Well Slot: Who’s drilling in the UK North Sea and Norway?
August update: K2, Leverett and Earn underway, and Norway takes off.
Westwood Global Energy Group
‘Making safer bets’: Oil and gas firms own just 7% of global floating wind pipeline
Oil and gas firms own just 7% of global floating offshore wind projects in the pipeline, according to analysis.
Several offshore wind FIDs planned for 2023 ‘look more at risk’
Orsted's £8bn Hornsea Three wind farm is a prime example, and a number of others globally have been "re-shuffled and refocused."
Floating Wind: Will others follow Celtic Sea in leasing round port requirements?
"What we’re looking at here is probably more of an effort to get an earlier level of coordination within the industry."
Westood says ‘only a few platforms will benefit’ from INTOG
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.
Apache sale ‘likely’, NSTA not expected to force change of operator
The regulator is not expected to use its ultimate sanctioning powers here - even if licensing rules have been breached.
Westwood: Subsea tree awards up 29% year-on-year
Oil and gas companies are dishing out more contracts for subsea trees as the industry continues its global resurgence.
‘Perennial issue’ as North Sea explorers over-hype their prospects
There's been numerous cases over the last decade in UK North Sea exploration where company estimates have been way off the mark.
Who have been the UK North Sea exploration standouts?
New data has highlighted the “standout” firms carrying out exploration in the UK North Sea in recent years.
Onshore drilling to boom in Middle East, Westwood predicts
By 2027, rig demand in the GCC area will be 53% higher than 2019, Westwood’s Jensen predicted.
Norway well slot – Equinor hails Heisenberg
As of 24 March, Westwood Global Energy reports that there is one appraisal and four exploration wells active in Norwegian waters.
Africa to take centre stage for FLNG plans
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.
UK well slot – Big hopes at Benriach
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.
Industry fears being realised as Westwood warns windfall tax is accelerating North Sea rig exodus
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.
Report: Vague government policy risks hampering UK’s hydrogen pipeline
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.
Westwood: offshore drilling rig scrapping at lowest level in years
Rig owners are keeping hold of their older units as the offshore drilling sector continues its bounce back from a multi-year downturn.
Shell Pensacola discovery opens ‘new play fairway’ in North Sea
The largest discovery in a decade for the region will now open up more than a dozen other prospects in the Southern North Sea.
Westwood: Harbour Energy one of just two IOCs to finish 2022 with lower share price
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.
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.
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.