• News Release

  Global upstream FIDs on track to double in 2017

  • 17 julio 2017

  In the first half of the year, the industry has already witnessed 15 project sanctions, almost comparable to project sanctions in the whole of 2016.

• Comment

  Mexico's new president: Energy future at a crossroads

  • 02 julio 2018

  After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.

• Comment

  BP seals asset swap with ConocoPhillips

  • 04 julio 2018

  BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips

• News Release

  Global upstream project delivery is finally hitting the mark

  • 14 agosto 2018

  Has the oil and gas industry finally turned around its reputation for always delivering upstream projects behind schedule and overbudget? Emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on project returns, according to a new Wood Mackenzie report.

• Comment

  Bidding down but sums higher in US Gulf of Mexico Lease Sale 251

  • 15 agosto 2018

  On Wednesday, 15 August 2018, the US held its region-wide Lease Sale 251, attracting 171 bids from 29 participating companies, with high bids totalling US$178.1 million. An increase of about $53 million from the last region wide lease sale in March.

• News Release

  Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence

  • 28 agosto 2018

  Brazil’s Campos basin is awaiting a resurgence in production according to a new report by Wood Mackenzie, analysing the impacts redevelopment of the basin's mature oil fields could have on production, royalty collection and job creation.

• Comment

  ExxonMobil and Guyana hit Jackpot with latest offshore discovery

  • 01 septiembre 2018

  ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Accounting for 15% of all conventional crude found globally since 2015, no other area has delivered as much conventional oil resource.

• Comment

  Total hits the jackpot at Glendronach

  • 24 septiembre 2018

  Total has made a major gas discovery in the UK's West of Shetland region, hitting an estimated 1 trillion cubic feet of gas

• Comment

  Ensco beefs up fleet with Rowan deal

  • 08 octubre 2018

  Offshore driller Ensco is poised to buy smaller rival Rowan in an all-stock deal valued at $2.38 billion.

• News Release

  How do the Majors stack up in the Lower 48?

  • 16 octubre 2018

  The Major oil and gas companies have made big strategic bets on the US Lower 48's unconventional plays. The scale, returns and investment flexibility offered by tight oil and gas has made it an essential part of most major players’ portfolios. But how do the players compare to each other?

• Comment

  Petronas takes 10% stake in Oman’s Khazzan development

  • 23 octubre 2018

  Malaysian NOC Petronas buys a 10% interest in Oman's Khazzan development

• Comment

  OGA gives Alligin and Finlaggan the green light

  • 23 octubre 2018

  UK Oil & Gas Authority gives the Alligin and Finlaggan developments the green light

• News Release

  Big Data adds up to big savings for upstream players

  • 12 noviembre 2018

  The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.

• Comment

  Hammond raises hopes of decommissioning hub role for Scotland

  • 30 octubre 2018

  In the Autumn Statement, the UK's Chancellor of the Exchequer Philip Hammond did not make any headline changes to oil and gas tax rates, setting out instead plans to make a "call for evidence" on how to establish Scotland as a global hub for decommissioning.

• Comment

  ExxonMobil's Pluma marks a perfect 10

  • 04 diciembre 2018

  ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Luiz Hayum, research analyst with Wood Mackenzie's Latin America upstream oil and gas team, comments on Exxon's latest find, Pluma.

• News Release

  Producers double down on hedging in Q3 2017

  • 29 noviembre 2017

  Hedging activity surged in Q3 2017 as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie's latest analysis of oil and gas hedging activity.

• News Release

  Deepwater Gulf of Mexico stages a comeback in 2018

  • 05 enero 2018

  The U.S. deepwater Gulf of Mexico sector has struggled since crude dropped in late 2014. However, as costs finally settle at a bottom and operators set a new standard for operational efficiency, 2018 might just be a turning point for the sector.

• News Release

  Latin America to buck global exploration trend in 2018

  • 22 enero 2018

  Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.

• News Release

  Offshore decommissioning in Asia Pacific could cost US$100 billion

  • 01 febrero 2018

  According to Wood Mackenzie's latest analysis, decommissioning Asia Pacific's offshore assets – nearly 2,600 platforms and 35,000 wells – could cost over US$100 billion.

• News Release

  Will a shifting global market embrace US crude?

  • 05 marzo 2018

  A new study by Wood Mackenzie, examines this shift in the oil market, and assesses the challenges and opportunities facing the market and US producers and midstream operators.

• News Release

  Conventional pre-FID breakevens give the Lower 48 a run for its money

  • 14 marzo 2018

  Analysis of global oil cost curves indicates that many conventional pre-FID projects – even deepwater developments - are now competitive on a breakeven basis with US Lower 48 tight oil. However, this competitiveness has come at the expense of volumes. The trade-off of cost efficiency versus volumes means that in the medium- to long-term, the cost of supply is set to increase, highlighting the US Lower 48’s role as an important marginal barrel producer.

• Comment

  US Gulf of Mexico Lease Sale 250

  • 22 marzo 2018

  On Wednesday, 21 March 2018, the US held its region-wide GoM Lease Sale 250, attracting 159 bids from 33 participating companies, with high bids totalling US$124.8 million. The total of high bids represents a modest increase of about US$3 million over last year's August region wide Lease Sale 249 but is still a lacklustre result.

• News Release

  Upstream FIDs pushes on with lower costs

  • 05 abril 2018

  As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.

• News Release

  Chinese shale gas production to almost double in two years

  • 17 abril 2018

  Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells and 9 bcm of production last year. In its latest analysis, Wood Mackenzie projects Chinese shale gas production to almost double to 17 bcm in 2020.

• News Release

  A new era for oil and gas in Mexico

  • 16 mayo 2018

  Look no further than Mexico for an example of what a successful energy reform looks like. Over the past five years, the country has dramatically overhauled its energy landscape. A new report analyses the impacts of the energy reform on the country's upstream sector.

• News Release

  East Coast gas prices could rise 30 percent in five years

  • 25 mayo 2018

  In a recent study, Wood Mackenzie forecasts Australia's East Coast gas prices to rise up to 30 percent to between A$10 and A$13 /per gigajoule by the mid 2020s.

• News Release

  Permian produced water: slowly extinguishing a roaring basin?

  • 11 junio 2018

  With the recent rise oil prices, operators have been adding rigs and ramping up completions in the Permian Basin – the largest and most important source of oil supply growth in the world. However, persistent operational water challenges present a material risk to companies' future profitability and production.

• News Release

  Exploration industry eyes a brighter future at EAGE

  • 12 junio 2018

  In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.

• News Release

  Upstream companies positioned to thrive in 2019

  • 17 diciembre 2018

  Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

• News Release

  Major LNG buyers' uncontracted demand to quadruple by 2030

  • 13 diciembre 2018

  Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.