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GLOBAL OSV FLEET UTILISATION PROJECTED TO REACH 78% BY 2027
In view of attractive oil prices, an uptick in E&P investments and robust drilling activi...
IMPENDING SHORTAGE OF JACKUPS WITHIN AGEING ASIA PACIFIC FLEET
While utilisation for marketed jackup rigs is at a healthy 100% in the Asia Pacific (APAC) region...
NORTH SEA SEMISUB MARKET MAY SEEM BUOYANT, BUT LOOKS CAN BE DECEIVING
The North Sea semisubmersible (semisub) market hit 100% utilisation at the height of summer t...
HOW THE ENERGY SUPPLY CHAIN IS ADAPTING TO OFFSHORE WIND
Previous oil price downturns and shareholder expectations to reduce carbon footprints has res...
NAMIBIA: THE NEWEST MOST PROMISING DEEPWATER RIG DEMAND HOTSPOT
Over the past few years, the Namibian Orange Basin has emerged as an exciting new oil provinc...
NORWAY STATE OF EXPLORATION 2014-2023
Date: Wednesday 4th September Time: 9:30am BST Location: Online Following the publication of...
WESTWOOD INSIGHT: EAST AFRICAN RUVUMA-RUFIJI GAS BASIN
According to BP’s 2024 Energy Outlook, global liquefied natural gas (LNG) traded volumes ar...
NORWAY STATE OF EXPLORATION 2014-2023
The Norway State of Exploration report analyses exploration activity and performance of wells tha...
RESERVES REPLACEMENT...HOW ARE SUPERMAJORS DOING?
How are supermajors replacing reserves? The combined proved reserves for the five supermajors ...
SAUDI ARAMCO JACKUP SUSPENSIONS AND THE STORY SO FAR
This article was originally published in Offshore Engineer on 25 June 2024 and updated ...
RESOLVING CO-LOCATION CONFLICTS BETWEEN OFFSHORE WIND, OIL & GAS, AND CARBON ...
On the 3 May 2024, the North Sea Transition Authority (NSTA) offered 31 licences in the 3rd T...
TOP 10 OFFSHORE DRILLERS CATCH THE WAVE OF RISING DEMAND
The global offshore drilling rig fleet of jackups, semisubmersibles (semisubs) and drillships kep...
MORE REALISM IN FLOATING WIND, AS UK SET TO MISS 2030 TARGET BY 90%
A look at the current status of global floating offshore wind targets and key takeaways from West...
HIGH IMPACT EXPLORATION DISCOVERY SIZE DECLINES AND FINDING COSTS INCREASE
High Impact Exploration Has Seen Average Discovery Sizes Decline Year On Year From Nearly 500mmbo...
WESTWOOD HIGHLIGHT MAJOR HURDLES IN UNLOCKING FUTURE OF FLOATING WIND
Expectation of a slower, more realistic growth trajectory for the industry, with 54% anticipating...
CAN OFFSHORE WIND MAKE THE SHIFT FROM PORTFOLIO GROWTH TO VALUE CREATION?
The poor financial performance of several offshore wind companies in recent months has been n...
WESTWOOD GLOBAL APPOINTS CINNAMON EDRALIN AS AMERICAS RESEARCH DIRECTOR
Westwood Global Energy Group, the specialist energy market research and consultancy firm, today a...
UK AND NORWAY EXPLORATION AND PRODUCTION OUTLOOK FOR 2024
2023 was a year of recovery in the wake of the Ukraine conflict and subsequent impact on ener...
SIX THEMES IN 2024 THAT WILL SHAPE THE HYDROGEN AND CCUS INDUSTRIES IN NORTHW...
Despite leadership in its hydrogen strategies and goals, the European low-carbon hydrogen and car...
AFTER OFFSHORE WIND’S YEAR OF TACTICAL RETREATS, WHO WILL SEIZE THE INITIATIV...
Westwood Insight Last year, the narrative of offshore wind shifted once more. After a deca...
2024 THEMES FOR HYDROGEN IN NORTHWEST EUROPE
You are invited to join Westwood's David Linden (Executive Director, Head of Energy Transit...
