Westwood: UK’s windfall tax puts oil & gas investments at risk, giving a boost to North Sea rig exodus

by | Mar 24, 2023 | Headline, Long read, North Sea, Offshore Drilling, Oil & Gas, rig exodus, rig shortage, UK, Westwood

Westwood says that the UK's tax changes could amplify the exodus of rigs from the North Sea, which is already in full swing. The post Westwood: UK’s windfall tax puts oil & gas investments at risk, giving a boost to North Sea rig exodus appeared first on Offshore...

Offshore drilling upcycle whets contractors’ appetite for rig reactivation with scrapping taking a downturn

by | Mar 8, 2023 | Headline, Long read, Offshore Drilling, Oil & Gas, rig reactivation, rig scrapping, Westwood

Westwood says offshore rig scrapping is at its lowest level in years, as the offshore drilling market’s recovery intensifies. The post Offshore drilling upcycle whets contractors’ appetite for rig reactivation with scrapping taking a downturn appeared first on...
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