Westwood Global Energy Group


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About Westwood Global Energy Group

We are a provider of information, subscription services and research-led consultancy for the global energy industry.

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We are a leading provider of information, subscription services and research-led consultancy for the global energy industry. We focus on intelligence and insight for worldwide exploration and energy services markets. We help clients make informed commercial and strategic decisions through a combination of proprietary data, insight and knowledge. Our analysis is independent, quality assured and based on sector expertise throughout our organization.

We are home to some of the most respected solutions in energy market research and intelligence. We provide the actionable insight that businesses, industry bodies and investors need to answer their strategic, technical and commercial questions – time and time again.

We provide subscription-based data services, bespoke reporting, and commercial advice to clients in upstream operations, onshore energy services, including North American unconventionals, and offshore energy services. Independent, flexible and adaptable, we are committed to excellence in our data and analysis and turning energy market research into easily integrated, workflow-ready insights. That’s why we are trusted advisors to forward-thinking clients around the world.

We choose to focus on areas of the industry traditionally underserved by other players. We dig deeper, reach further, and join up data in new ways to create instantly actionable insights. And because we have the size, scale and creativity to adapt to changing conditions, we can offer the right solutions without ever compromising on quality.

Articles & News

Courtesy Westwood Global Energy Group
Drilling & Completion

Africa leading this year’s frontier drilling campaigns, consultant claims

Feb. 21, 2024
Westwood Global Energy Group expects 60-65 high-impact wells to be drilled in 2024, similar to last year’s activity.
Courtesy Westwood Global Energy Group
Rigs

P&A sustaining North Sea jackup sector

Feb. 19, 2024
Demand for P&A work has risen, masking some of the shortfall in new drilling programs in the North Sea, according to Westwood Global Energy Group subsidiary RigLogix.
Photo 60918266 © Anupong Nantha | Dreamstime.com
Field Development

Nearly 90 greenfield, brownfield project FIDs expected this year

Feb. 13, 2024
Offshore EPC contracting opportunity valued at $68 billion.
Photo 40289638 © Trondur | Dreamstime.com
North Sea & Europe

North Sea dominates exploration line-up offshore Norway and UK in 2024

Feb. 12, 2024
Westwood Global Energy Group has identified a potential 49 exploration wells this year across the Norwegian Continental Shelf, targeting potential resources of about 2.2 Bboe....
SOURCE: WESTWOOD RIGLOGIX
Rigs

Rig rates steady or rising with few newbuilds on the horizon

Dec. 21, 2023
Westwood Global Energy Group subsidiary RigLogix has issued an update on opportunities for the global offshore rig fleet.
SOURCE: WESTWOOD SUBSEALOGIX & PLATFORMLOGIX
Projections are based on Westwood's base case outlook, which assumes an average of US$80/bbl for 2023 and above US$65/bbl for 2024/27.
Vessels

Offshore activity growing, but vessel pressures causing concern

Oct. 10, 2023
Offshore EPC investments for 2023 could total $62.5 billion, with $29 billion awarded in the year to date, according to Westwood Global Energy Group.
Courtesy Westwood Global Energy Group; Westwood Atlas
Figure 2 Unrisked Resources In Undeveloped Discoveries
Production

Rosebank critical to UK’s long-term production, Westwood claims

Sept. 29, 2023
Equinor and Ithaca Energy’s newly sanctioned Rosebank oil and gas development west of Shetland is the UK’s largest new standalone field project since Culzean in 2016, according...
Westrigs2 Figure 1 Annual Jackup Deliveries Attrition 768x460
Rigs

Report: No resurgence seen for newbuild rig construction

Sept. 1, 2023
Shipyards not willing to take on new orders following glut of recent years, says Westwood Global Energy Group.
Courtesy Westwood Wells & Production Outlook
Nigeria oil and gas production: current versus potential additions
Production

Deepwater driving Nigerian oil production growth through 2030

Aug. 25, 2023
Nigeria’s current oil and gas production remained below the average level of 3 MMboe/d from 2010-2015, due in part to a 74% reduction in capex from $27 billion in 2014 to $6 billion...
Source: NSTA and Westwood Atlas & New Energies; Courtesy Westwood Global Energy Group
UK's 1st Carbon Storage Licensing Round Provisional Awards SNS Areas 2, 4 and 8
North Sea & Europe

Westwood analyzes winning bids for UK carbon storage lease round

May 30, 2023
Westwood Global Energy Group has conducted a review of awards issued earlier this month by the NSTA under the UK’s 1st Carbon Storage Licensing Round.

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All content from Westwood Global Energy Group

SOURCE: WESTWOOD RIGLOGIX
North Sea Jackup And Semisubmersible Unawarded Demand
Rigs

North Sea rig pool declining following fiscal disincentive

March 23, 2023
Westwood’s RigLogix service estimates current demand in UK waters for jackups and semisubmersibles at a tender/pretender/enquiry stage at 5,403 days, or 14.8 rig years.
SOURCE: WESTWOOD ATLAS NEW ENERGIES
UK blue hydrogen capacity share by lead project developer announced for startup by 2030
North Sea & Europe

Report: UK set for blue/green hydrogen growth

March 14, 2023
Westwood’s Atlas New Energies solution has identified 45 low-carbon hydrogen projects in the UK.
SOURCE: WESTWOOD WILDCAT
Success Rate And Discovered Resource Comparison V3
Drilling & Completion

Evidence suggests lower returns from farm-in exploration wells, report finds

March 8, 2023
Westwood Global Energy Group has analyzed results from 419 high-impact exploration wells drilled outside the US and Canada, which were completed between 2017 and the end of October...
Photo 269368675 © John Krutop | Dreamstime.com
Offshore Jackup Rig
Rigs

Offshore rig scrapping lowest in years as recovery intensifies

March 3, 2023
Sentiment from the industry is there is little appetite for new rigs to be ordered, Westwood Global Energy Group reported.
SOURCE: WESTWOOD ATLAS AND WILDCAT
Pre Drill Resources For Prospects Currently On Westwoods List Of 2023 Exploration Drilling Candidates In The Uk And Norway V3
Drilling & Completion

UK the current focus for high-impact drilling in NW Europe

Feb. 22, 2023
Exploration and appraisal drilling offshore the UK has delivered positive early results this year, according to Westwood Global Energy Group.
43762359 © ANUPONG NANTHA | DREAMSTIME.COM
Offshore Construction Sunset Dreamstime M 43762359
Field Development

Offshore supply chain riding wave of O&G investment

Feb. 7, 2023
Some $73 billion in EPC award value anticipated in 2023.
Photo 267767410 © Viktor Hladchenko | Dreamstime.com
Offshore Wind
Renewable Energy

Westwood shares insights on California's Pacific Wind leasing round

Feb. 2, 2023
When compared to last year’s prices paid in the New York Bight lease round, Pacific Wind has come in significantly lower, according to Westwood Global Energy Group.
Photo 31867247 © Chuyu | Dreamstime.com
Offshore Wind
Renewable Energy

Six key offshore wind themes to watch in 2023

Jan. 17, 2023
Westwood explores the key themes for 2023 that it is keeping a close eye on in the offshore wind sector, where the only constant is change.
Photo 261047102 © Wirestock | Dreamstime.com
Offshore Wind
Renewable Energy

Is offshore wind development in Mainland China sustainable without subsidy?

Nov. 22, 2022
Westwood addresses whether the lack of central government subsidies will stifle offshore wind development in Mainland China.