International Maritime Associates (IMA) is a firm of business consultants specializing in market analysis and strategic planning for companies in the marine and offshore sectors.
February 14, 2019Jim McCaul — IMA/World Energy Reports has just completed a twelve month detailed assessment of the floating liquefaction and regasification market. The 150+ page study examines future market opportunities
February 12, 2019Jim McCaul — Floating production storage and offloading vessels (FPSOs) are by far the most popular type of floating production system. They account for two thirds of the oil/gas production floaters now
April 15, 2017Jim McCaul -- Orders for production floaters have finally begun to flow. The break came early this year when contracts for a production semi for use in the GOM and an FPSO for use off Malaysia were awarded.
December 12, 2016Jim McCaul -- Donald Trump’s presidential win and Republican sweep of the US government in November – along with OPEC’s oil production cuts in December -- have injected new dynamics into the US energy
April 28, 2016Jim McCaul -- No question that the market for new floating production systems has taken a battering. The past 12 to 18 months have been a difficult period for everyone in the business sector. Absence of
by Jim McCaul 17 September 2019
It was bound to happen. Only question was when.
A well synchronized air attack on Saudi Aramco's central crude processing facility over the weekend badly impacted Saudi oil production. Around 5.7 mb/d of output capability was cut off.
Brent spiked to $69 by end of Monday trading. WTI increased to $63. On the futures market Brent for delivery in December 2020 jumped 3.3%.
Reports that half of the production outage had been restored or replaced by inventory drawdown calmed the market on Tuesday, removing around half the Monday price increase. As of close of trading Tuesday Brent was trading around $65.
At this time there is little firm information on how long rebuilding will take. And there could be a lot more disruption to come should there be retaliation.
Certainly the attack has demonstrated the vulnerability of Mideast crude production.
Jim is the founder and manager of IMA, a consulting firm providing market analysis, competitive benchmarking and business planning support in the maritime and offshore sectors. Over the past 40 years IMA has performed more than 350 business consulting assignments for 170+ clients in 40+ countries.
One of the firm’s specialties is analyzing requirements for floating production systems. IMA has published more than 60 reports since 1996 analyzing this business sector and has been engaged by numerous clients to assist in analyzing specific market opportunities in the floating production sector.
Jim is also the co-founder of IMA/World Energy Reports, a New York based business intelligence service for the floating production supply chain.