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THE UK OFFERS OPERATORS BEST PROFIT CONDITIONS TO DEVELOP BIG OFFSHORE FIELDS
This year marks the beginning of a recovery after a disappointing 2020, when the Covid-19 pandemi...
SHARE OF GAS FLARED IN THE PERMIAN FALLS TO ITS LOWEST LEVEL OF THE SHALE ERA
The share of gross gas output that is flared at the wellhead in the US’ prolific Permian Ba...
ENGIE CHOOSES A DIVERSIFIED AND COMPLEMENTARY RENEWABLE ENERGY MIX
Solar or wind? Biomethane or green hydrogen? For ENGIE, a pioneer in the development of renewable...
2020 HIGH IMPACT EXPLORATION AND 2021 KEY WELLS TO WATCH
High impact exploration has weathered a perfect storm of a pandemic, an oil price crash and an ac...
WHAT DO THE GEORGIA SENATE RACES MEAN FOR OIL & GAS?
Analysis from PESA Vice President Government Affairs Tim Tarpley With 98% of votes current...
AFRICA: ECONOMIC YEAR IN REVIEW 2020
Efforts to address structural vulnerabilities to the economic and health effects of Covid-19 ...
E&P CAPITAL EXPENDITURE - WHAT IS THE OUTLOOK FOR 2021?
Westwood’s analysis of 3 E&P peer groups – the five Supermajors, four selected Na...
NORWAY IS 2020’S GLOBAL LEADER IN AWARDED ACREAGE IN CENTURY’S POOREST LICENS...
The end of this year is set to make 2020 the year with the fewest concluded licensing rounds of t...
WESTWOOD GLOBAL: UK AND NORWAY EXPLORATION AND PRODUCTION OUTLOOK FOR 2021
After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in...
CHINA TO BE TOP MARKET FOR ONSHORE SEISMIC IN THE NEXT TWO YEARS; GLOBAL RECO...
The global onshore seismic market has had a devastating 2020 with a 27% slump in purchase value. ...
THE WORLD WILL NOT HAVE ENOUGH OIL TO MEET DEMAND THROUGH 2050 UNLESS EXPLORA...
The world is on track to run out of sufficient oil supplies to meet its needs through 2050, despi...
OILFIELD SERVICE PURCHASES SET TO LOSE $340 BILLION UNTIL 2028 AS PEAK OIL IS...
The oilfield service (OFS) market is projected to lose a cumulative $340 billion in purchases val...
RYSTAD ENERGY: IF OPEC+ INCREASES OUTPUT IN JANUARY, A 200 MILLION-BARREL GLU...
As the world is aching to put an end to a devastating 2020, oil producers are now assessing the l...
THE WORLD MAY NOT HAVE ENOUGH HEAVY LIFT VESSELS TO SERVICE THE OFFSHORE WIND...
Offshore wind is booming, and as turbine and project sizes grow, demand for specialized insta...
GLOBAL E&P PLAYERS MAY INVEST $380 BILLION IN 2021, BUT ABOUT 20% IS AT RISK
Investments from global exploration and production companies (E&P) in 2021 are projected to r...
RYSTAD ENERGY: HYDROGEN OPENS A PROLIFIC SERVICE INDUSTRY
A wave of green and blue hydrogen projects that are poised to be developed in coming years could ...
US SHALE OIL OUTPUT SET TO STABILIZE IN 2021
US’ shale oil output is set to decline this year thanks to the ravages of COVID-19, and as ...
THE COVID-19 DOWNTURN SLASHED AUSTRALIA’S OIL AND GAS WORKFORCE BY A QUARTER
The Covid-19 pandemic hit Australia’s already declining oil and gas workforce hard, causing...
GLOBAL DISCOVERED OIL AND GAS RESOURCES SET TO REACH 10 BILLION BOE IN 2020, ...
Despite concerns that Covid-19 could drive down discovered volumes to their lowest levels in deca...
