In the News, 26th May 2017


WGE In the News
26th May 2017

A number of news sites referenced and quoted Westwood Energy Global this week:


The announcement that Emma Cruickshank would be joining the Westwood Global Energy Team as Head of Research, Northwest Europe was featured in the news:

“Westwood Global Energy Group (WGEG), the energy market research consultancy, has made a senior strategic hire, bringing on board Emma Cruickshank as Head of Research, Northwest Europe.” 25/05/2017

The World Drilling & Well Services Market Forecast 2017-2021 was in the news this week:

“The oilfield service industry will begin to recover from the effects of the downturn in 2017, according to a note released by Douglas Westwood. In total, $1,185 billion is expected to be spent on drilling and well services from 2017 to 2021.” 23/05/2017

Another report to feature in the news this week was the World Deepwater Market Forecast 2017-2021:

“In its most recent update, the oilfield services research team at Douglas-Westwood projects that global deepwater expenditure will grow at a 3% CAGR over the 2017-2021 period, with expenditure totaling $125.4 billion.” 19/05/2017 19/05/2017 24/05/2017 25/05/2017

The latest edition of the State of Exploration Report was referenced in a story on Upstream this week:

“UK-based research firm Westwood Global Energy Group (WGEG) also said in its latest State of Exploration report earlier this month that wildcat drilling may also be emerging from a nadir.”

Upstream 24/05/2017

The Western Europe Decommissioning Market Forecast 2017-2040 was also in the news this week:

“DW forecasts that between 2017 and 2040, $105bn will be spent on decommissioning in Western Europe, as the region becomes the first area outside the Gulf of Mexico to see large-scale decommissioning activity.” 22/05/2017

This week’s Westwood Insight was featured on a number of sites:

“The global land drilling rig market has been through a tough downturn characterised by an inward focus through the supply chain on survival.” 22/05/2017 22/05/2017 22/05/2017 22/05/2017 23/05/2017 23/05/2017

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