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Liquids and gas production set to reach 173mmboepd by 2030, with 9% growth on 2022 levels

New report from Westwood finds Middle East and Americas are forecast to account for two…

Wells & Production Outlook 2023-2030

A series of four regional reports covering onshore and offshore performance in the Americas, Europe…

Weekly Global Offshore Rig Counts

Weekly global offshore rig counts for jackup and floating rigs.

Brazil Offshore Rig Counts

A monthly updated list of offshore rigs and their status in Brazil.

Westwood Insight – Rosebank development finally sanctioned

27 September 2023: Rosebank development finally sanctioned Equinor and partner Ithaca Energy have taken the…

RigLogix Offshore Rig News Roundup

The latest offshore rig news roundup from the RigLogix team

Global Land Drilling Rigs Tracker

Each month Westwood's onshore team provides a global update on land drilling rig supply, with…

What happened in Taiwan’s Round 3 Phase 1 leasing round?

In mid-December 2022, the Taiwanese Ministry of Economic Affairs completed the price selection for the…

Offshore Energy Data Dashboard

Offshore Energy Data Dashboard Each month Westwood’s Offshore and New Energies teams provide a global…

Westwood Insight – Rig dayrates have risen, so when are the new rig orders coming?

Much has been written in recent months about the increase in offshore rig utilisation and…

Westwood Insight – Nigeria’s oil and gas sector set to liven up with 140 new wells drilled year-on-year to 2030

Nigeria, traditionally Africa's largest oil producer, has seen its oil and gas (O&G) production struggle…

Nigeria’s oil and gas sector set to liven up with 140 new wells drilled year-on-year to 2030

New analysis suggests that while oil production is on the rise in the country, Nigeria…

Westwood Insight – Will the UK realise its 2030 offshore wind target?

Westwood’s current outlook for the UK’s 2030 installed base for the offshore wind sector stands…

Westwood Insight – Impact of UK ETS reforms on the offshore oil and gas Industry

On 3 July 2023, the UK Government announced a package of reforms by the UK…

Global Subsea Tree Tracker

Each month Westwood's subsea team provides a global update on subsea tree awards, with data…

Westwood Insight – The growing significance of CPPAs in the offshore wind sector

This insight is excerpted from the executive summary of the latest in a series of…

Energy Transition Now Podcast – Offshore Wind Series Review

The offshore wind industry has a key role to play in creating a more sustainable…

Energy Transition Now Podcast Series 5

Information on Westwood's new schedule of Energy Transition podcasts.

Energy Transition Now Podcast

Information on Westwood's new schedule of Energy Transition podcasts.

Westwood Webinars – Offshore Wind Market Update 1H 2023

Video on demand for Westwood's May 2021 webinar on UK and Norway – The role…

Global Land Rigs Newsletter – 2Q 2023

Quarterly Summary Onshore drilling activity remained strong in the second quarter of 2023 with global…

Westwood Insight – Harsh environment semisub market sells out; dayrates approach $500K

In just six months, committed utilisation of marketed sixth generation harsh environment semisubmersibles (semis) has…

Energy Transition Now Podcast – Episode 30 “Achieving Sustainability in Offshore Wind”

The offshore wind industry has a key role to play in creating a more sustainable…

Energy Transition Insights – Energy Transition themes in the UK and Norway

Welcome to the latest Energy Transition Insight, tracking opportunities in the evolving energy sector. Our…

White Paper – Tackling the Cost Inflation Challenge in Offshore Wind

Inflation has been one of the key challenges facing the global economy over the past…

Westwood Insight – The UK’s 1st Carbon Storage Licence Round

On 18 May 2023, the North Sea Transition Authority (NSTA) announced the preliminary results of…

Westwood Insight – Asia Pacific offshore rig supply shrinking and dayrates surging

Since Westwood’s last Asia Pacific (APAC) offshore drilling rig insight, the market – as predicted…

Energy Transition Now Podcast – Episode 29 “Delivering Europe’s Offshore Wind Ambitions”

Ambition is not something the Offshore Wind industry is lacking. The question is whether it…

Offshore Wind Cost Inflation Survey 2023

Welcome to the Westwood Offshore Wind Cost Inflation Survey 2023. At the start of this…

Westwood Insight – The State of Exploration 2023

Whilst explorers are used to the roller coaster ride of oscillating oil prices and the…

Westwood Webinars – UK and Norway – The role of exploration in the energy transition

Video on demand for Westwood's May 2021 webinar on UK and Norway – The role…

Westwood Insight – GCC onshore drilling rig demand forecast for 25% growth by 2027

Westwood has released the MENA Onshore Drilling Rig Market Forecast, the first in a series…

Energy Transition Insights

Information on Westwood's Energy Transition Insights newsletter.

