An estimated 467MW of floating wind capacity is anticipated to be operational by 2026 in Mainland (ML.) China with the first turbine commissioned in 2021. ML. China currently ranks fifth globally in terms of installed capacity and this could speed up…
Rig activity in the Asia Pacific (APAC) region, which comprises Southeast Asia and Australia, has become much busier in 2022. In Southeast Asia, however, all that activity is not completely due to increasing rig demand from operators.
Onshore pipeline installations have dropped dramatically in recent years, with the industry badly impacted by public opposition, political decisions and depressed oil and gas (O&G) prices.
Oil and gas exploration in 2021 was remarkably resilient despite the COVID-19 pandemic and accelerating energy transition. The high impact well count was maintained year on year, but performance dropped significantly both in terms of discovered resources and success rates.
Since the oil and gas downturn of 2014 there has been significant pressure on drilling service costs, including land rig day rates.
One of the most significant costs on any onshore oilfield is the cost of hiring a rig to drill the well.
The Global Offshore Rig Market Report offers an in-depth look into the jackup, semisubmersible (semi) and drillship sectors across the globe every quarter.
Westwood’s detailed Global Floating Production Systems Market Report, covering major upcoming EPC contracts and market outlook, plus a regional view of activity, expenditure outlook and key macro indicators.
Westwood’s detailed Global Subsea Equipment Market Report, covering all the major subsea equipment lines by activity, expenditure outlook and key macro indicators.
In the latest release of the Global Offshore Wind Market Forecast, covering July – September, our analysis revealed that global installed capacity totalled 37.9 GW at the end of 3Q 2021, with Mainland China and UK accounting for 31% and 27% of total market share respectively.
In the newest quarterly release of the World Offshore Wind Market Forecast, analysis showed that mainland China overtook the UK in 2Q 2021 to become the world’s largest offshore wind market
In this tenth edition of the ‘World Land Drilling Rig Market Forecast’ report, Westwood assesses the current landscape of the industry following such a catastrophic downturn and provides on the outlook future onshore rig demand.