WESTWOOD INSIGHT: OPPORTUNITIES FOR COLLABORATION AND SYNERGY BETWEEN OFFSHOR...
The UK’s path to reaching net-zero by 2050 will result in a structural shift in the ene...
GERMANY'S GAS DEMAND TO TOP 110 BCM BY 2034 AND NORD STREAM 2 IS THE CHEAPEST...
Germany’s gas demand, which is currently just above 90 billion cubic meters (Bcm) per year,...
WESTWOOD INSIGHT: DRILLSHIP ATTRITION – LIFETIME REVENUE VS CONSTRUCTION COST
Drillship Attrition – Lifetime Revenue vs Construction Cost A Different Way to View Potenti...
COVID-19 AND ENERGY TRANSITION WILL EXPEDITE PEAK OIL DEMAND TO 2028 AND CUT ...
The Covid-19 pandemic and the acceleration of the energy transition have led Rystad Energy to sig...
WESTWOOD INSIGHT - STALLED RESOURCES, HOW BIG AN OPPORTUNITY IS IT?
A new study by Westwood Global Energy Group shows that 11 billion barrels of oil and 36 billion b...
WOODMAC INSIGHT: WHAT WILL THE 2020 ELECTIONS MEAN FOR US ENERGY?
Ed Crooks, Vice-Chair, Americas The 2020 elections present American voters with a choice b...
OIL PRODUCTION COSTS REACH NEW LOWS, MAKING DEEPWATER ONE OF THE CHEAPEST SOU...
A comprehensive Rystad Energy analysis of oil production costs has revealed that the average brea...
WESTWOOD INSIGHT: PREMIER OIL - REVERSE TAKEOVER BY CHRYSAOR
Last week, Premier Oil recommended that its investors accept a reverse takeover offer from Chrysa...
GREEN HYDROGEN PLANS ALREADY TOP 60 GW, BUT LESS THAN HALF IS LIKELY TO OPERA...
Proposed green hydrogen projects are surging across the globe as governments seize opportunities ...
BP FLESHES OUT WHAT NET ZERO IN 2050 MEANS FOR ITS UPSTREAM BUSINESS – IS IT ...
BP followed up the release of its Energy Outlook with a ‘BP Week’ of strategy present...
GLOBAL OFFSHORE OIL AND GAS PIPELINE DEMAND SET FOR 26% DROP IN 2020, BUT REC...
The global oil and gas market demand for large-diameter offshore pipeline, known as trunkline, is...
WHY DECOMMISSIONING A PLATFORM IN NORTHWEST EUROPE COSTS SO MUCH MORE THAN IN...
Platforms may be similar in characteristics and configuration, but the cost of decommissioning th...
TURKEY’S HOOKED TUNA GAS DISCOVERY COULD SAVE UP TO $21 BILLION IN IMPORT COSTS
The future development of Turkey’s giant Tuna-1 gas discovery could save the country up to ...
DIVERGENT ECONOMIC OUTLOOKS FOR NORTH AND SOUTH AMERICAS’ OIL AND GAS PRODUCI...
Operators in the Americas region have had to manage projects and mitigate the effects of COVID-19...
RYSTAD ENERGY: CHAPTER 11 AND M&A OUTLOOK IN US SHALE
Several large and small independent US oil and gas producers have filed for bankruptcy this year ...
US PERMITS FOR NEW HORIZONTAL DRILLING DIP TO 10-YEAR LOW, HINTING NO STRONG ...
US horizontal drilling activity in oil basins, which has plummeted due to the Covid-19 pandemic, ...
COVID-19 PUSHES OFS HEADCOUNT TO LOWEST LEVEL IN OVER A DECADE, REVENUE PER E...
The oil market turmoil brought on by Covid-19 has led to lower-than-anticipated activity and dela...
LIBYA’S OIL BLOCKADE IS EXPECTED TO PERSIST FURTHER, SHRINKING UPCOMING GLOBA...
Libya’s oil blockade is now entering its seventh month and the war-torn country’s oil...