WESTWOOD LAUNCHES CONTRACTS FEATURE TO ENHANCE SUBSEALOGIX AND PLATFORMLOGIX
Westwood has introduced their new and highly anticipated Contracts feature to enhance our SubseaL...
GLOBAL LAND RIG DEMAND TO GROW 14% IN 2023-2027
In the latest edition of its World Land Drilling Rig Market Forecast, Westwood reports that ...
NEW WESTWOOD REPORT HIGHLIGHTS CHALLENGES OF MEETING CCS TARGETS
New Westwood report reviews the UK’s 1st Carbon Storage Licensing Round results and associa...
THE NETHERLANDS AND BELGIUM WELL-PLACED TO BECOME LEADING HYDROGEN IMPORT HUBS
Westwood’s Hydrogen Project Certainty analysis highlights the risks around each country&rsq...
OPERATORS OFFERING 15-YEAR RIG DEALS AS AVAILABILITY DRIES UP
As offshore drilling rig utilisation increases and availability continues to tighten, Westwood ha...
LIQUIDS AND GAS PRODUCTION SET TO REACH 173MMBOEPD BY 2030
Westwood Global Energy Group, the specialist market research and consultancy firm, has reported t...
WESTWOOD INSIGHT: ROSEBANK DEVELOPMENT FINALLY SANCTIONED
Equinor and partner Ithaca Energy have taken the final investment decision for Phase 1 of the Ros...
NIGERIA’S OIL AND GAS SECTOR SET TO DRILL 140 NEW WELLS DRILLED YEAR-ON-YEAR ...
Nigeria, traditionally Africa’s largest oil producer, has seen its oil and gas (O&G) pr...
WESTWOOD SEMINAR: CREATING VALUE IN AN EVOLVING UKCS
Date: Wed 30th August Location: The Chester Hotel, Aberdeen Join Westwood Global Energy for a...
THE GROWING SIGNIFICANCE OF CPPAS IN THE OFFSHORE WIND SECTOR
This insight is excerpted from the executive summary of the latest in a series of thematic report...
RECORD GERMAN LEASE PAYMENTS IN OFFSHORE WIND AUCTION
The 7GW worth of German leases awarded earlier this week were the most expensive to date, beating...
HARSH ENVIRONMENT SEMISUB MARKET SELLS OUT; DAYRATES APPROACH $500K
Teresa Wilkie, Research Director – RigLogix In just six months, committed utilisatio...
JOB ALERT: SENIOR ANALYST, NW EUROPE E&P
Job title: Senior Analyst, NW Europe E&P Company: Westwood Global Energy Group Locatio...
ENERGY TRANSITION THEMES IN THE UK AND NORWAY
In recent years, the energy trilemma in the UK and Norway – that is security, affordability...
WESTWOOD INSIGHT – THE UK’S 1ST CARBON STORAGE LICENCE ROUND
On 18 May 2023, the North Sea Transition Authority (NSTA) announced the preliminary results of th...
ASIA PACIFIC OFFSHORE RIG SUPPLY SHRINKING AND DAYRATES SURGING
Since Westwood’s last Asia Pacific (APAC) offshore drilling rig insight, the market &n...
GCC ONSHORE DRILLING RIG DEMAND FORECAST FOR 25% GROWTH BY 2027
Westwood has released the MENA Onshore Drilling Rig Market Forecast, the first in a series of new...
WESTWOOD INSIGHT – ‘WIDER BENEFIT’ IN OFFSHORE WIND DECISION-MAKING
This insight is excerpted from the executive summary of the second in a series of thematic report...
WESTWOOD INSIGHT – ASIAN TURBINE OEMS: TO BE OR NOT TO BE?
The importance of Asian turbine OEMs is on the rise and much of this can be attributed to the rap...
WESTWOOD INSIGHT – UK FISCAL REGIME TO AMPLIFY NORTH SEA RIG EXODUS
Since the UK Government announced a further 10% hike to the UK Energy Profits Levy (EPL) – ...
BUYER BEWARE WHEN IT COMES TO EXPLORATION FARM-OUTS
Since 2017 high impact (HI) exploration wells drilled outside USA and Canada, where equity was fa...
UK AND NORWAY EXPLORATION AND PRODUCTION OUTLOOK FOR 2023
Emma Cruickshank Head of NW Europe, Westwood Global Energy 2022 was a turbulent year for ...
