Petrogas’ Baker well may be ‘temporarily suspended’ as availability window closes
Well Slot is a monthly feature where Westwood’s Stephen Coomber looks at drilling activity and rig moves in UK and Norwegian waters.
Westwood
Transitioning offshore energy supply chain – Where are we now and what’s next?
Westwood's senior analyst for offshore wind, Bahzad Ayoub, discusses how the energy supply chain is adapting to offshore wind.
Shell Selene well ‘sidetracked’ just after 2024 UK drilling activity started
Well Slot is a monthly feature where Westwood’s Stephen Coomber looks at drilling activity and rig moves in UK and Norwegian waters.
Wheels spinning on UK drilling as Norway races ahead
Well Slot is a monthly feature where Westwood’s Stephen Coomber looks at drilling activity and rig moves in UK and Norwegian waters.
Well Slot: UK backloads 2024 with drilling activity
Well Slot is a monthly feature where Westwood’s Stephen Coomber looks at drilling activity and rig moves in UK and Norwegian waters.
Ithaca to become UK reserves powerhouse with Eni deal – analysis
The potential Ithaca Energy (LON: ITH) combination with Eni’s UK assets stands to bring the firm's reserves above that of Harbour Energy, according to analysis.
Still no exploration wells in UK as Norway forges ahead
As the UK continues to wait for its next exploration well there are three active in Norway, Westwood reports.
No UK well programmes have spudded in 2024 to date
Well Slot: NEO has completed the Leverett appraisal well as UK waits until June for next E&A well to spud.
UK hydrogen sector set for “critical” year in 2024
Significant progress was made in establishing a competitive hydrogen sector in 2023, but industry leaders say "it all hinges" on decisions made in 2024.
What will be the last platform in UK waters?
It’s no secret that the UK has a declining basin and as the country transitions to net zero, oil and gas platforms will cease production and later be decommissioned. However, which asset will be the last one standing?
Justifying new North Sea licences ‘very simple’, hears Aberdeen event
A Westwood event in Aberdeen heard that the justification for new North Sea licences against a backdrop of energy transition is “very simple”.
CAPEX for offshore wind developers could go up by $280bn due to inflation
A survey conducted by Westwood Global Energy Group has found that inflation could cost offshore wind developers $280 billion over the next decade.
Westwood highlights challenges of North Sea electrification
Only two of the nine zones up for grabs in the targeted oil and gas category of the INTOG leasing round had successful applications.
Westwood: Offshore wind has potential to grow 2.5 times
Westwood, the energy market research and consultancy firm, has found that the global offshore wind market has the potential to grow 2.5 times, with 135 GW of new capacity on offer to developers.
Southeast Asia market for drilling rigs lukewarm despite lofty oil prices
Global and regional upstream activities, including in Southeast Asia, are rising, as more exploration and development projects are evaluated and approved. Yet, the drilling rig market in the region is not as exciting as it should be, especially with global oil prices ranging between $100 and $120 per barrel in recent months.
Equinor’s Tiger Lily well up next in central North Sea
Westwood Global Energy reports that as of July 1 there was one exploration and appraisal well active in the UK.
Oil price downturn could be prolonged, Westwood Global says
Oil prices plunged to an 18-year low yesterday as hopes of a production pact between Saudi and Russia faded
Total ‘the company to watch’ in 2019, says Westwood
Total will lead the way with exploration drilling this year, according to analysis from Westwood Global.
Westwood acquires offshore data services platform RigLogix
Aberdeen-headquartered Westwood Global Energy Group has acquired a US premium offshore data service for an undisclosed fee.
North Sea to shift to gas in 2018, predicts Westwood
Market research company Westwood predicts a shift to gas as performance continues to grow within the UK North Sea.
Offshore copter market to recover over next four years, report says
Energy consultancy Westwood Global has predicted a recovery in the offshore helicopter market after three rough years.
Insights: cost cutting slows, according to Westwood
The pace of cost cutting in the mid-cap market is continuing to slow, according to analysis by Westwood Global.
No better time to seek opportunities in offshore wind, Andrew Reid says
As I travel to All-Energy this year, my expectations are high. I expect there to be a real buzz around the event, especially the sessions in relation to offshore wind. This is a sector which is on the cusp of material growth.
Opinion: Riding the waves after OPEC
We all need to remember, but often choose to forget, that the oil & gas exploration and production is a highly cyclical business. There have been seven significant price cycles since 1970 and also a few minor ones between times, so yet another should come as no surprise. The real surprise is that no one ever seems to build the probability into their business planning! The reasons for the fall in Brent crude prices from $115 in June to below $71 following November’s OPEC meeting are well documented, as is the realisation that Saudi Arabia is now defending market share, rather than a minimum price.