Jun 17 2019 | Westwood Insight
Westwood’s Matt Adams summarises the very latest advancements in rig analytical tools and activity forecasting. Read on to access the white paper. Today a new white paper has been released by Westwood Global Energy Group (WGEG) to mark the launch of a new interactive forecasting tool for the global offshore rig market, the result of […]
More »Jun 6 2019 | Westwood Insight
Exploration performance in Norway has dropped significantly in the last five years, reflecting a deterioration of quality of the prospect portfolio. Despite this, a dramatic increase in high impact drilling is planned for 2019 – results will be a key test of Norway’s ability to sustain exploration into the future. Westwood has looked back on […]
More »May 24 2019 | News & Insight
(Aberdeen, UK) Friday, 24th May 2019 – The largest oil companies are playing an increasingly important role in high impact exploration but performance was down in 2018, limited by a lack of depth in the quality of global drilling opportunities, according to experts at research consultancy, Westwood Global Energy Group. It’s 10th annual ‘State of […]
More »May 16 2019 | News & Insight
PRESS RELEASE For immediate release According to fresh insights from newly enhanced intelligence platform, RigLogix (Aberdeen, UK) Thursday, 16th May 2019 – New insights into the offshore global rig market from research consultancy, Westwood Global Energy Group, reveal an acceleration in rig activity over the last 12 months, driving up rig rates in some areas […]
More »May 13 2019 | Westwood Insight
Momentum Returning to Rig Market Utilization – Are Dayrates Far Behind? With the global offshore rig market starting to show signs of picking up, there has been a great deal written about the offshore rig recovery, and while rig owners in a few regions are enjoying high utilization and the dayrate benefits that go along […]
More »May 9 2019 | Westwood Insight
The Maria field in the Norwegian Sea came onstream a year ahead of schedule and ~$370m underbudget. The field has underperformed, triggering a 71% downward revision to the 207mmboe reserves at sanction, and 50% of the US$1.5 billion capital cost of the project being written off so far. Westwood benchmarking shows that Maria was under-appraised […]
More »May 8 2019 | Westwood Insight
Westwood has some exciting news for global offshore drilling rig intelligence… Following extensive client and industry consultations, data and interface developments and expansion of the offshore drilling rigs team at Westwood, we are delighted to announce the launch of a completely reimagined and rebuilt RigLogix platform
More »May 7 2019 | Westwood Insight
Exploration activity bounced back in 2018 but declining performance points to the limitations of the global exploration drilling opportunity set and the urgent need for its renewal in 2019 and beyond. This is the key finding of Westwood’s 10th annual ‘State of Exploration’ report which reviews global conventional exploration over the last five years and […]
More »Apr 18 2019 | Westwood Insight
In the last Roundup before Easter, Terry Childs delves deeper into cold stacked offshore drilling rigs and give his view on SPS (special periodic surveys) dates and how many rigs are likely to be retired.
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