Global Offshore Wind Market Report – 1Q 2023

The latest edition of the Global Offshore Wind Market Report reveals an estimated 5.2GW of…

Energy Transition Now Podcast – Episode 28 “The Role of Floating Vertical-Axis Wind Turbines”

For a technology that is essentially still in a pre-commercial phase, the expectation is high…

Westwood Insight – ‘Wider benefit’ in offshore wind decision-making

This insight is excerpted from the executive summary of the second in a series of…

Energy Transition Now Podcast – Episode 27 “Unlocking Offshore Wind in Southeast Asia”

In this episode David speaks with Liming Qiao, the Head of Asia from GWEC on…

A landmark year for CCUS in Northwest Europe

Extract of Licence CS004. Source: Westwood Atlas New Energies 2023 is turning into a…

Energy Transition Now Podcast – Episode 26 “Expanding offshore wind to emerging markets”

Kicking off our Offshore Wind mini-series, David spoke with Mark Leybourne, Senior Energy Specialist, Energy…

Global Land Rigs Newsletter – 1Q 2023

Quarterly Summary The first quarter of 2023 has continued the trend from the latter stages…

Westwood Insight – FLNG market emerges from the doldrums, with $35bn EPC contract award value forecast 2023-27

When Shell announced final investment decision (FID) on its Prelude floating liquefaction natural gas (FLNG)…

Westwood Insight – UK fiscal regime to amplify North Sea rig exodus

Since the UK Government announced a further 10% hike to the UK Energy Profits Levy…

Energy Transition Insights – Hydrogen scale-up: what’s priming the UK for success?

In this issue we explore the key factors priming hydrogen for success in the UK…

Westwood Insight – Buyer beware when it comes to exploration farm-outs

Since 2017 high impact (HI) exploration wells drilled outside USA and Canada, where equity was…

Westwood Insight – Offshore rig scrapping lowest in years as recovery intensifies

Rig activity stood out in several regions in 2022 and there is no reason to…

Westwood Insight – UK and Norway exploration and production outlook for 2023

2022 was a turbulent year for the oil and gas industry that was dominated by…

Westwood Insight – Supermajor cashflow and the capex conundrum

The five supermajor oil companies have become incredibly efficient in generating cash from oil and…

Westwood Insight – Pacific Wind: California dreaming?

In December 2022 California held its first offshore wind leasing round – Pacific Wind. This…

Westwood Insight – Global marketed offshore rig utilisation to average 95% in 2023

Rig activity stood out in several regions in 2022 and there is no reason to…

Energy Transition Insights – Six key offshore wind themes to watch in 2023

In this edition we explore the key themes for 2023 that Westwood is keeping a…

Global Land Rigs Newsletter – 4Q 2022

Introduction Onshore rig demand continued to be high in numerous regions across the globe in…

Westwood Insight – 2022 High impact exploration drilling stable with improved performance despite a turbulent year

In a tumultuous year of change in the world, high impact drilling in 2022 remained…

US Weekly Onshore Rig Counts

A weekly review of onshore US rig counts by state, county, basin and play.

RigLogix Offshore Rig News Roundup 2022

The latest offshore rig news roundup from the RigLogix team

Weekly Global Offshore Rig Counts 2022

Weekly global offshore rig counts for jackup and floating rigs.

Global Subsea Tree Tracker 2022

Each month Westwood's subsea team provides a global update on subsea tree awards, with data…

Westwood Insight – Record levels of FPS throughput capacity to be sanctioned

As we enter the final month of 2022, a review of the floating production system…

Westwood Insight – The changing landscape of offshore wind subsidies

This insight is excerpted from the executive summary in the first of a series of…

Westwood Insight – INTOG: Right idea, wrong process?

On the 18th of November the competitive leasing period for the INTOG offshore wind process…

Westwood Insight – North Sea semisub fundamentals improving but more rigs leaving region

Utilisation of North Sea semisubmersibles (semis) as well as award activity during 2022 have shown…

Westwood Insight – Is offshore wind development in Mainland China sustainable without subsidy?

Mainland China’s offshore wind market experienced phenomenal capacity growth in 2021, adding 16.4GW and catapulting…

OEUK Exploration Insight Report, supported by Westwood

OEUK has published its Exploration Insight Report 2022 that includes results from a joint study…

Energy Transition Insights – What does the Global Energy Crisis mean for the Energy Transition?

The Global Energy Crisis has been brewing since the last quarter of 2021.

Westwood Insight – Healthy demand and premium dayrates for low-emission rigs to 2026

The energy crisis that has arisen during 2022 and the mounting importance of energy security…

Equinor drives low-emission rig adoption in Norway and Brazil with rest of the world slower off the mark

New special market report from Westwood profiles 13 international offshore drilling rig managers

Westwood Insight – Onshore O&G pipeline capex to total $369 billion 2022-2028 as world cries out for greater supply

Initial findings from Westwood’s upcoming onshore pipeline market forecast, indicate that the outlook for oil…

Westwood Webinars – International Land Rigs Webinar Annual Report Review

Video on demand for Westwood's October 2022 webinar on Global Land Rigs

Offshore wind opportunity soars with 135 GW of potential capacity available in leasing rounds

Upgrades to Westwood’s proprietary WindLogix solution reveals new insights from enhanced coverage, including tracking of…

Global Land Rigs Newsletter – 3Q 2022

During 3Q 2022 the onshore oil and gas (O&G) industry continued to enjoy strong levels…

Westwood Insight – The need for collaboration in New Energies projects

Net Zero targets and emission-reduction initiatives in Northwest Europe (NWE) have created huge opportunities in…

Energy Transition Insights – Unpicking ONS 2022: the questions for oil and gas

ONS attracts 65,000 visitors from more than 100 countries. It is no longer just about…

Energy Transition Now Podcast – Episode 25 “Drilling in a low-carbon world”

David - and co-host Teresa Wilkie - spoke with Lola Caballero, Head of the Decarbonisation…

Energy Transition Now Podcast Series 4

Information on Westwood's new schedule of Energy Transition podcasts.

