In the News

In the News, April 10 2015

By April 10, 2015 November 28th, 2019 No Comments

DW in the News
There has been a huge number of DW mentions over the last two weeks with a very popular DW Monday this week. It is the Deepwater Market Forecast however, that has dominated the news, generating a significant amount of interest in a number of countries:
 

March’s edition of Maritime Reporter had an article about the World LNG Market Forecast 2015-2019:

Maritime Reporter March 2015

“Report author, Amanda Tay, commented, “Global LNG Capex witnessed a slowdown in the period 2009 through to 2012, as a result of the global recession. Post-2012…the industry started picking up and has piqued investors’ interest in LNG projects again.”

 

This also appeared on the Marine Link website:

“Capex on global LNG facilities is expected to total $259 billion over the forecast period 2015-2019, according to the new ninth edition of DW’s World LNG Market Forecast 2015-2019, which predicts investments to be 88% larger than 2010-2014.”

MarineLink.com 25/03/2015 “Big Spending on Liquefaction Terminals


Eurasia Drilling Company released their 2014 financial results this week and referenced DW:

“DW compiled the historical data presented in these Materials from a variety of published and in-house sources, including interviews and discussions with market participants, market research, web-based research and competitor annual accounts.”

EurasiaDrilling.com Apr 2015 EURASIA DRILLING COMPANY LTD – 2014FY Results


A recent speech by Jason Waldie was referenced on Energy Press:

“Douglas-Westwood energy analyst Jason Waldie echoed the forecast, forecasting that deep-water exploration will only begin recovering after a two-year period.”

EnergyPress.eu 03/04/2015 Oil tender campaign to stretch beyond customary realms

The speech also appeared on a Greek news site:

“Also, according to analyst specialized on the energy company consultants Douglas-Westwood, Jason Waldie, companies operating in the offshore oil will begin to meet only after two years.”

Michanikos-Online.gr 03/04/2015 So in Brazil and Venezuela looks concerned for the 20 “plots” the YPAPEN


Andrew Reid was referenced in an article on the new UK O&G regulator:

“The conference, titled The Future Shape of the UKCS (UK continental shelf), featured presentations from seven industry experts, including Andrew Reid, managing director of market researcher Douglas-Westwood.”

EnergyVoice.com 27/03/2015 OGA on track to become executive agency


Douglas-Westwood was quoted in the April edition of the Journal Strategy of Russia

“Consulting firm Douglas-Westwood estimates that since 2000, the performance of capital investment in exploration and production decreased 5 times and further reduced by approximately 5% annually.”

SR.Fondedin.ru April 2015 “BLACK GOLD” IS NOT THE PRICE EXAMINATION


DW Analyst Ben Wilby was quoted in an article that appeared in E&P Magazines April edition:

“Current oil prices will hit a number of projects—although they are more likely to be delayed rather than cancelled—as operators will need to be sure that the profit is there before sanctioning them,” Wilby said.”

EPMag.com 01/04/2015 Keeping Subsea Fields Flowing


An article on developments in Africa referenced DW:

“DW has forecast a drop in deepwater completions in Angola in 2016. However…the short-term outlook for the country is positive and expects Angola to meet its 2015 target production of 2 MMbbl/d.”

EPMag.com 03/04/2015 Chance For Startups, Shakeups In West Africa


The World Deepwater Market Forecast was released recently and made the headlines of a number of publications, including Upstream who featured it in their daily news email:

“As production from mature basins onshore and in shallow water declines, development of deep-water reserves has become increasingly vital, particularly to the world’s oil majors,” said report author Mark Adeosun.”

UpstreamOnline.com 07/04/2015 Deep-water spend ‘set to surge’

 

Offshore also had an article on the Deepwater Market Forecast:

“Deepwater expenditure is expected to increase by 69%, compared to the preceding five-year period, totalling $210 billion from 2015 to 2019.”

Offshore-Mag.com 01/04/2015 Douglas-Westwood sees big deepwater spending increase to 2019

 

E&P Magazine also featured the Deepwater Market Forecast:

“Led by developments offshore Latin America and West Africa, the energy research firm Douglas-Westwood projects deepwater Capex will jump by 69% to $210 billion between 2015-2019, compared to the previous five-year period.

EPMag.com 02/04/2015 Forecast: Deepwater Spend Will Reach $210 Billion By 2019

 

The deepwater forecast even made it onto the wind power website TradeWinds:

“Expenditures on deepwater projects will rise by 69% over the next five years to total $210bn in that period, despite the current offshore downturn, says well-known consultancy Douglas-Westwood.”

