Commercial Advisory Case Study – Regulatory Body
Project Briefing The Client required a comprehensive study into the impact that advances in technology,...
Project Briefing The Client required a comprehensive study into the impact that advances in technology,...
Video on demand for Westwood's January 2021 webinar on UK and Norway exploration well drilling.
Video on demand for Westwood's January 2021 webinar on our 1Q Macro Outlook
Video on demand for Westwood's January 2021 webinar on Key Wells to Watch / Hits and Misses
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.
Video on demand for Westwood's December 2020 webinar on Stalled Resources.
With the Energy Transition gaining pace, several Exploration and Production (“E&P”) companies have adjusted their business models; both to reduce emissions and to mitigate climate-related business risks.
Video on demand for Dr. Keith Myers presentation at HGS-PESGB Africa Conference, October 2020.
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