Judge rules against GE selling Haliade-X offshore wind turbine in the US

GE has been barred from selling its Haliade-X offshore wind turbine in the US by…

Current pipeline of blue hydrogen projects projected to exceed 2030 targets in the UK

Westwood’s intelligence solution for energy transition stakeholders, Atlas New Energies, launches today, revealing that blue…

Westwood Insight – Mainland China advances floating wind capacity to reach 477MW by 2026

With this rapid expansion in fixed-bottom offshore wind development, it’s no wonder that Mainland China…

Westwood Insight – Global onshore rig demand forecast for 24% growth by 2026

The outlook for onshore rig demand is improving with elevated commodity prices spurring increased drilling…

World Land Drilling Rig Market Forecast 2022-2026

This is the eleventh edition of the World Land Drilling Rig Market Forecast report. It…

Energy Transition Now Podcast – Episode 24 “Championing UK Offshore Wind”

To give us their perspective on things, David Linden from WGEG speaks to Tim Pick,…

Explaining voluntary carbon offsets

The idea behind voluntary offsets is simple: if your activities lead to the release of…

Energy Transition Insights – Flexibility is key in a zero-carbon energy world

As the oil and gas sector’s biggest markets are set to shrink over the long…

Westwood Insight – UK CfD Auction: 7 GW supported, but price drop slows

The UK’s Contracts for Difference (CfD) scheme has played a key role in developing the…

Westwood Webinars – Norway State of Exploration 2012-2021

Video on demand for Westwood's May 2021 webinar on The State of Exploration

Westwood Insight – High impact exploration on the rebound: Major frontier discoveries and the most wells since 2019

38 high-impact exploration wells were drilled in the first half of 2022, similar to the…

Energy Transition Now Podcast – Episode 23 “Foresight in a Changing Energy World”

In this episode of Energy Transition Now David Linden speaks with Thomas Boermans, the Head…

Westwood Insight – Contractors in buoyant mood as five-year offshore EPC spend to total $276 billion

A review of offshore oil and gas (O&G) engineering, procurement and construction (EPC) activities in…

Westwood Insight – APAC jackup utilisation ramps up, but maybe not for the right reasons

Rig activity in the Asia Pacific (APAC) region, which comprises Southeast Asia and Australia, has…

Global Land Rigs Newsletter – 2Q 2022

As we reach the second half of 2022 oil and gas (O&G) prices remain at…

Energy Transition Now Podcast – Episode 22 “Appreciating the role of climate science”

In this episode of Energy Transition Now David Linden speaks with Zeke Hausfather, the climate…

Westwood Insight – Norway leads the way with emissions intensity and electrification projects

Westwood takes a deep dive into Norway’s emissions forecast and the impact future electrification projects…

Westwood Insight – Will onshore pipeline demand take off with rocketing oil prices and new energies?

Onshore pipeline installations have dropped dramatically in recent years, with the industry badly impacted by…

Energy Transition Insights – Offsets: why you should look but not touch

March saw Chevron Singapore Pte Ltd launching a carbon offset programme for its Singaporean Caltex…

Westwood Insight – Near 15GW of floating wind capacity expected online by 2030

The global floating wind market is a rapidly developing one with a very strong portfolio…

Energy Transition Now Podcast – Episode 21 “Opportunities and challenges of floating offshore wind”

We kickstart Series Four of the Energy Transition Now podcast, just as RenewableUK begins first…

Westwood Insight – Norway State of Exploration 2012-2021

Exploration activity over the last decade has been impacted by two major oil price crashes…

Westwood Insight – Global active OSV fleet boosted by significant reactivations

Higher oil prices in the first half of 2022 and its impact on oil market…

Westwood Insight – UKCS on track to meet emissions targets but increasing pressure to address intensity

The pressure is rising to reduce emissions from upstream operations. The last few years has…

Westwood Insight – The State of Exploration 2022

Oil and gas exploration in 2021 was remarkably resilient despite the COVID-19 pandemic and accelerating…

Westwood Insight – Saudi Aramco saves the day for the jackup fleet

Saudi Aramco’s initial push to nearly double its jackup fleet by the end of 2024…

Energy Transition Insights – Europe’s need for gas may not be the opportunity you expect

Europe’s recently difficult relationship with Russia took a turn for the worse at the end…

Westwood Seminar Recording – “A North Sea of Opportunity”

Our analyst team presented an afternoon of market insights looking at a range of North…

Westwood Insight – Offshore rig utilisation up to 18% higher than typically reported

Utilisation is one of the key barometers on the health of the offshore rig market,…

Westwood Insight – Asia Pacific set for substantial 123% growth in offshore wind spend

Mainland China grabbed the headlines in 2021 after expanding its installed capacity base by an…

Global Land Drilling Rig Dayrate White Paper

Since the oil and gas downturn of 2014 there has been significant pressure on drilling…

Energy Transition Now Podcast – Episode 20 “Power-to-X”

In the 20th episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Libbe…

Westwood Insight – Key offshore themes from 1Q 2022

Westwood Global Energy Group has released its latest tranche of comprehensive quarterly offshore market reports…

Energy Transition Now Podcast Series 3

Information on Westwood's new schedule of Energy Transition podcasts.

