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Offshore CCS projects could breathe new life into Gulf of Mexico

04 November 2022

As the US looks for innovative ways to reduce greenhouse gas emissions, offshore carbon capture storage (CCS) projects in the US Gulf of Mexico (GoM) could play an influential role in meeting future goals, according to analysis from Wood Mackenzie.

News Release

How do the Majors stack up in the Lower 48?

16 October 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?

Opinion

Our top five takeaway messages from the CCUS conference 2023

20 October 2023

The CCUS landscape is evolving, and here’s a recap of some of our biggest learnings from the event.

The Edge

What changed energy markets in the 2010s?

14 January 2020

Can a decade be a turning point? So much happened in the energy sector, the 2010s might be seen as just that.

Opinion

Threats to oil supplies show the limits of US production growth

08 October 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?

Comment

Hess sells Shenzi stake to BHP in US$505m deal

05 October 2020

Hess is selling its 28% working interest in the Shenzi field in US Gulf of Mexico to operator BHP.

The Edge

OPEC gets to eat the Permian’s lunch

30 May 2018

In any commodity market, the marginal supplier makes hay when the sun shines. Oil prices are rampant, but tight oil is not behaving quite as expected. I caught up with R.T. Dukes, Head of US Lower 48 oil supply.

Opinion

Can conventional oil projects compete with L48 oil?

14 March 2018

US tight oil has arrived with a bang, disrupting the oil market. But can conventional oil projects compete? Our latest report looks at where tight oil and other pre-FID conventional projects sit on the global cost curve.

The Edge

Seven days that shook the world

13 March 2020

The coronavirus outbreak has derailed OPEC+, thrown the oil market into turmoil and sent an already unloved sector into freefall. What are the implications?

Opinion

Shell takes a hit from the coronavirus downturn

02 July 2020

The company is taking a gloomier view of oil and gas prices over the next few years, prompting a writedown in asset values of up to $22 billion after tax

Comment

What would an EU carbon border adjustment mechanism mean?

14 July 2021

The EU Commission proposed a carbon border adjustment mechanism (CBAM) as part of today’s “Fit for 55” package. James Whiteside, global head of multi-commodity research at Wood Mackenzie, said: “As the first mechanism of its kind, the CBAM is being designed in consultation with industry to avoid unintended consequences. “A CBAM that does not cover a substantial portion of the production chain will encourage carbon leakage - pushing emissions beyond the borders of the EU or shifting competition between EU and non-EU producers to the next stage of the value chain.”

Opinion

US oil production growth is stalling

06 October 2025

US shale hits a turning point - oil output is stalling as prices fall short of sustaining growth. What does this mean for global markets?

The Edge

Have we passed ‘peak growth’ for tight oil?

25 February 2020

Have we passed 'peak growth' for tight oil? What are the implications of slowing growth for the crude market? And how will pipeline owners adapt their strategies? Find out in this week's Edge.

Comment

Chrysaor seals North Sea top spot with reverse takeover of Premier Oil

06 October 2020

Privately-held UK Independent Chrysaor is buying London-listed Premier Oil by way of reverse takeover. Premier’s US$2.7 billion of debt and hedging liabilities will be repaid and cancelled via a US$1.232 billion cash payment, plus Chrysaor shares.

News Release

COP28: Middle East could play a key role in decarbonising global economy

23 November 2023

Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

Editorial

Oil price crash: 3 things you need to know today

10 March 2020

On Monday 9th March 2020, the oil price saw its biggest fall in 30 years. Here’s our analysts’ rapid response to the oil price crash. Look out for more detailed analysis in the days and weeks to come.

The Edge

What’s driving the upstream revival in Southeast Asia?

19 September 2024

Four reasons the industry has started to invest again.

Featured

How the worst oil price crash in history changed the upstream industry

24 June 2020

The oil price crash has wiped US$1.6 trillion off our valuation of the global upstream industry. This captures the impact of our downgraded long-term Brent price assumption – now US$50/bbl (2020 terms), previously US$60/bbl – and much more. Which regions and players have been hit hardest? What measures have been taken to survive?

Comment

Deeper OPEC+ supply cuts sends supportive signal to markets

06 December 2019

After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.

Comment

Supply outlook tightens as OPEC+ prepares to meet

01 July 2021

As OPEC+ meets on 1 July, oil prices are supported by tightening oil market fundamentals for the second half of 2021. Global natural resources consultancy Wood Mackenzie forecasts total oil demand to rise 5.9 million barrels per day (b/d) year-on-year for 2021.

Horizons

Conflicts of interest: the cost of investing in the energy transition in a high interest-rate era

18 April 2024

In this April edition of Horizons, we assess the cost of investing in the energy transition in a high-interest-rate era.

The Edge

No country for oil men (and women)

30 January 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.

News Release

New pipeline needed to meet surge in demand for Permian crude

08 July 2019

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.

News Release

OPEC+ maintains production plan

27 April 2021

OPEC+ is, as expected, holding firm to its decision to increase supply, gradually and carefully, over the coming months.

News Release

OPEC+ aims for balance as it rolls over output curbs

02 July 2019

Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

The Edge

Identifying key risks and uncertainties in 2020

17 December 2019

Energy markets are in the midst of profound change – we're getting used to that. But what big, identifiable key risks might lurk in the shadows in the next 12 months that could make us change our view for 2020 and beyond? Here are five.

Editorial

How will peak oil demand affect the upstream industry?

20 October 2017

With the world now considering a structural decline in oil demand, will upstream interest and investment in exploration be reduced?

Opinion

Taking the power back

13 September 2023

Billions of barrels of undeveloped hydrocarbons are being left on the shelf, but these old discoveries could be crucial to plugging the supply gap.

News Release

Corpus Christi set to be top U.S. crude export hub

11 June 2019

The Texas port of Corpus Christi is set to emerge as the top crude oil export hub in the US over the next decade, reflecting major investments in shipping facilities and pipeline infrastructure, according to new research from Wood Mackenzie's North America Crude Markets Service.

Editorial

Centennial Resource Development acquires Permian acreage

01 April 2017

Our team assesses Centennial Resource Development's recent acquisition and what it means for its portfolio.

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Search results: 1417

Offshore CCS projects could breathe new life into Gulf of Mexico

How do the Majors stack up in the Lower 48?

Our top five takeaway messages from the CCUS conference 2023

What changed energy markets in the 2010s?

Threats to oil supplies show the limits of US production growth

Hess sells Shenzi stake to BHP in US$505m deal

OPEC gets to eat the Permian’s lunch

Can conventional oil projects compete with L48 oil?

Seven days that shook the world

Shell takes a hit from the coronavirus downturn

What would an EU carbon border adjustment mechanism mean?

US oil production growth is stalling

Have we passed ‘peak growth’ for tight oil?

Chrysaor seals North Sea top spot with reverse takeover of Premier Oil

COP28: Middle East could play a key role in decarbonising global economy

Oil price crash: 3 things you need to know today

What’s driving the upstream revival in Southeast Asia?

How the worst oil price crash in history changed the upstream industry

Deeper OPEC+ supply cuts sends supportive signal to markets

Supply outlook tightens as OPEC+ prepares to meet

Conflicts of interest: the cost of investing in the energy transition in a high interest-rate era

No country for oil men (and women)

New pipeline needed to meet surge in demand for Permian crude

OPEC+ maintains production plan

OPEC+ aims for balance as it rolls over output curbs

Identifying key risks and uncertainties in 2020

How will peak oil demand affect the upstream industry?

Taking the power back

Corpus Christi set to be top U.S. crude export hub

Centennial Resource Development acquires Permian acreage

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