Dec 6 2018 | Westwood Insight
In 2018 Westwood was commissioned by the Norwegian Petroleum Directorate (NPD) to review advances in exploration technology and geoscience since 1990 and the impact on exploration on the Norwegian Continental Shelf (NCS). The report reviewed 11 technology themes including Risk and Uncertainty Analysis and Ways of Working as well as Quantitative Seismic Analysis and Electromagnetic […]
More »Nov 13 2018 | Westwood Insight
After four plus years of low rig utilization and day rates, company layoffs, operator spending declines, just to name a few, it appears that the offshore rig market may finally be able to at least see the light at the end of the tunnel. Although the recovery that is often reported within the industry is […]
More »Nov 13 2018 | Westwood Insight
In this Westwood Insight special, Westwood’s Steve Robertson speaks to Roberto Garavaglia, Senior Vice President at Leonardo to get a manufacturer’s view on the current offshore helicopter market. Roberto is responsible for Competitive Analysis & Strategy at Leonardo. The Helicopter Market – A Manufacturer’s Perspective There are many stakeholders in the offshore helicopters business, the owners, operators, and of course […]
More »Oct 17 2018 | Westwood Insight
Walking through sunny Amsterdam streets carpeted with golden autumn leaves and into a vast hall full of smiles and perfectly-polished multi-million dollar machines, you could be forgiven for thinking nothing was amiss in the offshore helicopter world. Indeed, the latest data from Westwood, presented for the first time at the Helitech 2018 show, provides some […]
More »Oct 10 2018 | Westwood Insight
Westwood has looked back on the last ten years of exploration drilling in the UK and examines future prospects for the offshore sector in its latest report, UK Offshore Exploration Performance 2008-2017. Between 2008 and 2017, 199 UKCS exploration wells were drilled by 117 companies targeting 26 plays. 1.5 bnboe of commercial resources were discovered […]
More »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 »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 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 »