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.”
EnergyVoice.com 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.”
BurnessPaull.com 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.”
Journal-Neo.org 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.”
OGFJ.com 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”
PennEnergy.com 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.”
WantChinaTimes.com 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.”
ChinaDaily.com.cn 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.”
OilandGasPeople.com 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.”
WorldOil.com 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.”
OffshoreEnergyToday.com 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.”
NGV.ru 15/04/2015 Douglas-Westwood: Big Oil in the world of low prices
Norwegian news site Petro.no was another to feature it:
Petro.no 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.”
EnergyNewsPremium.net 16/04/2015 US majors outperform Europeans: DW
Sister site ENB also had DW Monday:
EnergyNewsBulletin.com 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.”
4-Traders.com 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.”
Noodls.com 13/04/2015 DW Monday: Big Oil in a Low Price World
