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In the News, April 17 2015

By April 17, 2015September 7th, 2022No Comments

DW in the News
DW has been reported in the news for a variety of reasons this week with our work on the Energy 2050 programme, the release of the World Subsea Hardware Market Forecast and DW Monday all garnering attention:

 Our recent project work with Energy Voice was referenced on their website this week:

“Industry insights will be compiled from the survey responses by energy and marine forecast specialist and partner of the Energy 2050 programme, Douglas-Westwood.” 14/04/2015 Energy Voice launch new research bid to gauge the present and future of oil


Partner in the project, Burness Paull also referenced it on their website:

“Burness Paull is pleased to be partnering with Douglas-Westwood and RGU in an important global oil & gas sector research initiative ‘Energy 2050 – Securing Our Future’, led by Energy Voice.” 14/04/2015 Energy 2050 – Securing Our Future

News website New Eastern Outlook referenced DW in an article this week:

“Douglas-Westwood, an energy advisory firm, estimates that nearly half of the US oil projects under development need oil prices greater than $120 per barrel in order to achieve positive cash flow.” 17/04/2015 The Next Financial Tsunami Just Began in Texas 

The Subsea Hardware Market Forecast was released this week and was mentioned in a number of publications:

“In its new World Subsea Hardware Market Forecast 2015–2019 report, Douglas-Westwood (DW) forecasts that global subsea hardware CAPEX will total $145 billion between 2015 and 2019.” 10/04/2015 DW: SUBSEA HARDWARE SPEND TO REMAIN HIGH


PennEnergy also had the article:

“Ben Wilby, report author, commented, “This represents growth of more than 27% compared with the preceding five-year period. The 350 subsea tree installations in 2014 represent the highest volume of installed units on record” 10/04/2015 DW: Subsea hardware spend to remain high

The recently released Deepwater Market Forecast was also mentioned this week:

“Deepwater expenditure is expected to increase by 69%, compared to the preceding five-year period, totaling US$210 billion from 2015 to 2019, according to Douglas-Westwood’s World Deepwater Market Forecast.” 17/04/2015 China South Rail acquires British deep-sea specialist company

Website ChinaDaily referenced the ROV Market Forecast in an article this week:

“Even so, the sector is growing. ROV operational expenditure will be about $9.7 billion from 2013 to 2017, an increase of nearly 80 percent compared to the previous five years, according to UK energy consultancy Douglas-Westwood.” 16/04/2015 Zhuzhou CSR nets subsea firm in UK

DW Monday appeared on a number of websites this week:

“Considering the above, Shell seems to be the healthiest among the European majors, but crucially lacking in long-term organic growth opportunities.” 13/04/2015 Supermajors’ Q1 Earnings to be ‘Weakest in Recent Memory’


World Oil was another that featured DW Monday on their website:

“DW also imposes that amongst the other factors, refining interests are a key driver of this disparate performance.” 15/04/2015 Supermajor’s first quarter 2015 earnings to be the weakest in recent memory: Douglas-Westwood


Offshore Energy Today had an article as well:

“Operational and financial indicators for FY 2014, however, reveal that recent performance amongst the big 5 has been far from homogeneous.” 13/04/2015 DW: Supermajors’ Q1 earnings to be ‘weakest in recent memory’


Russian website NGV also had a feature:

“However, the operational and financial performance of the financial 2014 show that the production figures among the five “giants” were far from uniform.” 15/04/2015 Douglas-Westwood: Big Oil in the world of low prices


Norwegian news site was another to feature it: 14/04/2015 Tough for the major oil companies


It was also featured on website Energy News Premium:

“Major cost reduction measures by the world’s super-majors responding to plummeting oil prices will not save their Q1 2015 earnings, which London consultancy Douglas Westwood expects to be the weakest in recent memory.” 16/04/2015 US majors outperform Europeans: DW


Sister site ENB also had DW Monday: 16/04/2015 US majors outperform Europeans: DW


4-Traders had the press release on their website:

“Despite major cost reduction measures, Q1 2015 earnings for supermajors are expected to be the weakest in recent memory.” 13/04/2015 Douglas Westwood : DW Monday: Big Oil in a Low Price World


Noodls also featured DW Monday:

“The Americans outperformed the Europeans. Exxon and Chevron posted high net margins of 8.3% and 9.1%, respectively. Shell’s was a more modest 3.5%, whilst BP (1.1%) and Total (2.0%) struggled badly.” 13/04/2015 DW Monday: Big Oil in a Low Price World