Energy Transition Now Podcast – Episode 19 “Financing the Energy Transition”

In the 19th episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Tara…

Global Land Rigs Newsletter – 1Q 2022

The key story of the last three months has been the rapid rise in oil…

The emerging Orange Basin oil province in Namibia – a new global hot spot for exploration

Two significant oil discoveries announced by Shell and TotalEnergies in February 2022 have opened multiple…

Improving Consenting to Accelerate UK Offshore Wind Deployment

As part of its updated energy strategy to increase energy security and accelerate the energy…

Energy Transition Now Podcast – Episode 18 “The Energy Transition in Africa”

In the 18th episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Amy…

Westwood bolsters rig market capabilities with new senior appointment

Aberdeen, UK, 31 March 2022: Westwood Global Energy Group (Westwood), the specialist energy market research…

Energy Transition Insights – A more secure energy transition

The invasion of Ukraine has shocked the world and, with it, energy markets. Commodity prices…

Bloomberg Briefing – Global Offshore Rig Outlook with RigLogix

Recorded on March 15th 2022, Westwood's Terry Childs, Head of RigLogix, joined Scott Levine for…

Energy Transition Now Podcast – Episode 17 “Why PetChems won’t save oil demand”

In the 17th episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with David…

Energy Transition Insights – Weighing up the buzz around biofuels

There is something quite seductive about the potential of biofuels in the energy transition.

Energy Transition Now Podcast – Episode 16 “The implications of an increasing dependency on data and technology”

In the 16th episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Sally…

Westwood Insight – Global Land Drilling Rig Activity Boosted as Oil Prices Break $100

At the beginning of January 2022 Brent prices were at $78 a barrel, well above…

Energy Transition Now Podcast – Episode 15 “What Antarctica tells us about climate change”

In the 15th episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Martin…

Energy Transition Insights – Oil, gas and nuclear: the good, the bad and the ugly

Some things are certain in the quest for a low-carbon energy system. Wind and solar…

Westwood Insight – Is The Drillship Market Really Sold Out For 2022?

As we are into the first month of the new year, some reports suggest that…

Global Land Rigs Newsletter – 4Q 2021

Introduction Oil prices remained high during the final quarter of 2021, averaging c.$80, an important…

Westwood Insight – RigLogix Advanced: Launch of the Global Offshore Rig Market Report

January 2022 marks the launch of Westwood Global Energy’s much anticipated Global Offshore Rig Market…

Westwood Insight – Six key offshore wind themes to watch in 2022

Six key offshore wind themes to watch in 2022 The offshore wind sector had another…

Westwood Insight – 2021 High Impact Exploration – lowest discovered resource outside Russia for more than a decade

Despite the energy transition, the E&P sector has so far maintained the high impact well…

John Douglas Westwood 1945-2022

It’s with great sadness, and with permission of John’s family, that we announce the passing…

Energy Transition Insights – Top seven energy transition trends to watch in 2022

It’s that time of year when we lay down plans for the next 12 months—and…

RigLogix Offshore Rig News Roundup 2021

The latest offshore rig news roundup from the RigLogix team

Global Subsea Tree Tracker 2021

Each month Westwood's subsea team provides a global update on subsea tree awards, with data…

Weekly Global Offshore Rig Counts 2021

Weekly global offshore rig counts for jackup and floating rigs.

Westwood Insight Special: Framing a business case for Hydrogen in Northwest Europe

Energy Transition - Framing a business case for hydrogen in Northwest Europe Hydrogen has both…

Energy Transition Insights – COP26: the lessons for oil and gas

Much has been written about this year’s 2021 United Nations Climate Change Conference, or COP26.…

WindLogix – US Offshore Wind Pipeline by State

Offshore wind development across US states has not been uniform, with states such as Massachusetts,…

Energy Transition Insights – Is natural gas a bridge too far in 2021?

For oil and gas leaders, the challenge is how to go from villain to hero…

Westwood Webinars – Offshore Rig Market Update 2021

Video on demand for Westwood's November 2021 webinar on the Offshore Rig Market Update

Westwood Insight Special: Maersk Drilling and Noble Drilling Merger Analysis

The merger of Maersk Drilling and Noble Drilling came as no surprise to many that…

Energy Transition Now Podcast – Episode 14 Series Review

This week in Episode 14 we turn the tables and have Gareth Hector – Westwood’s…

Energy Transition Now Podcast Series 2

Information on Westwood's new schedule of Energy Transition podcasts.

