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Having attended many APPEA events in the past, this was the first time renewable energy sources - hydrogen in particular - were put under the spotlight.
Offsetting can be both a decarbonisation tool and a financial instrument – but cannot replace carbon mitigation solutions.
Join our webinar on the 2nd December as we discuss the global deepwater state of the industry
Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.
Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.
Block 6 is Oman's largest and most significant oil and gas operation. The contract area covers most of the Oman Mountain Foldbelt and Rub al Khali basins and includes the Ghaba and Fahud salt basins which are both prolific for gas. PDO is Oman's swing gas producer, helping to meet domestic demand.
Pazanan, Rag Sefid and Ramshir are onshore oil and gas fields located 275 kilometres northwest of Shiraz, in southwest Iran. They fall under the supervision of the National Iranian South Oil Company (NISOC), a subsidiary of the National Iranian Oil Company (NIOC).Pazanan and Rag Sefid have the biggest gas caps among Iranian oil fields. Pazanan has a 600-metre gas column, which initially contained…
Chrysaor on 18 April 2019 agreed to buy ConocoPhillips’ North Sea assets in a US$2.7 billion deal. The purchase will make Chrysaor the top producer in the UK in 2019 and keep it among the UK's largest producers for the next few years.
Rising ESG pressure for public companies to decarbonise is bringing more upstream assets to the market, presenting an opportunity for private equity.
Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian basin, Ryan Duman, Senior Analyst, Lower 48, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.
International gas and LNG prices have collapsed. For most of 2019, the global market has seen improving gas supply and intense supplier competition result in lower prices. What does this mean for Australia's east coast gas market?
In this month's episode of the MENA in Brief podcast, Ian Thom and his guests discuss unconventional gas project announcements in Saudi Arabia and UAE.
Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.
OPEC and non-OPEC producers agree to extend production curbs through 2018
Ben Shattuck, Principal Analyst and upstream expert, discusses the winners of our inaugural "Permian Upstream Awards."
Rig utilization has returned to pre-COVID levels, driving rates up 40 percent in the past year as demand is forecast to increase another 20 percent from 2024-2025, according to a recent report from Wood Mackenzie.
According to research by Wood Mackenzie, a second wave of LNG investments is building, both in Australia and globally, and these projects need to compete to progress
French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey.
Argentina’s new president is committed to privatisation and deregulation, but first inflation must be tamed.
Can the hosts make good on their accelerated energy transition goal?
The slower pace of the energy transition is influencing Big Oil’s capital allocation. What share of cash flow is the industry re-investing? How much will upstream spend rise in 2025? Why have NOCs become the biggest spenders on low carbon?
The challenges in accelerating the energy transition
The upstream industry in Africa is thriving. Giant oil discoveries in the last two years add to a positive investment outlook that's the envy of other oil and gas provinces. What can African governments do to maximise the value of their resources?
What is the trajectory of oil demand in a world that’s decarbonising and how will that influence prices?
High-impact exploration has kept a low profile over the last decade. Will the need for the global economy to diversify away from Russian oil and gas breathe new life into exploration?
Big Oil is determined to show it’s part of the solution for climate change. How much has investment in new energy ramped up, where do CCS and hydrogen fit in, and when will spend on low carbon catch up with oil and gas?
How capital discipline led a return to value creation
Big Oil faces sluggish oil demand, weak gas prices, the energy transition and the implications of next year’s US Presidential election. How can Big Oil stay investible in this environment?
Oil and gas producing giants, Rosneft, Saudi Aramco and Qatar Petroleum, broaden their growth options with new international investments. Get Simon's analysis of what's driving the trio's moves.
The industry isn’t finding enough oil. We need more Guyanas, a lot more, and we need them soon. Without them, the oil market is in danger of tightening in the not too distant future.
Delivering production growth after three years of low oil prices is an achievement, and combined with higher oil prices, was the primary factor behind good upstream earnings.
US tight oil’s second phase of growth is well underway. We expect tight oil production to double from 4.7 million b/d today to around 9.5 million b/d in the mid-2020s – and our view is by no means the most bullish.
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