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Opinion
The biggest topics in global upstream
- 06 March 2024
Some upstream oil and gas sectors gave us supply surprises in 2023, with some regions producing above expectations, others disappointing. What didn’t disappoint was the level of excitement around M&A, which features throughout the regions in our latest global upstream update.
Opinion
Africa’s Energy Hotspots – three trends that will shape the next decade of African energy
- 24 April 2024
Changing Face of Energy Series: Africa Energy Hotspots
Opinion
What’s in store for gas and LNG in Europe?
- 18 June 2024
An overview of market balances, the price outlook and risks for European gas and LNG through 2026
Opinion
Climate transition plans: time for companies to take action
- 24 July 2024
The need for a comprehensive and credible climate transition plan is growing – companies must take note.
Opinion
Enhanced oil recovery with captured CO2: insights on CCS-EOR
- 26 July 2024
As CO2 to dedicated sequestration (CCS-Storage) rises in popularity, captured CO2 for enhanced oil recovery (CCS-EOR) falls out of favour. What does the future look like in the world of carbon capture technologies?
Opinion
Global upstream update: UK fiscal woes, Major exploration and Latin American promise
- 26 August 2024
From gas opportunities to supply-chain relationships and deepwater exploration, our global update covers key industry developments.
Opinion
From digester to burner tip: navigating the fast-growing RNG industry
- 01 October 2024
Biomethane, or Renewable Natural Gas (RNG), has been a catalyst for investments in recent years, with a marked increase in M&A deals. Oil and gas majors, in particular, are betting on biomethane as a key part of their integrated net zero solutions.
Opinion
Ten key considerations for oil & gas 2025 planning
- 03 October 2024
As we enter the 2025 corporate planning season, oil and gas firms are faced with significant choices. What represents the right balance between investment and rewarding shareholders? And how much capital should be allocated to low-carbon activities versus to traditional hydrocarbons?
Opinion
Colombia's gas market transformation: From onshore producer to coastal importer
- 18 December 2025
Colombia's natural gas sector confronts fundamental transformation as onshore production declines whilst demand shifts coastward. Wood Mackenzie forecasts 1.4% annual consumption growth through 2040. Supply increasingly originates from Atlantic Coast offshore discoveries, creating a widening gap between interior demand centres and coastal production hubs, fundamentally altering pricing dynamics.
Opinion
5 ways exploration benefits upstream emissions intensity
- 26 November 2024
The Majors have made significant strides in reducing emissions over recent years. Decarbonisation work and portfolio reshaping have been key factors in bringing their emissions intensity figures well below the average for the sector. But how big is the emissions advantage for Majors’ new discoveries, and what factors affect their relative emissions intensity?
Opinion
Video | Shell and Equinor announce UK asset merger to create new JV
- 06 December 2024
Equinor and Shell are to combine their UK offshore oil and gas assets in a new incorporated joint venture, owned 50/50. The deal will create the biggest producer on the UKCS. We delve into this topic in a recent video, fill out the form to access this full analysis.
Opinion
North Sea upstream: 5 things to look for in 2025
- 07 January 2025
After the fallout and uncertainty around the UK windfall tax, companies and government may put their differences aside and agree on an EPL successor.
Opinion
US Gulf of Mexico: 5 things to look for in 2025
- 07 January 2025
With a new administration and refreshed focus on domestic production growth set to take effect in January, the regulatory future looks bright.
Opinion
Continental Europe upstream: 5 things to look for in 2025
- 07 January 2025
Continental Europe is intensifying efforts to bolster energy security through increased gas production.
Opinion
Canada upstream: 4 things to look for in 2025
- 07 January 2025
Canada's production growth carries on. But there are important nuances underneath total volume numbers.
Opinion
Sub-Saharan Africa upstream: 5 things to look for in 2025
- 07 January 2025
From exploration in the deepwater Atlantic margin to LNG momentum and licensing rounds, a look at key themes this year.
Opinion
Subsurface: 5 things to look for in 2025
- 23 January 2025
Upstream and geothermal exploration: deepwater wildcats, acreage additions, advantaged basins and unlocking geothermal resources.
Opinion
Video | Lens Emissions: Africa’s oil – legacy fields vs low-carbon future
- 05 May 2025
Can legacy oil fields compete in a low-carbon era?
Opinion
The new landscape for gas-fired power: turbocharged or turbo lag?
- 14 May 2025
Global gas-fired power faces both opportunities and challenges through 2040, as manufacturing constraints, rising costs and regional dynamics shape the sector's outlook.
Opinion
Rock solid: geothermal’s upward trajectory
- 03 June 2025
Our subsurface experts recently published the latest edition of WoodMac’s Geothermal Market Update, which provides comprehensive insight into project and policy developments in the sector.
Opinion
Forecasting carbon offset use to 2050: what you need to know
- 23 June 2025
Our Carbon Offset Market Outlook presents Wood Mackenzie’s base case scenario for the evolution of the offset market through 2050.
Opinion
Iraqi gas production increasing as flaring levels fall
- 20 June 2025
Despite the country’s vast gas resources, demand continues to exceed production.
Opinion
What’s been happening in upstream M&A?
- 07 August 2025
The trend for fewer but larger deals continued in H1 2025 .
Opinion
Deepwater Black Sea: a new contender in the global gas landscape
- 07 August 2025
Can the region deliver secure, advantaged supply to Europe?
Opinion
Revitalisation meets frontier exploration in West Africa’s twin-track energy future
- 23 September 2025
While Nigeria and Angola introduce fiscal reforms for mature offshore basins, high-impact exploration reveals untapped potential for Cretaceous plays.
Opinion
Africa’s energy crossroads: insight from Gavin Thompson
- 07 October 2025
From Nigeria to Namibia, how policy reforms, infrastructure, and gas monetisation are shaping Africa’s energy future..
Opinion
Can Andaman Sea resources avert Thailand’s gas crisis/crunch?
- 12 November 2025
As the region attracts new interest from explorers, Thailand hopes licencing can unlock new re-sources.
Opinion
Gulf of America upstream: our view on rig rates
- 12 November 2025
Day rates have held firm despite significant softening in oil prices since 2022, but can high prices pre-vail much longer?
Opinion
Russian Federation upstream: 4 things to look for in 2026
- 07 January 2026
Russia's oil and gas sector faces a year of gradual adjustment in 2026.
Opinion
Caspian upstream: 5 things to look for in 2026
- 02 January 2026
We expect record oil and gas production in 2026 from the Caspian's upstream sector.

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