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.
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April 15, 2017
Jim 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, 2016
Jim 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, 2016
Jim 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 ofThe excess crude inventory build between October 2014 and March 2017 has been eliminated.
Survey results by the US Energy Information Administration show a 23% decline in US crude inventory over the past sixteen months -- from 535 million bbls at the end of March 2017 to 414 million bbls as of 10 August 2018 (excluding stocks in the Strategic Petroleum Reserve).
While the EIA inventory survey covers only the US market, the survey results are considered more reliable than international estimates and are often used as a surrogate for world crude inventory trends.
The EIA in its latest weekly report said "U.S. crude oil inventories are about 1% above the five year average for this time of year."
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.
Oil prices continue in the $70s, excess crude inventory has been eliminated, supply constraints loom – but upstream investment remains soft. Despite the reviving crude market, many operators are not yet increasing their spending on capital projects -- though even in this soft environment several production floater contracts moved forward over the past month. SBM received a FEED contract for the Liza 2 project that will morph into an EPC contract.
August 16, 2018
Said bin Homoud Al Maawali, CEO, Oman Drydock Company (ODC) means business when he…
August 15, 2018
Australia's Woodside Petroleum Ltd said on Wednesday that its first-half net profit…
August 15, 2018
Aker Solutions said it has been contracted to deliver power umbilical systems to…
August 16, 2018
Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom…August 16, 2018
U.S. Energy Secretary Rick Perry praised the goal set out by Mexico's incoming president to end massive gasoline and diesel imports…
August 16, 2018
Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company…