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  • 23 December 2013
    Business & Finance

    The owners of DeepWell AS (DW), where Solstad Offshore ASA (SOFF) have an ownership share of some 40%, have entered into a cooperation agreement with HitecVision AS (HV) to enable further development of the company. DW will in the near future do a share issue towards HV of NOK 285 mill. The share issue is […]

  • 1 February 2016

    The oil price collapse has been bad news for nearly every company involved in the industry, but one group that could actually benefit from it are specialist decommissioning companies, Douglas-Westwood, an energy intelligence group, has said in its DW Monday report.  According to Douglas-Westwood, for these companies there is an opportunity to be part of […]

  • 22 July 2013

    Armour Energy announced that the drilling of the Egilabria 2 DW1 lateral appraisal well has commenced from the Egilabria 2 vertical well at a depth of approximately 1300 metres. The Egilabria 2 DW1 lateral well is planning to target a range of possible trajectories based on drilling that will result in between 570 and 750 metres of […]

  • 24 August 2015

    Douglas-Westwood, an energy intelligence group, has said in its DW Monday report that Saudi Arabia has been hit hard by low global crude prices, and that with a considerable budget deficit, Saudi has been forced to begin borrowing from capital markets – $4billion in July. DW has said that the kingdom is highly reliant on […]

  • 14 August 2012
    Business & Finance

    North Sea Tankers BV announced that NST’s North West European pool concept (V6), has as of the 1st of August added M/T Bomar Mercury 7,003 dwt to the pool fleet. With this addition, the pool consist of seven (7) vessels with an aim to increase the pool fleet further with quality vessels. The pool members and […]

  • 21 September 2015

    For much of the period since the year 2000 – characterised by high and rising oil prices, and long-term concerns over global oil supply – decommissioning took a backseat, Douglas-Westwood, an energy intelligence group has said in its latest DW Monday report. Asset lives were extended through improved recovery, enhanced maintenance, and, critically, successful divestment. […]

  • 27 July 2015
    Equipment

    The subsea sector is highly consolidated with just five players servicing the $12 billion annual requirements of the global E&P community, Douglas-Westwood, an energy intelligence group, has said in its DW Monday report.  DW explained that the two largest, FMC and OneSubsea, account for approximately two-thirds of the market but despite this, have shown no […]

  • 10 August 2015

    After almost eight decades of Pemex monopoly, the Mexican energy sector is entering a new era of foreign oil company participation, Douglas-Westwood (DW), an energy intelligence group has said in its DW Monday report.  As DW elaborates, decade of steady decline in domestic oil & gas production has incentivised the Mexican government to lift the […]

  • 15 February 2016

    Iran’s position in the international O&G market was expectedly one of the highlight topics of IP Week, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. Approximately one month after the lifting of EU and US nuclear sanctions on Iran, DW said, the country’s Energy Minister has announced Tehran needs to attract a […]

  • 3 March 2017
    Business & Finance

    Total spend within the offshore wind market over the 2017-2025 period has decreased by 2%, from EUR 294 billion anticipated in Q4 2016 to EUR 289 billion, according to Douglas-Westwood’s World Offshore Wind Market Forecast Q1 2017-2025 report, an update to its report issued for the 2016-2025 period.

  • 8 August 2016

    There is a general consensus amongst industry analysts that the oil oversupply creating the current market downturn will narrow by the end of 2016, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. However, DW said, it is highly likely that the oversupply will increase once again in 2017.  The group said that its […]

  • 8 October 2015
    Business & Finance, Equipment

    Douglas Westwood (DW) reports that the oilfield equipment sector appears to be faring better, with average stock performance declining only 20%, compared to performance of major oilfield stocks which have suffered a 39% year-on-year drop. DW believes that exposure to multiple upstream segments has aided the majority of manufacturers, particularly those involved in subsea manufacturing. […]

  • 26 October 2015

    The recent JCPOA agreement reached between Iran and the P5 +1, and approval by the Iranian Parliament, is a big step forward in normalising Iran’s relations with the international community, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. DW said that, in anticipation of the removal of the economic sanctions, Iran has […]

  • 2 March 2015

    The low oil price is expected to dramatically impact O&G activity on the UKCS, said Douglas Westwood in its DW Monday Report. Most notably, the number of wells drilled will decrease – particularly E&A wells. In 2014, drilling campaigns were significantly smaller than forecast – only 14 exploratory wells were drilled from an anticipated 25. This […]

  • 30 May 2016
    Equipment

    Autonomous underwater vehicles (AUVs) still have, despite widespread use, the potential for substantial growth with each new technological advance increasing the viability of the vessels in different sectors, especially in the oil and gas industry, Douglas-Westwood, an energy intelligence group, said in its DW Monday report.  Technological advancement has driven growth in the sector and […]

  • 8 February 2016

    Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected to remain as the market is yet to find a new equilibrium. So far, only modest cuts in US shale production have been realised, and global oil supply has […]

  • 16 February 2015

    As the second largest oil producer in Africa, Angola is heavily dependent on the oil sector, making it vulnerable to oil price fluctuations, Douglas Westwood, an energy intelligence firm writes in its “DW Monday” report. In addition, drilling costs offshore Angola are very high, and DW forecasts a resultant drop in deepwater completions in Angola in […]

  • 5 September 2016
    Equipment

    Offshore surveys are a necessary precursor for both oil and gas and renewable energy installations on the seafloor. However, current market conditions are forcing all parties in the supply chain to rethink their approach, said Douglas-Westwood in its DW Monday report. Douglas-Westwood (DW), an energy intelligence group, noted that surveys (oceanographic, geotechnical, geophysical, etc.) are critical particularly […]

  • 22 June 2015

    The crash in oil prices has led to a dramatic decline in the number and value of awards for FPSO units, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. According to DW, there have only been three contracts awarded this year; a conversion for the Sankofa-Gye Nyame development, located in the Eni-operated Offshore […]

  • 10 August 2011

      German energy giant RWE has confirmed that Peter Terium will replace embattled CEO Jürgen Grossmann next year.   By Sam Edmonds and Nathan Witkop (dw-world) [mappress] Source: dw-world, August 10, 2011;

  • 30 November 2015

    With a mere four orders so far this year the Floating Production System (FPS) sector is suffering. However, things are anticipated to be better next year, with the US Gulf of Mexico in particular, having a surprisingly bright future, Douglas-Westwood, an energy intelligence group said in its DW Monday report.  The area is expected to […]

  • 14 November 2016

    The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report. In this context, DW has […]