Innovators: Offshore Energy

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Westwood Insight: Northwest Europe Exploration Drilling – 2017 Results and 2018 Outlook

by Kassandra Sharron on January 25, 2018

A ten year low in oil discoveries in Norway in 2017 doesn’t deter an expected increase in drilling in 2018, whilst performance continues to improve in the UK with the focus switching to gas for 2018.   In 2017, there was a shift towards high impact exploration drilling in both the UK and Norway. Norway saw a concerted effort of 10 exploration wells in the Arctic Barents Sea region and there were also five high impact tests in the UK North Sea, which is unusual for such a mature basin.   Read more.

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Deepwater Expenditure Backed by Phased Development & Tiebacks

by Admin on October 10, 2017

Westwood’s World Deepwater Market Forecast 2017-2021 Q4 data update expects expenditure to total $126.9bn over the forecast period, with activities concentrated in Africa and the Americas. Read more.

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Husky Energy West White Rose Project - Supplier Information Sessions

by Admin on September 21, 2017

Husky Energy invites you to attend a West White Rose Project Supplier Information Session on October 2 in Placentia or October 3 in St. John’s.
  Read more.

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Westwood Energy

by Admin on August 30, 2017

Continued improvement in the US onshore sector into the second half of 2017 is expected to support a recovery in global DWS expenditure, according to Westwood Global Energy Group’s latest Wo Read more.

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Westwood Insight: Land Rigs in Focus

by Admin on August 21, 2017

Land rigs – a fragmented, undisciplined, commoditized market? Why would rig contractors and E&P companies buy land rigs when oil prices are at recent historic lows, E&P firms are reigning-in Capex and there is seemingly an awful lot of idle rigs and equipment stacked in yards (or worse, in the field) globally?   Read more.