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 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.
The US Drilling & Completion Market Forecast is an invaluable guide to the future prospects for one of the hottest areas of global activity at present.
Apr 18 2019
In the last Roundup before Easter, Terry Childs delves deeper into cold stacked offshore drilling rigs and give his view on SPS (special periodic surveys) dates and how many rigs are likely to be retired.
Apr 10 2019
The West African offshore rig market has been one of the hardest hit during the oil price downturn. Once a region that attracted premium units and demanded some of the highest rig day rates – some rigs commanded over $600,000 – it quickly descended into an area with a glut of stacked rigs and a demand drought.
Apr 7 2019
The offshore market is set for a bumper year with 83 greenfield FIDs expected, totalling $115 billion in infrastructure, equipment & associated drilling services. This includes $19.2bn on FPSO/FLNG awards – of which $5.5bn are lucrative newbuild FPSO opportunities. Historically, the “Big 3” South Korean yards – Samsung Heavy Industries (SHI), Hyundai Heavy Industries (HHI) […]
Apr 5 2019
This week, Terry Childs speaks on the Asian jackup market, the global drillship fleet (1:31) and any changes in jackup backlogs (1:55)…
