• Webinar

  Webinar | Regional vs. Northern Sands: is the Permian proppant debate over?(2)

  • 27 8月 2019

  Please join our premier US Lower 48 research team's webinar to hear our take on this long-standing industry debate on Regional vs. Northern Sands. Our latest analysis will put the Permian proppant debate to a standing still.

• News Release

  Permian operators cash in ... by thinking inside the box

  • 21 8月 2019

  As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.

• Comment

  Lift off as Sputnik partners hit oil

  • 20 8月 2019

  Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.

• News Release

  China’s gas production to double to 325 bcm in 2040

  • 28 8月 2019

  Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.

• Opinion

  M&A shake-up on the horizon for the Australian upstream sector

  • 29 8月 2019

  We’ve identified a potential US$32 billion worth of assets that could change hands in the next few years. Many of these deals are long in the planning and reflect wider trends in the Australian and global upstream sectors. We’ve bucketed our pick of the deals into three key themes.

• Opinion

  Southeast Asian NOCs show growing appetite in global M&A market

  • 02 9月 2019

  I’ll bet that if you ask anyone with an interest in the global upstream M&A if they could name the top three spenders through the first half of 2019, they would struggle to name the third. The easy one is Occidental (Anadarko), second place is Total through its acquisition of Anadarko’s African assets. But who was the third largest acquirer by spend in H1 2019?

• Comment

  ExxonMobil to sell upstream assets in Gippsland Basin

  • 18 9月 2019

  ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market.

• Comment

  Japan to invest additional $10 billion in global LNG infrastructure projects

  • 26 9月 2019

  Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

• Comment

  ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

  • 27 9月 2019

  ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.

• Comment

  Brazil licensing round sets record as Majors eye November's prizes

  • 10 10月 2019

  Brazil's Licensing Round 16 set a record – the BRL 8.9 billion (US$2.2 billion) in signature bonuses is the highest yet for a Brazilian round. Of the 36 blocks on offer, 12 were awarded, all in the prolific offshore Campos and Santos basins. Malaysia’s Petronas, Qatar’s QPI, Spanish producer Repsol and the US’ Chevron all bid high. QPI and Petronas were the biggest spenders of the day, as well as Petrobras. Only Campos and Santos basin blocks were awarded, with frontier acreage failing to attract interest.

• Content

  Featured Reports

  • 09 8月 2018

  We're highlighting our most popular reports. Gain instant access to detailed data — by the numbers and with visualisation — to address business challenges and make better, more strategic decisions.

• Comment

  Majors cautious as Petrobras takes prize in Brazil’s TOR round

  • 06 11月 2019

  Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks.

• Webinar

  Webinar | After the crash: what's changed in Latin America upstream?

  • 23 6月 2020

  Latin America quickly responded to the oil market downturn. NOCs and Majors cut production and pushed back imminent FIDs. However, as Latin America has many large developments that break even below US$40/bbl, several projects are still under operators’ priority list. • Investments: The region is among the largest capex cut globally. How much has development spend been cut? • Production: We expect a 7% reduction in 2020. What are the long-term implications? • Economics: Latin America upstream NPV10 down by a third. Which resource themes have been hit the hardest? • Corporate: Are Latam NOCs prepared for the tough road ahead?

• Webinar

  Webinar | Global Oil Market Implications

  • 09 3月 2020

  Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

• News Release

  Australia’s east coast gas prices to bottom out over next two years

  • 20 11月 2019

  In the latest Australia east coast gas market research, Wood Mackenzie projects that the LNG netback price for Australia’s east coast could bottom out to A$6.50 – A$9 per gigajoule (GJ) over the next two years.

