Westwood Webinars – Appraisal Hits & Misses
Video on demand for Westwood's March 2021 webinar on Appraisal Hits & Misses
Video on demand for Westwood's March 2021 webinar on Appraisal Hits & Misses
There has been much talk about natural gas as a transition fuel, but is there any evidence that explorers are now targeting more gas in exploration?
How do 'clean energy Supermajors' and 'oil and gas Majors' really compare in ambition and approach to renewable power generation, and what possible implications does this have?
Video on demand for Westwood's January 2021 webinar on UK and Norway exploration well drilling.
After a torrid 2020, the outlook for the offshore EPC market in 2021 looks promising, boosted by projects deferred from 2020.
Video on demand for Westwood's January 2021 webinar on our 1Q Macro Outlook
We start the year off with our review of 2020 high impact exploration activity, and a look into key wells to watch for 2021, summarised by Westwood's Head of Global Exploration & Appraisal, Graeme Bagley.
Westwood’s analysis of 3 E&P peer groups – the five Supermajors, four selected National Oil Companies (“NOCs”) and 17 selected US Shale producers, suggests that 2021 capital expenditures are likely to remain relatively flat or decrease slightly compared to 2020, at a US$50/bbl Brent (US$45/bbl WTI) oil price assumption.
After a turbulent 2020 for the oil and gas industry, 2021 is expected to see a modest rise in investment in the UK and Norway offshore sectors, assuming a US$50 per barrel average oil price. Exploration activity could recover to 2019 levels and investment in new developments is set to increase.
Phone : +44 (0)20 3794 5380
Email : info@westwoodenergy.com