WESTWOOD INSIGHT: SUPERMAJOR CASHFLOW AND THE CAPEX CONUNDRUM
The five supermajor oil companies have become incredibly efficient in generating cash from oil an...
WESTWOOD INSIGHT – PACIFIC WIND: CALIFORNIA DREAMING?
In December 2022 California held its first offshore wind leasing round – Pacific Wind. This...
GLOBAL MARKETED OFFSHORE RIG UTILISATION TO AVERAGE 95% IN 2023
Rig activity stood out in several regions in 2022 and there is no reason to expect anything diffe...
WESTWOOD INSIGHT: SIX KEY OFFSHORE WIND THEMES TO WATCH IN 2023
The offshore wind sector witnessed another year of high growth despite global financial uncertain...
2022 HIGH IMPACT EXPLORATION DRILLING STABLE WITH IMPROVED PERFORMANCE
In a tumultuous year of change in the world, high impact drilling in 2022 remained at a similar l...
RECORD LEVELS OF FPS THROUGHPUT CAPACITY TO BE SANCTIONED
As we enter the final month of 2022, a review of the floating production system (FPS) market reve...
THE CHANGING LANDSCAPE OF OFFSHORE WIND SUBSIDIES
This insight is excerpted from the executive summary in the first of a series of thematic reports...
WESTWOOD INSIGHT – INTOG: RIGHT IDEA, WRONG PROCESS?
On the 18th of November the competitive leasing period for the INTOG offshore wind process came t...
NORTH SEA SEMISUB FUNDAMENTALS IMPROVING BUT MORE RIGS LEAVING REGION
Westwood Insight Teresa Wilkie Utilisation of North Sea semisubmersibles (semis) as wel...
IS OFFSHORE WIND DEVELOPMENT IN MAINLAND CHINA SUSTAINABLE WITHOUT SUBSIDY?
Mainland China’s offshore wind market experienced phenomenal capacity growth in 2021, addin...
WHAT DOES THE GLOBAL ENERGY CRISIS MEAN FOR THE ENERGY TRANSITION?
The global energy crisis has been brewing since the last quarter of 2021, caused by a mix of fact...
HEALTHY DEMAND AND PREMIUM DAYRATES FOR LOW-EMISSION RIGS TO 2026
The energy crisis that has arisen during 2022 and the mounting importance of energy security has ...
ONSHORE O&G PIPELINE CAPEX TO TOTAL $369 BILLION 2022-2028 AS WORLD CRIES OUT...
Initial findings from Westwood Global Energy’s upcoming onshore pipeline market forecast, i...
WESTWOOD INSIGHT: THE NEED FOR COLLABORATION IN NEW ENERGIES PROJECTS
Net Zero targets and emission reduction initiatives in Northwest Europe (NWE) have created huge o...
ENERGY TRANSITION INSIGHTS – UNPICKING ONS 2022
The year 1974 saw the launch of Offshore Northern Seas, an obscure meeting of companies extractin...
WESTWOOD GLOBAL LAUNCHES NEW ENERGIES AND OIL & GAS INTELLIGENCE FOR NW EUROPE
Now live, Atlas New Energies is a highly intuitive market intelligence solution covering energy c...
WESTWOOD INSIGHT: MAINLAND CHINA ADVANCES FLOATING WIND CAPACITY
About a year ago in the second quarter of 2021, Mainland China became the world’s largest o...
GLOBAL ONSHORE RIG DEMAND FORECAST FOR 24% GROWTH BY 2026
The outlook for onshore rig demand is improving with elevated commodity prices spurring increased...
WESTWOOD INSIGHT: FLEXIBILITY IS KEY IN A ZERO-CARBON ENERGY WORLD
As the oil and gas sector’s biggest markets are set to shrink over the long term, because o...
WESTWOOD INSIGHT – UK CFD AUCTION: 7 GW SUPPORTED, BUT PRICE DROP SLOWS
The UK’s Contracts for Difference (CfD) scheme has played a key role in developing the coun...
HIGH IMPACT EXPLORATION SHOWS SIGNS OF RECOVERY
Eight of the wells tested frontier plays, with significant basin-opening discoveries at Venus and...
