Westwood Global Energy Group

A provider of information, subscription services and research-led consultancy for the global energy industry

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Westwood is a provider of information, subscription services and research-led consultancy for the global energy industry. It focuses on intelligence and insight for worldwide exploration and energy services markets. 

News

Source: Westwood Wildcat
Westwood map of high-impact wells to watch in 2026
Westwood Global Energy Group predicts widespread activity in emerging and frontier basins, including offshore Peru, Libya and Somalia.
Feb. 20, 2026
Courtesy Westwood Global Energy Group
Westwood data map: Southeast Asia key upstream projects
Westwood Global Energy Group predicts continued demand for jackups and deepwater rigs in the Asia-Pacific region as operators invest in new development projects over the coming...
Nov. 14, 2025
ID 379556529 © Ybutor | Dreamstime.com
an AI-generated stock art photo of a rig with chart data overlay
Westwood Global Energy Group has provided an oil and gas EPC awards update, offshore wind turbine generator awards status and a drilling rig fleet utilization summary.
May 30, 2025
Source: Westwood Wells & Production Outlook
India Anticipated Well Spuds 2019-2030
India’s parliament has passed the Oilfields (Regulation and Development) Amendment Bill 2024, ushering in reforms to the country’s oil and gas laws with clauses supporting smaller...
March 31, 2025
ID 117247511 © Nikkytok | Dreamstime.com
US Gulf drillship fleet heading into rough waters
A looming dip in demand is due to rising project costs and supply chain challenges, according to Westwood.
March 27, 2025
Courtesy Westwood Atlas Decommissioning
Number of wellbores requiring rig P&A work
Westwood Global Energy Group has identified 483 wellbores at fields in UK waters requiring rig-based P&A activities at the end of last year.
March 19, 2025
Source: Westwood Wildcat
High impact exploration activity and projection for 2025
High-impact exploration in 2025 is expected to remain stable, with QatarEnergy being the most active explorer and all eyes remaining on the Orange Basin, according to the latest...
Feb. 5, 2025
Source: Westwood Atlas and Wildcat
Pre-drill resources for prospects currently on Westwood’s list of 2025 planned exploration wells in Norway
Westwood Global Energy Group provides its UK and Norway exploration and production outlook for 2025.
Jan. 24, 2025
ID 110637279 © Tomasz Wozniak | Dreamstime.com
Offshore EPC contracting activity to remain buoyant in 2025
Westwood forecasts offshore oil and gas-related EPC contract award value to total $54 billion, which is a 1% increase over 2024.
Jan. 7, 2025
Courtesy Westwood Global Energy Group's Westwood Wells & Production Outlook 2025-2031, SubseaLogix
Global subsea tree installations
Westwood Global Energy Group expects the Americas to account for 47% of subsea development wells from 2025 to 2031.
Dec. 16, 2024

