Skip to main content
In the News

In the News, 8th April 2016

By April 8, 2016September 7th, 2022No Comments

DW in the NewsThere are a large number of reports, including the recently released OFS and Deepwater market forecasts, getting mentioned on news sites:

FMC referenced DW in its Q1 2016 overview, which was covered by a number of news sites:

“According to Douglas-Westwood report, a further decline in subsea hardware installations is expected in 2017 and 2018.” 28/03/2016 30/03/2016

A new edition of DW’s World Oilfield Services Market Forecast was released this week and numerous news sites referenced it:

“According to the forecast report, the OFS market is expected to steadily increase from $192 billion in 2016 to $241 billion in 2020, after falling 38% year-on-year from 2014 to 2015.” 06/04/2016 06/04/2016 06/04/2016 06/04/2016 06/04/2016 07/04/2016 07/04/2016

Douglas-Westwood’s recently released World Deepwater Market Forecast 2016-2020 was referenced on a number of sites this week, including Upstream:

“Global deepwater spending is forecast to total $137 billion between 2016 and 2020, down 35% from a year-ago forecast for 2015-2019, Douglas-Westwood Ltd. (DW) analysts said.” 29/03/2016 29/03/2016 01/04/2016

The Iran Oil & Gas Market Forecast 2016-2020 was also in the news this week:

“Iran’s oil and gas sector boasts great potential post-sanctions but several barriers remain for investors, according to Douglas-Westwood (DW)’s latest Iran Oil & Gas Market Forecast.” 05/04/2016

A recent press release for DW’s World Drilling & Production Market Forecast 2016-2022 was featured in the news:

“After a myriad of project delays and cancellations, DW’s deepwater drilling forecast for 2016 – 2021 is 44% lower – production is now anticipated to peak at 2.8 million boe/d in 2019 before declining to 2.5 million boe/d by 2021.” 28/03/2016 01/04/2016

The North Sea Decommissioning Market Forecast was featured in the news again this week:

“A recent report by energy consultancy Douglas-Westwood estimates that 146 platforms will need to be decommissioned in British waters alone by 2026.”
TheNational.Scot 28/03/2016

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

“Backlogs have been historically high in recent years – following record levels of subsea tree orders posted in 2013-2014. The process of working through these backlogs has thus-far cushioned the market against the decline in order activity seen in 2015.” 04/04/2016 04/04/2016 04/04/2016 04/04/2016 04/04/2016 04/04/2016 04/04/2016 04/04/2016 04/04/2016 04/04/2016


The DW Monday from two weeks ago that focused on the recent UK tax breaks for oil and gas fields was also in the news and featured on a number of websites as well as in TradeWinds (see attached):

With production in decline, the U.K. oil and gas industry has been severely impacted by a longer than anticipated suppression in oil price…Ultimately, a change in taxation regime is not going to dramatically alter the fate of production operations within the North Sea.” 28/03/2016 28/03/2016 28/03/2016 28/03/2016 29/03/2016 29/03/2016 30/03/2016 30/03/2016 30/03/2016 30/03/2016 01/04/2016