CONTRACTORS IN BUOYANT MOOD AS FIVE-YEAR OFFSHORE EPC SPEND TO TOTAL $276 BIL...
Mark Adeosun, Manager – Offshore Energy Services, Westwood Global Energy A review of...
NORWAY STATE OF EXPLORATION 2012 – 2021 WEBINAR
Date: July 27, 2022 Time: 10:30am, approximately 60 minutes Location: Online Presenting and ...
APAC JACKUP UTILISATION RAMPS UP, BUT MAYBE NOT FOR THE RIGHT REASONS
Rig activity in the Asia Pacific (APAC) region, which comprises Southeast Asia and Australia, has...
WESTWOOD GLOBAL INSIGHT: GLOBAL LAND RIGS 2Q 2022 REVIEW
As we reach the second half of 2022 oil and gas (O&G) prices remain at high levels. Russia&rs...
WESTWOOD INSIGHT – WILL ONSHORE PIPELINE DEMAND TAKE OFF WITH ROCKETING OIL P...
Onshore pipeline installations have dropped dramatically in recent years, with the industry badly...
WESTWOOD INSIGHT: NEAR 15GW OF FLOATING WIND CAPACITY EXPECTED ONLINE BY 2030
The global floating wind market is a rapidly developing one with a very strong portfolio of p...
WESTWOOD INSIGHT: NORWAY STATE OF EXPLORATION 2012-2021
Exploration activity over the last decade has been impacted by two major oil price crashes and a ...
GLOBAL ACTIVE OSV FLEET BOOSTED BY SIGNIFICANT REACTIVATIONS
Higher oil prices in the first half of 2022 and its impact on oil market fundamentals is already ...
WESTWOOD INSIGHT – THE STATE OF EXPLORATION 2022
Oil and gas exploration in 2021 was remarkably resilient despite the COVID-19 pandemic and accele...
WESTWOOD INSIGHT: SAUDI ARAMCO SAVES THE DAY FOR THE JACKUP FLEET
Saudi Aramco’s initial push to nearly double its jackup fleet by the end of 2024 will resul...
WESTWOOD INSIGHT: OFFSHORE RIG UTILISATION UP TO 18% HIGHER THAN TYPICALLY RE...
Teresa Wilkie, Research Director of RigLogix Utilisation is one of the key barometers on t...
WESTWOOD INSIGHT – ASIA PACIFIC SET FOR SUBSTANTIAL 123% GROWTH IN OFFSHORE W...
Mainland China grabbed the headlines in 2021 after expanding its installed capacity base by an en...
WESTWOOD INSIGHT – KEY OFFSHORE THEMES FROM 1Q 2022
Westwood Global Energy Group has released its latest tranche of comprehensive quarterly offshore ...
IMPROVING CONSENTING TO ACCELERATE UK OFFSHORE WIND DEPLOYMENT
As part of its updated energy strategy to increase energy security and accelerate the energy ...
WESTWOOD GLOBAL ENERGY LAUNCH SUBSEALOGIX
Westwood Global Energy has announced the launched its latest offshore solution for the subsea equ...
NAMIBIA – A NEW GLOBAL HOT SPOT FOR EXPLORATION
Two significant oil discoveries announced by Shell and TotalEnergies in February 2022 have opened...
IMPROVING CONSENTING TO ACCELERATE UK OFFSHORE WIND DEPLOYMENT
As part of its updated energy strategy to increase energy security and accelerate the energy tran...
ENERGY TRANSITION INSIGHTS – A MORE SECURE ENERGY TRANSITION
The invasion of Ukraine has shocked the world and, with it, energy markets. Commodity prices have...
WESTWOOD BOLSTERS RIG MARKET CAPABILITIES WITH NEW SENIOR APPOINTMENT
Westwood Global Energy Group (Westwood), the specialist energy market research and consultancy fi...
OIL, GAS AND NUCLEAR: THE GOOD, THE BAD AND THE UGLY
Westwood Global Energy Transition Insight Some things are certain in the quest for a low-c...
200% UPLIFT IN OFFSHORE INVESTMENT ENCOURAGING FOR THE DRILLING MARKET
Westwood Insight – RigLogix Advanced: Launch of the Global Offshore Rig Market Report ...
