions taken before the price drop. It is very possible that the worst part is still to come, assesses Matt Cook from the consultancy firm Douglas-Westwood.”

Finans.dk 25/04/2016
Gazeta.ru 25/04/2016
MarketNews.dk 25/04/2016
OilandGas360.com 25/04/2016
OilRU.com 25/04/2016
RosInvest.com 25/04/2016
TV2.dk 25/04/2016


Both Andrew Meyers and Matt Cook were featured on the Drilling Contractor website and in the May/June issue of the magazine. One article was about the offshore oil industry, the other onshore drilling :

“Even at the end of 2015, there had been some small hope that there would be a slight recovery in oil prices by mid-2016, lifting onshore drilling activities somewhat higher later in the year.”

DrillingContractor.org 27/04/2016 (Offshore)
DrillingContractor.org 27/04/2016 (Onshore)


Douglas-Westwood’s World Deepwater Market Forecast 2016-2020 was referenced on a number of news sites 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 and vessel owners.”

ScandOil.com 22/04/2016
MaritimeQuote.nl 24/04/2016


The North Sea Decommissioning Market Forecast was another report to appear in the news this week and was featured in the April issue of Marine Technology Reporter:

“The contraction in the North Sea has been supercharged by low oil prices, over the long-term the industry may not be able to turn things around. A report from DW, concluded that the British North Sea could see 150 oil platforms scrapped in just the next ten years.”

SeekingAlpha.com 23/04/2016
MarineTechnologyNews.com 26/04/2016
Marine Technology Reporter April 2016


Another report to feature in the news this week was the recently released World Subsea Hardware Market Forecast 2016-2020:

“DW’s latest subsea hardware market forecast predicts expenditure of $94.3 billion between 2016 and 2020. Report author Mark Adeosun said SURF and pipeline spend will account for more than 67% ($63 billion) of the forecast spend.”

EnergyEgypt.net 22/04/2016
OilPro.com 23/04/2016


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

“Scanning the newspapers, social media and analyst coverage this year, there is consensus that a recovery in oil prices is coming, as a function of a reduction in over-supply, and that we should expect upward movement in prices later this year.”

FinancialInsider.news 25/04/2016
MarineLink.com 25/04/2016
MarketDigestPro.com 25/04/2016
MyInforms.com 25/04/2016
NewsOnePlace.com 25/04/2016
OEDigital.com 25/04/2016
OffshoreEnergyToday.com 25/04/2016
Offshore-Mag.com 25/04/2016
OGJ.com 25/04/2016
OilandGasPeople.com 25/04/2016
ThisDieselGuy.com 25/04/2016
BreakBulk.com 26/04/2016
WildWellEnt.com 26/04/2016
WNP.pl 27/04/2016
NGV.ru 28/04/2016