Parent category for main sector categorisation
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.
A weekly review of onshore US rig counts by state, county, basin and play.
Each month, Westwood’s onshore team provides a summary outlook for specific service line categories in the wells, services and equipment sector.
Each month, Westwood's subsea team provides a global update on subsea tree awards, with data sourced from, and analysed using, the new SubseaLogix service.
A monthly updated list of offshore rigs and their status in Brazil.
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.
Will the introduction of new, domestic designed, high-capacity turbine models help Chinese developers bridge the capacity gap?
Video on demand for Westwood's December 2020 webinar on Stalled Resources.
Phone : +44 (0)20 3794 5380
Email : info@westwoodenergy.com
