With the oil price crash and COVID-19, the near-term outlook for the offshore rig market is on a lot of minds. 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.
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.
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.
The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated...
Tough competition from US unconventionals and other non-OPEC production, recent drone attacks on vital Saudi...
Unlock Cash and Drive Capital Efficiency with Operations Science in the Delaware Basin The time...
The minimum commercial field size (MCFS) for deepwater standalone oil developments since 2007 has been...
Latin America has emerged as one of the focus regions for rig demand growth over...
In the 2000’s national oil companies (NOCs) investing abroad were viewed as new competition to...
Phone : +44 (0)20 3794 5380
Email : info@westwoodenergy.com
