• News Release

  Majors dig deep as Brazil's PSC Round 4 sets record

  • 07 6月 2018

  On 7 June 2018, Brazil held its fourth pre-salt auction, just eight months after the highly competitive second and third pre-salt rounds. US$818 million was collected in signature bonuses, the outcome was yet another big success for Brazil. With the successful conclusion of five licensing rounds in the span of less than a year, and a fifth PSC Round set for September 2018, interest in Brazil's upstream sector continues to be very strong.

• Editorial

  Australasia - Five themes to look out for in 2019

  • 19 12月 2018

  As 2018 draws to a close, Wood Mackenzie's experts discusses five key themes to look out for in Australasia's oil and gas industry in 2019.

• Comment

  Chevron loses second major production asset in South East Asia

  • 13 12月 2018

  Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.

• Comment

  US sanctions increase pressure on Venezuela

  • 30 1月 2019

  The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

• Comment

  New opportunity in UK North Sea with Greater Buchan Area round

  • 31 1月 2019

  The Oil & Gas Authority's (OGA) decision to launch the 31st supplementary offshore licensing round, focusing on the Greater Buchan Area offers a material opportunity for players active in the UK North Sea

• News Release

  Exploration’s back in the black

  • 04 2月 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.

• Comment

  Repsol-led consortium makes significant gas discovery in Indonesia

  • 18 2月 2019

  Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in the country, Wood Mackenzie's research director Andrew Harwood provides a commentary.

• News Release

  US independents balance the books

  • 14 2月 2019

  The Lower 48 E&P sector is under pressure from investors demanding greater capital discipline, positive free cash flow and increasing returns. There’s a tug-of-war between value and volume, and value has emerged as the winner. The Lower 48’s independents, who traditionally pursued growth at all costs, must now rein in their impulses and focus on delivering returns to their shareholders. How does this affect their 2019 spending plans, and how do they manage volatile oil prices?

• Comment

  Aramco's $10bn bond underscores its vast global ambitions

  • 01 4月 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.

• Comment

  Chrysaor snaps up ConocoPhillips' North Sea assets in US$2.7bn deal

  • 18 4月 2019

  Chrysaor on 18 April 2019 agreed to buy ConocoPhillips’ North Sea assets in a US$2.7 billion deal. The purchase will make Chrysaor the top producer in the UK in 2019 and keep it among the UK's largest producers for the next few years.

• Comment

  Majors step up to bid on Argentina offshore acreage

  • 17 4月 2019

  Argentina's first national offshore licensing round attracted the interest of the Majors, and resulted in winning bids totalling US$718.28 million.

• Comment

  BP to exit China shale gas

  • 12 4月 2019

  In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

• Comment

  Delek makes splash with US$965m deepwater Gulf of Mexico deal

  • 12 4月 2019

  Delek Group has bought Shell's stake in the Caesar-Tonga field, in the deepwater Gulf of Mexico

• Webinar

  Webinar: IMO 2020 impact on upstream producers, LNG and bulks

  • 07 5月 2019

  Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

• Comment

  Oxy tables US$38bn rival bid for Anadarko

  • 24 4月 2019

  Occidental Petroleum today put forward a rival bid to acquire Anadarko Petroleum for US$38 billion, surpassing Chevron's US$33 billion offer earlier this month.

• Webinar

  Webinar | Core vs. non-core acreage performance

  • 22 5月 2019

  Join our upcoming webinar and learn more about how geology impacts well performance. Wood Mackenzie's US Lower 48 analysts demonstrate how our integrated analysis of subsurface and production data improves decision making.

• Comment

  Delek in US$2bn swoop on Chevron’s North Sea assets

  • 30 5月 2019

  Israel’s Delek Group confirmed today that it will buy US major Chevron’s North Sea assets in a US$2 billion deal.

• News Release

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

  • 28 5月 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

• Webinar

  Webinar | Permian M&A

  • 30 5月 2019

  Stream our webinar on demand and learn more about recent mergers in the Permian and which companies look most attractive to acquire right now.

• News Release

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

  • 11 6月 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 6月 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 6月 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 6月 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 6月 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 6月 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.

• Webinar

  Webinar | The deepwater recovery: are we entering a new cycle?

  • 18 7月 2019

  Please join the Upstream Supply Chain team's upcoming webinar to hear the latest forecasts and trends driving the offshore oil and gas market.

• Comment

  Abadi LNG gets greenlight for revised Plan of Development

  • 15 7月 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 7月 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

  Produced water poses growing risk to Permian production growth

  • 24 7月 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 7月 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.