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Westwood Global Energy Group


Westwood Global Energy Group is a provider of information, subscription services and research-led consultancy for the global energy industry. The firm focuses on intelligence and insight for worldwide exploration and oilfield services markets to help its clients make informed commercial and strategic decisions through a combination of proprietary data, insight and knowledge. Westwood's analysis is independent, quality assured and based on sector expertise throughout its organization.

Editor's note: Updated Jan. 13, 2020.

Headquarters Address

United Kingdom



Report Date Amount (MM) Description
2017-04-07 --

Westwood Expands Into US Shale Market With Acquisition Of Energent

Westwood Expands Into US Shale Market With Acquisition Of Energent

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After Challenging Year, Which Way Will Offshore Wind Blow?

Following a year of negative headlines with some of the industry’s biggest players booking billion-dollar impairments and backing out of wind projects, this year appears to be going smoother.

Despite GoM Struggles, 2024 is Still Ripe for Offshore Rigs

Though industry experts are predicting 2024 to be a slow year for rigs in the Gulf of Mexico, there is plenty of opportunity for contracts to be awarded in other markets.

Report: Nigeria Production to Ramp up through 2030

Westwood Global Energy projects Nigeria’s oil and gas sector will liven up with 140 new wells drilled year-on-year to 2030.

Frac Markets to Tighten? E&Ps Spur OFS Upgrades, Higher Prices

Demands by E&Ps for more efficient pressure pumping and a coinciding retirement of hydraulic horsepower has set the stage for a rise in oilfield service pricing. 

FPS Activity Remains Strong Despite Obstacles

Floating production systems remain in demand, despite concerns about keeping up with demand, financial pressures and reservations that activity could drop off over the long term.

Westwood Forecasts $35 Billion in Contracts Through 2027

Westwood Global Energy Group expects the FLNG market to emerge from the doldrums with $35 billion in EPC contract awards forecast between 2023-2027.

Rig Providers Focus on Advancements to Keep Up with E&P’s Needs

With the offshore drilling market on a positive upswing, rig companies are trying to meet demand while adding the latest bells and whistles to their fleets.

Emerging Players Contribute to 'New Day' for Oil Activity in West Africa

New players in Mauritania and Ivory Coast are making their presence felt in the energy industry. 

Oil Prices to Climb, 16 FPUs Expected to Reach Sanction in 2023

2022 saw a 10-year record number of offshore floating production units sanctioned, with more expected in the coming year.

E&P Highlights (Nov. 28, 2022): Sinopec Shale Gas Discovery

Here’s a roundup of the latest E&P headlines including a new find in the Sichuan Basin and a flaring investigation in the U.K. North Sea from the past week in the upstream oil and gas industry.

Offshore Rig Market on the Rise

Globally the offshore rig market is going back to pre-pandemic numbers, with the drillship market increasing by 23% and the jackup market increasing by 6%, according to Westwood energy experts.

‘Modest’ Growth in Land Rig Demand Outlook

Specifically, in the U.S., the land drilling rig market is currently highly competitive and fragmented, a Westwood analyst said discussing the firm’s world land drilling rig market forecast.

Gulf of Mexico Rig Market Thrives, Dominated by Drillships

Despite fluctuating oil and gas prices, the Gulf of Mexico rig market remains strong with a few of the majors holding a monopoly over rigs within the region.

Tax Incentives Driving Activity Offshore Norway

Westwood expects the Norwegian Petroleum Directorate to approve 25-30 plans for development and operation for offshore projects by the end of 2023.

Offshore UK Activity on Uptick

The offshore sector in the U.K. is starting to rebound with projects planned and utilization rates on the upswing.