With 100-200 GW of new data centre capacity needed by 2030, carbon capture on gas offers fastest route to decarbonisation

• 14 May 2026

With natural gas dominating near-term data centre power additions, carbon capture offers the most practical path to decarbonization, according to new Wood Mackenzie analysis.

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

• 20 May 2021

The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

Global upstream update: a review of key industry themes

• 29 June 2023

The upstream oil and gas industry continues the push to decarbonise production but faces increasing regulatory uncertainty

Energy Pulse: in brief (29 September)

• 29 September 2023

The Biden administration plans the "fewest offshore oil and gas lease sales in history", and the rest of the week’s key energy news.

Global upstream update: diverging development strategies in Latin America, investment at risk in Africa, and Kazakhstan supply tensions explained

• 17 June 2025

Our Global Upstream Update presents timely analysis of key industry topics from our regional experts situated around the world.

Santos announces Barossa project FID

• 30 March 2021

Santos has sanctioned the Barossa project, which extends the life of Darwin LNG (DLNG) beyond 2040.

Where next for exploration in Asia Pacific?

• 18 February 2020

Reports of the death of exploration have been greatly exaggerated. Since the 2014 oil price downturn, the industry has re-imagined exploration. Spend has halved since its peak, and only the boldest exploration teams now take difficult wells in tough locations to their investment committees.

Unconventional Play Service

Compare unconventional plays against key producing plays in the US and beyond, and explore their potential using metrics such as costs, economics and risk.

Global upstream M&A picks up the pace

• 01 September 2021

In the first half of 2021 upstream M&A deal activity recovered to 2019 levels and more than doubled in comparison to the low point in the first half of 2020.

Equinor carves Gulf of Mexico niche with Monument discovery

• 06 April 2020

Norwegian operator Equinor today announced it struck 200 feet of oil pay at the Monument exploration well, in the US Gulf of Mexico.

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

• 01 April 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.

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

• 21 August 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.

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

• 26 September 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.

Why upstream operators must accelerate cost reduction measures

• 01 April 2020

It’s time for the rapier as well as the broadsword. Better visibility of third party spend may be vital

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

• 06 December 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

Exploration’s star is rising

• 07 April 2022

High-impact exploration has kept a low profile over the last decade. Will the need for the global economy to diversify away from Russian oil and gas breathe new life into exploration?

Downstream consistency holds lessons for upstream

• 23 March 2017

Downstream continues to demonstrate robust financial performance while upstream struggles.

A cornerstone of global oil supply – Canada at a cross roads

• 01 March 2017

Canada's investor sentiment soured by environmental concerns and competition for capital from tight oil have already begun to reshape the domestic corporate landscape.

North America gas: could LNG project delays dampen prices further?

• 28 May 2019

Low prices may be the best cure for North American gas markets.

How Asia changed the global LNG market in the space of a year

• 21 April 2021

The past year has undoubtedly been the most dramatic in the history of the global LNG industry. Demand buffeted by lockdowns and recession, liquefaction shut-in, pre-FID supply projects delayed and spot LNG prices crashing to all-time lows before going into orbit.

What investors want to know about energy and natural resources

• 17 June 2020

The impact of Covid-19 on energy demand remains top of mind, but investors’ questions reveal a return to calm if not a return to “normal”

Carbon management frequently asked questions part 2: offsets

• 12 March 2024

Next up in this series, we tackle some of the most frequently asked questions surrounding carbon offsets

Australasia - Five themes to look out for in 2019

• 19 December 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.

New CEO Looney rings changes at BP with ambitious climate plan

• 12 February 2020

Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

Australia’s North West Shelf set for change

• 24 June 2020

Chevron’s announcement to offer its 16.7% stake in the North West Shelf (NWS) LNG project for sale has surprised some.

Asia Pacific upstream - 5 themes to watch in 2020

• 19 December 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.

Oil and gas companies must be bold as energy transition sets tone for 2022

• 09 December 2021

It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for the energy transition ahead. New research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), indicates that oil and gas companies are likely to be bold in 2022. Formidable cash flow generation, increasing new energy opportunities and the development of a carbon market are a powerful force for change.

CO2 utilisation potential as key global decarbonization tool limited by current economics

• 26 August 2024

Carbon Capture Utilisation and Storage (CCUS) is a crucial element in global decarbonisation, but current economics limit CO2 utilisation deployment as high costs and insufficient subsidies hinder the market, according to a recent report from Wood Mackenzie.

Carbon removal key to meeting Paris Agreement target

• 24 June 2021

Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

President Biden aims for higher employment and lower emissions

• 01 April 2021

Two announcements this week showed the administration attempting to deliver on its promise that a key goal of climate policy is job creation.