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 »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 »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 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 »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.
More »Apr 5 2019 | Westwood Insight
This week, Terry Childs speaks on the Asian jackup market, the global drillship fleet (1:31) and any changes in jackup backlogs (1:55)…
More »Apr 2 2019 | Westwood Insight
Consolidation and Rig ‘Recycling’ are at the Forefront of a Supply-Chain Response Commercial decision-making in offshore drilling companies is a tough challenge, involving not just ensuring safe, efficient, and continued operations in some incredibly challenging physical environments, but also taking a position on where the market may be in 3-4 years, a typical lead-time for […]
More »Mar 26 2019 | Westwood Insight
This week, Terry Childs speaks on the Asian jackup market, the global drillship fleet (1:31) and any changes in jackup backlogs (1:55)…
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