Energy Transition Now Podcast – Episode 13 with Marek Kubik

In the thirteenth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Marek…

Global Land Rigs Newsletter – 3Q 2021

In this inaugural edition of Westwood's quarterly Land Rig newsletter, authored by Todd Jensen, we look…

Energy Transition Now Podcast – Episode 12 with Jamie Beard

In the twelfth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Jamie…

Westwood Webinars – 4Q 2021 Macro Outlook

Video on demand for Westwood's July 2021 webinar on 3Q 2021 Macro Outlook

Energy Transition Now Podcast – Episode 11 with Kentaro Hosomi

In the eleventh episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Kentaro…

Energy Transition Insights – How to ensure hydrocarbon infrastructure still has value

How to ensure hydrocarbon infrastructure still has value If we want to reach net zero…

What is the Energy Transition?

What you need to know about the Energy Transition.

Energy Transition Now Podcast – Episode 10 with Siobhan Clarke

In the tenth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Siobhan…

Westwood Webinars – Focus on Offshore Wind, with Subsea UK

Video on demand for Westwood's September 2021 webinar in partnership with Subsea UK on Focus…

Energy Transition Now Podcast – Episode 9 with Duncan McLachlan & Safina Jivraj

In the ninth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Duncan…

Africa E&P Summit 2021, Video on Demand

Video on demand for Westwood's September 2021 presentation at the Africa E&P Summit

Westwood Webinars – International Land Rigs – A Road to Recovery

Presenting Westwood's webinar session on International Land Rigs. Presenters for the session were Arindam Das,…

Energy Transition Insights – ESG performance: just what are investors looking for?

ESG performance: just what are investors looking for? Getting money from investors is never easy.…

Global land rigs demand on a path to 30% increase by 2025 from nadir of 2020

Demand for Land Rigs expected to be c. 30% higher in 2025, from the lows…

Global Exploration and Appraisal Reports

The Wildcat team at Westwood Global Energy aims to help companies improve their exploration performance.…

Energy Transition Insights – Direct air capture: a vital negative emissions technology or a distraction?

Geothermal is hot. There is growing enthusiasm for the technology across a wide spectrum of…

Explaining direct air capture (DAC) and the energy transition

A brief explanation of the role of hydrogen in the energy transition.

Key Considerations for Newbuilds in the Offshore Wind Installation Vessel Market

Much has been written on the upcoming supply crunch in the investor-friendly offshore wind installation…

Energy Transition Survey Results

Energy Transition Survey - The results are in... Over the course of July 2021, Westwood…

Westwood Webinars – 3Q 2021 Macro Outlook

Video on demand for Westwood's July 2021 webinar on 3Q 2021 Macro Outlook

Westwood Webinars – Subsea Opportunities Europe, with Subsea UK

Video on demand for Westwood's July 2021 webinar in partnership with Subsea UK on Subsea…

Energy Transition Now Podcast – Episode 8 with Dominic Emery

In the eigth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Dominic…

Energy Transition Now Podcast Series 1

Information on Westwood's new schedule of Energy Transition podcasts.

Energy Transition Now Podcast – Episode 7 with Emeliana Rice-Oxley

This week, Emeliana Rice-Oxley, Vice President, Exploration in Upstream Business PETRONAS joins the Energy Transition…

Energy Transition Insights – The green barrel: added confusion or a serious proposition for the transition?

Choosing the right path in the transition is not easy, and at times even confusing.…

Energy Transition Now Podcast – Episode 6 with Clara Altobell

In the sixth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Clara…

Energy Transition Now Podcast – Episode 5 with Grete Tveit

In the fifth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Grete…

Pipeline installations spend to increase by c. 10% to $45 bn in 2021

Watch a short summary presentation of the latest report below. Presented by Ben Wilby. The…

Offshore Support Vessels Webinar

Video on demand for Westwood and Braemar ACM Shipbroking global OSV outlook

Energy Transition Now Podcast – Episode 4 with Jo Coleman

In the fourth episode of Westwood’s Energy Transition Now podcasts, David Linden speaks with Jo…

Westwood Webinars – APAC Offshore Market Overview, with Subsea UK

Video on demand for Westwood's June 2021 webinar in partnership with Subsea UK on APAC…

Energy Transition Insights – Geothermal: could the UK be the key to wider markets?

Geothermal is hot. There is growing enthusiasm for the technology across a wide spectrum of…

Explaining geothermal energy and the energy transition

A brief explanation of the role of hydrogen in the energy transition.

Net Zero by 2050 – implications for the upstream oil and gas sector of the IEA’s roadmap

The release of the IEA’s Roadmap to Net Zero by 2050 report on 20 May…

Energy Transition Now Podcast – Episode 3 with Julien Perez

In the third of Westwood's Energy Transition Now podcasts, David Linden speaks with Julien Perez,…

The State of Exploration 2021

The State of Exploration report is published at a time which may come to be…

Westwood Webinars – Offshore Wind Outlook

Video on demand for Westwood's May 2021 webinar on Offshore Wind Outlook

Integrated E&Ps rapidly accelerate offshore wind market share

A paradigm shift is occurring in the offshore energy sector with the recent surge in…

Record number of FPSO licenses set to expire in 2022

Analysis highlights opportunity to repurpose FPSOs for marginal field development Aberdeen, UK, 19 May…

Energy Transition Now Podcast – Episode 2 with Iman Hill

In the second of Westwood's Energy Transition Now podcasts, David Linden speaks with Iman Hill,…

Westwood Webinars – State of Exploration 2021

Video on demand for Westwood's May 2021 webinar on The State of Exploration

Energy Transition Insights – Clean hydrogen: today’s reality or tomorrow’s dream?

