M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

The Majors’ gambit to lure investors from the tech sector

• 09 3月 2017

Fresh from a dismal round of Q4 2016 earnings, replete with weak earnings and balance sheet write downs, come new, raised growth targets from a number of the industry’s biggest players.

Global Gas Service

Global gas outlooks and insight to build a strategic view of the market

How the US sets global oil and gas prices

• 27 6月 2017

Tight oil and shale gas, through LNG exports to Europe, are likely to be cap and collar in their respective markets for the next few years – tight oil setting the ceiling price, US gas the floor.

Managing for margin: a new way for upstream or back to basics

• 06 10月 2016

It’s a good sound bite at a time of low prices and high uncertainty, and a reassuring message to investors about risk appetite, but what does ‘managing for margin’ really mean?

Five risks to global oil demand

• 30 6月 2017

Global oil demand is in for a year of strong growth in 2017 but we expect growth to decelerate next year. Our experts explain how minor changes in the market and operating environment could bring major implications for price. Understand the five factors which we believe will have the biggest impact on our demand outlook to 2018.

2035: The evolution of a global gas market

• 14 4月 2017

Assess the shifting supply and demand dynamics that will foster the growth of the international gas trade.

China retaliates with tariffs on $34 billion worth of US goods

• 18 6月 2018

Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.

Major LNG buyers' uncontracted demand to quadruple by 2030

• 13 12月 2018

Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.

OPEC and Russia agree output deal

• 07 12月 2018

OPEC and its allies agreed a 1.2 million barrel per day cut after two days of tense meetings in Vienna.

Medco Energi's potential takeover of UK-listed Ophir Energy

• 02 1月 2019

On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.

Will Asia-Pacific's O&G sector join the global recovery in 2019?

• 14 1月 2019

Will rising demand, new exploration activity and a refresh of government policy bring renewed confidence in Asia-Pacific's upstream industry in 2019? Wood Mackenzie's research director Andrew Harwood shares his thoughts.

Outlook sluggish for upstream M&A

• 21 1月 2019

Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.

Brent set to average $65/b in 2019

• 21 1月 2019

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the volatility, with political uncertainty compounding concerns of a sharper than expected economic slowdown. What's the outlook for 2019?

India commissions first east coast LNG terminal

• 07 3月 2019

India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

• 07 5月 2019

Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in on what this means for the different sectors.

Angry tweets, a new long march and an escalating trade war

• 12 6月 2019

In the latest APAC Energy Buzz, Wood Mackenzie's Asia Pacific Vice Chair, Gavin Thompson, shares the implications of the ongoing US-China trade disputes on the energy sector.

OPEC+ aims for balance as it rolls over output curbs

• 02 7月 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."

Webinar | Brazil 2019 licensing bonanza: offering up pre-salt blocks

• 13 11月 2019

This particular webinar topic covered the highly awaited exploration bid rounds over the pre-salt blocks on offer in Brazil. On October 16th, our experts shared their perspectives and discussed the licensing bonanza comprising of three rounds scheduled within a month of each other.

Santos to acquire ConocoPhillips northern Australian assets

• 14 10月 2019

Santos announced today its plans to acquire ConocoPhillips’s northern Australian portfolio. This is a logical and attractive transaction for a number of reasons.

Total expands partnership with Adani on India's gas market

• 14 10月 2019

Total announced today its partnership with Adani Group which includes two LNG terminals, Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.

Webinar | The Transformation of North America Power & Renewables Markets

• 05 12月 2019

The future course of North America Power & Renewable markets is being molded by an ongoing transformation of the energy industry. The sector now serves as the central conduit to decarbonize the energy sector via electrification of fossil-based technology sources like transport and large scale renewable use for power generation. Register to join Wood Mackenzie’s power analysts on Thursday, December 5 at 10 a.m. CT for a discussion on key themes shaping the industry in the near and long-term, including: • Transitioning from fossil fuels to renewable energy • The declining costs of renewable energy and battery storage technologies • The energy transition between coal and natural gas • Is the shift away from traditional baseload supply straining the existing generation fleet? • As coal retires in PJM, why aren’t renewables filling the vacuum?

JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020

• 21 11月 2019

Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the price of sour crudes such as those composing the JCC mix. The IMO 2020 kicks in on 1st January 2020.

OPEC+ set to make its choice

• 05 12月 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.”

Deeper OPEC+ supply cuts sends supportive signal to markets

• 06 12月 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.

Asia Pacific gas and LNG - 6 themes to watch in 2020

• 13 1月 2020

Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020.

US and China sign Phase One trade deal

• 16 1月 2020

Wood Mackenzie's Gavin Thompson provides a commentary on the US-China Phase One trade deal

China’s demand drops for first time since 2009 as coronavirus hits oil markets

• 04 2月 2020

The near-term impact of the coronavirus outbreak on oil demand remains uncertain as much depends upon when and how China’s manufacturing industry restarts after the currently extended Lunar New Year public holiday.

Webinar | Appalachian players under stress: The impact of low gas prices on Marcellus portfolios

• 25 2月 2020

During the webinar, Wood Mackenzie experts discussed: 1. Of the pure plays (ex: Cabot), who looks best positioned to weather low prices in the long-term? 2. Hedging portfolios: How much time do they have? 3. Debt: Who is most at risk of breaching a covenant in 2020 in the Appalachia and how do maturities factor in? 4. What actions can operators work towards in the near-term to address these issues?

OPEC+ ‘no deal’ a blow to the market

• 06 3月 2020

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