Sep 19 2018 | Westwood Insight
Today, the FLNG industry is moving into a ‘second wave’ of developments, with the market opening to a greater number of participants.
More »Occupying the western half of Texas and the south eastern corner of New Mexico, the Permian Basin is speculated to be the largest oil patch in the world. In total, the Permian Basin includes 56 counties in Texas and New Mexico, and stretches approximately 250 miles wide and 300 miles long. Permian Basin stratigraphy is […]
More »Sep 5 2018 | Westwood Insight
On August 30th Exxon announced the ninth discovery offshore Guyana at the Hammerhead-1 well, adding to the resource base of 4 billion barrels of oil equivalent found since the Liza discovery in 2015. Liza is expected to be onstream in 2020 and there was already the potential for Guyana to reach 750 thousand barrels a […]
More »Aug 29 2018 | Westwood Insight
A new Westwood report reviews exploration potential across both the US and Mexican sides of the deep water Gulf of Mexico.
More »Aug 28 2018 | News & Insight
PRESS RELEASE For immediate release (Houston, USA) – Tuesday, 28th August 2018 – The world’s most important oil growth region – the Permian Basin – will experience a setback with 345 completions likely to be deferred by the end of 2019 due to pipeline takeaway capacity constraints, according to a new US Drilling & […]
More »Aug 23 2018 | Westwood Insight
The onshore land rig market is now just over two years into the current cycle. North American activity continues to grab the headlines but elsewhere there is plenty of notable market development.
More »Aug 13 2018 | Westwood Insight
The US Gulf of Mexico (GOM) jackup market has quietly become one of the best in the world. Utilization of the 12-rig marketed fleet is 100% and contract backlog is increasing. Finally, day rates have risen, with anecdotal evidence suggesting that further increases for some segments of the fleet are not far off.
More »Jul 23 2018 | Westwood Insight
It is a well-known fact that modern high-specification (high-spec) or ‘heavy-duty’ jackups are the future of the Northwest Europe shallow-water drilling market, but for the first time the supply of such units has surpassed that of its traditional 1980s-built standard jackup counterparts. Furthermore, utilisation and day rates, as well as the volume of future demand for high-spec units is now also surpassing that of standard units.
More »Jul 16 2018 | Westwood Insight
Global conventional exploration farm-in/farm-out activity has reduced by around two thirds from 2012 to 2017, in line with the reduction in overall drilling activity. As activity levels have fallen, so have deal terms and costs. The average level of promote (i.e. the proportion above their equity interest that companies are willing to pay to access […]
More »Jul 10 2018 | News & Insight
PRESS RELEASE For immediate release London, United Kingdom – 10 July 2018 – Metal Bulletin, the definitive source of trusted and transparent commodities data for the metal and mining markets, in collaboration with Westwood Global Energy Group (Westwood), the leading provider of research, data analytics, and consulting services to the global energy industry, has […]
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