Feb 18 2019 | Westwood Insight
Westwood’s Todd Bush, Head of US Unconventionals (Energent) looks at supply, pricing and demand limitations on this critical element of the US supply chain. In less than three years, the frac sand market erupted with in-basin frac sand in each shale play. Gone are the days of Northern White Sand (“NWS”) versus Brady Brown. Today, […]
More »Feb 11 2019 | Westwood Insight
In the first few weeks of 2019 there have been four high impact discoveries of conventional oil and gas, finding 25% of the high impact volume discovered globally in the whole of 2018. One of these discoveries, Glengorm in the UK North Sea, is reported to be the biggest there since 2008. The second and […]
More »Feb 4 2019 | Westwood Insight
The Glengorm gas condensate discovery announced last week could be the biggest in the UKCS since 2008. It will reignite interest in the high temperature, high pressure plays in the North Sea and heralds a mini renaissance in UK exploration. The Chinese national oil company CNOOC (formerly Nexen CNOOC) with 50% equity and Joint Venture […]
More »Jan 31 2019 | Westwood Insight
The US Unconventional industry continues to see increasing completion intensity per well. This is driving spectacular production growth but there are hints that industry is reaching the technical limits of what is possible. The latest Energent analysis casts some light on recent trends and the outlook for 2019. Oil prices appear to have stabilized […]
More »Jan 30 2019 | Westwood Insight
Introduction – Why Survey the S-92 Fleet? Recent months have been a busy time for the offshore helicopter sector as the financial distress of helicopter owners and operators has weighed heavy on the minds of those in the business and kept industry commentators particularly busy. Autumn is also a hectic period for conferences, and amongst […]
More »(Aberdeen, UK) – Wednesday, 30th January 2019 – Despite the oil industry downturn, recent utilisation figures for the S-92 offshore fleet are currently at 77%, according to a fleet survey released today by Westwood Global Energy Group (Westwood).1 This is in contrast to the Large Helicopter segment which has an overall utilisation rate of just […]
More »Jan 29 2019 | News & Insight Press
The CNOOC operated Glengorm gas condensate discovery announced today (Tuesday, 29th January 2019) is the biggest in the UKCS since 2008, reported by partner Total to be 250 mmboe of recoverable resources. The discovery is significant for the UKCS and will reignite interest in the HPHT play. Alyson Harding, Technical Manager for North West Europe […]
More »Jan 28 2019 | Westwood Insight
The Year That Wasn’t – Will 2019 be the Year That Was? In the past year, there were many observations that the offshore rig market had “turned the corner”, and while Westwood highlighted a few areas of improvement, they were mostly isolated, and Westwood simply did not share that opinion. However, now that 2018 is […]
More »Jan 24 2019 | Westwood Insight
Macro uncertainty means short term oil price volatility in the $50-80 per barrel range The oil price recovery that began in early 2016, and which gathered momentum in the second and third quarters in 2018, faltered in the fourth quarter with prices regressing back towards the long-term average of $56/bbl. Oil and gas demand has […]
More »Dec 11 2018 | Westwood Insight
Westwood has analysed recent farm-in activity in the UK and Norway and reviewed how the resultant exploration drilling has performed compared to those wells which were not farmed-out. A detailed review of this analysis will be presented at the PROSPEX conference in London on Wednesday 12 December. Please visit us at Stand 36 to find […]
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