MORE OPEC+ OIL PRODUCTION FROM AUGUST AND COVID-19 SECOND WAVE TO CREATE A 4-...
The upcoming partial return of curtailed OPEC+ oil production from August is set to create a new ...
FRAC IS BACK: US FRACKING SET FOR FIRST MONTHLY RISE THIS YEAR, THE PERMIAN I...
The Covid-19 downturn has caused a shocking decline in new fracking operations in the US, with mo...
THE OIL MARKET CONTINUES ITS CAUTIOUS RALLY BUT MORE UNCERTAINTY LIES AHEAD
For the oil markets, the first half of the year saw extraordinary swings in supply and demand...
RYSTAD ENERGY: OIL AND GAS DRILLING SET FOR AT LEAST A 20-YEAR LOW IN 2020
The COVID-19 pandemic has stymied oil and gas activity, a phenomena which has now affected the dr...
AFTER A POOR 2020, FPSO AWARDS ARE SET TO RECOVER TO SEVEN VESSELS NEXT YEAR
Hit by the second industry downturn in five years, global awards for floating production, storage...
RUSSIAN ECONOMY FACES DEEP RECESSION AMID GLOBAL PANDEMIC AND OIL CRISIS, SAY...
Fueled by a COVID-19 triggered deep global recession, Russia's 2020 GDP growth is projected t...
LOWEST OF THE CENTURY - HALF-YEAR DISCOVERIES TOTAL 4.9 BILLION BOE, HIT BY T...
Global discoveries of conventional resource volumes reached just 4.9 billion barrels of oil equiv...
COVID-19 DAMPENS LONG-TERM ENERGY DEMAND AND HIGHLIGHTS SCALE OF CLIMATE EMER...
The economic and behavioural ramifications of COVID-19 will significantly reduce global long-term...
AXIOM PUBLISHES ANALYSIS ON OFFSHORE FLOATING PRODUCTION MARKET AND ITS FUTURE
Axiom EMI have said that as a result of Covid-19 and low oil prices, the oil and gas floating pro...
WESTWOOD INSIGHT: NORTH SEA EXPLORATION PERFORMANCE
Sustaining production from existing infrastructure remains the key driver for North Sea explo...
PIPELINE OPTION FAR CHEAPER THAN LNG ALTERNATIVE FOR MOVING NORWAY’S ARCTIC G...
A Rystad Energy cost analysis of the Norwegian pipeline operator Gassco’s proposed options ...
HOW THE WORST OIL PRICE CRASH IN HISTORY CHANGED THE UPSTREAM INDUSTRY
The oil price crash has wiped US$1.6 trillion off Wood Mackenzie's valuation of the global up...
NEW AXIOM STUDY HIGHLIGHTS THE IMPACT OF COVID-19 AND LOW OIL PRICE ON THE SU...
Supply chain over-correction to subsea project delays will result in a weaker service sector, fur...
GLOBAL OFS DEMAND IS SET FOR A 25% DECLINE IN 2020
Global demand for oilfield services (OFS), measured in the total value of exploration and product...
RECOVERABLE OIL LOSES 282 BILLION BARRELS AS COVID-19 HASTENS PEAK OIL
The 2020 release of Rystad Energy’s annual global energy outlook reveals that the Covid-19 ...
WESTWOOD INSIGHT: BP’S EXPLORATION ASSET WRITE DOWN HIGHLIGHTS DIVERGING VIEW...
The divergence in how oil companies are seeing the future is exemplified by BP’s write ...
THE PANDEMIC AND A MILD WINTER HAVE DELIVERED A HISTORIC SHOCK TO THE GLOBAL ...
Global gas demand in 2020 is set to fall by twice the amount lost after the 2008 financial crisis...
COVID-19 DRIVES RESERVES OF GLOBAL OIL AND GAS ASSETS FOR SALE TO ABOVE 12.5 ...
Oil and gas companies currently have assets for sale with recoverable reserves of more than 5 bil...
