Latest News
Wednesday May 21st 2008:
Global Energy Supplies Cannot Meet Forecast Demand
In a hard-hitting opening presentation to an audience of industry professionals at the All Energy Conference in Aberdeen, Scotland today, John Westwood Chairman of energy analysts Douglas-Westwood attacked the, “impossible dream of ever abundant energy supplies”, and outlined, “the major challenges the developed world faced in just keeping the lights on let alone feeding the needs of the developing world.
Friday April 11th 2008:
Work-class ROV manufacturer SMD acquired by private equity group Inflexion
Douglas-Westwood provided commerical due diligence.
Wednesday April 9th 2008:
Douglas-Westwood: New Appointment
Andrew Reid has been appointed Managing Director of the energy business analysts Douglas-Westwood Limited (DWL). Previously Operations Director with divisional responsibility for the firm’s transactions services business, Reid will continue to be based at Douglas-Westwood’s Aberdeen office. Andrew joined Douglas-Westwood in 2006 and was appointed to the board in 2007.
Wednesday April 2nd 2008:
The Arctic: the final frontier
The arctic is becoming the exploration location of choice for many international operators.Douglas-Westwood's Managing DIrector, John Westwood, reviews the opportunities and challenges presented by the continent.
Tuesday March 11th 2008:
Presentation at Oceanology International 2008
John Westwood's presentation made at Oceanology International in London on March 11th - 'Meeting future energy needs'.
Wednesday March 5th 2008:
Market fundamentals driving oilfield services investment boom
Today, Douglas-Westwood Limited, the energy business consultants, announced it has provided advisory services to $10 billion of energy related transactions during 2007. Andrew Reid, director of Transaction Services, commented, “2007 has proven to be highly active as far as energy related M&A activity is concerned. Although our work is predominately global, the UK market is still highly influential in the raising of private equity and debt and we expect to see this continue at least for the first half of 2008”.
Wednesday February 20th 2008:
FLNG Market Outlook Presentation
Macro-economic drivers, sector context and technology concepts.
Tuesday February 12th 2008:
$45bn market awaits Scottish subsea sector
Global revenue in the buoyant subsea oil and gas industry is expected to rise by a third from $35bn (£18bn) a year to $45bn by 2012. These findings are in a report commissioned by Scottish Enterprise on the eve of Subsea \'08, Europe\'s biggest event for the subsea oil and gas sector.
Tuesday February 12th 2008:
Douglas-Westwood completes its 500th project
Douglas-Westwood recently completed their 500th project since formation in 1990. The work was for Scottish Enterprise, a key client for the firm since its beginnings. “It was a particular pleasure that our 500th project was for Scottish Enterprise, an organisation who was one of our very first clients” said John Westwood.
January 2008:
SUT Global Offshore Prospects Presentation
Houston, London & Aberdeen Jan 2008
Monday 14th January 2008:
Of Presidents & Power; of Energy & Elections
A number of people have requested a copy of the text of John Westwood’s speech at the SUT Scholarship Dinner at the Petroleum Club, Houston January 9th 2008. Please feel free to use / circulate as you wish.
Wednesday 10th January 2008:
Surging demand forecast for offshore energy services
“The offshore oilfield services sector is facing unprecedented levels of business; some companies that might normally have a six-month backlog are now booking work for 2011. Recent $100 oil has only served to add to the already massive demand for the products and services of firms that supply the offshore oil & gas companies. Suppliers are virtually beating off the customers, but demand continues to grow.
In his annual address to some 150 oil industry executives at the Society of Underwater Technology in Houston today, John Westwood, of energy business analysts Douglas-Westwood, delivered a portfolio of forecasts of future prospects for offshore energy industry business sectors.
Wednesday 12th December 2007:
Skills shortages could scupper UK energy plans
Surging demand for energy, an aging workforce and a lack of new entrants to the industry is combining to threaten delivery of the energy strategies of countries worldwide. Addressing delegates at the ‘People: The Real Energy in Oil & Gas’ conference in London today, John Westwood, MD of energy business analysts Douglas-Westwood, cited the UK as likely to have particular problems with delivery of its power station replacement and renewable energy plans. “We are seeing an unprecedented demand for energy, driven by China in particular, at the same time as production of oil & gas is reducing in non-OPEC areas such as the UK North Sea. The result is oil prices at record levels and a surge in exploration & production activity, particularly in the Middle East. This is fuelling major worldwide competition for human resources at all levels, but the key need is for experienced staff.
