• Webinar

  Webinar: Oil price crash: navigating the impact on activity, supply chains and cost

  • 08 abril 2020

  In this webinar we bring together experts from Wood Mackenzie’s Lower 48, upstream and upstream supply chain teams as well as our sister company, Power Advocate, to discuss the impact of the oil price crash on activity levels, the service sector industry and costs.

• Webinar

  Big Oil’s impact on the transformation of offshore wind

  • 16 marzo 2021

  Join Wood Mackenzie's experts on Tuesday 16th March at 1:30pm - 2:30pm GMT, where we will review the rapid growth of the leading European oil companies in offshore wind.

• Webinar

  Webinar | European Power: Navigating the energy crisis

  • 01 noviembre 2022

  As Europe's energy crisis escalates, high power prices drive short-term actions to ease the burden on consumers while policy markers consider enduring, structural change in markets. The evolving background is very uncertain, making the dynamics of power markets challenging to navigate – how will these conditions shape power's ability to meet the challenges of the continuing energy transition?

• Webinar

  Webinar | Copper Rush: Diversify or go pure play?

  • 17 septiembre 2024

  Join our experts on 17th September 2024. for a webinar exploring how valuations, carbon footprints, and balance sheet health will shape the M&A strategies and overall corporate plans of both diversified miners and pure-play copper companies.

• Webinar

  Webinar | New frontiers Order intake by Chinese wind turbine OEMs

  • 30 septiembre 2024

  Join Wood Mackenzie as we explore the global turbine OEM order intake recent trends.

• Opinion

  Middle East and North Africa upstream: 5 things to look for in 2024

  • 10 enero 2024

  With COP28 recently completed in the UAE, there is elevated interest in progressing diverse clean energy strategies in the MENA region.

• The Edge

  Venezuela’s slump, Iran sanctions, oil prices

  • 15 mayo 2018

  Global oil supply will break through the 100 million b/d mark for the first time later this year. Producers the world over, through innovation and risk-taking, have invariably contrived to meet the unstoppable train that is demand growth.

• The Edge

  The Edge: Downstream’s role in the energy transition

  • 01 mayo 2018

  How to stay relevant? Every oil and gas company is pondering the energy transition, and how to adapt a business model that’s served well for the last century to be fit-for-purpose through the 21st and beyond.

• Editorial

  Gas mega-projects drive BP’s growth in MENA

  • 08 noviembre 2017

  MENA will constitute 38% of BP’s total production by 2025, compared to 27% currently.

• Featured

  Shifting tides of global crude oil trade: Six emerging themes

  • 05 diciembre 2018

  We've identified six key themes that will influence the global crude and refining markets in the next five years. Read on for a high level overview of these key areas.

• Featured

  Shifting tides of global crude oil trade and its impact on Asia

  • 12 diciembre 2018

  With significant changes already underway for global crude trade, what will this mean for the industry in Asia?.

• The Edge

  Could Iran sanctions see Brent spike to U.S.$100 a barrel?

  • 07 noviembre 2018

  Could Iran Sanctions See Brent Spike to U.S.$100 a barrel? The oil market faces a precarious few months. The imposition of U.S. secondary sanctions on Iranian exports on November 5 is the critical factor behind Brent’s rally to more than U.S.$80 a barrel in October. There’s enough supply to meet demand this winter, but the margin for error is worryingly narrow.

• Case Study

  Maximising the value of mining in Oman

  • 30 noviembre 2018

  Learn how our metal and mining consultants helped create a more attractive commercial environment for Oman

• Featured

  The changing global crude trade landscape

  • 28 noviembre 2018

  Over the next five to six years global crude trade is expected to significantly change. This will impact the entire chain, from producers to investors. In this three part series, we look at the global story, the six key themes and finally, we focus on the likely impacts for Asia.

• Editorial

  Qatar lifts North Field moratorium

  • 03 abril 2017

  On the eve of Gastech, Qatar has grabbed headlines with a plan to grab more long-term LNG market share.

• News Release

  Upstream companies positioned to thrive in 2019

  • 17 diciembre 2018

  Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

• News Release

  Golden Pass crests second wave of US LNG

  • 05 febrero 2019

  ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.

• News Release

  OPEC+ aims for balance as it rolls over output curbs

  • 02 julio 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."

• Comment

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

  • 10 julio 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.

• News Release

  Data consortiums signal the future of oil and gas

  • 07 agosto 2019

  Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.

• Comment

  Aramco takes slice of Reliance’s refining and petchems businesses

  • 11 agosto 2019

  Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses.

• Opinion

  Can China’s CTO and MTO industries survive the threat of massive steam cracker investment?

  • 06 septiembre 2019

  In 2019, the total ethylene capacity from CTO/MTO units reached 5.21 million tonnes per annum (Mtpa), accounting for 21% of China’s total ethylene capacity. However, CTO and MTO development has slowed due to high methanol prices and environmental controls, as well as the threat from a new wave of steam cracker investment in China.

• Comment

  Qatar eyes LNG top spot as it primes 64% output boost

  • 26 noviembre 2019

  On 25 November, Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126 million tpa by 2027 – following a successful appraisal of the North Field’s onshore extension, near Ras Laffan Industrial City.

• News Release

  OPEC+ set to make its choice

  • 05 diciembre 2019

  OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”

• Comment

  Deeper OPEC+ supply cuts sends supportive signal to markets

  • 06 diciembre 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.

• News Release

  OPEC+ ‘no deal’ a blow to the market

  • 06 marzo 2020

  The OPEC+ meeting broke up without a deal, what does it mean for the markets?

• News Release

  Oil price rout may trigger major industry shake-up

  • 10 marzo 2020

  As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.

• Comment

  Industry slashes spending as price rout deepens: Can companies cope?

  • 19 marzo 2020

  Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

• News Release

  Oil price rout: which supply is most at risk of shut-in?

  • 27 marzo 2020

  The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

• Comment

  Collapsing demand sets the terms in the OPEC+ battle for market share

  • 09 abril 2020

  Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in oil demand, especially during April and forecast for Q2 2020. No matter the size of the varying forecasts, they all point to a challenging market that puts pressure on storage space and prices.