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In his last presentation in Singapore in April 2009 with oil prices down at US$50, John Westwood forecast that global economic activity would increase led by the S E Asian region; oil prices and oil services sector stocks would again rise, but at a more measured pace.
But following months of lowered consumption what has happened to the much discussed 'peak oil'? What is the future for energy prices in a world becoming dominated by state-owned National Oil Companies? What is the significance of the growing relationships between China and the NOCs and what will be the impact of such factors on the oil & gas services business in the region? These are amongst the subjects to be covered in this wide-ranging presentation.
John will also update us on his company's expenditure forecasts for activities ranging from floating production to offshore operations & maintenance and the newly emerging offshore wind power sector being targeted by some oilfield companies.
About the speaker:
John Westwood is a noted commentator on the energy industries, appearing in international and regional media worldwide. With a background in subsea technology, beginning in the North Sea, he spent 12 years in the offshore oil & gas industry and the past 20 years heading industry analysts Douglas-Westwood Limited. DWL has completed over 600 projects since its formation in 1990 and has provided information and consultancy services to clients in over 60 countries. The firm acts as strategy advisers to industry, commerce, governments and presidential offices worldwide. |
