With $9B BM-C-33 FID in Brazil, Equinor to increase its deepwater production outside of Norway to 400,000 boe/d by end of the decade

• 09 5月 2023

Addressing Equinor’s announced final investment decision (FID) for Brazil’s $9 billion BM-C-33 project, Luiz Hayum, senior research analyst, Latin America and Sub-Saharan Africa Upstream Oil and Gas, said “The BM-C-33 is Equinor’s second FID in a long list of justified for development deepwater projects outside Norway. Once sanctioned, these projects will increase Equinor’s operated deepwater production outside Norway from near zero to 400,000 boe/d by the end of the decade.”

Woodside announces Trion field FID, Mexico’s first deepwater oilfield development

• 22 6月 2023

Addressing Woodside’s announced final investment decision (FID) of Trion field, Diego Alviso Becerril, Senior Research Analyst, Upstream Research LATAM, said “This will be Woodside’s first incursion into Mexican waters and Mexico’s first deepwater oil field development. With first oil scheduled for 2028, the development concept considers a US$7.2 billion investment to recover 479 million barrels of equivalent (mmboe).”

New offshore oil and gas developments in Colombia face challenges to deliver on nation’s long-term energy security

• 28 9月 2023

Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability and required infrastructure investments all make the situation uncertain, according to a recent report from Wood Mackenzie.

Fast output recovery of oil and gas still challenging with easing of US sanctions on Venezuela

• 20 10月 2023

Addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector, Adrian Lara, principal research analyst, Latin America Upstream Oil and Gas for Wood Mackenzie said, “Although still conditioned by a subsequent renewal, this new easing of sanctions can certainly be considered a positive move towards the recovery of the Venezuelan oil and gas sector. However, it does not guarantee a rapid or permanent recovery of production, given the required investment needed to deal with current infrastructure repairs and bottlenecks.”

US upstream gas sector poised to gain from higher Henry Hub prices

• 29 5月 2025

Discover why US gas producers are poised for gains as Henry Hub prices surge, and what it means for Big Oil's investment strategies

Guyana and Suriname could provide 12 mmtpa of cost-competitive LNG in the 2030s

• 04 11月 2024

Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie.

South America to add 160 GW of solar PV capacity by 2034

• 05 3月 2025

Wood Mackenzie's latest report on the South American solar PV market reveals that the region will add 160 GWdc of solar capacity between 2025 and 2034, driven by diversification efforts, growing power demand, and favourable system economics. The report "South America Solar PV Market Outlook 2025" provides a comprehensive analysis of the region's solar energy landscape, power sector dynamics, 10-year solar PV installation outlook, and policy impacts across key markets.

Production from Argentina's Vaca Muerta to reach 113 kboed by 2018

• 04 5月 2017

The seven most advanced developments are expected to see production increases of 43% in 2017.

Brazil and ExxonMobil win big at oilfield auction

• 05 10月 2017

Following Brazil's record oil field auction yesterday, where ExxonMobil (NYSE: XOM) vastly expanded its presence in the country with winning stakes in ten blocks, including eight deepwater blocks in the Campos basin, Horacio Cuenca, Research Director, Upstream Latin America at Wood Mackenzie offers the following commentary.

ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well

• 06 10月 2017

Following ExxonMobil's (NYSE: XOM) announcement this morning of its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana, Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream has the following comments.

Latin America to buck global exploration trend in 2018

• 22 1月 2018

Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.

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.

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.

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.

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?

Puerto Rico microgrid market to more than double by end of 2024

• 03 6月 2019

New research from Wood Mackenzie forecasts the microgrid market in Puerto Rico will reach 228 megawatts (MW) by the end of 2024, more than double the microgrid generation capacity currently available on the island.

Mexico to lead Central America, Caribbean wind power growth

• 03 7月 2019

More than 9.5 gigawatts (GW) of new wind power capacity will be commissioned in Central America and the Caribbean through 2028, driven by central planning authorities in smaller markets and the attractive value proposition of the technology in Mexico, new research from Wood Mackenzie found.

Dominican Republic launches first licensing round

• 10 7月 2019

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

Brazil gas market reform unlocks investment across value chain

• 06 8月 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.

Data consortiums signal the future of oil and gas

• 07 8月 2019

Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.

Jethro-1 delivers the goods for Tullow

• 13 8月 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.

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The case for high-impact exploration through the downturn

• 01 5月 2025

As oil prices dip, energy giants turn to bold exploration strategies in frontier basins to unlock the next wave of low-cost, high-value discoveries.

Energy and the ‘big beautiful bill’

• 06 6月 2025

Dive into the high-stakes world of energy policy and its role in the US-China AI race, featuring insights from top experts at the ACORE Finance Forum in New York

It’s turbulent times for the wind sector in the US, but the outlook is better across the pond

• 03 6月 2025

As US wind energy faces headwinds, what can it learn from Europe's thriving offshore wind industry to navigate turbulent policy waters?

Video | Lens Gas & LNG: Golar and partners' FID set to revive Argentina's LNG export ambitions

• 07 5月 2025

The 2.45 mmtpa Hilli vessel will be re-deployed from Cameroon to Argentina under a 20-year charter agreement.

Horizons Live: Tough at the top

• 09 5月 2025

Is US energy dominance built to last? Discover the key challenges and market forces shaping America's energy future.

EBOS: the unsung hero that’s accelerating clean energy deployment

• 24 6月 2025

EBOS is the backbone of every solar project - find out how Shoals is helping developers cut costs, prevent failures and power clean energy growth

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