Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

• 14 diciembre 2017

2018 looks set to be a brighter year for upstream oil and gas companies

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.

Exploration’s back in the black

• 04 febrero 2019

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

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.

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.

Jebel Ali gas find ‘largest since 2005’

• 03 febrero 2020

The announcement of an 80 trillion cubic feet (tcf) find at Jebel Ali, on the border between Abu Dhabi and Dubai, is hugely significant for the United Arab Emirates. Liam Yates, an analyst on Wood Mackenzie’s Middle East upstream team, said: “The find ranks as the largest global gas discovery since Galkynysh (South Iolotan). The Turkmen field was discovered in 2005."

Qatar Petroleum plans new world-scale ethane cracker

• 14 mayo 2018

Qatar Petroleum (QP) recently announced it has invited a group of leading international companies with extensive experience in the petrochemical industry to submit proposals for partnering with QP in the development and operation of a new world-scale petrochemicals complex at Ras Laffan Industrial City. If completed, how will it fit into Qatar’s existing ethylene asset portfolio?

Oil markets - OPEC restraint needs to stretch into 2018. A supply glut lurks just below the surface.

• 22 marzo 2017

Why have oil prices come under renewed downward pressure? Our Macro Oils team, led by Ed Rawle, sees three main reasons.

OPEC underpins oil markets into 2018 - green light for tight oil growth

• 29 mayo 2017

The firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year. Three main aspects of the decision stand out.

For a few dollars more – OPEC’s shifting stance

• 13 octubre 2016

OPEC’s plan for production cuts signals a desire to support prices, even if the battle to wrest control of the market seems barely half won.

5 reasons for Iraq's slow oil production growth

• 15 septiembre 2017

We have identified 10 commercial, technical, political and security constraints on Iraq's production growth, and we discuss five of them here.

Can the Middle East and Africa become a global leader in renewable energy?

• 03 diciembre 2024

Total renewables capacity in the region is set to grow by 750% over the next 10 years.

Preparing for ADIPEC 2024: 3 crucial questions answered

• 25 octubre 2024

ADIPEC will take place from 4-7 November in Abu Dhabi. The event will focus on the role of energy in driving a comprehensive transformation that benefits people, the planet, and our collective prosperity.

The new wave of internationalising NOCs

• 04 junio 2019

Oil and gas producing giants, Rosneft, Saudi Aramco and Qatar Petroleum, broaden their growth options with new international investments. Get Simon's analysis of what's driving the trio's moves.

Middle East leads the pack in 2018 FID bonanza

• 15 abril 2019

11 projects sanctioned in the Middle East as producers look to take advantage of the lower cost environment. What’s behind the boom?

How the big Gulf producers are investing in 2019

• 15 enero 2019

What are the upstream investment strategies of big Gulf producers? And how much are they spending? Find out here. With analysis from Simon Flowers and Jessica Brewer.

OPEC extends production cuts through 2018

• 30 noviembre 2017

A 9-month extension to the current OPEC agreement will help sustain prices in a global market that's still uneasy going into 2018.

Global upstream oil and gas: new challenges ahead in 2021

• 19 enero 2021

What does 2021 hold for the global upstream oil and gas industry? It will be a year of uncertainty and contingency – but resilience and recovery are also key themes.

OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

• 05 marzo 2020

The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

US$210bn of new spend in firing line as players target cost cuts

• 02 abril 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

Saudi Arabia’s May 2020 OSPs for crude exports bode well for Asian refiners

• 16 abril 2020

Looking at the May OSPs, it is clear that Saudi Arabia wants to ensure its crude remains very competitive in Asia.

Power Market Fundamentals

Our power solutions combine multi-commodity data, proprietary cost intelligence, asset-level data, unique geospatial capabilities, and market fundamentals to help discover new opportunities while assessing risk.

Energy transition outlook: Middle East

• 18 febrero 2025

Energy transition progress slows in our latest update – but uncertainty around pace and duration pushes the Middle East to prioritise resiliency.

Middle East and North Africa upstream: 5 things to look for in 2025

• 07 enero 2025

From the impact of 'Trump 2.0' to increased supply chain pressure, deepening gas deficits in Iraq, Iran and Egypt and exploration highlights.

Why is Ruwais LNG an attractive position for the selected partners?

• 12 julio 2024

On 10 June, it was confirmed that BP, Mitsui &Co, Shell and TotalEnergies will take a 10% stake in Ruwais LNG. ADNOC will retain a 60% stake and serve as the lead developer and the operator.

COP28: A nuclear COP?

• 11 diciembre 2023

Join Ed Crooks and Henri Paillere as they dissect the global nuclear industry's current state and the implications of governments aiming to triple nuclear power capacity by 2050. Special insights from Reta Lewis on US Small Modular Reactors (SMRs) and Dr Sama Bilbao y Leon on the future of nuclear energy.

Webinar | Investing in Africa's energy transition

• 25 septiembre 2024

Join Wood Mackenzie as we explore investing opportunities in Africa's energy transition

Webinar | The big trends in upstream oil & gas

• 02 mayo 2023

From upstream investment to oil production growth, we will be exploring the upcoming big trends set to shape the global upstream market.

Webinar | North America Power | Post IRA Adoption

• 29 septiembre 2023

Our North America Power experts share what challenges and opportunities are arising since the passage of the IRA.

Webinar | Sub-Saharan Africa's response to low prices and coronavirus

• 13 mayo 2020

Join Wood Mackenzie's Sub-Saharan African upstream team for its analysis on the fall-out from the oil price crash and the coronavirus pandemic. We will cover: • Not out of the woods yet: the impact of coronavirus in Sub-Saharan Africa • Before and after 9 March: Sub-Saharan Africa investment and production outlook • Cut, cut, cut: which projects are delayed in 2020/21? • What does it mean for the majors in Sub-Saharan Africa? • What can governments do to fight capital flight? A 20-minute presentation will be followed by a Q&A session with our expert panelists.