Global offshore rig utilisation to average 95% this year, says Westwood
Activity in the North Sea is a “bit questionable” though given the current windfall tax, which has prompted some operators to send rigs elsewhere.
Westwood Global Energy Group
New auctions, new vessels, new entrants – Westwood shares 2023 offshore wind themes
Research firm Westwood Global Energy Group has delivered its forecasts for the offshore wind market in the coming year.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Norway well-slot: Lupa discovery for Var Energi
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the Barents Sea, one in the Norwegian Sea, and one in the North Sea. One exploration well is suspended.
Well-Slot: TotalEnergies’ Alwyn East on the way
As of 19 December, Westwood Global Energy reports that there are three exploration wells active, with one in the NNS, one in the CNS and one in the SNS. One appraisal well is currently active in the CNS. Since the previous report, one well has completed at Rockhopper.
Your 2023 North Sea forecast: Cambo, Rosebank to drive spend to 20 year high, but it’s ‘now or never’
When this edition of the Energy Voice supplement was published a year ago, the North Sea oil and gas industry was in the doldrums.
UK well slot: Shell gets ready to Rockhopper
As of 25 November, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS, one in the NNS and one in the SNS. One appraisal well is currently active in the CNS. Since the previous report, one well has completed at Rockhopper.
Norway well slot: Drilling hits for Equinor, OMV and Neptune
As of 25 November, Westwood Global Energy reports that there are three exploration wells active, with two in the Norwegian Sea and one in the Barents Sea. Since the previous report, one exploration well program has completed at Oswig, and one exploration well has spudded at Countach.
The Magnificent Seven: North Sea project paperwork still awaiting govt sign off
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
Westwood Global appoints new hydrogen boss from WoodMac
Energy research and consultancy firm Westwood Global Energy Group has appointed a new director of hydrogen.
‘Basically impossible’ for UK to get a heavy lift business
The UK will spend billions removing oil and gas assets over the next decade, and billions more installing offshore windfarms – so why doesn’t it have a heavy lift business to capitalise on it?
North Sea faces rig market risk as vessels leave for better prospects
Rigs are leaving the North Sea for better prospects elsewhere, leaving a risk to availability as oil and gas projects are expected to ramp up in 2024.
Drilling underway at hotly anticipated Shell, Deltic gas prospect
Drilling operations have begun at an eagerly awaited gas prospect that could open up part of the Southern North Sea.
‘Very exciting times’: Crucial Shell and Deltic exploration well ‘imminent’
A key exploration well from Shell (LON: SHEL) and Deltic (LON: DELT), which could open up a dozen other licences in the Southern North Sea, is “imminent”.
Westwood – low-emissions drilling rigs fetching ‘premium dayrates’
Low-emissions drilling rigs are commanding “premium dayrates” as contractors seek to slash their operational footprint.
Over 8bn barrels of oil and gas reserves located within 30 miles of North Sea assets, OEUK report finds
Billions of barrels of oil and gas reserves, located near to existing North Sea infrastructure, could hold the key to enhancing UK energy security.
UK well-slot: Could Orlov be a hero for Shell?
As of 27 October, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. One appraisal well is currently active in the CNS. One well completed at Serenity.
Well-Slot: Trio of active exploration wells in the UK
As of 26 September, Westwood Global Energy reports that there are three exploration wells active, with one in the CNS and two in the NNS. Two appraisal wells are currently active in the CNS. One well completed at Diadem.
Current pipeline of UK blue hydrogen projects expected to top 2030 targets
New analysis from Westwood Global has shone a light on the rapid expansion of blue hydrogen on both sides of the North Sea.
UK well slot – Serica and Shell get spudding
As of 24 August, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS. One well completed at Edinburgh.
The FPSO is away, but will the BP Foinaven field be redeveloped?
A permanent feature of the West of Shetland for many years, the Foinaven vessel recently left the namesake BP field for the last time.
Shell North Sea gas prospect dubbed a ‘key’ well to watch by Westwood
A Shell (LON:SHEL) exploration target in the North Sea has been named among Westwood Global Energy Group’s ‘key wells to watch’ for the rest of 2022.
UK well slot: Orlov awaits after Edinburgh dud
As of 25 July, Westwood Global Energy reports that there are three exploration wells active, with two in the CNS and one in the NNS.
Subsea tree awards plummet as inflationary pressures prompt project postponements
Global energy project delays, stemming from tight supply chains, delivered a big blow to subsea tree awards in the first half of the year.
UK well slot – drilling poised to return to southern North Sea
As of 23 June, Westwood Global Energy reports that there is one exploration well active in the CNS. One appraisal well in the NNS was completed as an oil producer well since the last report.