• Opinion

  Horizons Live: Conflicts of interest

  • 14 5月 2024

  Transitioning to a net zero global economy is a monumental investment challenge. Meeting the challenge, already an outside bet, will have to happen against a less favourable monetary backdrop than the world has been used to since 2009. This month's Horizons live panel discuss the cost of investing in the energy transition in a high-interest-rate era.

• Webinar

  Webinar | Why the NOCs should return to international business development

  • 31 7月 2024

  With M&A valuations attractive and financial ratings at all-time highs, the drivers for National Oil Companies (NOCs) to invest in existing portfolios AND fill strategic gaps have never been stronger. Will they step up? Join our experts on 31st July to find out.

• Webinar

  Webinar | Africa Upstream Outlook 2025

  • 06 2月 2025

  Join our webinar on the 6th February as we discuss the outlook for Africa Upstream oil and gas

• Horizons

  No country for old fields: why high-impact oil and gas exploration is still needed

  • 05 11月 2024

  In this Horizons, we make the case that exploration continues to add value, cut carbon intensity and lower the cost for end consumers.

• Horizons

  Gridlock: the demand dilemma facing the US power industry

  • 17 10月 2024

  This research piece addresses what will be the central theme of US power markets over the next couple of years and potentially beyond.

• Webinar

  Webinar | From molecules to electrons: Trump 2.0 and the impact on the energy transition

  • 03 12月 2024

  The 2024 US election result and an incoming Trump 2.0 administration arrive at a pivotal moment for the energy transition. As policies and priorities shift, their impact will ripple across the energy and natural resources sectors. This webinar mini-series dives into the heart of these changes, offering expert insights into how the outcomes could redefine the energy landscape. The mini-series consists of two webinars: molecules (oil, gas/LNG, carbon, hydrogen, and sustainable fuels) and electrons (renewable electricity, batteries, electrified transport, power markets and grid innovations).

• Webinar

  Webinar | Clearing the air: How at-scale carbon removal could accelerate the energy transition

  • 10 12月 2024

  Join our webinar where we will review the current state of this nascent industry and the factors that will shape its evolution, across the following topics: ̵ Project type costs, potential and readiness ̵ A deep-dive into carbon removal project economics ̵ Who is buying or investing in carbon removal, and why? ̵ Analysis of government policy and other regional factors impacting removal deployment

• Content

  2020: Navigating upstream’s perfect storm

  • 10 12月 2020

  Between the existential crisis of the energy transition and the impact of a global pandemic, it's been a challenging year for upstream oil and gas industry.

• Comment

  All eyes on OPEC meeting as group mulls easing of production restraint

  • 01 12月 2020

  OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

• News Release

  Five consequences of a Biden administration for US energy

  • 07 11月 2020

  Joe Biden offered American voters a radically different vision of energy policy from President Donald Trump, focused on addressing the threat of climate change. He will enter the White House with a goal of setting the US on course for net zero greenhouse gas emissions by 2050 and will take the US back into the Paris climate agreement.

• Comment

  Gulf of Mexico lease sale 256 – business as usual despite upcoming change in administration

  • 19 11月 2020

  On Wednesday, 18 November, the United States held its region-wide Gulf of Mexico (GoM) Lease Sale 256 and received 105 bids from 23 participating companies, with high bids totalling US$121 million.

• Comment

  Trans Adriatic Pipeline (TAP) completes Europe’s Southern Gas Corridor

  • 16 11月 2020

  The commissioning of the Trans Adriatic Pipeline's (TAP) initial 10 bcm per year capacity follows four and a half years of construction, EUR4.5 billion of capex and a variety of obstacles – especially in Italy, where the pipeline ends.

• News Release

  2-degree pathway could cut upstream gas investments by 65%

  • 12 11月 2020

  A world on a 2-degree pathway could significantly reduce upstream gas investments by 65% through to 2040, says Wood Mackenzie.

• News Release

  Asia Pacific upstream transactions plunge to lowest this century

  • 19 11月 2020

  Wood Mackenzie’s latest analysis shows 2020 is on track to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century.

• News Release

  Energy transition to be key driver of Australia’s upstream M&A

  • 01 10月 2020

  The energy transition is expected to be a major driver of the future of Australia’s upstream M&A, says Wood Mackenzie.

