Industry slashes spending as price rout deepens: Can companies cope?

• 19 March 2020

Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

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

• 16 March 2022

Shell and TotalEnergies’ giant deepwater discoveries could be transformational.

China’s demand drops for first time since 2009 as coronavirus hits oil markets

• 04 February 2020

The near-term impact of the coronavirus outbreak on oil demand remains uncertain as much depends upon when and how China’s manufacturing industry restarts after the currently extended Lunar New Year public holiday.

US midstream takes hit as Lower 48 E&Ps turn off taps

• 03 June 2020

The oil price crash has hit the US Lower 48 hard. But as exploration and production companies work to mitigate the impact of the crash on their businesses, their strategies are affecting the region’s midstream players.

What changed energy markets in the 2010s?

• 14 January 2020

Can a decade be a turning point? So much happened in the energy sector, the 2010s might be seen as just that.

When will Tesla make a profit?

• 22 January 2020

When will Tesla make a profit? Will Tesla make a small car? Who makes Tesla batteries? Wood Mackenzie answers your frequently asked questions about US car manufacturer Tesla.

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.

What’s next for energy after the US elections?

• 11 November 2024

With a new Trump administration set to steer US energy policy, what changes lie ahead for energy? Join Ed Crooks and expert guests as they break down the impacts on energy policy, renewables and the Inflation Reduction Act.

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.

Tough calls for the upstream supply chain in 2021

• 25 January 2021

This will be a defining year for the upstream supply chain, with many service sector companies facing stark decisions about their future direction. Read our predictions and expert analysis in ‘Upstream supply chain: 4 things to look for in 2021’.

Offshore influence: redefining the competitive landscape

• 19 August 2024

The corporate landscape of the subsea market has changed drastically over the last decade. A new wave of consolidation emerged in 2015, which forced operators to focus on two priorities – reducing costs and improving efficiency.

Ethylene

Gain essential insight into supply/demand, capacity developments and price forecasts to understand today’s markets and tomorrow’s trends.

Why Covid-19 is the ultimate energy transition stress test for refiners

• 20 July 2020

Covid-19 is a threat to global refiners. Who will thrive? Who will merely survive? And what does this tell us about refiners’ resilience and readiness to take on the energy transition?

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?

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

• 01 September 2022

High natural gas prices will continue to drive down European demand to seven percent below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, in line with the five-year average, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

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?

How uncertainty will define the oil market in 2021

• 28 January 2021

Covid-19 and the oil price crash sent shockwaves through the oil market in 2020. How will continuing uncertainty affect global demand, supply and refining in 2021?

Lower 48 midstream not immune to oil price volatility

• 03 June 2020

Very little new drilling makes sense in the Lower 48 at US$35/bbl (WTI). What does it mean for midstream players when E&Ps decelerate production to survive the downturn?

US renewables annual capacity additions to nearly triple in 10 years

• 15 September 2023

Speaking at the RE+ conference in Las Vegas, Chris Seiple, vice chairman, power and renewables for Wood Mackenzie said that with the Inflation Reduction Act (IRA) driving the economic competitiveness of renewables, annual capacity additions will nearly triple in 10 years to 110 gigawatts (GW).

How will the Asia Pacific upstream sector emerge from the crisis?

• 17 June 2020

Clearly, economic and oil price recovery remains at risk. How much upstream capital will NOCs, Majors, IOCs and regional players allocate to Asia Pacific in this environment?

Japan's INPEX signs deal with Indonesia on Masela block development

• 17 June 2019

The HoA formalises the recent outline agreement between the Government of Indonesia and INPEX on the Masela development project.

Has Covid-19 left the apparel industry hanging by a thread?

• 01 July 2020

Fibres markets have been hit hard by coronavirus, and the apparel sector – where 55% of total fibre volume was consumed in 2019 – is where the value chain has been most exposed.

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.

Taking the power back

• 13 September 2023

Billions of barrels of undeveloped hydrocarbons are being left on the shelf, but these old discoveries could be crucial to plugging the supply gap.

Buyers' market as Gulf of Mexico lease sale wraps up

• 20 March 2019

The US Gulf of Mexico region wide Lease Sale 252 was held today, 20 March 2019. The sale attracted 257 bids from 30 companies, with high bids totalling US$244.3 million. An increase of about $66 million (37%) from the last region-wide lease sale in August 2018.

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

• 16 February 2023

The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

Qatar eyes LNG top spot as it primes 64% output boost

• 26 November 2019

On 25 November, Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126 million tpa by 2027 – following a successful appraisal of the North Field’s onshore extension, near Ras Laffan Industrial City.

How will President Trump manage the COP21 treaty?

• 16 March 2017

President Trump is reviewing the US commitment to the 2015 Paris climate agreement (known as COP21). How will his actions affect the global coal market?

Trump vs Biden: what does the election mean for US coal markets?

• 09 September 2020

In 2016, Trump promised to stop the “war on coal” – but what policy changes has he made in office, and how have coal markets fared under his watch? And how might a Biden win change the picture?

Steel decarbonisation to redefine supply chains by 2050

• 19 October 2023

The rise of electric-arc furnace technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns.