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.
This is the twelfth edition of the State of Exploration report and it is published at a time which may come to be seen as a watershed moment in the global energy industry.
Exploration performance from farm-out wells is at a five-year high, with a 38% commercial success rate driven by improved performance in maturing/mature play wells across NW Europe.
