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.
We provide
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 ofCrude prices are being held in check by the excess oil inventory overhanging the market. Global crude oil inventory in OECD countries has risen almost 25% over the past two years – and oil pricing will continue to be held in check until the level of oil inventory is worked down.
The oil inventory survey conducted weekly by the EIA provides a convincing indicator that crude stocks in the US are now declining. As shown below, crude oil inventory in the US peaked at the end of March – after increasing over the first thirteen weeks of 2017. US crude inventory has fallen in ten of the eleven weeks since March.
US inventory data represent trends in only one area of the global oil market. But estimates for global oil inventory are notoriously weak – and industry analysts heavily rely on the weekly US oil inventory data as a surrogate for global inventory movement.
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 50 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
The June WER report reviews the negative impact of excess crude inventory on oil prices. Crude prices have been driven back into the mid-$40s. But as described in the report, despite near term pricing weakness, production floater orders have been heating up. Over the past month ENI proceeded with its floating LNG project in Mozambique and ExxonMobil made the investment decision on the Liza oil project offshore Guyana.
Jim McCaul, founder of International Maritime Associates, discusses the energy market downturn and the emergence of shale…
June 26, 2017
Aker Solutions was awarded a contract to deliver three umbilicals and associated…
June 25, 2017
SBM Offshore said it has secured contracts from ExxonMobil to construct, install…June 23, 2017
Oil prices edged higher on Monday, pausing for breath after coming under pressure…
June 26, 2017
Ukrainian state energy company Naftogaz has asked a Chinese state bank to extend the deadline by which Naftogaz must submit…June 26, 2017
Wilson Ferreira Jr, the chief executive officer of Brazilian state-controlled power utility Eletrobras, on Monday said he…June 26, 2017
The economics professor who leads the in-depth data collation process for BP’s annual Statistical Review of World Energy…