Wednesday 5th December 2007:
€11.1 billion to be invested in offshore wind
Addressing delegates at the European Offshore Wind Conference in Berlin today, Douglas-Westwood (DWL) managing director John Westwood presented findings of a new study of the growing offshore wind energy industry and highlighted significant growth, fast-rising costs and shifting market dynamics.
Wednesday 28th November 2007:
Into the Deep: Major Brazilian Find Highlights Importance of FPS Sector
Petrobras’ recent Tupi discovery will, if current estimates of up to 8 billion barrels of recoverable reserves are accurate, become the largest deepwater discovery ever made. The outcome is that Brazil could see a continued series of potentially-huge development prospects in store within the floating production sector. Brazil already accounts for nearly 25% of Douglas-Westwood’s floating production forecast capex through to 2011 and looks set for sustained activity beyond this, with Tupi potentially requiring many phases of development.
Friday 12th October 2007: Deepwater expenditure to reach nearly $25 billion annually by 2012
A new study published today by analysts Douglas-Westwood The World Deepwater Market Report 2008-2012 forecasts that nearly $25 billion will be spent annually in deepwater capital expenditure by 2012. Speaking at the Deep Offshore Technology International Conference 2007, Stavanger, today, John Westwood, Douglas-Westwood MD commented that “the deepwater oil & gas industry is set for continued growth through to 2012, with over 30% growth forecast for the 2008-2012 period when compared with the previous five years.
Thursday 4th October 2007: Financing Offshore Exploration & Production 2007
Speaking at the Crowne Plaza Hotel, London, Steve Robertson's presentation discussed the world offshore drilling market through to 2011 - a $62 billion market. Covering global energy issues, offshore drilling demand & supply, forecast capital expenditure and conclusions.
Wednesday 3rd October 2007: Onshore Pipelines Market Prospects
A presentation by John Westwood covering current infrastructure, demand drivers, market prospects and conclusions.
Wednesday 26th September 2007: AUV outlook - "a $1.8 billion market to 2017"
A new study published today by Douglas-Westwood, “The AUV Gamechanger Report 2008-2017” forecasts that over 900 Autonomous Underwater Vehicles (AUVs) will be required over the next decade at a cost of some $1.8 billion.
Thursday 2nd August 2007: North Africa Primed for Growth
The region's Hydrocarbon industry is on the cusp of significant growth in both upstream and downstream capital expenditure, and is detailed in Douglas-Westwood's new report
Monday 25th June 2007: Russian Oil & Gas Services Boom
Speaking at conferences in both London and St. Petersburg, Douglas-Westwood outlined the scale of the opportunities available to investors.
Tuesday 22nd May 2007: FPS Market Outlook - “a $38 billion market 2007-11”
Presentation by John Westwood to Floating Production, Storage & Offloading Systems 2007
Monday 14th May 2007: FT Press Release
'Heavyweight tapping a growing market ' Wellstream market capitalisation rises from £318m to £390
Monday 14th May 2007: 3i Sells Corpro Stake to SCF
Market due diligence performed by DWL
Monday 14th May 2007: LNG Market Outlook - '$25 billion market by 2011'
Steve Robertson's presentation to Lloyd’s List , LNG Shipping 2007
Friday 4th May 2007: German EU Presidency Conference - Bremen
Presentation by John Westwood entitled ' The Global Market for Marine Products & Services'
Wednesday 2nd May 2007: World Floating Production Report 2007-2011
Eagerly awaited new edition
Thursday 19th April 2007: Offshore Energy to 2025
John Westwood's keynote presentation to MARIN 75th Anniversary Conference, 18th April 2007
Wednesday 18th April 2007: World Offshore Oil & Gas Forecast 2007-2011
New edition of the unique Oil & Gas Forecast from DWL & EnergyFiles
Friday 30th March 2007: World Offshore Drilling Report 2007-2011
New edition of the definitive DWL drilling report
Friday 30th March 2007: Offshore Energy Market Prospects Presentation
John Westwood's paper to Offshore Survey 07, Southampton, UK
Thursday 29th March 2007 : Maritime Security Presentation
Micheal Robertson's paper 'Ports: Facing the IMO, Pirates & the USA' to the Nautical Institute, Glasgow, UK
Thursday 29th March 2007: Global Energy Trends Presentation
Steve Robertson's paper for the TSI’s Sulphur World Symposium 2007, Amsterdam
Tuesday 27th March 2007: The World ROV Report 2007-2011
New addition of Douglas-Westwood's popular ROV report
Friday 23rd March 2007: Offshore West Africa Conference Presentation
John Westwoods paper entitled 'Offshore West Africa Market Prospects' given at the OWA Conference, Abuja, Nigeria 18th March 2007
Thursday 15th March 2007: Russian Oilfield Services Market Report 2007-2011
Douglas-Westwood's groundbreaking new report to be published soon. DWL present the first edition of The Russian Oilfield Services Market Report 2007-2011. This is the first publicly available report detailing the multi-billion dollar opportunity in this high growth sector, examining a multitude of cost centres including drilling, workover, completion, seismic acquisition, directional drilling and electrical submersible pump manufacture.
