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 »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 […]
More »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 […]
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