John Douglas Westwood, the founder of energy intelligence firm Douglas-Westwood, now part of Westwood Global Energy Group, passed away on January 5, the company has informed.Westwood’s previous Head of Oilfield Services, Steve Robertson provided a fitting tribute: 'John very sadly passed on the evening of the 5th January 2022, peacefully and with his three sons, Adam, Craig, and Rod, at his side. With the permission of his family…
The key to governing a late life oil province like the North Sea is getting the balance right between initiatives to maximize recovery in late life assets with the practicalities of planning for decommissioning. Fail on the first and…
Six of the offshore exploration wells that are set to drill in the UK in 2017 have an average pre-drill prospect volume of over 100 MMboe. Douglas-Westwood, through its Westwood Insight, asks if this signal a renaissance for UK exploration…
The oilfield service (OFS) industry can, at times, be intimidating in its complexity and depth. Furthermore, mega-mergers (e.g. GE – Baker, Technip – FMC, Wood Group – Amec Foster Wheeler) have created a supply chain that no-longer has homogenous…
Decommissioning in Western Europe is set to boom after numerous false starts, says Douglas Westwood’s Ben Wilby. The Troll A platform. Photo: Statoil/Øyvind Hagen. Decommissioning…
In recent years, the speed with which newbuild vessels have entered the market has amplified the subsea vessel demand/supply imbalance. This has been further exacerbated by sustained low oil prices, as operators defer the sanctioning…
EMAS' Lewek Constellation. Photo from EMAS Chiyoda Subsea. EMAS Chiyoda's bankruptcy announcement in late February is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015…
'2012-14 was very buoyant. 2015 was exceptionally hard and 2016 was painful,' and there's little by way of good news until 2018-19, Subsea Expo, being held in Aberdeen this week, was told this morning (1 February). Image…
Lloyd’s Register (LR), a provider of integrity, compliance and specialist risk consulting services, has begun its Subsea Inspection Services to support underwater inspections of subsea pipelines, assets and facilities to energy companies operating offshore…
Short-term production from the BP-led Azerbaijan’s Azeri-Chirag-Gunashli (ACG) project in the Caspian Sea is expected to be flat, and contain gas rather than oil, according to a new analysis from Douglas-Westwood (DW). ACG…
A sustained low oil price environment has led to a large number of delayed maintenance activities as operators continue to look to reduce costs wherever possible. The offshore maintenance, modifications and operations (MMO) market experienced…
For the offshore oilfield equipment and services industries, 2016 was a difficult year. Douglas Westwood’s Joel Hancock looks forward to see if there is a light at the end of the tunnel. The Maersk…
The oil and gas industry is known for being cyclical, however, the current reality of a “lower for longer” oil price has made sanctioning large offshore projects financially unviable, Douglas-Westwood (DW) said. Many oil majors have opted to focus on subsea well tiebacks…
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. In this context, Douglas…
Without higher oil prices, many new projects are thought to be uneconomic. Or are they? Douglas-Westwood recently reviewed more than 250 upstream capital projects sanctioned in the last four years to assess how industry costs are moving…
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