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The Majors have made significant strides in reducing emissions over recent years. Decarbonisation work and portfolio reshaping have been key factors in bringing their emissions intensity figures well below the average for the sector. But how big is the emissions advantage for Majors’ new discoveries, and what factors affect their relative emissions intensity?
Equinor and Shell are to combine their UK offshore oil and gas assets in a new incorporated joint venture, owned 50/50. The deal will create the biggest producer on the UKCS. We delve into this topic in a recent video, fill out the form to access this full analysis.
After the fallout and uncertainty around the UK windfall tax, companies and government may put their differences aside and agree on an EPL successor.
The Latin America upstream sector will continue with its successful track record of expanding production but will also face challenges in 2025.
With a new administration and refreshed focus on domestic production growth set to take effect in January, the regulatory future looks bright.
Continental Europe is intensifying efforts to bolster energy security through increased gas production.
Canada's production growth carries on. But there are important nuances underneath total volume numbers.
From exploration in the deepwater Atlantic margin to LNG momentum and licensing rounds, a look at key themes this year.
A look at the best-advantaged resources of the year: who's drilling, where are the wells and what are they targeting?
Upstream and geothermal exploration: deepwater wildcats, acreage additions, advantaged basins and unlocking geothermal resources.
Explore Shell's downgraded Namibian oil discoveries in the Orange Basin and the challenges of deepwater exploration. Learn about Namibia's subsurface potential, exploration risks and future prospects for deepwater oil production.
What will the European Union’s Net-Zero Industry Act (NZIA) mean for Europe’s upstream oil and gas industry?
Geothermal energy is gaining momentum - driven by new tech, major investments and big tech partnerships. Is it the next big player in renewables?
Can legacy oil fields compete in a low-carbon era?
Global gas-fired power faces both opportunities and challenges through 2040, as manufacturing constraints, rising costs and regional dynamics shape the sector's outlook.
Our subsurface experts recently published the latest edition of WoodMac’s Geothermal Market Update, which provides comprehensive insight into project and policy developments in the sector.
Our Carbon Offset Market Outlook presents Wood Mackenzie’s base case scenario for the evolution of the offset market through 2050.
Despite the country’s vast gas resources, demand continues to exceed production.
The trend for fewer but larger deals continued in H1 2025 .
Can the region deliver secure, advantaged supply to Europe?
While Nigeria and Angola introduce fiscal reforms for mature offshore basins, high-impact exploration reveals untapped potential for Cretaceous plays.
From Nigeria to Namibia, how policy reforms, infrastructure, and gas monetisation are shaping Africa’s energy future..
As the region attracts new interest from explorers, Thailand hopes licencing can unlock new re-sources.
Day rates have held firm despite significant softening in oil prices since 2022, but can high prices pre-vail much longer?
What do the discovery of Norway’s ‘missing’ oil barrels and a 200 million barrel find in Polish waters mean for the European upstream sector?
Russia's oil and gas sector faces a year of gradual adjustment in 2026.
We expect record oil and gas production in 2026 from the Caspian's upstream sector.
Asia Pacific's upstream sector is shifting gears, and the corporate and asset landscape is changing. Complex mega-projects are being shelved as operators prioritise execution certainty and speed over scale.
From the East Med to the Black Sea, Continental Europe enters a defining year.
Sub-Saharan Africa’s upstream sector enters 2026 with strong momentum.
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