TradeWinds.com 10/04/2015 Deepwater spending predicted to rocket up by 69% after 2016

 

Trade Arabia was another to feature the report:

“As production from mature basins onshore and in shallow water declines, development of deepwater reserves has become increasingly vital, particularly to the world’s oil majors, explained the World Deepwater Market Forecast 2015-2019”

TradeArabia.com 01/04/2015 Deepwater spend to total $210bn by 2019

 

The Trade Arabia article also appeared on the Middle East Association website:

The-MEA.co.uk 01/04/2015 Deepwater spend to total $210bn by 2019

 

Website and magazine World Oil was another with an article on the report:

“DW has identified a trough in global expenditure in 2015 and 2016 primarily driven by delays to delivery of FPS units in Latin America. We expect deepwater Capex to rise post-2016.”

WorldOil.com 06/04/2015 Deepwater spend to total $210 billion from 2015-2019: Douglas-Westwood

 

Nigerian News site This Day also included an article on the deepwater report:

“Assistant report editor, Balwinder Rangi said Africa, Latin America and North America would continue to dominate deepwater Capex, with $173 billion set to be spent over the next five years with Africa forecast to experience the greatest growth.”

ThisDayLive.com 07/04/2015 Douglas-Westwood: Deepwater Expenditure to Increase to $210bn

 

A Nigerian business news site also featured the news:

“It was also revealed that in addition to low oil prices, building oversupply and the lack of rig demand will impact capex growth over the forecast period.”

BizWatchNews.ng 07/04/2015 New Report Confirms Deepwater Expenditure To Rise To $210 Billion

 

African Market Intelligence site Asoko Insight was another to feature the story from This Day:

AsokoInsights.com 07/04/2015 Douglas-Westwood: Deepwater Expenditure to Increase to $210 billion (Nigeria)

 

Nigerian website Sweet Crude Reports featured the deepwater report as well:

SweetCrudeReports.com 07/04/2015 Deepwater Expenditure to Increase to $210bn – Douglas-Westwood

 

Press box was another to feature an article on the report:

“The report is now in its 13th Edition and includes forecast Capex for each region and drilling and completion (subsea and surface completed wells), subsea production hardware, SURF and trunklines forecasts.”

PressBox.co.uk 02/04/2015 Despite Imminent Project Delays, 2015-2019 Deepwater Spend to Total $210 Billion

 

The Petroleum Society of Australia also had the report:

“Despite the current industry downturn, deepwater expenditure is expected to increase by 69%, compared to the preceding five-year period, totalling $210 billion (bn) from 2015 to 201, according to a new study by Douglas-Westwood.”

PESA.com.au 01/04/2015 Deepwater spend to hit US$210 billion by 2019

 

Offshore Shipping Online also featured the deepwater report in an article:

“The World Deepwater Market Forecast is now in its 13th Edition and includes forecast capex for each region and drilling and completion (subsea and surface completed wells), subsea production hardware, SURF and trunklines forecasts.”

OilPubs.com 07/04/2015 2015-2019 DEEPWATER SPEND TO TOTAL US$210 BILLION

 

Website Business Intelligence was another to feature the report:

“Rangi added however that the development of these gas basins is inevitable, stressing that the expected recovery of oil prices will spark a revival in LNG-related activities in the region towards the end of the forecast period.”

BizIntelng.com 07/04/2015 DEEPWATER EXPENDITURE TO INCREASE TO $210BN- REPORT

 

Energy Mix Report had a feature on the report as well:

EnergyMixReport.com 07/04/2015 Deepwater expenditure to increase to $210bn – Douglas Westwood

 

It was also featured in Offshore Energy Today:

OffshoreEnergyToday.com 07/04/2015 DW: Africa to dominate deepwater Capex over next 5 years

 

Norwegian website Dagens Naeringsliv recently referenced the deepwater report:

“Analysis house Douglas-Westwood writes in a report Thursday that the total deepwater investments in the period 2015-2019 is expected amount to 210 billion dollars, up 69 percent from the previous five-year period.”

DN.no  07/04/2015 Heavyweights rise sharply on the Oslo Stock Exchange

 

Chinese news site Sinopec News also had an article on the deepwater report:

SinopecNews.com 08/04/2015 Deepwater to spend $210 billion from 2015-2019: Douglas Westwood

 

The Deepwater report was also featured on Hellenic Shipping News:

HellenicShippingNews.com 01/04/2015 Despite Imminent Project Delays, 2015-2019 Deepwater Spend to Total $210 Billion


The World FLNG Market Forecast 2014-2020 was referenced on Offshore Energy Today:

“Douglas-Westwood (DW), an energy intelligence group, in its “World FLNG Market Forecast 2014-2020″  said it expected total expenditure of $64.4bn from 2014-2020 in the FLNG market.”

