North Sea in brief: back to business in 2017

• 11 8月 2017

Our North Sea team shares their thoughts on development in the region in this podcast, which builds off our H1 2017 report and recent insight into private equity-backed players.

When will pre-FID oil projects be commercial again?

• 13 7月 2016

If prices remain at $50/bbl, then most major conventional projects are at risk of deferral or cancellation. Which projects will breakeven and which will be profitable?

Tight oil vs deepwater: do costs for conventional projects have further to fall?

• 14 7月 2017

The vast majority of savings in the offshore sectors have been cyclical — via cheaper rigs and services — rather than due to structural changes, which are more important but much harder to implement.

Oil sands exodus: an opportunity in disguise?

• 01 5月 2017

After a tumultuous 24 months oil sands got a jolt with close to US$25 billion in M&A deals announced in March and April 2017.

Private equity in the North Sea

• 10 8月 2017

These companies have an appetite to invest, and we estimate there are close to 20 PE-backed vehicles with war-chests approaching US$15 billion for North Sea acquisitions.

Centennial Resource Development acquires Permian acreage

• 01 4月 2017

Our team assesses Centennial Resource Development's recent acquisition and what it means for its portfolio.

China and shale gas: growing operational confidence from CNPC and Sinopec

• 05 7月 2017

At the workshop, representatives from both CNPC and Sinopec shared progress updates on their shale gas projects.

Cautiously optimistic: global upstream outlook for 2017

• 11 1月 2017

We look to 2017 as the dawn of a cautious recovery for the E&P sector, with investment edging upward.

‘Permania’ prevails, and other learnings from the 2017 DUG Permian Conference

• 11 4月 2017

At the 2017 DUG Permian Conference, three main themes stood out.

Will deals walk the optimistic talk of NAPE?

• 21 2月 2017

NAPE 2017 was a great show, and optimism is back in the oil patch.

US upstream: what to watch for in 2017

• 23 1月 2017

We present five of our predictions for 2017, focusing on the US upstream industry.

Road to recovery for OFS giants

• 31 1月 2017

In our latest report, our analysts discuss whether the OFS giants have turned a corner and what's in store in North America and internationally.

M&A Service

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

How deep water projects can compete with tight oil - more progress on costs and tight oil may get a run for its money

• 28 3月 2017

Tight oil has garnered all the plaudits in the last few months, but we can foresee in the not too distant future green field deep water projects giving tight oil a run for its money in competing for capital.

Upstream M&A erupts - Intensifying activity is strengthening portfolios and finances

• 03 5月 2017

Business development teams are back in the front line as companies look to position for longer term growth.

Questions of science – challenging our tight oil forecasts

• 20 6月 2017

We have raised our long-term estimates, now expecting volumes to rise from 4 million b/d currently to 10 million b/d by 2025 – 1.4 million b/d higher at peak than before.

US independents’ retrenchment to tight oil is paying off - will others follow?

• 15 9月 2016

The downturn should be an opportunity for the Majors and perhaps NOCs to move into tight oil.

Upstream M&A: taking advantage of the down-cycle

• 22 11月 2016

With the M&A market showing signs of life and the value of the M&A being done rising, the time is ripe for buyers in the upstream market.

The Russian oil miracle - how production has soared despite low oil prices

• 28 11月 2016

As other countries suffer production declines under the pressure of low oil prices, Russia is bucking the trend. What’s different about Russia?

The accelerating recovery in tight oil: conventional investment at risk of stagnating

• 02 2月 2017

Tight oil will drive a 4% increase in global upstream investment in 2017, while investment in conventional projects will be flat at just under US$340bn.

New project sanctions on the rise?

• 21 6月 2017

At the start of the year, we predicted that around 20 to 25 major new upstream projects would be sanctioned in 2017, roughly double the score for 2016. So, as we approach the year’s halfway mark, how is our forecast faring?

The state of the upstream industry

• 05 7月 2017

Understand and review the outlook for upstream markets and the major players for the short and medium term.

OPEC's dilemma

• 25 5月 2017

With OPEC agreeing to roll over production for nine more months, our 2017 oil price forecast of US$55/bbl for Brent is largely unaffected. But as fundamentals tighten in the second half of 2017, we believe a firmer oil price will further support the US tight oil industry.

Marathon's US$700 million Delaware bolt-on acquisition

• 30 3月 2017

On March 21, Marathon bought 21,000 net acres in the Delaware Basin for US$700 million from Black Mountain Oil & Gas and other private sellers. The deal comes soon after Marathon entered the Permian through a US$1.1 billion deal with BC Operating. In our latest Insight, our analysts examine the deal and weigh the potential risks and benefits of expanding Marathon's acreage.

Permian produced water: slowly extinguishing a roaring basin?

• 11 6月 2018

With the recent rise oil prices, operators have been adding rigs and ramping up completions in the Permian Basin – the largest and most important source of oil supply growth in the world. However, persistent operational water challenges present a material risk to companies' future profitability and production.

Exploration industry eyes a brighter future at EAGE

• 12 6月 2018

In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.

Upstream companies positioned to thrive in 2019

• 17 12月 2018

Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

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.

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.