The oil market continues its cautious rally but more uncertainty lies ahead
The latest Westwood Insight from Thom Payne
News & Insights
North Sea Exploration Performance
Sustaining production from existing infrastructure remains the key driver for North Sea exploration but five...
News & Insights
BP’s Exploration asset write down highlights diverging views on the future of oil and gas
The divergence in how oil companies are seeing the future is exemplified by BP’s write...
News & Insights
The State of Exploration 2020
Westwood has published its annual review of global exploration activity and performance over the last five years and the outlook for 2020 and beyond.
News & Insights
Down but not out – high impact exploration to fall up to 35% in 2020
Following the double whammy of the collapse in the oil price and the Covid-19 pandemic, exploration plans are being redrawn and the well count is expected to drop by as much as 35% on 2019 levels.
Sub-$30/bbl WTI drastically alters the US unconventional supply chain
Independents and small public E&Ps active in US shale cut $17 billion with each company...
The Offshore Rig Market – At $30 Oil Offshore Drillers May Be Out of Options
RigLogix has contacted a number of rig owners and operators and the consensus seems to be that it’s going to get worse before it gets better, especially if current conditions persist.
Why excelling in stratigraphic trap exploration is now the key to top quartile performance
More oil and gas were discovered in stratigraphic traps than any other trap type in the last decade. Excelling in stratigraphic trap exploration is now the key to top quartile exploration performance.
News & Insights
2020: More offshore EPC spending but competitive pricing remains the norm?
Significant cost reductions have improved E&P cashflows and should drive increased offshore tendering activity in 2020. Pricing is expected to remain competitive, however, and contractors will need to remain focussed on profitability.
