Category: Westwood Global Energy
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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…