Clean hydrogen: today’s reality or tomorrow’s dream? The level of hype surrounding clean hydrogen is…

Energy Transition Now Podcast – Episode 1 with William Day

In the first of Westwood's Energy Transition Now podcasts, David Linden speaks with Sustainability Consultant,…

Why is hydrogen important to the Energy Transition?

A brief explanation of the role of hydrogen in the energy transition.

Drilling & Well Services Spotlight

Each month, Westwood’s onshore team provides a summary outlook for specific service line categories in…

Westwood Webinars – Five Year Exploration Outlook

Video on demand for Westwood's April 2021 webinar on 5 Year Exploration Outlook

Westwood Webinars – Subsea Opportunities Latin America, with Subsea UK

Video on demand for Westwood's April 2021 webinar in partnership with Subsea UK on Subsea…

Offshore wind FIDs to skyrocket 57% outside China by 2022

New analysis follows launch of WindLogix solution Aberdeen, UK, 27 April 2021: New analysis from Westwood Global Energy Group (Westwood), the specialist energy market research and…

Westwood Webinars – 2Q 2021 Macro Outlook

Video on demand for Westwood's April 2021 webinar on 2Q 2021 Macro Outlook

Farm-out market in 2020: Deal flow at all time low but success rates from wells drilled at a 5 year high

The farm-out market in 2020

Automation – key driver for premium Middle East onshore rig day rates

The Middle East is a significant contributor to onshore rig demand, accounting for c.10% of…

US E&Ps to Focus on Completions and Finish Drilled Uncompleted Wells

E&Ps, oilfield service, and supply companies made significant cuts during 2020 in order to survive…

Drillship Utilization Surpasses Pre-Pandemic Levels, But Still Room For Improvement

It goes without saying that the past year has been unprecedented for not just the…

Westwood Webinars – Appraisal Hits & Misses

Video on demand for Westwood's March 2021 webinar on Appraisal Hits & Misses

Why explorers are not targeting more gas in response to the Energy Transition

There has been much talk about natural gas as a transition fuel, but is there…

Westwood Webinars in 2021

If you would like to receive news and updates from Westwood Global Energy Group, including…

Scaling Renewables: the converging world of Oil & Gas and the Clean Energy Supermajors

How do 'clean energy Supermajors' and 'oil and gas Majors' really compare in ambition and…

Westwood Webinars – A Tale of Two Shelves

Video on demand for Westwood's January 2021 webinar on UK and Norway exploration well drilling.

Offshore EPC investment primed for a rapid bounce-back in 2021

After a torrid 2020, the outlook for the offshore EPC market in 2021 looks promising,…

Westwood Webinars – Westwood’s 1Q 2021 Macro Outlook

Video on demand for Westwood's January 2021 webinar on our 1Q Macro Outlook

Westwood Webinars – Key Wells to Watch 2021

Video on demand for Westwood's January 2021 webinar on Key Wells to Watch / Hits…

2020 High Impact Exploration and 2021 Key Wells to Watch

We start the year off with our review of 2020 high impact exploration activity, and…

Global Subsea Tree Tracker 2020

Each month Westwood's subsea team provides a global update on subsea tree awards, with data…

E&P capital expenditure – what is the outlook for 2021?

Westwood’s analysis of 3 E&P peer groups – the five Supermajors, four selected National Oil…

UK and Norway Exploration and Production Outlook for 2021

After a turbulent 2020 for the oil and gas industry, 2021 is expected to see…

Offshore Wind Turbine Evolution

Will the introduction of new, domestic designed, high-capacity turbine models help Chinese developers bridge the…

Westwood Webinars – Stalled Resources

Video on demand for Westwood's December 2020 webinar on Stalled Resources.

Westwood Insight – Tracking the environmental impact of the oil and gas supply chain

With the Energy Transition gaining pace, several Exploration and Production (“E&P”) companies have adjusted their…

Westwood Events – The True Cost of Exploration in Africa

Video on demand for Dr. Keith Myers presentation at HGS-PESGB Africa Conference, October 2020.

The opportunities for collaboration and synergy between the UK offshore oil & gas and wind sectors

The UK’s path to reaching net-zero by 2050 will result in a structural shift in…

Drillship Attrition – Lifetime revenue vs construction cost a different way to view potential retirements

5 drillships retired so far in 2020 – average age is under 10 years Lifetime…

Stalled Resources – how big an opportunity is it?

This oil and gas, potentially, worth more than $65 bn and costing an estimated $24bn…

Premier Oil – reverse takeover by Chrysaor

This note gives a preliminary assessment of the Premier Oil & Chrysaor deal, from each company’s perspective and the outlook for the…

Westwood Webinars – Westwood’s 3Q Macro Outlook

Video on demand for Westwood's October 2020 webinar on the Macro Outlook on crude supply/demand,…

Westwood appoints Head of Energy Transition

Westwood Global Energy Group has appointed David Linden to the newly-created role of Head of…

BP fleshes out what net zero in 2050 means for its upstream business

BP followed up the release of its Energy Outlook with a ‘BP Week’ of strategy…

Westwood Webinars – How has the UK and Norway E&P sector reacted to the oil price crash – 6 months on?