Articles

connect11/1408944450/iStock/Getty Images Plus
Top 10 Offshore Drillers: ADES’ acquisition strategy lands it at top
The industry is moving toward a leaner, more efficient rig fleet, and more consolidation is expected.
July 2, 2026
ID 244162714 | 2022 © Arild Lilleboe | Dreamstime.com
AHTS vessels
The offshore support vessel market is tightening as supply discipline, aging fleets and constrained reactivation reshape utilization trends, according to Westwood Global Energy...
May 19, 2026
ID 385330874 © Suksan Phaseeda | Dreamstime.com
offshore rig
Westwood’s latest review of offshore drilling awards and opportunities suggests comebacks for Saudi Arabia and Mozambique, among others.
Feb. 5, 2026
Suphanat Khumsap/2174093581/iStock/Getty Images Plus
EPC contracts awards in 2026 expected to total some $59 billion
But this could be constrained by cost pressures and lower oil prices.
Jan. 20, 2026
ID 247676904 © John Krutop | Dreamstime.com
subsea equipment lifted from Appleton Docks to a heavy lift barge
Despite a 20% YoY drop in 2025 EPC awards, the subsea sector shows resilience with strong demand for subsea trees and pipelines across the globe.
Jan. 8, 2026
ID 221820122 © Sener Dagasan | Dreamstime.com
Westwood reports on 2025 offshore drilling
This report highlights the upcoming surge in offshore drilling activities worldwide, focusing on high-impact wells in deepwater basins, including record-breaking prospects like...
Aug. 13, 2025
Courtesy COSL
COSLProspector semi-submersible drilling rig
Led by COSL, top contractors now claim 51% of the market.
July 7, 2025
ID 16807291 © Sculpies | Dreamstime.com
offshore rig
Westwood analysis shows Namibia is the most promising deepwater rig demand hotspot.
Aug. 28, 2024
Courtesy Westwood Wells & Production Outlook
East African Ruvuma-Rufiji (EARR) Gas Basin Wells for Current & Upcoming Projects 2019-2030
Mozambique looks set for a steep ramp-up in offshore gas production, according to a report by Westwood Global Energy Group.
Aug. 23, 2024
Source: Westwood Atlas and Wildcat
Annual well count and commercial and technical success rates
Westwood Global Energy Group expects 47 exploration wells to be drilled this year across the Norwegian Continental Shelf, targeting an overall resource of about 2.85 Bboe.
Aug. 6, 2024

Additional content from Westwood Global Energy Group

Source Westwood RigLogix
Awarded North Sea semisub contract days
The remaining pool of harsh-environment semisubmersible drilling rigs in the North Sea is down to 23, according to Westwood Global Energy Group’s RigLogix service.
Sept. 27, 2024
Courtesy China Oilfield Services Ltd.
China Oilfield Services Ltd. (COSL) has maintained its top spot in the top 10 drillers list by expanding its managed rig fleet size to 67 units. Shown here is the harsh environment semisubmersible rig COSLInnovator, which recently won a two-year contract from Equinor starting in 2Q 2025.
Number of rigs working increased by 33 over last year
June 11, 2024
Photo 27983575 © Bomboman | Dreamstime.com
offshore_drilling_
High-impact exploration drilling globally declined by 21% last year, according to a new report from Westwood Global Energy Group.
June 6, 2024
SOURCE: WESTWOOD RIGLOGIX
figure1_offshore drilling rig average leading edge dayrates
Offshore rig rates hit a nine-year high last year, according to a report from Westwood Global Energy Group subsidiary RigLogix.
April 25, 2024
Courtesy Westwood Global Energy Group
Key wells to watch in 2024, according to Westwood Global Energy Group analysis
Westwood Global Energy Group expects 60-65 high-impact wells to be drilled in 2024, similar to last year’s activity.
Feb. 21, 2024
Courtesy Westwood Global Energy Group
figure1_northwesteuropemarketedjackupsupplydemandu
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.
Feb. 19, 2024
Photo 60918266 © Anupong Nantha | Dreamstime.com
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Offshore EPC contracting opportunity valued at $68 billion.
Feb. 13, 2024
Photo 40289638 © Trondur | Dreamstime.com
north_sea_oil_and_gas
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....
Feb. 12, 2024
SOURCE: WESTWOOD RIGLOGIX
figure1_offshorerigmarketedsupplydemandutiliszatio
Westwood Global Energy Group subsidiary RigLogix has issued an update on opportunities for the global offshore rig fleet.
Dec. 21, 2023
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.
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.
Oct. 10, 2023
Courtesy Westwood Global Energy Group; Westwood Atlas
Figure 2 Unrisked Resources In Undeveloped Discoveries
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...
Sept. 29, 2023
Westrigs2 Figure 1 Annual Jackup Deliveries Attrition 768x460
Shipyards not willing to take on new orders following glut of recent years, says Westwood Global Energy Group.
Sept. 1, 2023