• Opinion

  Ready, steady, store: delivering on the EU’s CO₂ storage obligation

  • 28 enero 2025

  What will the European Union’s Net-Zero Industry Act (NZIA) mean for Europe’s upstream oil and gas industry?

• The Edge

  No country for oil men (and women)

  • 30 enero 2025

  UK and EU energy policies risk undermining energy security and economic growth by discouraging domestic oil and gas investment, increasing reliance on costly imports and jeopardising net zero goals. Discover how regulatory uncertainty, high taxes and declining North Sea production threaten the future of Europe’s energy transition.

• The Edge

  Five themes shaping the energy world in 2025

  • 08 enero 2025

  What opportunities, challenges and risks does the world of energy and natural resources face in 2025? From geopolitics to Big Oil M&A and innovation in power. Our experts share their thoughts.

• Opinion

  5 ways exploration benefits upstream emissions intensity

  • 26 noviembre 2024

  The Majors have made significant strides in reducing emissions over recent years. Decarbonisation work and portfolio reshaping have been key factors in bringing their emissions intensity figures well below the average for the sector. But how big is the emissions advantage for Majors’ new discoveries, and what factors affect their relative emissions intensity?

• News Release

  Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

  • 18 noviembre 2024

  Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.

• Opinion

  What’s next for energy after the US elections?

  • 11 noviembre 2024

  With a new Trump administration set to steer US energy policy, what changes lie ahead for energy? Join Ed Crooks and expert guests as they break down the impacts on energy policy, renewables and the Inflation Reduction Act.

• News Release

  Shell and Equinor combination creates a new UK superpower, says Wood Mackenzie

  • 06 diciembre 2024

  Addressing the announcement of Equinor and Shell combining UK offshore oil and gas assets in a newly incorporated joint venture, Gail Anderson, research director at Wood Mackenzie said, “This new venture will create the biggest producer on the UKCS and demonstrates the long-term attractiveness of the region.”

• Opinion

  Video | Shell and Equinor announce UK asset merger to create new JV

  • 06 diciembre 2024

  Equinor and Shell are to combine their UK offshore oil and gas assets in a new incorporated joint venture, owned 50/50. The deal will create the biggest producer on the UKCS. We delve into this topic in a recent video, fill out the form to access this full analysis.

• News Release

  North Sea decommissioning faces challenges on several fronts, says Wood Mackenzie

  • 16 diciembre 2024

  The likelihood of a “dash to decom” in the North Sea remains limited due to a number of speed bumps that are slowing the widespread shut down of offshore assets, Wood Mackenzie reports.

• Opinion

  Threats to oil supplies show the limits of US production growth

  • 08 octubre 2024

  The US is sometimes thought to be immune to the impact of a steep rise in crude prices, because of the strength of its oil industry. But that view is an oversimplification. How might US E&Ps respond to disruption to global oil supplies?

• News Release

  Chevron moves closer to Canadian divestment target with $6.5B asset sale to CNRL

  • 08 octubre 2024

  Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5 billion Mark Oberstoetter, Upstream Research Director in Calgary, said “Chevron has shown commitment to its divestment target with two sale announcements in two weeks. Offloading Alaska assets to ConocoPhillips (COP) last week for US$300 million was a small step and made strategic sense given their lack of materiality in the Supermajor’s portfolio. Today’s announcement moves the company much closer to its US$10-15 billion divestment target.”

• The Edge

  Future energy: biomethane’s time has come

  • 17 octubre 2024

  Investment in the nascent biomethane sector, also known as renewable natural gas (RNG), is picking up, including large-scale M&A as Big Oil and manufacturers build positions. Simon asked Kateryna Filippenko, who leads our new Biomethane/RNG service, how she sees the market developing.

• News Release

  An additional £10 billion of North Sea value could be extracted from existing assets if the right fiscal and regulatory regime is established

  • 23 octubre 2024

  Up to £10 billion of North Sea oil and gas pre-tax value could be unlocked from existing assets if the UK government was to implement a fiscal system that encourages investment – and restores trust with the industry – according to new analysis by Wood Mackenzie.

• Opinion

  Global upstream update: oil supply questions and portfolio resets

  • 31 octubre 2024

  In our latest Global Upstream Update, we explore the latest industry developments, reflect on their broader energy market impact, and consider what could happen next.

