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In the News

In the News, May 15 2015

By May 18, 2015September 7th, 2022No Comments

DW in the NewsThere have been a lot of references to Douglas-Westwood in the news this week including four different features in this month’s Offshore Magazine:

 An article by Mark Adeosun about Douglas-Westwood’s World Deepwater Market Forecast 2015-2019 was featured in this month’s Offshore Magazine:

“Douglas-Westwood (DW) expects deepwater Capex to rise post-2016, driven by the continued development of deepwater fields off Latin America and West Africa, as well as new developments off East Africa.”

Offshore Magazine May 2015 

The World Drilling & Production Market Forecast 2005-2021 was referenced in a different article in the same magazine:

“According to DW UK Researcher Matt Cook, Australia’s offshore production is projected to more than double its current levels between now and 2021. This projected increase to 2.1 MMboe from 1 MMboe is due to offshore gas projects.”

Offshore Magazine May 2015

The DW Monday from the 16th of March about the offshore accommodation market was also featured in the publication:

“The global offshore accommodation market has seen significant growth over the past five years, with persons on board (PoB) requirements increasing by 27% between 2009 and 2014, according to Douglas-Westwood London.”

Offshore Magazine May 2015

Douglas-Westwood’s World FLNG Market Forecast 2014-2020 was another report referenced in Offshore Magazine:

“According to analysts at DW, total expenditure for the 2014-2020 period could total $64.4 billion. Year-on-year growth over this period is forecast to average 64% per annum, with two-thirds of this spend going toward liquefaction infrastructure.”

Offshore Magazine May 2015

Jason Waldie was featured in an article that appeared in April’s edition of Maritime Reporter and Engineering News.

“According to OMSA and Douglas-Westwood’s Waldie, day rate cuts across the industry have been averaging 35%, alongside a significant contraction in capital expenditures for new projects.” (Pg. 46-51) April 2015

Jason Waldie was also quoted in the Q2 edition of Maritime Professional magazine:

All the major drilling companies have lost 50% of their value – Ensco, Transocean, Seadrill – banks absolutely don’t want to lend them money,” says Jason Waldie, energy analyst for Douglas-Westwood.”

Maritime Professional Q2 2015

Mike Haney’s speech at OTC continues to generate news this week:

“Douglas-Westwood’s Houston Director Michael Haney said, ‘about 100 jackup rigs are in shipyards in China, no doubt, a number of jackup rigs will be delivered directly to idle.” 08/05/2015 08/05/2015 11/05/2015

Japan Drilling Co released their quarterly results (in Japanese) this week and in it quoted DW’s World Deepwater Market Forecast 2015-2019, as well as older versions of the report:

“Deepwater development 2015-2020 to see investment of 210 billion US dollars (about 25 trillion yen), an increase of 69% compared to the previous five years.” 10/05/2015

Douglas-Westwood’s World ROV Operations Market Forecast 2013-2017 was featured on a Chinese language news site:

“Deep-sea robots, for example, according to Douglas-Westwood’s forecast, from 2013 to 2017 in five years, the cumulative expenditure for deepwater operations in the world is expected to reach $ 9.7 billion.” 08/05/2015

A recent DW article about Venezuela was featured on another website this week:

“Few countries have been hit harder by falling crude oil prices in recent months than Venezuela; an OPEC member and the holder of the world’s largest volume of oil reserves.” 13/05/2015

Douglas-Westwood was also quoted on a number of other Chinese news sites:

“Douglas-Westwood statistics show that in 2008, worldwide oil production in 66 countries have reached or exceeded the peak.” 11/05/2015 12/05/2015 12/05/2015 13/05/2015 13/05/20015

Douglas-Westwood was quoted on Russian language site Celado this week:

“Consulting firm Douglas-Westwood believes that to achieve a positive cash flow almost half of oil projects in the US need the price of oil over $120 a barrel.” 11/05/2015

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

“Douglas-Westwood says the oilfield services industry is in a “holding pattern” because of the steep fall in the oil price and the need for the industry to cut costs.” 11/05/2015 11/05/2015 11/05/2015 11/05/2015 11/05/2015 11/05/2015 11/05/2015 11/05/2015