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The hunt for advantage intensifies in 2024, and a subsurface divergence takes shape as high-impact wildcatting focuses on oil, while gas gains ground in discovered resource progression.
The global gas and LNG market rebalanced in 2023 – perhaps more than many expected. What key themes will define 2024?
If he wins a second term, former President Trump will aim to boost US oil and gas output. It will be easier to raise demand than supply.
A tense calm could fall on the global fiscal landscape in 2024, following the rollercoaster of recent years. Much will depend on geopolitics and supply/demand fundamentals – but it could be a year to taking stock and assessing conflicting ambitions.
The US Majors made two huge upstream acquisitions towards the end of 2023, creating a frenzy of speculation as to how competitors will react.
Carbon capture, utilisation and storage (CCUS) is set for a strong year, with key project milestones, regulatory developments and new technology deployment.
Current hot topics include efficiency challenges in the US Lower 48, changing corporate landscape in Nigeria and Russia’s energy alignment with China
From investment to M&A and decarbonisation strategies, read our predictions of the global upstream trends to watch – and how they could play out in your region.
It’s shaping up to be a turbulent year for national oil companies (NOCs), Independents and Majors alike, with potentially significant shifts in strategic playbooks.
Wide-ranging opportunities mean expectations for the future of oil and gas in the region are sky-high. But can they be met?
A restart to Iraqi oil exports via Turkey is more than just a pipedream, but obstacles remain.
New discoveries make the Orange Sub-basin the world’s hottest oil and gas exploration play
Wood Mackenzie hosted its first Global Gas, LNG and the Future of Energy conference featuring keynote speakers from across the industry. These are our five key takeaways from the event.
Can Colombia address social inequalities and drive growth while embracing the energy transition?
The CCUS landscape is evolving, and here’s a recap of some of our biggest learnings from the event.
There’s more than one route to resilience and sustainability
ExxonMobil announced the acquisition of Permian powerhouse Pioneer Natural Resources for US$64.5 billion. This is the largest upstream deal, in nominal terms, since Shell acquired BG for US$82 billion in 2015. Get our industry experts' top takeaways on the deal.
Developing Africa’s huge natural gas reserves is essential for growing export revenues and supporting domestic economic growth.
Retail fuel markets in APAC are set for continued growth – and big oil is taking notice.
Explore the pivotal role of LNG in global energy security & sustainable progress toward net-zero emissions through our new partnered reports.
Africa is blessed with abundant oil and gas resources but stands at a crossroads. The continent is yet to realise the full potential of its energy wealth.
European gas prices will remain volatile through the winter, but low gas demand could see 20% European gas price fall in summer 2024 compared to the current forward market.
As the global population burgeons and the average standard of living increases through mid-century, how will our fragile climate and, indeed, humanity deal with the billions of tonnes of carbon and other emissions we produce each year?
Billions of barrels of undeveloped hydrocarbons are being left on the shelf, but these old discoveries could be crucial to plugging the supply gap.
As demand for gas grows, it poses challenges for global climate goals. Suppliers will come under increased pressure to curb their emissions.
Upstream will play a crucial role in developing clean energy. Policy needs to support this, as well as foster a favourable environment for decarbonisation technologies.
Attractive economics and the need for advantaged barrels bode well for future exploration
Over the course of just one year, US$6.6 billion of deals have culminated in the twelfth-largest oil-focused US E&P.
A step forward for Occidental Petroleum’s direct air capture strategy, growing demand for oil, and the rest of the week’s big energy news.
Standout oil well performance in New Mexico, Saudi Aramco confirms its new dividend plan, the EU backs CCUS projects, the latest on superconductivity hopes, and more
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