Offshore Wind Vessel Demand Set to Rebound
25, May 2026
Offshore wind vessel demand is expected to rebound in 2026 as installation activity rises and WTIV utilisation recovers across key markets outside mainland China.
Westwood
Middle East Conflict Slows Jackup Recovery
14, May 2026
The Middle East jackup market has slowed after escalating regional conflict disrupted offshore drilling activity across the Arabian Gulf. Westwood said rig suspensions, delayed drilling campaigns and contract terminations pushed marketed fleet utilization down sharply, delaying the expected recovery in 2026.
Petrobras Holds 36 of Brazil’s 49 Offshore Rigs
8, March 2026
Petrobras controls 36 of Brazil’s 49 offshore rigs, while Westwood Global Energy Group data point to 5,472 minimum rig days of demand through 2029.
Westwood Flags Key Offshore Energy Signals in APAC
15, November 2025
Westwood’s APAC offshore report highlights core indicators shaping regional activity, including EPCI forecasts, Southeast Asia contract expectations, offshore wind auctions, rig utilisation levels and vessel fleet conditions across oil, gas and wind markets.
