Aug 12 2019 | Westwood Insight
High-impact exploration drilling activity increased substantially in the first half of 2019 with 51 exploration wells completed, compared to 36 in the same period in 2018. It’s back to gas though, with gas discoveries up and oil down on 2018. The commercial success rate has also improved significantly, running at 37% so far compared to ~27% recorded in 2017 and 2018. 16 […]
More »“Sunshine pumping” and market exuberance key contributors to over investment, according to a new white paper from Westwood Global Energy Group released this week (Houston, USA) Monday, 5th August 2019 – Research consultancy, Westwood Global Energy Group, has today launched its latest US Frac Sand White Paper1 outlining the current state of the proppants2 market […]
More »US Frac Sand Outlook – White Paper A new white paper from Westwood investigates demand for proppant, total frac sand supply, and last mile trucking costs. The paper is intended to give you Westwood’s view and methodology, and key points from the paper include: Previous frac sand demand numbers from industry analysts contributed to over […]
More »Jul 22 2019 | Westwood Insight
The U.S. Gulf of Mexico drillship market is currently in quite an enviable position. Figure 1 shows that as of mid-July, marketed utilization of the 25-rig fleet stood at 96%, with 24 units either working or committed to begin contracts in the next few months. And, with it rumored that the lone stacked unit may […]
More »Jul 15 2019 | Westwood Insight | Research
A new study by Westwood Global Energy Group shows that new entrant E&P companies to the UKCS since 2008 now control 46% of production, 39% of reserves and 64% of potentially commercial volumes yet to be developed. New entrants are producing over 300 million barrels of oil equivalent per year but their appetite for buying […]
More »Jul 8 2019 | Westwood Insight | Consultancy
Congratulations to DP World on their acquisition of Topaz. Westwood are proud to have been part of this transaction process. For offshore marine related corporate strategy and transaction support advice, contact; Arindam Das – adas@westwoodenergy.com – (London) or Thom Payne – tpayne@westwoodenergy.com (Singapore).
More »Jun 24 2019 | Westwood Insight
The sourcing, handling, and disposal of water is an increasing issue in US tight oil and gas operations and represents both a threat to operators and an opportunity for the supply chain. Both well count and completion intensity have grown in recent years and rising pressure from environmental regulations – e.g. federal Clean Water Act, […]
More »Jun 19 2019 | Westwood Insight
RigOutlook – A Quantitative Forecast for the Offshore Rig Market Head of Rigs & Wells, Steve Robertson, speaks to Senior Analyst, Matt Adams, on the recently published white paper; RigOutlook – A Quantitative Forecast for the Offshore Rig Market. In this 13 minute interview, Steve and Matt discuss the key messages from the paper, including […]
More »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 […]
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