Emma Cruickshank, Alyson Harding, Dave Moseley, and Yvonne Telford review the UK and Norway E&P…

Westwood Webinars – World Oilfield Equipment Outlook

Mark Adeosun, Todd Bush, Ben Wilby and Jack Baxter provide an overview of the World…

Westwood Webinars – H1 Review: Key wells to watch

Jamie Collard, Helen Doran, Graeme Bagley and Ili Afifuddin review exploration activity and performance in…

Westwood Webinars – US Frac supply chain outlook

Todd Bush, Luke Smith and Jonathon Clark dive into the frac sand supply chain following the…

Westwood Webinars – EMEA – High Impact Exploration and Supply Chain Outlook

Arindam Das and Mark Adeosun dive into the regional (e.g. North Sea, Africa, Eastern Med.…

World Land Drilling Rig Market Forecast 2020-2024

The report covers the historic period of 2014-2019, wherein the land drilling rig market was…

Westwood Webinars – International Land Rigs – Market Update

Todd Bush and Katy Smith provide an update on the outlook for the international land…

Increased Frac Activity Visibility with Westwood’s SatScout

See an animation of the increased visibility of Frac Activity that is possible, when using…

Westwood Webinars – APAC Offshore Market Update

Michelle Gomez, Paul Ezekiel, and Thom Payne provide an update on the outlook for investment…

Westwood Webinars – Drilling & Well Services Outlook

Jack Baxter and Ben Wilby provide an overview of the Global Onshore Drilling & Well…

Westwood Webinars – Offshore Energy Services Market Update

Thom Payne and Mark Adeosun provide an update on Westwood's current outlook for offshore energy…

Westwood Webinars – Offshore Rig Market Update

Thom Payne, Terry Childs and Paul Ezekiel discuss the current state of play and what’s…

The oil market continues its cautious rally but more uncertainty lies ahead

The latest Westwood Insight from Thom Payne

Westwood Webinars – Offshore Mexico – a promise yet to be fully realised

In this session of Westwood's Summer Series, Westwood's Helen Duran and guest panelist Mark Shann,…

Westwood’s NW Europe Exploration Time-Lapse

See an animation of North Sea well completions for 2020-to-date, from our Atlas team.

Westwood Webinars – Westwood Macro Outlook Q2 2020

In this session of Westwood's Summer Series, Kieth Myers, Thom Payne, Arindam Das, Yvonne Telford…

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The Art of Adaptability

Adaptability is in our DNA – whether that’s flexing to client needs or understanding market circumstances – and it is what…

Westwood Webinars – North Sea Exploration Performance

In the first session of Westwood's Summer Series, Aly Harding and Dave Moseley speak to…

North Sea Exploration Performance

Sustaining production from existing infrastructure remains the key driver for North Sea exploration but five…

Westwood Webinars – Summer Series

If you would like to receive news and updates from Westwood Global Energy Group, including…

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…

Westwood Webinars – High Impact Appraisal Hits and Misses

In this webinar Westwood, Joe KIllen and Edwige Zanella will present the results of the…

The State of Exploration 2020

Westwood has published its annual review of global exploration activity and performance over the last…

Westwood Webinars – Onshore Insights: World Pipeline Outlook

During this presentation, Todd Bush, Jack Baxter and Katy Smith provide an overview of their…

Westwood’s Offshore Data Cycle

Watch a short video of a 66-day data cycle from the offshore team.

Westwood Webinars – The State of Exploration 2020

Jamie Collard and Westwood's Global E&A team present a review of The State of Exploration…

Global Land Rigs Weekly Newsletter

Westwood Webinars – Frac Sand and Horsepower Update

Who is still frac’ing and completing wells? Learn where frac sand demand and horsepower demand…

Podcast: James West and Terry Childs on offshore drilling fundamentals for 2020, April 2020

Evercore's latest Virtual Energy Industry Leaders Webinar sees James West - Senior Managing Director &…

Westwood Webinars – The Impact of DHIs on Exploration Success

Graeme Bagley presents presents the results of a study of over 500 wells drilled since…

Westwood Webinars – Offshore Insight: APAC Supply Chain

Westwood’s Singapore based offshore team review recent global activity and take a deeper dive into…

Westwood Webinars – Using satellite imagery for activity analysis

Stay ahead of regulatory reporting by using satellite imagery along with permits, rigs, frac crew,…

Westwood Webinars – Offshore Insight: North Sea

Our team of expert analysts will set the scene with a review of recent global…

Westwood Webinars – Clastic Stratigraphic Traps

Keith Myers and the Global E&A team review exploration performance and the key success factors…

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,…

Westwood Webinars – International Land Rigs

During this presentation, Todd Bush and Katy Smith, share analysis on the global macro environment…

Westwood Webinars – Searching for Super Basins

Jamie Collard shares analysis on frontier exploration performance over the past decade, focusing on its…

Westwood Webinars – Spring Series

Westwood launches a series of energy webinars, ranging from oil and gas exploration through to…

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…

Thom Payne on cuts, storage and short-term oil price

Russia and Saudi Arabia - is a cut coming?

