Westwood holds moderate outlook for rig growth in 2019

WESTWOOD Energy’s Riglogix arm has been taking a pass at a full year of rig data and thinks “the wheels for a recovery are undoubtedly in motion”. 

Westwood holds moderate outlook for rig growth in 2019 Westwood holds moderate outlook for rig growth in 2019 Westwood holds moderate outlook for rig growth in 2019 Westwood holds moderate outlook for rig growth in 2019 Westwood holds moderate outlook for rig growth in 2019

Offshore rig market recovering but not at rate first thought: Westwood

Westwood believes as the year progresses that utilisation and day rate increases are coming "but it will happen later rather than sooner" beginning in the second half of this year.