BP Alligin Oil Development - Comment From Westwood Global Energy Group
In response to today's announcement that BP has been granted approval for a North Sea development which it is hoped will produce 20 million barrels of oil, David Moseley, NW Europe Reports Manager at Westwood Global Energy Group ( https://www.westwoodenergy.com ) said: “The Alligin field, which h ...Permian Pipeline Constraint Stalls Growth, Deferring US$1.4 Billion in Completion Spend
(Houston, USA) – Tuesday, 28 th August 2018 – The world's most important oil growth region – the Permian Basin – will experience a setback with 345 completions likely to be deferred by the end of 2019 due to pipeline takeaway capacity constraints, according to a new US Drilling & Completion re ...Permian Basin - Major Savings anticipated from changing frac sand supply chain
Dramatic Changes To the Supply of Frac Sand Will Lead to Huge Well Savings in the Permian Basin Energent , part of Westwood Global Energy Group , predicts a seismic shift in the supply of frac sand to the Permian Basin, Texas, this year. Its new report says that operators will tur ...Westwood Highlights Exploration Hits & Misses of 2017
A new report from Westwood Global Energy Group shows better oil and gas exploration performance in 2017 than 2016 with discovered volumes, success rates and finding costs all improving. High impact oil & gas exploration remains challenged, however, with activity levels ...
· A new report from Westwood Global Energy Group and its partner, JSI Services, shows a significant slow-down in companies buying into exploration wells through farm-ins. · With lower costs, farm-ins now look like a more attractive way to boost reserves for those expecting a recover ...OPEC Must Extend Production Cuts to Balance Market
The medium-term future of the oil & gas industry rests with OPEC's impending decision to potentially extend production restrictions beyond the end of March 2018. Westwood predicts a nine-month extension would lead to a supply-demand equilibrium in 2018, avoiding a return to a significant supply glu ...Positive Signs for OFS Sector as US Onshore Market Set to Grow
· A new market forecast launched today by Westwood Global Energy Group sets out a positive outlook for the US Drilling & Completions Market between 2018-2022, based on a number of oil price scenarios. - Expenditure on completions is out-pacing rig expenditure growth as wells become longer a ...US Drilling & Completion Report
Westwood Global Energy Group (Westwood) has now added a basin-by-basin outlook for the US onshore market to its report coverage, harnessing Energent Group's multi-million well database and extensive OFS insight. The US market looks set to see some of the strongest global growth rates through to 202 ...Westwood Global Energy Group Predicts Further Growth in Gas for Asia-Pacific Region
· The latest data for global exploration shows some signs of recovery after the lows of recent years, with discovered commercial resources for 1H 2017 being twice that for the same period in 2016. · Whilst drilling is down in Asia-Pacific for the first half of 2017, commercial succ ...Senior Research Hire for Westwood Global Energy Group
(Aberdeen, UK) – 25 May 2017 – Westwood Global Energy Group (WGEG), the energy market research consultancy, has made a senior strategic hire, bringing on board Emma Cruickshank as Head of Research, Northwest Europe. Emma spent over 10 years at commercial intelligence providers, Wood Mackenzie, most ...Westwood Global Energy Group Predicts Brighter Outlook for Global Oil & Gas Exploration
Westwood Global Energy Group (WGEG)'s annual State of Exploration report analyses the last five years of conventional oil & gas exploration and forecasts exploration drilling plans for 2017 The analysis confirms that 2016 saw a nine-year low in oil & gas exploration in both wells drilled and di ...
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