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)…
More »Mar 22 2019 | Westwood Insight
Oil & Gas UK published its annual Business Outlook review and presented its findings in both London and Aberdeen on 20 March. Westwood’s Technical Manager, Alyson Harding, comments. One of the key messages was that £200 billion needs to be spent to achieve “Vision 2035” of at least 1 million boepd production in 2035 […]
More »Mar 20 2019 | Westwood Insight
Since the start of 2008, 153 exploration wells have been drilled in the SE Asia exploration hot spot of NW Borneo. 3.5bnboe has been discovered in 37 commercial discoveries, 94% of which is gas. Westwood has analysed exploration performance in both the Sarawak and Sabah basins and reviewed the potential for new frontier plays that are needed to replace reserves and maintain current levels of production.
More »Mar 18 2019 | Westwood Insight
In our new and regular video updates, Head of RigLogix, Terry Childs comments on some of the recent offshore rig activity including; oversupply, regions to watch, rig attrition, utilisation and day rates.
More »Mar 3 2019 | Westwood Insight
Westwood’s Offshore Drilling Rigs Senior Analyst, Teresa Wilkie on what to expect from a changing Northwest Europe market following a change in the demand supply balance.
More »Feb 25 2019 | Westwood Insight
2018 ended with a surge of subsea tree awards as E&P Operators locked in lower supply-chain cost, resulting in the highest annual intake since 2013. Thom Payne discusses transition in the subsea industry, from a high value contract backlog to a more competitively priced contracts awards.
More »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 […]
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