Offshore Energy Today.com 03/04/2015 Eni: Coral FLNG FID expected by 2015 end

 

This article also appeared on website Offshore Crews:

OffshoreCrews.com 05/04/2015 ENI final Investment Decision for Coral FLNG Development 2015

 


The AUV report was mentioned on the site Foreign Policy:

“It would join a growing global AUV fleet, from some 600 in 2014 to an estimated 825 by 2018, according to the research firm Douglas-Westwood.”

ForeignPolicy.com 27/03/2015 Innovations: A Drone Called Wanda


The DW Monday from the 1st of April appeared on a number of websites:

“Many are wondering what this means for the oil and gas industry as tax was only one of the major problems, the other is industry costs,” said John Westwood, founder of Douglas-Westwood.”

OilPubs.com 01/04/2015 TAX REFORM WELCOME BUT INDUSTRY NEEDS TO TACKLE HIGH COSTS

 

Energy Global also featured the DW Monday article:

“The tax reform was welcomed by North Sea Operators such as EnQuest, who plans to invest circa US$600 million in Capex this year and believes the tax relief will benefit investment in existing assets in mature fields.”

EnergyGlobal.com 30/03/2015 Will the UK oil and gas tax reform be sufficient?

 

This week’s DW Monday was also featured on a number of websites:

“Douglas-Westwood (DW), UK’s energy business strategy, research and commercial due-diligence services provider, commented on “U.S. Shale – Gearing up for a price recovery” in its latest edition of DW Monday.”

Rigzone.com 06/04/2015 Douglas-Westwood: US Shale Gears Up for Price Recovery

 

World Energy News also featured DW Monday:

“DW expects significantly reduced OFS activity in the US in 2015, with 30% fewer wells drilled, and expenditure down 36% relative to 2014. In the current low price environment, there is a growing trend amongst operators to drill wells, but defer completion.”

WorldEnergyNews.com 06/04/2015 US Shale Gearing Up for Price Recovery

 

DW Monday appeared on the Maritime Today website as well:

“Forecasting prices is more difficult than ever, but continued short-term volatility seems very likely as the market struggles to find balance.”

MaritimeToday.com 06/04/2015 US Shale Gearing Up for Price Recovery

 

Oil & Gas Financial Journal had an article on DW Monday as well:

“While the oil industry has always been cyclical, the control dials are now in the hands of a new market player. The rapid introduction of new supply in the volumes seen from the US onshore industry is unprecedented.”

OGFJ.com 06/04/2015 DW: US SHALE GEARING UP FOR PRICE RECOVERY

 

DW Monday was also featured on Petro Global News:

“Douglas-Westwood expects U.S. upstreams to drill 30 percent fewer wells in 2015 and drop expenditures by 36 percent from last year.”

PetroGlobalNews.com 06/04/2015 After U.S. shale boom, global oil markets struggle for price balance

 

University professor Kjell Aleklett wrote an article on DW Monday:

“Every Monday DW in London use to present their DW Monday and today it’s it about “US Shale – Gearing Up for a price recovery”. The report describes how the US fracking industry is preparing to be a swing producer. The report by Iva Brkic”

Alklett.wordpress.com 06/04/2015 US Shale – Gearing Up for a price recovery

 

Oil&Gas Eurasia was another to cover DW Monday:

“Douglas-Westwood experts expect a significant slowdown in the US oilfield work in 2015, 30% fewer wells drilled and reduced costs by 36% compared to 2014 figures.”

OilandGasEurasia.com 06/04/2015 Douglas-Westwood: Slate industry adjusted to the US recovery in prices

 

MarineLink also featured DW Monday:

“As the proportion of DUCs grows, the resilience shown by US production may falter sooner than expected.”

MarineLink.com 06/04/2015 US Shale Gearing Up for Price Recovery

 

cDiver was another site to feature this week’s DW Monday:

cDiver.net 07/04/2015 Douglas-Westwood: US Shale Gears Up for Price Recovery

 

ENB also reported on DW Monday:

“RESEARCH house Douglas Westwood believes that the US unconventional oil scene has become the oil industry’s new “swing producer” as it looked at the strategy undertaken by key players like Apache.”

EnergyNewsBulletin.net 07/04/2015 Apache among new US shale swing force

 

ENP also featured it:

EnergyNewsPremium,net 07/04/2015 Apache among new US shale swing force