We are excited to announce that as of February 1, Wood Mackenzie is a portfolio company of Veritas Capital, a leading investor at the intersection of technology and government. Our focus remains on providing you with the best intelligence, analytics, data and tools to ensure you are making the best data-driven business decisions with confidence.  

Read more in our news release here. 


Energy Snapshot: Industry themes - May 2019

Get this report


You can pay by card or invoice

Contact us

Submit your details to receive further information about this report.

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

13 May 2019

Energy Snapshot: Industry themes - May 2019

Report summary

Upstream M&A was subdued in Q1, but burst into life with Occidental winning the battle for Anadarko. The temptation of the upside in the Permian and a subdued market was too attractive to forgo for Occidental. We forecast a strong rise in investment in LNG, which raises the question of whether higher costs could return? Although China building new infrastructure to attract LNG, short-term LNG charter rates are depressed. But the rise in Carbon prices in Europe should be positive for gas. Upstream, we draw attention to: the Transfer of Rights in Brazil that will attract big signature bonuses, Cyprus assessing where its gas will go and BP sanctioning a big project in Azerbaijan. We are also expecting longer-term offshore rig rates to rise, whilst our short-term oil price is steady, but with less Iranian oil. Downstream, big crude-to-chemical projects are gaining momentum which will impact petrochemical trade flows.

Table of contents

  • Mixed signals

Tables and charts

This report includes 1 images and tables including:

What's included

This report contains:

  • Document

    Energy Snapshot Industry Themes May 2019.pdf

    PDF 1.39 MB