• News Release

  Australia's next wave of LNG projects needs to compete to progress

  • 28 mayo 2019

  According to research by Wood Mackenzie, a second wave of LNG investments is building, both in Australia and globally, and these projects need to compete to progress

• News Release

  Total brings Culzean on stream, ahead of time and under budget

  • 11 junio 2019

  French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

• Opinion

  Renewables, market intervention and exploration – three themes weighing on Australia upstream players' minds

  • 13 junio 2019

  Having attended many APPEA events in the past, this was the first time renewable energy sources - hydrogen in particular - were put under the spotlight.

• News Release

  Argentina LNG exports positioned to meet peak demand in Asia

  • 13 junio 2019

  Rising natural gas production in Argentina, coupled with competitive global LNG transportation costs, is expected to position the country as an emerging source of gas supply to Asia during peak demand periods, according to new research from Wood Mackenzie.

• News Release

  Mozambique LNG under starter’s orders

  • 18 junio 2019

  US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa). Feedgas comes from the Golfinho/Atum field, in Offshore Area 1.

• News Release

  Malaysia offers significant gas opportunities

  • 24 junio 2019

  According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

• News Release

  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.

• Comment

  Abadi LNG gets greenlight for revised Plan of Development

  • 15 julio 2019

  The Government of Indonesia has approved the revised Plan of Development for the Abadi LNG project. INPEX (operator, 65%) and Shell (35%) will develop Abadi via an offshore production facility and a 9.5 million tonnes per annum (mmpta) onshore LNG plant, at an estimated cost of US$20 billion.

• News Release

  Faster decline rates prompt Permian players to eye spending boost

  • 22 julio 2019

  Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Japan to lose top LNG importer position to China by 2022

  • 23 julio 2019

  According to a new report by Wood Mackenzie, Japan could lose its pole position as the world’s top LNG importer to China as early as 2022.

• News Release

  Produced water poses growing risk to Permian production growth

  • 24 julio 2019

  Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian basin, Ryan Duman, Senior Analyst, Lower 48, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Permian midstream bottlenecks may choke output

  • 24 julio 2019

  Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure and placing increasing slowdown pressure on other production streams like crude oil and natural gas liquids (NGLs), Dr Eugene Kim, Research Director, Americas Gas, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Permian operators cash in ... by thinking inside the box

  • 21 agosto 2019

  As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.

• Comment

  Lift off as Sputnik partners hit oil

  • 20 agosto 2019

  Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.

• News Release

  China’s gas production to double to 325 bcm in 2040

  • 28 agosto 2019

  Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.

• Opinion

  M&A shake-up on the horizon for the Australian upstream sector

  • 29 agosto 2019

  We’ve identified a potential US$32 billion worth of assets that could change hands in the next few years. Many of these deals are long in the planning and reflect wider trends in the Australian and global upstream sectors. We’ve bucketed our pick of the deals into three key themes.

• Opinion

  Southeast Asian NOCs show growing appetite in global M&A market

  • 02 septiembre 2019

  I’ll bet that if you ask anyone with an interest in the global upstream M&A if they could name the top three spenders through the first half of 2019, they would struggle to name the third. The easy one is Occidental (Anadarko), second place is Total through its acquisition of Anadarko’s African assets. But who was the third largest acquirer by spend in H1 2019?

• Comment

  ExxonMobil to sell upstream assets in Gippsland Basin

  • 18 septiembre 2019

  ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market.

• Comment

  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.

• Comment

  Japan to invest additional $10 billion in global LNG infrastructure projects

  • 26 septiembre 2019

  Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

• Comment

  ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

  • 27 septiembre 2019

  ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.

• Comment

  Brazil licensing round sets record as Majors eye November's prizes

  • 10 octubre 2019

  Brazil's Licensing Round 16 set a record – the BRL 8.9 billion (US$2.2 billion) in signature bonuses is the highest yet for a Brazilian round. Of the 36 blocks on offer, 12 were awarded, all in the prolific offshore Campos and Santos basins. Malaysia’s Petronas, Qatar’s QPI, Spanish producer Repsol and the US’ Chevron all bid high. QPI and Petronas were the biggest spenders of the day, as well as Petrobras. Only Campos and Santos basin blocks were awarded, with frontier acreage failing to attract interest.

• News Release

  China’s pipeline reform: expect higher gas prices in the short-term

  • 09 octubre 2019

  New research from Wood Mackenzie indicates that the creation of a national pipeline company in China is a step in the right direction but will result in higher end-user prices in the short-term as the country tries to balance institutional reform with implementation risks.

• Content

  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.

• Comment

  Majors cautious as Petrobras takes prize in Brazil’s TOR round

  • 06 noviembre 2019

  Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks.

• Comment

  European Investment Bank to cease funding fossil fuel projects

  • 15 noviembre 2019

  The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.

• News Release

  Australia’s east coast gas prices to bottom out over next two years

  • 20 noviembre 2019

  In the latest Australia east coast gas market research, Wood Mackenzie projects that the LNG netback price for Australia’s east coast could bottom out to A$6.50 – A$9 per gigajoule (GJ) over the next two years.

• Comment

  Talos shells out US$640m for Gulf of Mexico assets

  • 12 diciembre 2019

  Talos Energy, in its pursuit of growth in the US Gulf of Mexico, has announced a series of purchases, worth $640 million assets in the region

• News Release

  Increased uncertainty to colour upstream sector’s decision-making in 2020

  • 09 enero 2020

  The level of uncertainty and anxiety among upstream producers and supply chain has rarely been higher. In 2020, decision-making will be more heavily influenced by sentiment surrounding the energy transition, political upheaval and trade disputes than in previous years. This adds to the ever-present risks of unexpected supply-demand imbalance, niche cost inflation or a global economic downturn. What are the biggest trends to watch in the upstream oil and gas business in 2020? Fraser McKay, head of upstream analysis at Wood Mackenzie, sees five key themes.

• News Release

  Can Europe cope if Russia shuts off Ukraine gas transit?

  • 19 diciembre 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. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."