Westwood Global Energy Group
About
Westwood Global Energy Group is a provider of information, subscription services and research-led consultancy for the global energy industry. The firm focuses on intelligence and insight for worldwide exploration and oilfield services markets to help its clients make informed commercial and strategic decisions through a combination of proprietary data, insight and knowledge. Westwood's analysis is independent, quality assured and based on sector expertise throughout its organization.
Editor's note: Updated Jan. 13, 2020.
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United Kingdom
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Westwood Expands Into US Shale Market With Acquisition Of Energent
Westwood Expands Into US Shale Market With Acquisition Of Energent
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News
As Rig Count Slips, Oil Production Keeps Growing
Despite the offshore rig market showing signs of demand slippage, oil production looks to be on the rise for the foreseeable future, Westwood analysts say.
The EPC Market Keeps Its Head Above Water
While offshore investments are rising, particularly in deepwater fields, challenges persist due to project delays and inflation, according to Westwood analysis.
E&P Highlights: June 10, 2024
Here’s a roundup of the latest E&P headlines, including a decline in global drilling activity and new contract awards.
After Challenging Year, Which Way Will Offshore Wind Blow?
Following a year of negative headlines with some of the industry’s biggest players booking billion-dollar impairments and backing out of wind projects, this year appears to be going smoother.
Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs
Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.
Report: Nigeria Production to Ramp up through 2030
Westwood Global Energy projects Nigeria’s oil and gas sector will liven up with 140 new wells drilled year-on-year to 2030.
![] Equipment Refresh, Retirement Suggest Tight Frac Market](/sites/default/files/styles/image_480x320_3_2/public/image/2023/07/hydraulic-fracturing-equipment.jpg?itok=LsqbsSXl)
Frac Markets to Tighten? E&Ps Spur OFS Upgrades, Higher Prices
Demands by E&Ps for more efficient pressure pumping and a coinciding retirement of hydraulic horsepower has set the stage for a rise in oilfield service pricing.
FPS Activity Remains Strong Despite Obstacles
Floating production systems remain in demand, despite concerns about keeping up with demand, financial pressures and reservations that activity could drop off over the long term.
Westwood Forecasts $35 Billion in Contracts Through 2027
Westwood Global Energy Group expects the FLNG market to emerge from the doldrums with $35 billion in EPC contract awards forecast between 2023-2027.
Rig Providers Focus on Advancements to Keep Up with E&P’s Needs
With the offshore drilling market on a positive upswing, rig companies are trying to meet demand while adding the latest bells and whistles to their fleets.
Emerging Players Contribute to 'New Day' for Oil Activity in West Africa
New players in Mauritania and Ivory Coast are making their presence felt in the energy industry.
Oil Prices to Climb, 16 FPUs Expected to Reach Sanction in 2023
2022 saw a 10-year record number of offshore floating production units sanctioned, with more expected in the coming year.
E&P Highlights (Nov. 28, 2022): Sinopec Shale Gas Discovery
Here’s a roundup of the latest E&P headlines including a new find in the Sichuan Basin and a flaring investigation in the U.K. North Sea from the past week in the upstream oil and gas industry.
Offshore Rig Market on the Rise
Globally the offshore rig market is going back to pre-pandemic numbers, with the drillship market increasing by 23% and the jackup market increasing by 6%, according to Westwood energy experts.
‘Modest’ Growth in Land Rig Demand Outlook
Specifically, in the U.S., the land drilling rig market is currently highly competitive and fragmented, a Westwood analyst said discussing the firm’s world land drilling rig market forecast.