• Comment

  Talos shells out US$640m for Gulf of Mexico assets

  • 12 12月 2019

  Talos Energy, in its pursuit of growth in the US Gulf of Mexico, has announced a series of purchases, worth $640 million assets in the region

• News Release

  Increased uncertainty to colour upstream sector’s decision-making in 2020

  • 09 1月 2020

  The level of uncertainty and anxiety among upstream producers and supply chain has rarely been higher. In 2020, decision-making will be more heavily influenced by sentiment surrounding the energy transition, political upheaval and trade disputes than in previous years. This adds to the ever-present risks of unexpected supply-demand imbalance, niche cost inflation or a global economic downturn. What are the biggest trends to watch in the upstream oil and gas business in 2020? Fraser McKay, head of upstream analysis at Wood Mackenzie, sees five key themes.

• News Release

  Asia Pacific upstream - 5 themes to watch in 2020

  • 19 12月 2019

  Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020.

• News Release

  Anchor's aweigh as Chevron gives nod to US Gulf of Mexico development

  • 12 12月 2019

  Chevron has given the green light to the Anchor development in deepwater US Gulf of Mexico. This is Chevron’s first greenfield final investment decision as an operator since its sanction of Big Foot and Jack/St Malo in 2010.

• Webinar

  Webinar | Shale service costs in 2020: what is the market telling us?

  • 27 1月 2020

  Last year, costs fell by double-digit percentages for several major spend categories. However, today’s cost environment is considerably different from twelve months ago. Will the deflationary period stick around, or should we expect a change in 2020? During the webinar, our analysts covered topics such as: • Which cost categories fell the most last year, and what was the influence on overall well costs? • E&P budgets will reset in January and, in our view, reverse the rig count freefall. But should we expect costs to turn around as a result? • What could force service costs higher, and when could we expect the market to change? • If costs increase, which components are most at risk and what’s the economic impact?

• Comment

  India's 2020 energy outlook

  • 23 1月 2020

  India's 2020 energy outlook

• Comment

  Jebel Ali gas find ‘largest since 2005’

  • 03 2月 2020

  The announcement of an 80 trillion cubic feet (tcf) find at Jebel Ali, on the border between Abu Dhabi and Dubai, is hugely significant for the United Arab Emirates. Liam Yates, an analyst on Wood Mackenzie’s Middle East upstream team, said: “The find ranks as the largest global gas discovery since Galkynysh (South Iolotan). The Turkmen field was discovered in 2005."

• Opinion

  Collaboration in the Carnarvon Basin

  • 04 11月 2018

  Can big players in the Carnarvon Basin lose the ego and play nice for the greater good of Australian LNG?

• Editorial

  A new era for unconventional value

  • 30 11月 2018

  Project Production Management could reduce unconventional well cost and cycle time by more than 25%

• The Edge

  What’s holding back a new investment cycle?

  • 02 10月 2018

  Despite strong financial performance for the 48 IOCs and NOCs covered in our Corporate Service this year, investment activity is weak. Simon Flowers and Norman Valentine discuss.

• Opinion

  US tight oil piles pressure on refiners

  • 01 10月 2018

  Alan Gelder looks at the ways in which US tight oil has revolutionised the global oil market. This article first appeared on Forbes.com on September 27, 2018.

• Editorial

  Electric vehicles – the story so far

  • 10 10月 2018

  How will the rise of electric vehicles impact the future of transport and the natural resources industry? In 2018, our experts have been exploring what that means for oil, metals and power markets around the world.

• Editorial

  How private equity is revitalising offshore exploration and production

  • 01 10月 2018

  Private equity is revitalising offshore exploration and production, with smaller operators bringing new life to the US Gulf of Mexico, the North Sea and Brazil. Get the latest analysis here.

• The Edge

  The case for investing more in exploration

  • 25 9月 2018

  The industry isn’t finding enough oil. We need more Guyanas, a lot more, and we need them soon. Without them, the oil market is in danger of tightening in the not too distant future.

• The Edge

  Guyana - a new planet in oil’s solar system

  • 18 9月 2018

  The discovery of a major new oil play like Guyana instils a sense of wonder in we oil industry devotees. What’s the story? How big could it be? Will it change the oil market? Simon takes on these questions and more.