APT STUDY IDENTIFIES NEW OIL PRESENCE OFFSHORE EAST CANADA
Applied Petroleum Technology (APT) has conducted a detailed evaluation of the Southern Grand Bank...
THE STATE OF EXPLORATION 2020
Confidence had returned to global exploration with improved performance and the emergence of ...
MAGNORA SIGNS LOI TO INVEST IN A UK ONSHORE WIND DEVELOPMENT PROJECT COMPANY
MAGNORA ASA, a leading Norwegian renewable energy investment company releases its fourth investme...
UK MAINTENANCE SPENDING TO REACH LOWEST ON RECORD, NORWAY’S TO HIT 18-YEAR LO...
Western Europe’s maintenance, modification and operations (MMO) market will likely take a m...
VIDEO: THE IMPACT OF COVID-19 ON AFRICAN ECONOMIES
Souhir Mzali Africa Regional Editor With Covid-19 slowly gathering pace in Africa, Oxford...
GLOBAL INVESTMENT SLOWDOWN SET TO HIKE OIL PRICES AND CAUSE UNDERSUPPLY OF 5 ...
The Covid-19 pandemic will leave not only short-term, but also long-term scars on the oil market....
E&P REVENUES WILL FALL BY A TRILLION DOLLARS IN 2020 DUE TO COVID-19
The devastating effect of the Covid-19 pandemic on global oil and gas exploration and production ...
US FRACKING SET FOR THE BIGGEST MONTHLY DECLINE IN HISTORY AS OIL PRICES COLL...
The Covid-19 pandemic has ravaged global oil demand and, coupled with the extremely low price lev...
DOWN BUT NOT OUT – HIGH IMPACT EXPLORATION TO FALL UP TO 35% IN 2020
Following the double whammy of the collapse in the oil price and the Covid-19 pandemic, explo...
USD20 OIL WILL NOT DEVASTATE UK PRODUCTION, BUT IT IS NOT A PRETTY PICTURE
With the reality that Brent oil prices are scratching closer and closer to $20 per barrel, shut-i...
COVID-19 AND LOW OIL PRICES COULD CANCEL MORE THAN HALF OF 2020’S LICENSING R...
More than half of the world’s planned licensing rounds are likely to be cancelled this year...
TARGETED BILLION-BARREL OIL RESOURCES AT RISK
At least nine of the world’s top planned exploration wells for 2020 are at risk of being su...
SUB-$30/BBL WTI DRASTICALLY ALTERS THE US UNCONVENTIONAL SUPPLY CHAIN
Independents and small public E&Ps active in US shale cut $17 billion with each ...
THE CURRENT CHALLENGES FOR THE UK AND NORWAY IN THE FACE OF COVID-19
The world has been transformed in the past month since the Covid-19 pandemic took hold. The d...
GLOBAL E&P CAPEX WILL REACH AT LEAST A 13-YEAR LOW IN 2020 AS COVID-19 AND PR...
Global capital expenditure (capex) for exploration and production firms (E&Ps) is expected to...
ABOVE A MILLION OFS JOBS WILL LIKELY BE CUT IN 2020 AS COVID-19 AND LOW OIL P...
More than a million jobs in the oilfield service industry (OFS) are likely to be cut in 2020 due ...
WESTWOOD GLOBAL INSIGHT: THE OFFSHORE RIG MARKET – AT $30 OIL OFFSHORE DRILLE...
COVID-19 and low oil prices are already having an impact on the offshore rig market ...
BAHRAIN STRENGTHENS INDUSTRIAL TIES WITH EUROPE
Simultaneously strengthening its industrial potential and its foreign commercial ties, Bahrain ha...
WHAT SHARJAH’S NEW GAS FINDS MEAN FOR THE ECONOMY
Following the discovery of significant gas deposits, the first such onshore find in 37 years, Sha...
CORONAVIRUS TO DELAY MOST OF 2020’S FPSO DELIVERIES AND POSTPONE USD30 BILLIO...
