Can upstream cost savings stick?

• 15 diciembre 2017

The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

Australasia - Five themes to look out for in 2019

• 19 diciembre 2018

As 2018 draws to a close, Wood Mackenzie's experts discusses five key themes to look out for in Australasia's oil and gas industry in 2019.

Chevron loses second major production asset in South East Asia

• 13 diciembre 2018

Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.

US sanctions increase pressure on Venezuela

• 30 enero 2019

The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

Aramco's $10bn bond underscores its vast global ambitions

• 01 abril 2019

Saudi Aramco’s decision to issue a $10 billion bond underscores how serious the company is about transforming itself into an international powerhouse across the oil and gas value chain, from upstream to petrochemicals.

BP to exit China shale gas

• 12 abril 2019

In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

Asia Pacific's solar-plus-storage could see key developments in next five years

• 14 mayo 2019

In a recently published report, Wood Mackenzie projects solar-plus-storage prices or levelised cost of electricity (LCOE) for both utility-scale and distributed commercial & industrial (C&I) segments to decline considerably over the next five years.

Major policy changes in China to drive long-term solar installation growth

• 14 mayo 2019

The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.

OPEC+ set for rollover but risk clouds supply outlook

• 30 junio 2019

As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

Attack on Saudi Arabia's oil facilities

• 16 septiembre 2019

This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

Featured Reports

• 09 agosto 2018

We're highlighting our most popular reports. Gain instant access to detailed data — by the numbers and with visualisation — to address business challenges and make better, more strategic decisions.

What does the US-China trade deal mean for refiners - and for the market?

• 20 enero 2020

After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

What if the energy transition accelerates?

• 14 noviembre 2018

What if the energy transition accelerates? And what that could mean for renewables, coal, oil, gas and emissions. Simon Flowers investigates.

When, why and how is the global energy transition going to happen?

• 16 octubre 2018

When, why and how is the great fuel switch going to happen? The great energy transition is already underway - we do the maths.

OPEC remains key to price recovery through 2040

• 16 julio 2018

Despite record-breaking gains in the Permian, strong demand growth and heightened geopolitical risk pushed Brent to USD80/bbl in May. For the market to truly rebalance, OPEC will remain key to price recovery over the short to medium term.

OPEC opts for clever compromise – and a show of unity

• 22 junio 2018

Focusing on market fundamentals, we look at the impact of three possible options for OPEC and co-operating non-OPEC producers.

Electric Vehicles – transportation disruptor, part 2

• 31 julio 2018

We explored how the market for EVs might develop in Part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.

How can governments introduce more competitive fiscal terms?

• 23 agosto 2017

With capital scarce, terms must be attractive to win new investment.

Macroeconomics

Understand the interplay between commodities and the economy with macroeconomics analysis to help forecast the pace of global economic development to 2035.

Dividends or growth – Big Oil’s dilemma

• 27 julio 2017

The industry is adapting to low oil prices. But can upstream grow in this environment? The question is a profound one, the answer in reality more about sustaining the business and maximising returns rather than pursuing growth.

Taking a closer look at Trump's blueprint for US energy

• 27 enero 2017

Our analysts take an early look at the expected resolution and implications of key policies spanning oils and refining, gas, and coal.

‘Lower for longer’ oil prices, industry finances and growth

• 03 marzo 2017

Our Corporate Analysis team, led by Tom Ellacott, shows that for the 60 companies we cover in depth, net debt has increased by 22% or US$142bn since 2014.

Conventional exploration – playing devil’s advocate

• 06 junio 2017

Andrew Latham, our Head of Exploration Research, has built a global creaming curve for conventional exploration outside the USL48. Three themes stand out.

There’s finance galore – but only for the right upstream growth strategies

• 29 septiembre 2016

According to Chief Analyst Simon Flowers, there is finance galore for those with the right growth story. For the rest, slim pickings.

Resetting the oil and gas industry’s structural cost base – the same old song?

• 31 octubre 2016

The industry needs to keep its foot on the pedal and effect a structural reset before the opportunity is lost, with signs that the down cycle may be bottoming out.

Upstream growth back on the agenda: the M&A ‘barometer’ is signalling better climes ahead

• 23 enero 2017

A strengthening flow of deals is a clear indicator that the M&A market is getting back to business as usual, and companies are starting to think of growth again.

Trump Administration: the first 100 days

• 27 abril 2017

Hear Verisk Maplecroft review Trump's first 100 days in office. What geopolitical risks have we seen? Will domestic stalemates force emphasis on foreign policy? Jimena Blanco and Paul McConnell discuss the risks, rewards and repercussions.

US COP21 withdrawal: Is this actually a step forward?

• 02 junio 2017

On 01 June 2017, President Trump took the first step on the road to reconsidering the best way to meet our climate challenges.

2035: a new global powerhouse emerges

• 13 abril 2017

Move over China. Rising incomes, population growth and industrialisation are fuelling a period of rapid, sustained growth in India's energy demand that could reshape the global scene.

Back to the future

• 03 octubre 2017

Back to the future: as oil prices move will fiscal terms follow?