August update: K2, Leverett and Earn underway, and Norway takes off.
Westwood Global Energy Group
Oil and gas firms own just 7% of global floating offshore wind projects in the pipeline, according to analysis.
Orsted's £8bn Hornsea Three wind farm is a prime example, and a number of others globally have been "re-shuffled and refocused."
"What we’re looking at here is probably more of an effort to get an earlier level of coordination within the industry."
Westwood Global Energy Group recently compared the net zero journeys of Norway and the UK, indicating that INTOG might be too slow to electrify the North Sea.
The regulator is not expected to use its ultimate sanctioning powers here - even if licensing rules have been breached.
Oil and gas companies are dishing out more contracts for subsea trees as the industry continues its global resurgence.
There's been numerous cases over the last decade in UK North Sea exploration where company estimates have been way off the mark.
New data has highlighted the “standout” firms carrying out exploration in the UK North Sea in recent years.
By 2027, rig demand in the GCC area will be 53% higher than 2019, Westwood’s Jensen predicted.
As of 24 March, Westwood Global Energy reports that there is one appraisal and four exploration wells active in Norwegian waters.
Africa will “dominate” new floating LNG (FLNG) projects in the period to 2027, adding 10.2 million tonnes per year of capacity, according to a note from Westwood Global Energy Group.
As of 24 March, Westwood Global Energy reports that there are two exploration wells active, with one each in the West of Shetland and northern North Sea regions, and one appraisal well in the central North Sea.
A top market analyst fears the North Sea faces losing rigs “for good”, unless changes are made to the UK’s oil and gas windfall tax.
A new report is warning that political instability and a lack of government clarity around support could stunt the rollout of hydrogen projects in the UK.
Rig owners are keeping hold of their older units as the offshore drilling sector continues its bounce back from a multi-year downturn.
The largest discovery in a decade for the region will now open up more than a dozen other prospects in the Southern North Sea.
A new report from Westwood Global Energy Group has laid bare the impact of the UK Government's fiscal tinkering on Harbour Energy's (LON: HBR) share price in 2022.
Activity in the North Sea is a “bit questionable” though given the current windfall tax, which has prompted some operators to send rigs elsewhere.
Research firm Westwood Global Energy Group has delivered its forecasts for the offshore wind market in the coming year.
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.
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.
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.
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.