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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.
NW Europe Offshore Rig Market: 2019 Utilisation and Pricing Analytical Report
The report provides a market background, an overview of 2019 uncontracted rig demand and rig availability, as well as rig supply/demand balance forecasts for both the jackup and floating rig fleets. The report also considers the potential for rigs to enter the market either through relocation from other regions or reactivation of cold-stacked units.
World Drilling & Well Services Market Forecast 2019-2023 Q1
Continued recovery in the DWS activity is expected over the next five years, despite oil price continuing to struggle at the end of 2018 and early 2019.