Category: westwood
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Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards?
Downturn in high-impact exploration: Is revival of oil & gas drilling appetite on the cards? Given that the number of players engaged in high-impact (HI) oil and gas exploration operations has been cut in half since 2014, Westwood Global Energy, an energy market research and consultancy firm, has warned about the uncertainty surrounding new hydrocarbon…
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US Gulf rig fleet facing ‘steep’ drop in activity but improvements on the cards next year
US Gulf rig fleet facing ‘steep’ drop in activity but improvements on the cards next year As idle rig times loom in the U.S. Gulf this year, Westwood Global Energy, an energy market research and consultancy firm, has pointed out that the supply, demand, and utilization for drillships are set to pick up the pace…
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Delays in plug & abandonment work may put $5.5 billion on UK decom tab
Delays in plug & abandonment work may put $5.5 billion on UK decom tab With investor confidence taking a hit in the aftermath of political and fiscal woes, hydrocarbon exploration in a slump, and supply chain costs likely to rise, a postponement of plug and abandonment (P&A) assignments could hike the UK’s decommissioning bill by…