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Government and Regulators Need To Be “More Realistic” About UK Oil & Gas Potential – Westwood

(Aberdeen, UK) – Tuesday, 9 th October 2018 – Governments and regulators need to be more realistic about expectations for UK oil & gas exploration, say experts at research company, Westwood Global Energy Group (Westwood). Westwood has published a new 10-year analysis of the UK's Off ...

Victoria Roe


Posted 1 year agoPress > North SeaUKCSUnited Kingdom +1

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 ...

Victoria Roe


Posted 1 year agoPress > Permian BasinPipelineswestwood global energy group +1

Westwood Insight: Northwest Europe Exploration Drilling – 2017 Results and 2018 Outlook

8th January 2018 A ten year low in oil discoveries in Norway in 2017 doesn't deter an expected increase in drilling in 2018, whilst performance continues to improve in the UK with the focus switching to gas for 2018. In 2017, there was a shift towards high impact exploration drilling in both the U ...

Victoria Roe


Posted 1 year agoOpinion > Northwest Europe2018 Drilling PredictionsNorway +1

Recovery and New Opportunities for Offshore Helicopter Market

·         A new five-year forecast released today by Westwood Global Energy Group predicts a recovery in the offshore helicopter market after three years of decline. ·         It expects offshore oil & gas helicopter expenditure to total $16bn over 2018-2022, growing at a one per cent CAGR over the ...

Victoria Roe


Posted 1 year agoPress > offshore oil and gasHelicopters

Farm-Out Market Yet to Recover, But Low Costs Mean Attractive Opportunities Exist for Exploration Companies

·         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 ...

Victoria Roe


Posted 1 year agoPress > farmoutsfarminswestwood global energy group +2

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 ...

Victoria Roe


Posted 2 years agoPress > ShaleUS onshorenon conventional +3

Westwood Global Energy Group sees Global Recovery in Land Drilling, Makes Global Land Rigs Data Available for First Time

- The first half of 2017 shows the start of a recovery in the global land drilling market, according to figures from Westwood Global Energy Group (Westwood) - It predicts that the global number of rigs drilling will increase at a seven per cent compound annual growth rate (CAGR), over the period to ...

Victoria Roe


Posted 2 years agoPress > land rigsDrilling2017 Oil industry Predictions

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 ...

Victoria Roe


Posted 2 years agoPress > Northwest EuropeEmma Cruickshankwestwood global energy group +1

Westwood Global Energy Group Predicts OFS Markets Recovery

- Latest data from Westwood Global Energy Group (WGEG) predicts recovery in some Oil Field Services (OFS) markets, whilst others will remain sluggish - Recovery expected in onshore drilling and the Maintenance, Modifications and Operations (MMO) market - Oilfield equipment will continue to see cha ...

Victoria Roe


Posted 2 years agoPress > Oil Field Services2017 Oil industry Predictions

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 ...

Victoria Roe


Posted 2 years agoPress > exploration2017 Oil industry Predictionswestwood global energy group

ESIA re-launches as Westwood Global Energy Group in bid to take significant share of energy research market

Westwood Global Energy Group combines the complementary expertise of influential research and consulting firms, Hannon Westwood, Richmond Energy Partners, Douglas Westwood, Novas Consulting and JSI Services. They will be re-organised into two new divisions – Westwood Research and Westwood Con ...

Victoria Roe


Posted 2 years agoPress > Oil & GasOilfield ServicesWildcat