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Wood Mackenzie’s new data technology transforms upstream valuations

09 October 2019

Natural resources research and consultancy Wood Mackenzie launches the world’s first Global Upstream Valuation solution, enabling organisations from the largest oil and gas companies to global banks to value assets around the globe in seconds.

News Release

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

07 October 2019

Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together, these opportunities are worth US$5 billion, and could contribute a third of the Supermajor's global divestment target.

News Release

Coal is still king in Southeast Asia’s power market

25 September 2019

According to a new report by Wood Mackenzie, coal will continue to be the dominant fuel source in power generation, peaking at 2027 before slowing down and accounting for 36% of the region’s generation mix in 2040.

News Release

Has M&A created value in the North Sea?

04 September 2019

Since the turn of the decade, it’s been a frenetic period for M&A in the North Sea. Against a backdrop of oil price volatility and a dramatically changing corporate landscape, activity reached record levels. But have acquisitions created value so far? Wood Mackenzie recently analysed 55 of the largest North Sea deals announced between 2012 and 2018 from today’s vantage point to quantify underlying value creation.

Comment

TechnipFMC demerger 'a bold step to reposition for the long-term'

27 August 2019

In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

Comment

Jethro-1 delivers the goods for Tullow

13 August 2019

The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than 100 million barrels of recoverable oil, subject to appraisal.

News Release

Murphy Oil reaches FID in Gulf of Mexico deepwater

08 August 2019

Murphy Oil has reached a Final Investment Decision (FID) regarding the King's Quay facility, Khaleesi/Mormont and Samurai developments in deepwater Gulf of Mexico. Commenting, Mfon Usoro, Wood Mackenzie analyst said: “Murphy’s sanction of the trio of projects including the King’s Quay facility, K...

News Release

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

15 July 2019

Wood Mackenzie, the global natural resources research consultancy, announces today its partnership with P2 Energy Solutions to better analyse current and future well spacing.

News Release

Dominican Republic launches first licensing round

10 July 2019

The Dominican Republic today launched its first licensing round, putting 14 blocks across its on- and offshore basins up for bid.

News Release

Mitsui and JOGMEC join Arctic LNG-2

01 July 2019

Arctic LNG-2 is a step closer to final investment decision (FID) with the entry of Japanese companies Mitsui and government-linked Japan Oil, Gas and Metals National Corporation (JOGMEC) into the project.

Comment

Shell's Prelude ships first LNG cargo

12 June 2019

Wood Mackenzie senior analyst Daniel Toleman shares his thoughts on the event of Prelude's first LNG cargo.

Comment

CNR snaps up Devon's Canada assets in US$2.8bn deal

29 May 2019

Canadian Natural Resources today announced a C$3.8 billion (US$2.8 billion) acquisition of Devon Energy's Canadian assets, marking the company's seventh major acquisition since 2014.

News Release

Montney total production to increase by 16% in 2019

16 May 2019

Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day (bcfe/d) in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie.

Comment

Chevron exits bidding war for Anadarko

09 May 2019

Chevron Corporation today announced that it would not offer a counterproposal to Occidental Petroleum's rival bid to acquire Anadarko Petroleum.

News Release

What would Australia's Labor win mean for the resources, energy and power sectors?

06 May 2019

Australia's general election is around the corner and Labor looks set for victory. Labor has announced its commitment to reduce Australia’s carbon emissions by 45% between 2005 and 2030, and to reach net-zero pollution by 2050. It has also proposed changes to existing mechanisms to lower energy and gas prices.

News Release

Southeast Asian upstream M&A could hit US$14 billion

25 April 2019

According to a new report by Wood Mackenzie, Southeast Asia could take centre stage in the region's upstream M&A activity in 2019, with up to US$14 billion worth of assets potentially switching hands.

Comment

Murphy Oil dives into deepwater Gulf of Mexico with US$1.6bn LLOG deal

23 April 2019

Murphy Oil Exploration is poised to buy several deepwater Gulf of Mexico assets from LLOG Exploration for a total of US$1.625 billion, split into a US$1.375 billion cash payment and US$250 million in contingent payments.

Comment

BP’s US$6bn Azeri Central East project gets the nod

19 April 2019

BP and partners have taken a final investment decision (FID) on the Azeri Central East (ACE) platform, the latest phase at Azerbaijan's super-giant Azeri-Chirag-Guneshli (ACG) oilfield. The US$6 billion project will be one of the biggest upstream FIDs of the year.

Comment

India commissions first east coast LNG terminal

07 March 2019

India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.

News Release

Brulpadda delivers the goods for Total

07 February 2019

French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

News Release

Smoother sailing ahead for upstream supply chain players

06 February 2019

The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie. As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.

News Release

Golden Pass crests second wave of US LNG

05 February 2019

ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.

News Release

Has FLNG crested the wave?

30 January 2019

Despite its small share of the total liquefied natural gas market, floating LNG (FLNG) has generated outsized interest in recent years. In a world requiring tight capital discipline, FLNG offers lower capital investment and manageable costs, particularly in frontier regions.

News Release

Outlook sluggish for upstream M&A

21 January 2019

Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.

Comment

Medco Energi's potential takeover of UK-listed Ophir Energy

02 January 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.

News Release

Major LNG buyers' uncontracted demand to quadruple by 2030

13 December 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.

Comment

ExxonMobil's Pluma marks a perfect 10

04 December 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

What do the US mid-term election results mean for renewable energy?

21 November 2018

The results of this year's U.S. mid-term elections may open a path for higher renewable portfolio standards and gigawatts of solar and wind deployments, according to a new analysis from Wood Mackenzie Power & Renewables.

News Release

Big Data adds up to big savings for upstream players

12 November 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 October 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.

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Search results: 1964

Wood Mackenzie’s new data technology transforms upstream valuations

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

Coal is still king in Southeast Asia’s power market

Has M&A created value in the North Sea?

TechnipFMC demerger 'a bold step to reposition for the long-term'

Jethro-1 delivers the goods for Tullow

Murphy Oil reaches FID in Gulf of Mexico deepwater

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

Dominican Republic launches first licensing round

Mitsui and JOGMEC join Arctic LNG-2

Shell's Prelude ships first LNG cargo

CNR snaps up Devon's Canada assets in US$2.8bn deal

Montney total production to increase by 16% in 2019

Chevron exits bidding war for Anadarko

What would Australia's Labor win mean for the resources, energy and power sectors?

Southeast Asian upstream M&A could hit US$14 billion

Murphy Oil dives into deepwater Gulf of Mexico with US$1.6bn LLOG deal

BP’s US$6bn Azeri Central East project gets the nod

India commissions first east coast LNG terminal

Brulpadda delivers the goods for Total

Smoother sailing ahead for upstream supply chain players

Golden Pass crests second wave of US LNG

Has FLNG crested the wave?

Outlook sluggish for upstream M&A

Medco Energi's potential takeover of UK-listed Ophir Energy

Major LNG buyers' uncontracted demand to quadruple by 2030

ExxonMobil's Pluma marks a perfect 10

What do the US mid-term election results mean for renewable energy?

Big Data adds up to big savings for upstream players

Hammond raises hopes of decommissioning hub role for Scotland

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