• News Release

  What's behind Libya's production boost?

  • 20 10月 2017

  Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

• Comment

  Cambodia's first oil development takes major step forward with signed agreement with KrisEnergy

  • 07 9月 2017

  Singapore –listed E&P company KrisEnergy today signed fiscal and technical agreements with the Royal Government of Cambodia for the Block A Apsara oil development.

• News Release

  Geology vs. technology: How sustainable is Permian tight oil growth?

  • 20 9月 2017

  Technology has played a huge role in the rapid rise of production in the Permian. Operators are bullish on the region's long-term potential and poised to exploit the Permian at an unparalleled pace over the next few years. However, according to a report by Wood Mackenzie, Geology vs. technology: how sustainable is Permian tight oil growth?, geological constraints that may arise as the play is aggressively developed could lead to production shortfalls, and in turn, higher prices early next decade.

• Comment

  BHP Shale Asset Divesture

  • 20 9月 2017

  Commenting on BHP Billiton's plans to divest its U.S shale unit, Jon Weintraub, research analyst at Wood Mackenzie, said: "BHP's announced divesture of its onshore U.S. business is a pretty momentous step-change in its corporate strategy and marks the culmination of its push to be a major shale player. We expect to see all options being considered with a substantial amount of interest from multiple pools of buyers."

• Comment

  Mexico's Energy Reform pays off with Zama

  • 26 9月 2017

  Following the announcement this morning that Talos energy and its partners Premier Oil and Sierra Oil & Gas have made a discovery at Zama-1, drilled in Block 7 offshore Mexico, please find below initial comment from Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream.

• News Release

  Upstream players grapple with uncertainty

  • 15 5月 2017

  To gauge the state of the sector, Wood Mackenzie asked its client base to share their thoughts on a number of key themes, and the responses were analysed to give a comprehensive view of how the sector’s key players view the future.

• News Release

  Production from Argentina's Vaca Muerta to reach 113 kboed by 2018

  • 04 5月 2017

  The seven most advanced developments are expected to see production increases of 43% in 2017.

• News Release

  Return of Asian investment in US tight oil

  • 08 5月 2017

  If Asia's largest upstream players want to grow production, Wood Mackenzie expects them to diversify into the US tight oil market.

• News Release

  Revival of deepwater industry: best projects closing gap

  • 30 3月 2017

  The deepwater industry has emerged from the downturn leaner and more competitive with US tight oil

• News Release

  New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

  • 11 1月 2017

  Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.

• News Release

  US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

  • 18 1月 2017

  According to research by Wood Mackenzie, the APAC upstream sector holds considerable value as the majors divest mature and mid-life assets in the region.

• News Release

  Global upstream FIDs on track to double in 2017

  • 17 7月 2017

  In the first half of the year, the industry has already witnessed 15 project sanctions, almost comparable to project sanctions in the whole of 2016.

• Comment

  Mexico's new president: Energy future at a crossroads

  • 02 7月 2018

  After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.

• Comment

  BP seals asset swap with ConocoPhillips

  • 04 7月 2018

  BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips

• News Release

  Global upstream project delivery is finally hitting the mark

  • 14 8月 2018

  Has the oil and gas industry finally turned around its reputation for always delivering upstream projects behind schedule and overbudget? Emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on project returns, according to a new Wood Mackenzie report.

• Comment

  Bidding down but sums higher in US Gulf of Mexico Lease Sale 251

  • 15 8月 2018

  On Wednesday, 15 August 2018, the US held its region-wide Lease Sale 251, attracting 171 bids from 29 participating companies, with high bids totalling US$178.1 million. An increase of about $53 million from the last region wide lease sale in March.

• News Release

  Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence

  • 28 8月 2018

  Brazil’s Campos basin is awaiting a resurgence in production according to a new report by Wood Mackenzie, analysing the impacts redevelopment of the basin's mature oil fields could have on production, royalty collection and job creation.

• Comment

  ExxonMobil and Guyana hit Jackpot with latest offshore discovery

  • 01 9月 2018

  ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Accounting for 15% of all conventional crude found globally since 2015, no other area has delivered as much conventional oil resource.

• Comment

  Total hits the jackpot at Glendronach

  • 24 9月 2018

  Total has made a major gas discovery in the UK's West of Shetland region, hitting an estimated 1 trillion cubic feet of gas

• Comment

  Ensco beefs up fleet with Rowan deal

  • 08 10月 2018

  Offshore driller Ensco is poised to buy smaller rival Rowan in an all-stock deal valued at $2.38 billion.

• News Release

  How do the Majors stack up in the Lower 48?

  • 16 10月 2018

  The Major oil and gas companies have made big strategic bets on the US Lower 48's unconventional plays. The scale, returns and investment flexibility offered by tight oil and gas has made it an essential part of most major players’ portfolios. But how do the players compare to each other?

• Comment

  Petronas takes 10% stake in Oman’s Khazzan development

  • 23 10月 2018

  Malaysian NOC Petronas buys a 10% interest in Oman's Khazzan development

• Comment

  OGA gives Alligin and Finlaggan the green light

  • 23 10月 2018

  UK Oil & Gas Authority gives the Alligin and Finlaggan developments the green light

• News Release

  Big Data adds up to big savings for upstream players

  • 12 11月 2018

  The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.

• Comment

  Hammond raises hopes of decommissioning hub role for Scotland

  • 30 10月 2018

  In the Autumn Statement, the UK's Chancellor of the Exchequer Philip Hammond did not make any headline changes to oil and gas tax rates, setting out instead plans to make a "call for evidence" on how to establish Scotland as a global hub for decommissioning.

• Comment

  ExxonMobil's Pluma marks a perfect 10

  • 04 12月 2018

  ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Luiz Hayum, research analyst with Wood Mackenzie's Latin America upstream oil and gas team, comments on Exxon's latest find, Pluma.

• News Release

  Producers double down on hedging in Q3 2017

  • 29 11月 2017

  Hedging activity surged in Q3 2017 as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie's latest analysis of oil and gas hedging activity.

• News Release

  Deepwater Gulf of Mexico stages a comeback in 2018

  • 05 1月 2018

  The U.S. deepwater Gulf of Mexico sector has struggled since crude dropped in late 2014. However, as costs finally settle at a bottom and operators set a new standard for operational efficiency, 2018 might just be a turning point for the sector.

• News Release

  Latin America to buck global exploration trend in 2018

  • 22 1月 2018

  Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.

• News Release

  Offshore decommissioning in Asia Pacific could cost US$100 billion

  • 01 2月 2018

  According to Wood Mackenzie's latest analysis, decommissioning Asia Pacific's offshore assets – nearly 2,600 platforms and 35,000 wells – could cost over US$100 billion.