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.

North America Company & Play Analysis Tool

Pull apart company value data and forecasts to benchmark regions, plays and operators on the metrics that matter.

Gas and LNG: global and regional predictions for 2024

• 17 January 2024

The global gas and LNG market rebalanced in 2023 – perhaps more than many expected. What key themes will define 2024?

UK energy exports and fracking: aspiration or pipe dream?

• 23 September 2022

The UK has announced plans to become a net energy exporter by 2040. This includes lifting the 2019 ban on hydraulic fracturing in unconventional shale plays in England.

Offshore decommissioning in Asia Pacific could cost US$100 billion

• 01 February 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.

Wells to watch 2025

• 23 January 2025

A look at the best-advantaged resources of the year: who's drilling, where are the wells and what are they targeting?

A two-decade decline in exploration is driving the need for carbon neutral investment in Australia’s upstream sector

• 27 May 2024

A turbulent period of change has seen many legal and fiscal changes as Australia tries to balance its gas and energy transition strategy

OGA gives Alligin and Finlaggan the green light

• 23 October 2018

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

Future energy: biomethane’s time has come

• 17 October 2024

Investment in the nascent biomethane sector, also known as renewable natural gas (RNG), is picking up, including large-scale M&A as Big Oil and manufacturers build positions. Simon asked Kateryna Filippenko, who leads our new Biomethane/RNG service, how she sees the market developing.

Ready, steady, store: delivering on the EU’s CO₂ storage obligation

• 28 January 2025

What will the European Union’s Net-Zero Industry Act (NZIA) mean for Europe’s upstream oil and gas industry?

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

• 11 June 2019

Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.

There's light at the end of the tunnel for refiners

• 31 January 2019

The second half of 2018 was a very challenging time for refining. This weak commercial performance was due to a whole host of adverse market developments. Are these developments temporary or are they here to stay?

Which Supermajors’ portfolios are most resilient?

• 16 September 2020

In an uncertain and volatile world, having upstream assets that can cope with both the highs and lows of oil prices is a priority

What does the OPEC+ supply surge mean for refiners?

• 23 March 2020

The oil market is in a state of flux. Prices have fallen dramatically, and demand has taken a hit as measures are introduced across the globe to combat the spread of coronavirus. Saudi Arabia and Russia’s competition for market share has only exacerbated weak demand.

Australia’s gas conundrum

• 19 March 2021

While it may well claim the crown of world’s largest LNG exporter in 2021, Australia faces rising problems with its gas.

Horizons Live: Taking the strain

• 29 January 2025

Watch the Horizons Live replay as industry experts analyse how the upstream sector can meet rising oil and gas demand amid a delayed energy transition. Discover insights on investment needs, supply challenges, and the impact on global energy markets.

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

• 06 October 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.

The energy crisis – what’s on CEOs’ minds?

• 06 October 2022

We hosted our EMEA Global Energy and Natural Resources Summit in London last week. Here are some of the big themes debated on the stage.

Is it time for a global climate bank?

• 18 July 2024

Financing any aspect of the energy transition is tough. Funding the developing world’s transition, a topic central to the first Global Energy Transition Congress in Milan two weeks ago, is one of the most complex challenges that must be overcome in tackling climate change.