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.
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
The global excess crude inventory build between October 2014 and March 2017 has been eliminated -- but US crude inventory is creeping up again.
Survey results by the US Energy Information Administration show a 22% decline in US crude inventory over the past seventeen months -- from 535 million bbls at the end of March 2017 to 416 million bbls as of 12 October 2018 (excluding stocks in the Strategic Petroleum Reserve).
But US crude inventories have increased in each of the past three weeks -- and the EIA in its 17 October weekly report said "US crude oil inventories are about 2% above the five year average for this time of year."
Contributing to the recent rise in inventory is lower refinery utilization as US refineries switch to winter blends and perform annual maintenance. US refineries operated at 88.8% capacity last week. Also crude imports over the past four weeks have been running 3.5% higher than the same four week period last year -- perhaps as a result of added Saudi exports to the US.
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.