We are a leading provider of information, subscription services and research-led consultancy for the global energy industry. We focus on intelligence and insight for worldwide exploration and oilfield services markets. We help clients make informed commercial and strategic decisions through a combination of proprietary data, insight and knowledge. Our analysis is independent, quality-assured and based on sector expertise throughout our organisation.
The 10th edition of the State of Exploration report covers five years of global high impact exploration.
The back half of 2018 witnessed more than a 4% decline in active horsepower (HHP) being removed from the field, but is expected to rebound in 2019.
Northwest Europe is set to be one of the global focus areas for exploration and appraisal (E&A) drilling during 2019, particularly off the coasts of Norway and the UK.
Continued recovery in the DWS activity is expected over the next five years, despite oil price continuing to struggle at the end of 2018 and early 2019.
This report includes data and analysis for more than 70 of the most important energy producing countries (covering >99% of global hydrocarbon supply), including detailed drilling and production…
Westwood was commissioned by the Norwegian Petroleum Directorate to review advances in exploration technology and geoscience since 1990 and the impact on exploration on the NCS.
This quarter Westwood have added new features into the report including further analysis of upcoming orders and installations & a summary of the key details of the last 12 months in the FPS industry.
Westwood’s World Oilfield Equipment Market Forecast shows improvement in several service lines, including Artificial Lift and Fixed & Floating Production.
The Q4 2018 edition of Westwood’s World Drilling & Well Services Expenditure Market Forecast presents the latest outlook for this critical leading-indicator sector for the wider OFS industry.
May 16 2019
PRESS RELEASE For immediate release According to fresh insights from newly enhanced intelligence platform, RigLogix (Aberdeen, UK) Thursday, 16th May 2019 – New insights into the offshore global rig market from research consultancy, Westwood Global Energy Group, reveal an acceleration in rig activity over the last 12 months, driving up rig rates in some areas […]
May 13 2019
Momentum Returning to Rig Market Utilization – Are Dayrates Far Behind? With the global offshore rig market starting to show signs of picking up, there has been a great deal written about the offshore rig recovery, and while rig owners in a few regions are enjoying high utilization and the dayrate benefits that go along […]
May 9 2019
The Maria field in the Norwegian Sea came onstream a year ahead of schedule and ~$370m underbudget. The field has underperformed, triggering a 71% downward revision to the 207mmboe reserves at sanction, and 50% of the US$1.5 billion capital cost of the project being written off so far. Westwood benchmarking shows that Maria was under-appraised […]
May 8 2019
Westwood has some exciting news for global offshore drilling rig intelligence… Following extensive client and industry consultations, data and interface developments and expansion of the offshore drilling rigs team at Westwood, we are delighted to announce the launch of a completely reimagined and rebuilt RigLogix platform
