Victoria Roe

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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 5 months 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 6 months 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 7 months 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 8 months 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 9 months agoPress > land rigsDrilling2017 Oil industry Predictions
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