What are the biggest upstream opportunities in the Americas this year? And what are the largest offsetting risks and challenges? Improving sentiment comes at a time of high geopolitical tensions and change. Under it all, near-term price weakness may belie longer-term market strength. There's a lot to unpack and Americas is central to the global upstream dynamic. What will set Latin America, Canada, US GoM and the Lower 48 apart in 2025?
On the Thursday 13th February our experts will be discussing:
- US GoM: meets the 2 million barrel per day production milestone. Why might 2025 be deepwater’s most lucrative year yet, and what – if anything – could derail it?
- Canada: LNG will be coming to the forefront in 2025. Is LNG Canada Phase 1 enough to undo two years of suppressed natural gas prices and restore curtailed production? What impact might tariffs play?
- Lower 48: should see record M&A pause. There are fewer large and motivated sellers, and recent buyers are focusing on capturing full synergy value rather than bidding up another purchase.
- Latin America: can expect production in Guyana to keep growing with a new FPSO start-up. And after a quieter year for regional exploration in 2024, drilling campaigns are expected to heat up again.
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Xin Yi Dong
Research Analyst, Upstream
Xin primarily covers Canada and Alaska upstream.
Latest articles by Xin
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Amanda Bandeira
Research Analyst, Latin America Upstream
Amanda is an expert in valuing individual upstream onshore and offshore assets in the Latin America region.
Latest articles by Amanda
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The Edge
Delaying deepwater decommissioning
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Opinion
Deepwater decommissioning: three key things to know
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Opinion
Petrobras kicks off Marlim revitalisation project in Brazil

Lydia Walker
Research Analyst, Upstream
Lydia is an upstream analyst on Wood Mackenzie's Lower 48 research team
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James Blackwood
Research Analyst, Upstream
James joined Wood Mackenzie in 2023 supporting research on the US Gulf of Mexico
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