• Comment

  China retaliates with tariffs on $34 billion worth of US goods

  • 18 6月 2018

  Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.

• Comment

  Potential gas shortfall in Australia's East Coast starting between 2023 and 2025

  • 22 6月 2018

  In contrast to the 2018 GSOO released today by the AEMO, Wood Mackenzie’s East Coast Gas report identifies a potential gas shortfall between 2023 and 2025, significantly earlier to the GSOO’s estimate of 2030.

• 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.

• News Release

  Australian gas shortages loom as LNG exporters and domestic consumers compete for supply

  • 11 9月 2018

  The pace and scale of transformation in the east Australian gas market over the past five years has put gas – both its availability and its pricing – firmly on the country’s political agenda. Global natural resources consultancy Wood Mackenzie today releases its Australia East Coast Gas Market Outlook 2018-2032. The report offers a comprehensive overview of the dynamics shaping the gas market, including the drivers of domestic gas demand, how gas flows will change and price dynamics.

• 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

• 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.

• 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.

• News Release

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

  • 21 11月 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.

• 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.

• Comment

  OPEC and Russia agree output deal

  • 07 12月 2018

  OPEC and its allies agreed a 1.2 million barrel per day cut after two days of tense meetings in Vienna.

• News Release

  Major LNG buyers' uncontracted demand to quadruple by 2030

  • 13 12月 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.

• News Release

  Upstream companies positioned to thrive in 2019

  • 17 12月 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.

• News Release

  North America to lead next wave of global LNG projects

  • 18 12月 2018

  North America will lead the next wave of global LNG project sanctions in 2019, with three US Gulf Coast developments expected to reach final investment decision (FID) in the first half of 2019, according to Wood Mackenzie's latest quarterly North America LNG projects update.

• Comment

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

  • 02 1月 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

  Outlook sluggish for upstream M&A

  • 21 1月 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

  Brent set to average $65/b in 2019

  • 21 1月 2019

  Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the volatility, with political uncertainty compounding concerns of a sharper than expected economic slowdown. What's the outlook for 2019?

• Comment

  Glengorm ‘largest UK gas find since 2008’

  • 29 1月 2019

  CNOOC Ltd and Total's Glengorm gas discovery, in teh Central North Sea, is the largest gas find in UK waters since Culzean in 2008

• News Release

  Has FLNG crested the wave?

  • 30 1月 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.

• Comment

  Sanctions to squeeze Venezuela’s output

  • 01 2月 2019

  The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have on state-run oil producer PDVSA and the country’s energy sector?

• News Release

  Golden Pass crests second wave of US LNG

  • 05 2月 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

  Smoother sailing ahead for upstream supply chain players

  • 06 2月 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.