• 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

  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.

• 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.

• 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? 

• 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

• The Edge

  Three factors driving US liquids production to new heights

  • 05 septiembre 2024

  Our US upstream team identify three drivers of the US’ ascent to the top of the global supply league table and why it’s now the main growth engine for three of the four largest Majors.

• 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.

• Opinion

  Enhanced oil recovery with captured CO2: insights on CCS-EOR

  • 26 julio 2024

  As CO2 to dedicated sequestration (CCS-Storage) rises in popularity, captured CO2 for enhanced oil recovery (CCS-EOR) falls out of favour. What does the future look like in the world of carbon capture technologies?

• Opinion

  Permitting reform plans raise hopes for accelerated investment in US infrastructure

  • 06 agosto 2024

  Senator Joe Manchin is facing one last job before leaving Congress: passing legislation that could transform the outlook for energy investment in the US. His permitting reform bill aims to realise the potential of the Inflation Reduction Act.

• Opinion

  2024 tight oil costs: the push and pull between efficiency and OFS rates

  • 24 julio 2024

  Are efficiency gains enough to offset price inflation?

• Opinion

  Climate transition plans: time for companies to take action

  • 24 julio 2024

  The need for a comprehensive and credible climate transition plan is growing – companies must take note.

• The Edge

  Is it time for a global climate bank?

  • 18 julio 2024

  Financing any aspect of the energy transition is tough. Funding the developing world’s transition, a topic central to the first Global Energy Transition Congress in Milan two weeks ago, is one of the most complex challenges that must be overcome in tackling climate change.

• Opinion

  Can ExxonMobil make attractive returns from its US CCUS portfolio?

  • 21 junio 2024

  We analyse whether ExxonMobil's CCUS projects in the US can compete for capital in its portfolio

• The Edge

  Artificial intelligence and the future of energy

  • 27 junio 2024

  Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments. Prakash Sharma and I asked WoodMac’s experts what role AI might play in the energy and resources sectors and where the greatest opportunities and risks are.

• Opinion

  More running room in Lower 48 efficiencies?

  • 19 junio 2024

  Leaner, faster operations have helped US liquids production reach new highs, while spending stays in check.

• News Release

  ConocoPhillips acquisition of Marathon Oil creates third largest producer in the US Lower 48, says Wood Mackenzie

  • 30 mayo 2024

  Addressing ConocoPhillips (COP) acquisition of Marathon Oil (MRO) in an all-stock transaction valued at US$22.5B, Alex Beeker, research director, corporate research for Wood Mackenzie said, “The addition of Marathon further solidifies ConocoPhillips in a league of its own, with few true peers. For ConocoPhillips, this is a diversified and balanced move across multiple geographies.”

• Opinion

  OPEC+ plans to boost oil production

  • 07 junio 2024

  The OPEC+ countries are taking on the delicate task of trying to raise oil production without crashing the market. They are starting cautiously, but the global economic outlook holds plenty of downside risks for demand and prices.

• Opinion

  What’s in store for gas and LNG in Europe?

  • 18 junio 2024

  An overview of market balances, the price outlook and risks for European gas and LNG through 2026

• Opinion

  A two-decade decline in exploration is driving the need for carbon neutral investment in Australia’s upstream sector

  • 27 mayo 2024

  A turbulent period of change has seen many legal and fiscal changes as Australia tries to balance its gas and energy transition strategy

• Opinion

  The energy transition in the upstream oil & gas sector: a reality check?

  • 05 junio 2024

  Geopolitical, financial and technical headwinds have slowed energy transition progress, but ever-tighter climate regulation continues to drive change.

• The Edge

  Rebooting Asia’s energy transition

  • 16 mayo 2024

  Last week in Singapore, sector leaders, including CEOs, took to the stage for Wood Mackenzie’s 6th APAC Energy and Natural Resources Summit. The theme was ‘Rebooting Asia’s energy transition’.