The current challenges for the UK and Norway in the face of COVID-19

With Brent trading well below US$30/bbl the resilience of the oil & gas sector is…

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…

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…

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…

Improved exploration success rates for DHI supported wells

Geophysical Direct Hydrocarbon Indicators (DHIs) have long been the holy grail for explorers, providing a…

The Impact of DHIs on Exploration Performance

Westwood has investigated success rates for exploration wells which targeted the five direct hydrocarbon indicators (DHIs) most commonly reported by companies pre-drill.

Podcast: James West and Terry Childs on offshore drilling fundamentals for 2020, January

In the first podcast of 2020, James West - Senior Managing Director & Partner of…

Exploration in 2020 – The transition is yet to start

The Energy Transition and Extinction Rebellion may have led the energy news agenda and stimulated…

Drone attacks, OPEC production cuts and global energy demand weigh on Saudi Aramco IPO

Tough competition from US unconventionals and other non-OPEC production, recent drone attacks on vital Saudi…

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Westwood releases joint white paper with PPI

Unlock Cash and Drive Capital Efficiency with Operations Science in the Delaware Basin The time…

Outside mature plays, explorers need to find more than 200 mmboe for deepwater standalone oil developments

The minimum commercial field size (MCFS) for deepwater standalone oil developments since 2007 has been…

Argentina’s Vaca Muerta to provide the cornerstone for rising rig demand in Latin America, despite economic woes

Latin America has emerged as one of the focus regions for rig demand growth over…

Qatar Petroleum leads a new wave of NOC investment in international exploration

In the 2000’s national oil companies (NOCs) investing abroad were viewed as new competition to…

EV Private Equity invests in Enhanced Drilling

Westwood Global Energy Group is delighted to have advised EV Private Equity on its successful…

2019 high impact discoveries already exceed whole of 2018, but it’s back to gas

High-impact exploration drilling activity increased substantially in the first half of 2019 with 51 exploration wells completed,…

Westwood releases the US Frac Sand Outlook white paper

US Frac Sand Outlook – White Paper A new white paper from Westwood investigates demand…

Westwood Press Release Frac Sand White Paper

“Sunshine pumping” and market exuberance key contributors to over investment, according to a new white…

U.S. Gulf Drillship Market Picking Up Steam

The U.S. Gulf of Mexico drillship market is currently in quite an enviable position. Figure…

New entrant E&P companies are key to the future of the UKCS, but they need to step up investment in new production

A new study by Westwood Global Energy Group shows that new entrant E&P companies to…

DP World acquires Topaz Energy & Marine

Congratulations to DP World on their acquisition of Topaz. Westwood are proud to have been…

Are there really 4,000 DUC’s in the Permian? There might be less than you think.

How does Energent methodology compare to that of EIA? To many analysts and investors who…

The opportunity and threat posed by US shale water

The sourcing, handling, and disposal of water is an increasing issue in US tight oil…

Steve Robertson interviews Matt Adams on the latest RigLogix white paper

RigOutlook – A Quantitative Forecast for the Offshore Rig Market Head of Rigs & Wells,…

Did Keane and C&J jump start pressure pumping M&A?

C&J Energy Services and Keane Group announced a $1.8 billion all-stock merger on Monday morning.…

RigOutlook – A Quantitative Forecast for the Offshore Rig Market

Westwood's Matt Adams summarises the very latest advancements in rig analytical tools and activity forecasting.…

Success from high impact drilling badly needed to revive flagging exploration performance in Norway

Exploration performance in Norway has dropped significantly in the last five years, reflecting a deterioration…

Supermajor Oil Companies Lead the Way in High Impact Exploration

(Aberdeen, UK) Friday, 24th May 2019 – The largest oil companies are playing an increasingly…

Weld Overlay Joins The Party As Corrosion Resistant Pipe Under-Capacity Threatens Project Scheduling

It’s rare that businesses selling equipment to the oil & gas sector can benefit from…

Accelerating rig activity signals game-change as rig rates are on the up

PRESS RELEASE For immediate release According to fresh insights from newly enhanced intelligence platform, RigLogix…

Momentum Returns to Rig Markets – Are We About to See a Recovery in Dayrates?

Momentum Returning to Rig Market Utilization – Are Dayrates Far Behind? With the global offshore…

Maria project write off puts Norway appraisal practices in the spotlight

The Maria field in the Norwegian Sea came onstream a year ahead of schedule and…

Eagle Ford Water Disposal Due Diligence

Assignment / Client’s Problem Statement Assess commercial salt water disposal market to understand potential acquisition…

New well highlights from Permian, Williston, Eagle Ford, and Haynesville

Shell completes 2 mile lateral in Permian (2019-01-31) Shell reported the completion of a new…

RigLogix Roundup, April 18, 2019

In the last Roundup before Easter, Terry Childs delves deeper into cold stacked offshore drilling…

West African Rig Market: A Slow-Burn Recovery

The West African offshore rig market has been one of the hardest hit during the…

Floating Production: will the HHI/DSME mega-merger turn the tide and allow South Korea to claw back market share from China and Singapore?

The offshore market is set for a bumper year with 83 greenfield FIDs expected, totalling…