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In the News

In the News, 30th September 2016

By September 30, 2016September 7th, 2022No Comments

DW in the NewsA large number of reports where featured in the news this week including the quarterly updates of the World Drilling & Production and World Oilfield Services Market Forecasts:


An article by Andrew Reid was featured in the Press and Journal and on the Energy Voice website this week:

“Prior to Thursdays announcement, and since 2015 unlike many other analysts at the time, Douglas-Westwood was of the view that the supply overhang would persist in 2017 and continue through to 2020.” 30/09/2016 30/09/2016

Mark Adeosun was quoted in an article on Mozambique LNG:

“We think FID is moving closer in Mozambique,” says Douglas Westwood analyst Mark Adeosun. “If it doesn’t happen in the next three months, it should certainly happen in the first quarter of next year.” 28/09/2016

A number of publications, including Upstream featured articles on the recently released World Oilfield Services Market Forecast 2016-2020:

“The North American onshore market will also see a significant rise in spending as global onshore expenditure gets set to rise appreciably to 2020, the report from Douglas-Westwood on Friday read.” 30/09/2016 30/09/2016

The latest quarterly edition of Douglas-Westwood’s World Drilling & Production Market Forecast 2016-2022 was also in the news this week:

“Douglas-Westwood’s latest World Drilling and Production Market Forecast sees oversupply increasing again in 2017.” 28/09/2016 28/09/2016 28/09/2016 28/09/2016 29/09/2016

Both the World FLNG Market Forecast 2017-2022 and World LNG Market Forecast 2017-2021 were featured in the news this week:

“The LNG industry continues to struggle through a prolonged storm of low prices, with LNG spot prices struggling due to oversupply. Henry Hub and Japan’s LNG spot prices declined by 28% and 57% respectively in August 2016 compared to the same period in 2014.” 29/09/2016 29/09/2016 29/09/2016

DW’s World AUV Market Forecast 2016-2020 was also in the news:

“The result is significant anticipated growth in demand according to analysts at Douglas-Westwood”

The North Sea Decommissioning Market Forecast 2016-2040 was referenced in the news this week:

“Single-lift vessels (SLVs) could help the offshore industry save almost $12 billion on the decommissioning of North Sea projects between 2016 and 2040, according to analyst Douglas-Westwood.” 26/09/2016 28/09/2016

Another report to feature in the news was the World Land Drilling Rig Market Forecast 2016-2020:

“Douglas-Westwood expects to see a further 21% decline in drilling activity in 2016, as operators adjust to a sustained low oil price environment.” 26/09/2016 28/09/2016

This week’s DW Monday was referenced in the news this week:

“Along with the Permian, the newly developed acreage in Oklahoma seems to provide some of the best economics of the North American oil plays.” 26/09/2016 26/09/2016