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Comstock takes Haynesville lead with US$2.2bn Covey Park deal

11 June 2019

Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.

News Release

European gas storage plans for 2023 still stand despite cold snap

14 December 2022

Colder temperatures across Europe have increased month-on-month heating demand by 20% in December, but behavioural change in households and services means the amount of gas used in these sectors is 16% lower than previous average consumption patterns for similar temperatures says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Opinion

Gas resources in Latin America: the challenges to development

03 May 2023

Natural gas demand is on the rise in Latin America – the region will need to maximise its gas supply to counter production decline in some countries.

Opinion

What does the Glasgow Climate Pact mean for Asia’s energy companies?

25 November 2021

Much has been discussed on the implications of the Glasgow Climate Pact for the global economy and energy markets. And while measurable progress has been made in each field, there is no denying much work remains to be done.

Comment

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

10 July 2019

French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

Editorial

A timeline of major events in Ukraine-Russia gas relations

20 December 2019

The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. We reflect on major events in Ukraine-Russia gas relations in this timeline, 2000 to 2019.

Comment

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

13 August 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

Featured

Exploration’s future in a low-cost, low-carbon world

01 July 2020

The world will rely on oil and gas for much of its energy needs until well beyond 2040. Exploration will be critical in meeting this future demand. Yet exploration is widely perceived as discretionary, even unwarranted. Read on to learn more about exploration’s surprising role in a low carbon future.

Webinar

Webinar | Sub-Saharan Africa Upstream

14 February 2024

After three years of decline, oil and gas production is growing again across Sub-Saharan Africa. Traditional oil producers Nigeria and Angola are increasing investment and activity. Angola's exit from OPEC is a statement of its ambition. Elsewhere, growth projects are progressing in Senegal/Mauritania, Cote d'Ivoire, Namibia and Mozambique. Join our experts on Wednesday 14th February where they will discuss two recent reports - 'Sub-Saharan Africa upstream: 2023 in review' and '5 things to look for in 2024'. A main presentation will be followed by Q&A.

News Release

North Sea to remain global hotspot in 2020

09 January 2020

It will be a noteworthy year for the North Sea – companies will increase production for the first time since 2017 and the outlook for both exploration and investment is looking healthy. The region will remain a global hotspot for deals as the corporate landscape continues to evolve. Crucially, the North Sea will also see major steps towards decarbonisation.

Comment

Trans Adriatic Pipeline (TAP) completes Europe’s Southern Gas Corridor

16 November 2020

The commissioning of the Trans Adriatic Pipeline's (TAP) initial 10 bcm per year capacity follows four and a half years of construction, EUR4.5 billion of capex and a variety of obstacles – especially in Italy, where the pipeline ends.

News Release

CCUS planned capacity nearing 1 billion tonnes per annum

26 August 2022

US Inflation Reduction Act bill set to boost CCUS uptake but more is needed to meet net zero goals by 2050

The Edge

Why oil price recovery has further to run

05 June 2020

Will the effect of coronavirus be more lasting for demand or supply? Will the oil price be lower-for-longer? Or, if demand recovers, could the sharp reduction in upstream investment lead to a tighter market and higher prices? Find out more in this week's Edge.

Opinion

2020: the new oil sector supplier crunch bites

14 April 2020

The 2020 oil price crash is very different from the 2015 crash. Supply chain leaders will need to consider their contingency plans.

Editorial

Is E&P distress in the Lower 48 spreading to the midstream sector?

01 June 2020

Listen to a recent webinar where our Lower 48 oil and gas analysts discuss financial health in the tight oil sector and ask which companies are at risk.

News Release

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

28 October 2022

Scope 3 emissions account for 80-to-95% of total carbon emissions from oil and gas companies. But only a small number of these firms have set Scope 3 net zero ambitions, according to a recent report from Wood Mackenzie.

Opinion

Can ExxonMobil make attractive returns from its US CCUS portfolio?

