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Westwood Energy Group


Access independent research, proprietary databases and analytical tools to inform decision making and for competitive advantage

At Westwood, we deliver essential industry research that is insightful, reliable, credible, relevant, and independent. Our research spans the global oil and gas exploration and production sector, and the supply chain, plus the offshore wind sector and is backed by a 20-year track record.

  • Access our research through a range of subscription services, publications, reports and analytical tools.
  • Be assured that you are using the best business intelligence in the market.
  • Benefit from proprietary databases, updated regularly to ensure relevance and reliability.
  • Interact with our expert analysts to discuss key trends and developments in their specialist fields.
Meet the team

Our research areas


Global Exploration and Appraisal


Northwest Europe Exploration and Production


Global Oilfield Services


North America and Unconventionals


Ten Lessons from a
Decade of Exploration

International conventional exploration over the last decade has been a rollercoaster ride.

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Ten Lessons from a
Decade of Exploration

International conventional exploration over the last decade has been a rollercoaster ride.

Read more



  • Delivering commercial and technical consulting services for the global energy sector.


  • A world of insight and expertise at your fingertips.
  • World Drilling and Production Market Forecast 2019-2025 Q3

    Based on detailed models, the report examines each country in turn and includes a summary of hydrocarbon potential and sensitised production outlook, with associated development drilling requirements segmented into oil & gas for the onshore sector and shallow vs. deep water depths for the offshore sector. Country-by-country exploration and appraisal (E&A) drilling forecasts for both the onshore and offshore sectors are also detailed.

  • World Land Drilling Rig Market Forecast 2019-2023

    Westwood’s World Land Drilling Rig Market Forecast contains detailed country and regional analysis of the market, including onshore wells drilled, operational rigs, rigs drilling by HP category and rig utilisation.

  • World Drilling & Well Services Market Forecast 2019-2023 Q2

    The first half of 2019 has seen continued improvements in drilling activity, driven by an oil price that has remained above $60 (Brent) a barrel since February.

  • US Drilling & Completion Outlook Q2 2019

    Examining eight key US unconventional basins’ drilling and completion trends, and other key industry benchmarks such as average lateral length, proppant per completion, permit to completion cycle time analysis, drilled-but-uncompleted (DUC) counts, multi-well pad drilling trends and total footage drilled by basin, the US Drilling and Completion Outlook Q2 2019 report helps companies gain a clear macro perspective on a national as well as a regional level.  The forecast includes up to 2023 on a quarterly basis.

  • Norway Exploration Performance Report 2014-2018

    Exploration performance in Norway has dropped significantly in the last five years, reflecting a deterioration of quality of the prospect portfolio. Despite this, a dramatic increase in high impact drilling is planned for 2019 – results will be a key test of Norway’s ability to sustain exploration into the future. Westwood has looked back on […]

  • World Oilfield Equipment Market Forecast 2019-2023 Q1

    Various international markets are expanding, with notable activity anticipated in Argentina, China and Saudi Arabia, all set for higher investment. This in turn means a boost for global OFE expenditure, whilst North America continues to be the largest market in the OFE forecast.

  • The Future of Corrosion Resistant Alloys Report (May 2019)

    In partnership with Fastmarkets, Westwood’s latest update of The Future of Corrosion Resistant Alloys (CRA) Service has been released at a time of elevated tendering activity within the sector, despite continued uncertainty in the broader oil markets. A strong backlog of potential projects, investment in new manufacturing capacity and renewed pricing pressure in key grades factor into the evolution of the industry against a backdrop of increased demand, both for CRA OCTG and CRA line pipe.

  • The State of Exploration 2019

    Exploration activity bounced back in 2018 but declining performance points to the limitations of the global exploration drilling opportunity set and the urgent need for its renewal in 2019 and beyond.

  • US Horsepower Outlook Q1 2019

    The US Horsepower Outlook is an essential overview pertaining to market outlook in seven key basins regarding HHP supply and market forecast and the seasonal and weather impacts in the pressure pumping market post 2018. The report includes a databook of quarterly horsepower supply, horsepower demand, and frac crews across shale plays.