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

• 16 November 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.

Upstream companies positioned to thrive in 2019

• 17 December 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.

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

• 13 August 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

Refinery Intelligence

Gain unparalleled access to real-time refining operations across the world critical to understanding the full picture of crude oil and refined product supply and demand.

The challenge of upgrading the US grid

• 07 May 2021

The shift towards renewable power generation relies on adding transmission capacity. Opposition to new lines makes that an uphill battle.

US greenhouse gas emissions are falling, but not fast enough

• 20 January 2023

Rise in emissions in 2022 likely to be short-lived, but the long-term trend is for only gradual decline.

Bumpy road ahead as SEA navigates energy transition but opportunities aplenty

• 04 August 2021

Wood Mackenzie is organising the 2021 Southeast Asia Energy Forum today. Experts will be discussing key issues and opportunities facing the region’s energy industry over the coming decades.

Australia-China relations continue to sour

• 13 May 2021

With China buying around a third of everything Australia exports on a value basis, the downward spiral in Sino-Australian diplomatic relations is clearly of concern.

European gas storage plans for 2023 still stand despite cold snap

• 14 December 2022

Colder temperatures across Europe have increased month-on-month heating demand by 20% in December, but behavioural change in households and services means the amount of gas used in these sectors is 16% lower than previous average consumption patterns for similar temperatures says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Global upstream update: three key industry themes

• 06 September 2023

From increasing M&A activity to supply wildcards, here’s the latest trends in upstream oil & gas

Why oil and gas exploration is still important

• 27 May 2021

As the energy transition gains pace, questions are being asked about exploration's continued relevance. Does the industry still need to find new barrels? How committed are the Majors to exploration?

What a second Trump term could mean for US oil and gas

• 12 January 2024

If he wins a second term, former President Trump will aim to boost US oil and gas output. It will be easier to raise demand than supply.

Green LNG: can Australia prioritise decarbonisation in a high-priced world?

• 26 May 2022

Innovation and investment in the decarbonisation of LNG will play an important role in both boosting energy security and tackling climate change.

Monetising the East Med’s giant gas finds

• 10 July 2020

The discovery of huge gas resources has made the Eastern Mediterranean an industry hot spot. Majors, NOCs and independents see a growth opportunity that could last for decades. LNG exports might be the path to full commercialisation. But geopolitics stand in the way. How can the interested parties find a way forward?

Hitting the brakes: how the energy transition could decelerate in the US

• 16 May 2024

The US is facing a pivotal moment for its energy future. Depending on the results of the election, investment in the energy and natural resources sectors could play out in very different ways.

The energy transition in the upstream oil & gas sector: a reality check?

• 05 June 2024

Geopolitical, financial and technical headwinds have slowed energy transition progress, but ever-tighter climate regulation continues to drive change.

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

• 15 July 2020

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

Red-letter day for Norway as Johan Sverdrup comes on stream

• 08 October 2019

First oil from Johan Sverdrup – Norway’s sixth-largest discovery, with reserves of around 2.7 billion barrels – is a red-letter day for the partners and the Norwegian state. The decision to sanction the development was the country's largest final investment decision in more than 30 years.

Challenges to tight oil’s growth as spend tapers

• 01 October 2019

How is US tight oil performing in this febrile environment? Simon Flowers asks R.T. Dukes and his team of Lower 48 researchers.

Devon seals WPX merger

• 28 September 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.”

Greener LNG is vital to Asia’s sustainable development

• 29 November 2019

Gas will play a vital role in Asia’s fight against air pollution, and in meeting its future energy demand. But with its environmental impact under new scrutiny, is it time for LNG to get greener?

Why oil is pushing towards US$100/bbl…

• 18 February 2022

What's driven the rally, what is the outlook for supply and demand fundamentals in 2022, and how will geopolitics, including the Russia/Ukraine crisis, play out?

North America Power Service

Dedicated regional coverage, long-term fundamental forecasts, short-term base case forecasts, assumptions and projections, and long-term topical scenario analyses. Regions covered include: ERCOT, Midwest, Northeast, Southeast and WECC.

COP28 preview: five things to look for

• 23 November 2023

Paris reset or Groundhog Day?

URTeC 2019 survival of the fittest blog

• 10 July 2019

Wood Mackenzie is pleased to take part in URTeC 2019, where we'll share the tools you need to survive the evolving unknowns in today's shale oil landscape.

Oil price crash: how Middle East, Russian and US upstream industry responses compare

• 01 April 2020

In this month's MENA in Brief podcast: how the oil price crash is affecting upstream activity in the Middle East – and how that differs from the dynamics in Russia and the US.

How NOCs compare with IOCs on energy transition strategy

• 12 October 2023

There’s more than one route to resilience and sustainability

Equinor takes extra slice of Caesar-Tonga

• 13 May 2019

Equinor has exercised its preferential rights over Delek Group to acquire an additional 22.45% interest in the Caesar-Tonga oil field from Shell, for a total consideration of US$965 million in cash.

Are APAC’s retail markets full of Eastern promise for oil majors?

• 11 October 2023

Retail fuel markets in APAC are set for continued growth – and big oil is taking notice.

The greening of BlackRock: What it means for energy

• 17 January 2020

Discover how Blackrock’s new focus on sustainability and climate risk is transforming global energy finance and accelerating the shift to low-carbon solutions.