US policy cranks up the risks to oil supply – and price

• 14 May 2019

Dwindling spare OPEC capacity leaves market vulnerable to disruption. Learn more.

Heating up: 2024 showcased the promise of geothermal energy

• 19 February 2025

Geothermal energy is gaining momentum - driven by new tech, major investments and big tech partnerships. Is it the next big player in renewables?

M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

Bullish outlook for US gas - LNG exporters face margin squeeze in glutted market

• 01 December 2016

The sharp response of the physical market to the arrival of cold weather suggests fundamentals are tight and prices could go higher, whether it’s a cold winter or not. There are four main reasons why.

Total hits the jackpot at Glendronach

• 24 September 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

US nuclear’s problems add to the challenge of carbon-free power

• 30 April 2021

The shutdown of the Indian Point nuclear plant underlines the difficulty of achieving 100% zero-carbon electricity in the US by 2035

How the energy transition can reduce the risk of future shocks

• 21 April 2022

Five key lessons from today's energy crisis on how to manage the shift to lower-carbon sources while strengthening energy security

The Russian energy transition: what makes it different

• 25 October 2019

The Russian energy transition: analysis from our upstream research team. Understand the uniquely Russian approach to the energy transition and the risks and opportunities that presents.

Offshore CCS projects could breathe new life into Gulf of Mexico

• 04 November 2022

As the US looks for innovative ways to reduce greenhouse gas emissions, offshore carbon capture storage (CCS) projects in the US Gulf of Mexico (GoM) could play an influential role in meeting future goals, according to analysis from Wood Mackenzie.

What’s driving the upstream revival in Southeast Asia?

• 19 September 2024

Four reasons the industry has started to invest again.

Companies pass on the US Gulf of Mexico lease sale

• 18 March 2020

Today’s region-wide Gulf of Mexico Lease Sale 254 saw 84 bids received from 22 participating companies, with high bids totalling US$93 million. That amounts to roughly half of the previous lease sale, held in August 2019.

Energy Pulse: in brief (11th August)

• 11 August 2023

Standout oil well performance in New Mexico, Saudi Aramco confirms its new dividend plan, the EU backs CCUS projects, the latest on superconductivity hopes, and more

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

• 07 May 2019

Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in on what this means for the different sectors.

Upstream KPIs turn positive

• 19 December 2017

We've had the best year for the oil and gas industry for some time: KPIs have turned positive. Brent looks set to end 2017 over US$60/bbl, up 40% from the summer lows.

What's new in global upstream

• 22 April 2024

It remains important for upstream oil and gas to find advantaged growth opportunities. Pragmatic decisions feature as companies shift to adapt portfolios to keep pace with change. Efficiency and discipline are watchwords and high-impact projects must focus on unlocking roadblocks to growth. But M&A is still on the agenda, with some operators getting innovative with Joint Ventures.

Graff and Venus: game-changers for Namibia’s upstream industry?

• 16 March 2022

Shell and TotalEnergies’ giant deepwater discoveries could be transformational.

Artificial intelligence and the future of energy

• 27 June 2024

Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments. Prakash Sharma and I asked WoodMac’s experts what role AI might play in the energy and resources sectors and where the greatest opportunities and risks are.

Carbon capture and storage: how far can costs fall?

• 28 September 2021

The costs of carbon capture and storage (CCS) technology are still stubbornly high. Why is it so expensive? And what will be the catalyst that makes costs fall?

How should Cyprus' giant gas discoveries be commercialised?

• 04 June 2019

Cyprus has been a bright spot for exploration over the last 7 years, with a string of giant gas discoveries. We estimate a total of 11 tcf of recoverable gas resource has been found. Can these be commercialised?

2020 gets off to a bumpy start for the refining sector

• 21 January 2020

This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 2020 regulations, and US tight oil production slowing, among them.

Ten key considerations for oil & gas 2025 planning

• 03 October 2024

As we enter the 2025 corporate planning season, oil and gas firms are faced with significant choices. What represents the right balance between investment and rewarding shareholders? And how much capital should be allocated to low-carbon activities versus to traditional hydrocarbons? 

Diverging views on the role of gas in the energy transition

• 01 February 2024

Comparing Wood Mackenzie’s Net Zero 2050 scenario to the IEA NZE

Wood Mackenzie and Ball Corporation announce satellite data analytics collaboration

• 11 November 2021

Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BLL) announced today that they have formed a strategic agreement between the two organisations to accelerate the development of advanced analytics for energy markets.

The slow recovery after Hurricane Ida

• 10 September 2021

Hurricanes are a fact of life in the Gulf of Mexico, and the energy industry has many decades of experience in managing the risks. But Hurricane Ida has been one of the most disruptive in recent years, and about 1.5 million barrels per day of US oil production is still offline. Increased rainfall and potentially higher wind speeds in future could further complicate the challenge of resilience.

Can China’s recovery turn the oil market around?

• 15 June 2023

Government starts pulling the levers to bolster the economy

Global upstream update: oil supply questions and portfolio resets

• 31 October 2024

In our latest Global Upstream Update, we explore the latest industry developments, reflect on their broader energy market impact, and consider what could happen next.

Brazil gas market reform unlocks investment across value chain

• 06 August 2019

Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities across the gas value chain, and boost investment in the country’s pre-salt.

Scott Morrison wins 2019 Australia election

• 20 May 2019

Following PM Scott Morrison's win in the recent 2019 Australia election, Wood Mackenzie and Verisk Maplecroft analysts share their thoughts.

Can conventional oil projects compete with L48 oil?

• 14 March 2018

US tight oil has arrived with a bang, disrupting the oil market. But can conventional oil projects compete? Our latest report looks at where tight oil and other pre-FID conventional projects sit on the global cost curve.

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

• 10 July 2019

French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.