• News Release

  Guyana and Suriname could provide 12 mmtpa of cost-competitive LNG in the 2030s

  • 04 noviembre 2024

  Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie.

• Opinion

  Is the crude oil refining sector delivering on decarbonisation?

  • 06 noviembre 2024

  The refining industry ranks as the third largest contributor to global greenhouse gas (GHG) emissions from stationary sources, placing it at the centre of the energy transition and net zero efforts.

• Featured

  Gas and LNG: predictions for 2025

  • 07 enero 2025

  From the prospect of a new wave of US LNG investments to the potential impact of the Ukraine transit deal expiration.

• The Edge

  What’s driving the upstream revival in Southeast Asia?

  • 19 septiembre 2024

  Four reasons the industry has started to invest again.

• Opinion

  Stepping on the gas: the state of global methane policies and regulations

  • 19 septiembre 2024

  As the world struggles to reduce greenhouse gas (GHG) emissions, international attention has turned to methane.

• Opinion

  From digester to burner tip: navigating the fast-growing RNG industry

  • 01 octubre 2024

  Biomethane, or Renewable Natural Gas (RNG), has been a catalyst for investments in recent years, with a marked increase in M&A deals. Oil and gas majors, in particular, are betting on biomethane as a key part of their integrated net zero solutions.

• Opinion

  Ten key considerations for oil & gas 2025 planning

  • 03 octubre 2024

  As we enter the 2025 corporate planning season, oil and gas firms are faced with significant choices. What represents the right balance between investment and rewarding shareholders? And how much capital should be allocated to low-carbon activities versus to traditional hydrocarbons? 

• Opinion

  Offshore influence: redefining the competitive landscape

  • 19 agosto 2024

  The corporate landscape of the subsea market has changed drastically over the last decade. A new wave of consolidation emerged in 2015, which forced operators to focus on two priorities – reducing costs and improving efficiency.

• News Release

  Iraq aims to ramp up oil and gas output

  • 16 agosto 2024

  Iraq’s upstream sector is undergoing rapid change, with an increasingly diverse corporate ecosystem, and significant investment being funneled into boosting oil and gas production. That said, crucial infrastructure issues still need to be overcome, and a lack of exploration activity remain a challenge. Iraq’s gas output could more than double by 2030 to reach 4.4 bcfd and oil output could hit 5.5 million b/d, in that same time frame, according to the report “Iraq’s upstream opportunities: a review” from Wood Mackenzie.

• Opinion

  Global upstream update: UK fiscal woes, Major exploration and Latin American promise

  • 26 agosto 2024

  From gas opportunities to supply-chain relationships and deepwater exploration, our global update covers key industry developments.

• Opinion

  Can CO2 utilisation drive increased carbon capture?

  • 28 agosto 2024

  Carbon dioxide utilisation could bolster carbon capture economics, but there are major obstacles

• Opinion

  Europe upstream: the pressure is on

  • 18 agosto 2022

  Fiscal changes, energy security pressures and cost inflation risks collide for Europe’s upstream oil and gas sector.

• Opinion

  Big Oil set to cash in on the trillion-dollar offshore wind prize

  • 11 agosto 2022

  The upstream sector has long analysed cash margins on a per barrel of oil equivalent (boe) basis. Our new cash margin metric – operating cash flow per gigajoule equivalent (GJe) – goes beyond traditional comparisons, and shows how offshore wind can come up trumps.

• Opinion

  Colombia upstream: digging into multi-level intelligence

  • 13 septiembre 2022

  In a year of significant change and new challenges, granular, asset-level valuation data is more important than ever.

• Opinion

  Africa’s Energy Hotspots – three trends that will shape the next decade of African energy

  • 24 abril 2024

  Changing Face of Energy Series: Africa Energy Hotspots

• Opinion

  What's new in global upstream

  • 22 abril 2024

  It remains important for upstream oil and gas to find advantaged growth opportunities. Pragmatic decisions feature as companies shift to adapt portfolios to keep pace with change. Efficiency and discipline are watchwords and high-impact projects must focus on unlocking roadblocks to growth. But M&A is still on the agenda, with some operators getting innovative with Joint Ventures.