Tuesday 20th February 2007: Demand has service firms working full out
Press & Journal article 19/02/07
Friday 9th February 2007: Prospects for the Global Subsea Market
Our presentation to the Subsea07 conference in Aberdeen attended by George Osbourne, the UK Shadow Chancellor for Subsea UK Aberdeen 2007
Thursday 8th February 2007: Unprecedented growth forecast across subsea oil and gas industry
The booming subsea oil and gas industry is on the verge of a major period of growth with its global revenue estimated to rise by more than a third from $29 billion to $41 billion by 2011. These findings are from a new report commissioned by the Scottish Enterprise energy team from Douglas-Westwood and unveiled at Subsea 07.
Tuesday 6th February 2007: Deals February 2007
Douglas-Westwood provided market due diligence for three recently-completed deals including Sovereign Oilfeld Group's acquisition of Forfab and Triton Holding's purchase of ROV manufacturer Perry Slingsby's capital.
Thursday 1st February 2007: Subsea UK Aberdeen 2007
Our new subsea report, commissioned by Scottish Enterprise, will be launched at this years Subsea UK's flagship conference in Aberdeen to be attended by George Osbourne, the UK Shadow Chancellor
Thursday 11th January 2007: SUT Houston 2007
John Westwood Learning Luncheon: "Prospects for the Global Offshore Industry 2007-2011"
Tuesday 12th December 2006: 'Potential for increased recovery drives subsea processing'
Magazine Article from the November 2006 issue written by Steve Robertson of DWL and George Trowbridge of OTM the joint authors of the Subsea Processing Gamechanger Report 2006-2015
Friday 8th December 2006: Prospects for the Global LNG Business 2006-2010
DWL Oil & Gas Manager, Steve Robertson's paper at OSEA2006
Thursday 7th December 2006: FPSO Supply and Demand - Impact on Project Delivery, Schedule and Risks
Global FPS Conference presentation by DWL's Andrew Reid
Wednesday 6th December 2006: John Westwood on CNBC
John Westwood talks with CNBC's Amanda Drury on global oil supply.
Tuesday 5th December 2006:: John Westwood on Bloomberg
John Westwood talks with Bloomberg's Paul Gordon from Singapore about the outlook for an increase in demand for natural gas, industry consolidation and supply concerns.
Tuesday 5th December 06: Global Offshore Prospects
John Westwoods Breakfast Club and opening presentations at OSEA2006
Global Offshore Oil & Gas Prospects – An Expert View
Download keynote speach OSEA2006
29th September 2006: NSIG Business Breakfast presentation
Presentationof the 'Energy Review' by John Westwood - now available for download
21st September 2006: Energy Cranes refinancing
DWL provided the commercial due diligence for the £29 million refinancing of Energy Cranes International.
13th September 2006: Motherwell Bridge management buyout
DWL provided the commercial due diligence for the £15 million management buyout of Motherwell Bridge.
11th September 2006: Rovtech purchased by Fugro
DWL provided the commercial due diligence for Fugro's purchase of Aberdeen-based ROV operator Rovtech.
3rd August 2006: EEEgr06 Delegates oil price forecasting success
Delegates at the East of England Energy Group 2006 Summer Conference have been breaking open the champagne after oil prices hit $74.39 a barrel – up from $56.66 at the same time last year.
13th July 2006: EEEgr06 - Norwich, UK
Keynote presentation by John Westwood to the East of England Energy Group annual conference 2006 - 'The Global Energy Scene Prospects for the East of England'.
Download Presentation
6th July 2006: Douglas-Westwood Ltd Celebrates its 400th Commissioned Study
DWL has been awarded its 400th project on the energy & marine industries bringing the total of clients countries to 37.
Our business and market research assignments have spanned the energy industry from oil exploration technology to electricity trading. We have completed projects for clients in the marine, the environmental and financial industries and assisted regional and national government with development of strategies for industrial development. A constantly recurring theme is the impact of technology on markets.
DWL Overview - download our one page overview
Downloads - browse our archive of press releases, papers and articles
eNewsletter - sign up for our mailing list.