Out of a global total of 28 floating production, storage and offloading (FPSO) vessels that are u...
XODUS GROUP REVEALS NEW ANALYSIS SHOWING NEED FOR RAPID PIVOT TO GAS
International energy consultancy Xodus Group has launched new analysis showing that a rapid p...
WHY EXCELLING IN STRATIGRAPHIC TRAP EXPLORATION IS NOW THE KEY TO TOP QUARTIL...
More oil and gas were discovered in stratigraphic traps than any other trap type in the last ...
CLASTIC STRATIGRAPHIC TRAPS – WHAT HAS DRIVEN EXPLORATION PERFORMANCE?
More oil and gas was discovered in stratigraphic traps than any other trap type in the last d...
INDONESIA’S 2020 OIL AND GAS OUTPUT LIKELY TO FALL, DESPITE OFFICIAL FORECAST...
Indonesia’s production of both oil and gas will most likely fall in 2020, a Rystad Energy a...
2020: MORE OFFSHORE EPC SPENDING BUT COMPETITIVE PRICING REMAINS THE NORM?
Significant cost reductions have improved E&P cashflows and should drive increased offsho...
DELOITTE OIL AND GAS M&A OUTLOOK: SHIFTING STRATEGIES RESHAPING GLOBAL TRANSA...
Key takeaways While total oil and gas deal count declined in 2019, total deal value held up...
GLOBAL OIL DEMAND GROWTH EVAPORATES AS CORONAVIRUS KEEPS PLANES GROUNDED
The coronavirus epidemic in China has triggered restrictions in the country’s public transp...
HOW WILL GEOPOLITICS INFLUENCE GLOBAL OIL SUPPLY IN 2020?
After a turbulent start to the year for the oil market, geopolitical factors around the world cou...
KENYA: YEAR IN REVIEW 2019
Ongoing expansion in key sectors fuelled solid growth in Kenya in 2019, although rising debt cont...
PERMIAN TRAFFIC INCIDENTS REMAIN AT HIGH LEVELS, BUT ‘DEATH HIGHWAY’ SAFER IN...
Since 2017, the Permian Basin has been the largest supplier of in-basin, or “local sand...
WHERE DO CÔTE D’IVOIRE’S CEOS SEE SKILLED LABOUR GAPS, GIVEN THE CURRENT ECON...
Souhir Mzali Africa Regional Editor, Oxford Business Group Côte d’Ivoire has ...
WESTWOOD GLOBAL: IMPROVED EXPLORATION SUCCESS RATES FOR DHI SUPPORTED WELLS
Geophysical Direct Hydrocarbon Indicators (DHIs) have long been the holy grail for explorers, pro...
WESTWOOD INSIGHT - EXPLORATION IN 2020 – TRANSITION, WHAT TRANSITION?
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated...
GLOBAL OIL AND GAS DISCOVERIES REACH FOUR-YEAR HIGH IN 2019
The world’s oil and gas explorers powered ahead and discovered 12.2 billion barrels of oil ...
RYSTAD ENERGY REPORT HIGHLIGHTS FALL IN PRODUCTION COSTS GLOBALLY, LED BY THE UK
Operational production costs in the oil and gas industry have fallen across the globe, with the U...
U.S. OIL & GAS M&A POISED FOR RECOVERY AFTER CHALLENGING 2019
Enverus, the leading oil & gas SaaS and data analytics company, has released its summary of 2...
RENEWABLE ENERGY COUNTRY ATTRACTIVENESS INDEX (RECAI)
Ben Warren, EY Global Power & Utilities Corporate Finance Leader The latest and 54th editi...
WOOD MACKENZIE’S NEW DATA TECHNOLOGY TRANSFORMS OIL & GAS UPSTREAM VALUATIONS
Natural resources research and consultancy Wood Mackenzie launches the world’s first Global...
BP AND SHELL ON OPPOSITE ENDS OF M&A RANKING
European supermajors BP and Shell occupy the top spots on opposite sides of Rystad Energy’s...