• Comment

  Devon seals WPX merger

  • 28 9月 2020

  Speaking after the merger of Devon Energy and WPX Energy was announced this morning, Alex Beeker, principal analyst, corporate upstream, at Wood Mackenzie, said: “Tight oil consolidation has been underway for years, but extreme market volatility has slowed the process considerably. WTI has essentially hovered around US$40/bbl since June, with the stability likely closing the bid-ask spread. “We’ve expected Devon to make a move for some time. With US$1.5 billion in cash on its balance sheet (albeit earmarked for debt reduction), Devon is on a relatively strong financial footing. But Devon has been shrinking fast since its disposal program started in earnest about two years ago. The company’s net production is down 40% since 2018.”

• Comment

  Hess sells Shenzi stake to BHP in US$505m deal

  • 05 10月 2020

  Hess is selling its 28% working interest in the Shenzi field in US Gulf of Mexico to operator BHP.

• Comment

  Chrysaor seals North Sea top spot with reverse takeover of Premier Oil

  • 06 10月 2020

  Privately-held UK Independent Chrysaor is buying London-listed Premier Oil by way of reverse takeover. Premier’s US$2.7 billion of debt and hedging liabilities will be repaid and cancelled via a US$1.232 billion cash payment, plus Chrysaor shares.

• News Release

  Portfolio resilience and sustainability at the core of corporate concerns

  • 20 10月 2020

  Wood Mackenzie’s 2020 Energy and Commodities Summit Asia Pacific edition kickstarted yesterday. Experts shared their views on how the energy sector is changing in light of the oil price crash, Covid-19 and the latest carbon-neutrality trends.

• News Release

  UK can lead world in net zero energy technologies – but investment is critical

  • 16 9月 2020

  Wood Mackenzie today delivered a comprehensive roadmap for the North Sea’s future to the OGTC, setting out the critical technologies needed to deliver an integrated net zero energy system on the UK Continental Shelf (UKCS), positioning the UK as a world-leader in the move to a low carbon world.

• News Release

  Indonesia’s straddle between gross split and cost recovery is positive step forward

  • 17 9月 2020

  Introducing a choice between gross split and cost recovery for new licences is a positive step forward for Indonesia's upstream sector, says Wood Mackenzie.

• Comment

  BP underscores commitment to energy transition

  • 04 8月 2020

  Today’s BP strategy update marked a big step forward, filling in many of the blanks, including detailed guidance to 2030. It leaves stakeholders with a much clearer idea of where BP is headed over the next decade, how it will to get there and what that means for the value proposition.

• Comment

  Chevron swoops on Noble in US$13bn deal

  • 20 7月 2020

  Chevron is set to buy Noble Energy in a US$13 billion all-stock transaction, including US$5 billion in equity. This is the first large-scale corporate acquisition of this downturn.

• News Release

  India’s new deepwater supply could face pressure from low spot LNG prices

  • 21 7月 2020

  India’s new deepwater gas production could be under pressure from low spot LNG prices, says Wood Mackenzie.

• Comment

  Woodside takes impairment but is a US$80 carbon price the bigger news?

  • 15 7月 2020

  Wood Mackenzie analysts delved deeper into implications of Woodside's announced US$80 carbon price.

• Webinar

  Webinar | Tight oil through the crash: what Permian projects are left standing?

  • 30 6月 2020

  Permian investments have been scaled-back aggressively. But there are still 135 active rigs concentrated in certain geographies. Are the tight oil wells being drilled generating returns at today’s prices? Your hosts will walk you through our latest valuations work focused on the Delaware and Midland basin in these three simple steps: 1. High grade undrilled acreage by recovery rates and geologic properties 2. Develop type curve distributions to highlight the best undrilled locations 3. Test price scenarios and timing to find the optimal drilling schedule against various price outlooks

• Content

  Women in energy

  • 23 7月 2020

  We showcase research and analysis from some of our most accomplished and influential women in energy and natural resources. Meet some of the many outstanding women we're proud to work with – and explore their latest thinking.

• Comment

  Shell's write-down of Australian assets not a surprise

  • 01 7月 2020

  It’s no surprise to see Shell writing down the value of its assets, in line with the new post-pandemic energy demand outlook. In fact, we’ve revised the value of oil and gas assets in Asia Pacific by US$200 billion as a result of a lower oil price outlook.

• Comment

  ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well

  • 06 10月 2017

  Following ExxonMobil's (NYSE: XOM) announcement this morning of its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana, Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream has the following comments.

• Comment

  Brazil and ExxonMobil win big at oilfield auction

  • 05 10月 2017

  Following Brazil's record oil field auction yesterday, where ExxonMobil (NYSE: XOM) vastly expanded its presence in the country with winning stakes in ten blocks, including eight deepwater blocks in the Campos basin, Horacio Cuenca, Research Director, Upstream Latin America at Wood Mackenzie offers the following commentary.