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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February 1, 2020
Jim McCaul — Activity in the deepwater sector took a huge hit in the second half of last decade as a result of a global oil demand/supply imbalance, downturn in oil prices, hiatus in Petrobras production
February 14, 2019
Jim 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, 2019
Jim 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, 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 energyThe coronavirus crisis and oil price war has upended the offshore oil and gas sector. We are seeing a repeat of the 2006/07 financial meltdown impact on the sector -- and the impact this time could be much worse.
Oil demand has sharply fallen as the virus spread shuts down economic activity worldwide. Global oil demand is expected to fall 20% in April.
In parallel, Saudi Arabia has kicked off a full-fledged price war with Russia by flooding the market with oil to see who blinks first.
The result -- an oil glut is rapidly forming and global inventory is nearing full capacity. Brent is trading at $28 -- down more than 60% from early January.
A solution is not visible at the moment. The Saudis are resisting US diplomatic efforts to get them to change direction -- and the virus spread continues as a furious pace.
The market downturn is forcing field operators to defer investment plans. Major offshore project starts will be suspended through the remainder of the year -- and the impact will likely extend into 2021.
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.
2019 Annual Outlook. Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle. Many FLNG and FSRU projects are planned – but only some will ultimately will move forward to development. The goal of our report is to objectively sort out likely winners and losers – and explain the rationale for the rating.
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March 27, 2020
Teekay Corporation has secured a ten-year contract for its 1996-built Petrojarl Foinaven…
March 27, 2020
Woodside Petroleum halved its forecast spending for 2020 and deferred go-ahead decisions…
March 27, 2020
Oil and gas firm Hurricane Energy has confirmed that a crew member on the Aoka Mizu…
The coronavirus crisis and oil price war has upended the offshore oil and gas sector. Oil demand has sharply fallen as the virus spread shuts down global economic activity. In parallel, Saudi Arabia and Russia kicked off a full-fledged price war by flooding the market with oil to see who blinks first. The combination is forcing field operators to defer investment plans – and the impact on the floating production sector is a repeat of the 2006/07 financial meltdown.
March 29, 2020
Nigeria's petroleum regulator has ordered oil and gas companies to reduce their offshore workforce and move to 28-day staff…
March 29, 2020
Three large crude carriers (VLCCs) chartered by units of Russian oil major Rosneft to transport Venezuelan oil left Caribbean…
March 27, 2020
Wind industry solutions provider FairWind has completed its largest electrical and high voltage project in company history…