WOOD MACKENZIE: HAS M&A CREATED VALUE IN THE NORTH SEA?
Wood Mackenzie runs rule over 55 largest deals Since the turn of the decade, it’s be...
CAN KUWAIT AND SAUDI ARABIA UNLOCK OIL PRODUCTION IN THE NEUTRAL ZONE?
On July 24 Prince Abdulaziz bin Salman, Saudi Arabia’s minister of state for energy aff...
WORLD LAND DRILLING RIG MARKET FORECAST 2019-2023
International fleet conditions improve with onshore rig utilisation to tick past 50%, despite wea...
WHAT ARE THE LIKELY OUTCOMES OF SAUDI ARABIA’S OVERSEAS INVESTMENT DRIVE?
Saudi Arabia has rapidly been increasing its business footprint overseas, last year tripling its ...
WESTOOD RELEASES THE US FRAC SAND OUTLOOK WHITE PAPER
US Frac Sand Outlook – White Paper A new white paper from Westwood investigates demand f...
ENERGY MARKET REVIEW TOP TRENDS SO FAR
Across all Energy markets the trend towards hardening market conditions and increasing ...
WESTWOOD INSIGHT: WEST AFRICAN RIG MARKET - A SLOW-BURN RECOVERY
The West African offshore rig market has been one of the hardest hit during the oil price dow...
WESTWOOD INSIGHT: FLOATING PRODUCTION
The offshore market is set for a bumper year with 83 greenfield FIDs expected, totalling $115...
HOW CONCERNED ARE ASEAN CEOS ABOUT A SLOWDOWN IN CHINA?
Patrick Cooke Asia Regional Editor, Oxford Business Group In an era marked by rapid techn...
WESTWOOD INSIGHT: OFFSHORE RIG SUPPLY – REBALANCING THE MARKET
Consolidation and Rig ‘Recycling’ are at the Forefront of a Supply-Chain Response...
ROMANIA UPSTREAM FISCAL AND REGULATORY REPORT 2019
The "Romania Upstream Fiscal and Regulatory Report - Frequent Legislative Changes Create Unc...
NW BORNEO EXPLORATION – IN SEARCH OF NEW FRONTIERS
Since the start of 2008, 153 exploration wells have been drilled in the SE Asia exp...
CRUSHING THE MARKET WITH 225 MILLION TONS OF FRAC SAND SUPPLY
Westwood’s Todd Bush, Head of US Unconventionals (Energent) looks at supply, pricing an...
WESTWOOD INSIGHT: US DRILLING AND COMPLETIONS SET TO EXCEED 20,000 WELLS IN 2019
The US Unconventional industry continues to see increasing completion intensity per well. Thi...
THE HYDROCARBON E&P INDUSTRY IN 2019: ARE WE NEARLY THERE YET?
According to analysts Rystad Energy, 2018 was the best year for hydrocarbon discoveries since 201...
HOW WELL FOUNDED IS THE POSITIVE OUTLOOK OF ALGERIAN CEOS?
Souhir Mzali Africa Regional Editor, Oxford Business Group With the i...
OUTLOOK FOR THE OIL AND GAS INDUSTRY IN 2019
5 new trends are highlighted in a new report published today by DNV GL 1: Resilient, confi...
REBOUND IN SPENDING KEEPS OFFSHORE AHEAD OF SHALE
A recent surge in final investment decisions (FIDs) on offshore oil and gas projects has set the ...
NVENTURES AFRICA E&P NEWS UPDATE
Exploration Drilling Industry attention is very much focused on Namibia this month, with t...
WESTWOOD GLOBAL ENERGY: MIDDLE EAST – A HOTBED OF ACTIVITY FOR RIG CONTRACTOR...
The onshore land rig market is now just over two years into the current cycle. North American act...
WESTWOOD ENERGY 2018 STATE OF EXPLORATION REPORT
Westwood Global Energy Group has released its ninth annual State of Exploration Report, the d...