WESTWOOD INSIGHT: SIX KEY OFFSHORE WIND THEMES TO WATCH IN 2022
The offshore wind sector had another record-breaking year in 2021. Some 18.6 GW of capacity w...
WESTWOOD INSIGHT – 2021 HIGH IMPACT EXPLORATION
Frontier tests decline with less focus on long term renewal High impact drilling activity in 2...
ENERGY TRANSITION - FRAMING A BUSINESS CASE FOR HYDROGEN IN NORTHWEST EUROPE
Hydrogen has both enormous potential but also an uncertain future. As we noted earlier this y...
WESTWOOD INSIGHT: GLOBAL LAND RIGS DEMAND ON A PATH TO 30% INCREASE BY 2025
Demand for Land Rigs expected to be c. 30% higher in 2025, from the lows of 2020, driven primaril...
WEBINAR: FOCUS ON EUROPE AND THE NORTH SEA
Subsea UK Webinar in partnership with Westwood Global Energy Group Speakers Thom Payne ...
PIPELINE INSTALLATIONS SPEND TO INCREASE BY C. 10% TO $45 BN IN 2021
The Covid-19 pandemic and collapse in oil prices saw global pipeline installations fall from high...
NET ZERO BY 2050 – IMPLICATIONS FOR THE UPSTREAM OIL AND GAS SECTOR OF THE IE...
The release of the IEA’s Roadmap to Net Zero by 2050 report on 20 May is a potential bo...
OSV MARKET FACING HEADWINDS WITH 54% UTILISATION IN 1Q2021
Insights delivered as part of a new collaboration between Braemar and Westwood as they launch the...
WESTWOOD INSIGHT: THE STATE OF EXPLORATION 2021
The State of Exploration report is published at a time which may come to be seen as a watershed m...
INTEGRATED E&PS RAPIDLY ACCELERATE OFFSHORE WIND MARKET SHARE
Integrated E&Ps rapidly accelerate offshore wind market share A paradigm shift is occurring ...
WESTWOOD: OFFSHORE WIND FIDS TO SKYROCKET 57% OUTSIDE CHINA BY 2022
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research ...
WESTWOOD INSIGHT: FARM-OUT LEVELS DROP TO A RECORD LOW IN 2020
Oil companies are constantly seeking to access new exploration opportunities or to share the risk...
AUTOMATION – KEY DRIVER FOR PREMIUM MIDDLE EAST ONSHORE RIG DAY RATES
The Middle East is a significant contributor to onshore rig demand, accounting for c.10% of t...
WESTWOOD WEBINAR: EXPLORATION & 2Q MACRO OUTLOOK
Complimentary registration is now available for our coming webinar sessions in the final week...
US E&PS TO FOCUS ON COMPLETIONS AND FINISH DRILLED UNCOMPLETED WELLS
E&Ps, oilfield service, and supply companies made significant cuts during 2020 in order to su...
WESTWOOD INSIGHT: DRILLSHIP UTILIZATION SURPASSES PRE-PANDEMIC LEVELS
Terry Childs - Head of RigLogix - reviews historic and future drillship rig utilization and share...
WHY EXPLORERS ARE NOT TARGETING MORE GAS IN RESPONSE TO THE ENERGY TRANSITION
There has been much talk about natural gas as a transition fuel, primarily in helping to lower em...
TOTAL TO OUTPACE IBERDROLA AND ØRSTED ON RENEWABLE POWER CAPACITY BY 2030
New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research ...
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...
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...
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...
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...
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 ...
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 ...
WESTWOOD GLOBAL INSIGHT: ARGENTINA’S VACA MUERTA TO PROVIDE THE CORNERSTONE F...
As the onshore drilling industry marches through the third year of recovery, two years ahead ...
WESTWOOD INSIGHT: OFFSHORE RIG SUPPLY – REBALANCING THE MARKET
Consolidation and Rig ‘Recycling’ are at the Forefront of a Supply-Chain Response...
WESTWOOD ENERGY 2018 STATE OF EXPLORATION REPORT
Westwood Global Energy Group has released its ninth annual State of Exploration Report, the d...