29th June 2006: POWER Presentation - Windforce 06, Germany
Offshore wind energy represents one of the greatest potential sources of renewable energy within Europe. John Westwood's presentation 'The supply chain for offshore-wind around the north sea: analysis of opportunities and bottlenecks' from the Windforce 06: Course Offshore conference is now available to download
Download Presentation
14th June 2006: M&A Power Well Services
Douglas-Westwood provided commercial due diligence on the Expro International Group £366million acquisition of Houston-based well-testing and flow-management specialist Power Well Services (PWS)
More Information
1st June 2006: Subsea Solutions, La Defence PARIS
"The importance of West Africa – A Macro-Economic View" presentation given by John Westwood at the Subsea UK conference in Paris.
Download Presentation
4th May 2006: DWL Expands to Aberdeen
Douglas-Westwood are pleased to announce the appointment of a new Director Andrew Reid and the launch of an Aberdeen office in the City's west end.
Press Release
1st May 2006: M&A - KBR Production Services Network
Douglas-Westwood provided commercial due diligence on the BoS-financed MBO of Production Services in a deal expected to result in a pre-tax gain to Halliburton of $100 million.
More information
27th April 2006: M&A - Abbot Group
Douglas-Westwood provided commercial due diligence on the £535m finance facility for Abbot in their acquisition of Songa AS.
More information
5th April 2006: Offshore Wind: At a Crossroads
The UK’s leading renewable energy body BWEA, together with Renewables East, the renewable energy agency for the East of England, today releases new research which shows that the offshore wind industry is at a critical crossroads.
The report, written by DWL and BVG Assocaites was undertaken over the past four months through extensive interviews with over thirty companies active in the sector, has shown that without additional support for the sector only 2,000 megawatts (MW) of offshore wind capacity will be installed in UK waters by 2015.
BWEA is today, at its Offshore Wind Conference in London, urging the Government to ensure it prioritises offshore wind in the current Energy Review and to put in place the necessary measures to ensure the current economic gap for offshore wind is closed while maintaining the strong progress being achieved onshore.
4th April 2006: New-look dw-1.com!
Welcome to the all-new Douglas-Westwood site.
Our entire web presence has been re-vamped - you willl find it more welcoming, more user-friendly and more useful!
- Online shop - browse our World-leading product range and purchase easily and securely.
- Management team - profiles of DWL staff.
- Downloads - browse our archive of press releases, papers and articles
- eNewsletter - sign up for our mailing list.
We hope you enjoy the new design - feel free to contact us with any comments or suggestions to improve your future visits!
27th March 2006: M&A - Epcon Offshore AS
Douglas-Westwood provided market due diligence services to CIBC World Markets and Epcon Offshore AS in the recent sale by private equity firm 3i of its stake in the company to M-I Swaco. CIBC World Markets acted as financial advisor to the vendors.
3rd March 2006: POWER - Lowestoft, SUFFOLK
Businesses and stakeholders are invited to join the POWER partners at a business breakfast in the UK, providing a North Sea wide perspective on offshore wind energy. John Westwood of Douglas-Westwood Ltd and Albrecht Tiedemann of DENA will be the main speakers at this POWER event, and the event marks the launch of two international studies of the offshore wind energy sector.
13th February 2006: M&A - Roxar AS
Private equity firm Arcapita today announced the acquisition of a 100% interest in Roxar AS. DWL provided commercial due diligence to Arcapita for the transaction, valued at $200m - Arcapita's largest corporate investment in Europe to-date.
Press release available soon
31st January 2006: M&A - Viking Moorings
DWL provided commercial due diligence on Inflexion Private Equity £22m MBO of Viking Moorings (formerly Balmoral Marine).
23rd January 2006: Wave and Tidal: Scale of the Opportunity
DWL's Benoit Dal Ferro delivered the scene-setting opening presentation on Resource and the Scale of Opportunity: France/UK/the World, 19th & 20th January at the DTI Renewable Energy Trade Promotion Service: Marine Energy Workshop - Le Havre, France 2006.
12th January 2006: Launch of New 'World' Drilling Report
Despite declining well numbers in many offshore areas, drilling services will attract a flood of cash for the industry if you know where to look. This unique report provides an essential and complete overview of the technology and future prospects for the offshore drilling business.
Leaflet - Contents list - Press release
12th January 2006: Produced Water Conference - Stavanger, Norway
DWL's Steve Robertson presented a paper based on the findings of the Epcon Project at the Stavanger conference on 18th January 2006.
Presentation available soon
12th January 2006: SUT DWL Presentation - Houston, USA
"Prospects for the Global Offshore Industry 2006-2010"
In his last two presentations to the SUT, John Westwood forecast the oil & gas price rises of 2004 and 2005. Is this period now at an end or was the testing of the $70 price band merely the beginning?