21 June 2024

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

The Edge

What’s on the minds of CEOs?

07 October 2021

A host of senior leaders joined our virtual Global Energy Summit last week to discuss the commodity supercycle, investment, business models and net zero

Featured

Could Big Energy and miners join forces to deliver a faster transition?

23 May 2022

Could extractive companies co-invest or combine with oil and gas Majors to help unlock the energy transition?

Opinion

Counting carbon: how to set oil and gas industry emissions targets

13 April 2021

Oil and gas firms are increasingly committing to emissions-reduction goals, but their scope and methodologies vary. How can the industry set standardised, meaningful targets that support the energy transition and enable investors to assess risk?

Comment

ExxonMobil and QP land a giant with Glaucus

28 February 2019

ExxonMobil and partner Qatar Petroleum today announced they made a major gas find with the Glaucus-1 well, drilled offshore Cyprus. “Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. He added: “It will be one of the biggest discoveries of the year."

The Edge

Financing the next phase of Africa’s oil and gas development

19 October 2023

Access to capital the biggest obstacle for local players

Opinion

Notes from URTeC and our views on development cubes and in-basin sand

26 August 2019

Listen to the latest episode of Crude For Thought: Notes from URTeC and our views on development cubes and in-basin sand

Opinion

Oil producers cautious as recovery hopes rise

20 November 2020

Good news on Covid-19 vaccines points to a rebound next year, but there are still some difficult months ahead

News Release

East Coast gas prices could rise 30 percent in five years

25 May 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.

Webinar

Webinar | Middle East and North Africa Upstream

20 February 2024

2023 was a year in which the Middle East and North Africa (MENA) region consolidated 2022’s gains. 2024 heralds much uncertainty: an expansion of OPEC quotas will impact short term oil production across the region while capacity expansion continues apace.

Opinion

US oil demand on course for long, slow decline

10 February 2023

President Biden's state of the union speech focused on the future need for oil and the future of investment

News Release

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

16 June 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.

Editorial

Natural gas prices enter extreme negative territory in the Permian

12 June 2019

The Permian natural gas spot price continues to enter new frontiers in 2019. The pipeline constraints that sparked extreme negative Permian daily prices first appeared in late March and early April.

Featured

Global upstream: 5 things to look out for in 2019

11 January 2019

The global upstream fundamentals for 2019 are encouraging, despite recent price volatility. Angus Rodgers explains why in this look ahead at five big themes in upstream oil and gas in 2019.

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Search results: 1417

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

European gas storage plans for 2023 still stand despite cold snap

Gas resources in Latin America: the challenges to development

What does the Glasgow Climate Pact mean for Asia’s energy companies?

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

A timeline of major events in Ukraine-Russia gas relations

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

Exploration’s future in a low-cost, low-carbon world

Webinar | Sub-Saharan Africa Upstream

North Sea to remain global hotspot in 2020

Trans Adriatic Pipeline (TAP) completes Europe’s Southern Gas Corridor

CCUS planned capacity nearing 1 billion tonnes per annum

Why oil price recovery has further to run

2020: the new oil sector supplier crunch bites

Is E&P distress in the Lower 48 spreading to the midstream sector?

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

Can ExxonMobil make attractive returns from its US CCUS portfolio?

What’s on the minds of CEOs?

Could Big Energy and miners join forces to deliver a faster transition?

Counting carbon: how to set oil and gas industry emissions targets

ExxonMobil and QP land a giant with Glaucus

Financing the next phase of Africa’s oil and gas development

Notes from URTeC and our views on development cubes and in-basin sand

Oil producers cautious as recovery hopes rise

East Coast gas prices could rise 30 percent in five years

Webinar | Middle East and North Africa Upstream

US oil demand on course for long, slow decline

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

Natural gas prices enter extreme negative territory in the Permian

Global upstream: 5 things to look out for in 2019

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