Spending on global offshore drilling and well services (DWS) will steadily decline over the next four years, according to analysts Westwood Global Energy.
Westwood Global Energy Group
Steady oil prices
The US onshore market is set for a period of strong growth with spending totalling $554billion expected through 2022, according to a new report from an energy consultancy.
UK North Sea oil explorers may have suffered “collective brain freeze” when coming up with their ambitious 2017 drilling targets, an analyst has said.
In light of recent comments regarding the US President’s focus on America’s oil and gas production and the desire to stoke the flames of the coal industry, Westwood Global Energy Group’s (WGEG’s) World Offshore Wind Market Forecast 2017-2026 decided to explore whether a Trump presidency is good or bad for the USA’s offshore wind industry.
Fewer exploration wells were drilled in the first half of 2017, but commercial success rates were up, an analyst has said.
The UK general election showed attitudes to decommissioning are “changing for the better”, an analyst has said.
Optimism is returning to North Sea exploration, though estimates for this year’s drilling targets could be unrealistic, an oil sector analyst has said.
Stability and a slow recovery during 2017 may consign last year to the history books as a “nadir” for conventional global oil and gas exploration, an Aberdeen-based energy research consultancy said yesterday.
Well numbers and discovered volumes fell to a nine-year low in 2016, but success rates increased by 35% and further growth is expected this year, a new report said.
An Aberdeen-based group of energy consultancy firms has kicked off its expansion drive with the acquisition of a US firm.
A group of energy research and consulting companies that includes Douglas Westwood has been renamed and reorganised.