Tight oil news: Majors go bullish as Independents rein in

• 12 March 2019

The Permian is being industrialised – fact. Chevron and ExxonMobil aggressively raised production targets this week, underlining the basin’s potential for growth.

Infographic | Scope for improvement

• 28 November 2024

Emerging regulations and mandatory reporting requirements are pushing the oil and gas industry to address the long-overlooked challenge of Scope 3 emissions.

Big Beautiful Gulf 1 lease sale shows "targeted" approach in new leasing era

• 11 December 2025

The US Bureau of Ocean Energy Management (BOEM) concluded the Big Beautiful Gulf 1 (BBG1) on December 10, 2025. The sale attracted just over $300 million in bids, with the number of bids down 37.8% compared to the most recent lease sale 261.

Biofuels Production Monitor

Real-time renewable and biodiesel production alerts for key facilities across North America.

Plugging the methane leaks

• 29 October 2021

The Biden administration and key members of Congress are in negotiations over legislation that could include a new fee on methane emissions from US oil and gas facilities. If it passes into law, the fee would have a widely varying impact across regions and across companies.

Negative prices reveal the crisis for US oil

• 24 April 2020

The most-watched US crude futures fell below zero on Monday, in a sign of the extreme conditions facing the industry

What’s shaping CCUS project costs?

• 02 May 2023

A better understanding of carbon capture, utilisation and storage (CCUS) costs is needed before the technology can become a commercial reality on a truly global scale.

Upstream players need to boost spending to meet future demand

• 24 October 2018

Wood Mackenzie forecasts that global oil and gas development spend needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade.

Argentina LNG exports positioned to meet peak demand in Asia

• 13 June 2019

Rising natural gas production in Argentina, coupled with competitive global LNG transportation costs, is expected to position the country as an emerging source of gas supply to Asia during peak demand periods, according to new research from Wood Mackenzie.

OPEC underpins oil markets into 2018 - green light for tight oil growth

• 29 May 2017

The firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year. Three main aspects of the decision stand out.

Chance of a lifetime: can India show the developing world a unique path to net zero?

• 18 January 2024

India’s global profile is soaring. It already boasts the world’s largest population and is forecast to be the fastest-growing major economy over the coming decades. By 2050, it will be the world’s third-largest economy, up from sixth today.

A tantalising year for North Sea exploration

• 06 June 2019

As we near the mid-point of 2019, we focus on three exciting North Sea exploration areas to discover how the industry is continuing the upward global trend.

Predictions for 2022

• 17 December 2021

2022 could see rising carbon prices, greater distributed solar capacity, tighter supply chains for renewable energy and a double-digit market share for EVs.

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

• 06 December 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

OPEC+ set for rollover but risk clouds supply outlook

• 30 June 2019

As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

Carbon capture and the future of LNG in Asia

• 08 September 2021

With LNG projects among the most emission-intense assets in the oil and gas sector, many companies are now actively working to lower the carbon intensity of their LNG portfolio.

The coronavirus crisis: assessing the impact on energy

• 27 March 2020

Demand for oil, gas and power is recovering in China, but falling sharply in the rest of the world. The coronavirus pandemic has already had a profound impact on energy, with oil prices plunging and companies taking an axe to their capital spending plans. But the implications of the crisis are only just starting to emerge.

Oil demand to 2018: Where could we be wrong?

• 14 March 2017

Global oil demand is in for a year of strong growth but even small changes to our forecast could have major implications for price.

Southern cone gas and power market to invest US$46 billion in gas production and US$94 billion in new power supply through 2033

• 30 November 2023

Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, while wind will add 31 GW of onshore projects through 2033, with the total investment in new power supply leading to a cumulative capacity of 400 GW by 2033, based on a new analysis from Wood Mackenzie.

How carbon pricing could reshape upstream oil and gas economics

• 31 March 2021

Few countries currently require oil and gas producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But that could soon change. Higher carbon charges are not a case of ‘if’ but when, where and how much — raising serious questions for investors.

Beyond ESG: measuring corporate sustainability in an uncertain world

• 19 March 2024

ESG may have lost its lustre, but the issues haven't gone away.

The unique role that oil and gas companies have in the energy transition

• 20 September 2022

What competitive advantages do oil and gas companies have to reduce global emissions as part of the energy transition?

Australia’s North West Shelf set for change

• 24 June 2020

Chevron’s announcement to offer its 16.7% stake in the North West Shelf (NWS) LNG project for sale has surprised some.

Big themes and risks for energy in 2021

• 11 December 2020

After a tumultuous 2020, what will shape the energy world in 2021? We look at five themes to watch – economic boom, action on climate change, oil demand, industry finances and upstream investment.

CCS could have material impact on carbon emissions of LNG projects

• 25 August 2021

The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie,

Upstream: short-term spend and long-term trend

• 27 January 2022

Cost efficiency is the key. Longer-term, around US$400 billion is required annually in real terms. Resource-holding NOC's share of global spend is increasing and energy transition risks are growing.

What next for the oil market as the US reimposes sanctions on Iran?

• 06 November 2018

What next for the oil market as the US reimposes sanctions on Iran?

Abadi LNG gets greenlight for revised Plan of Development

• 15 July 2019

The Government of Indonesia has approved the revised Plan of Development for the Abadi LNG project. INPEX (operator, 65%) and Shell (35%) will develop Abadi via an offshore production facility and a 9.5 million tonnes per annum (mmpta) onshore LNG plant, at an estimated cost of US$20 billion.

Lift off as Sputnik partners hit oil

• 20 August 2019

Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.

Conflicts of interest: the cost of investing in the energy transition in a high interest-rate era

• 18 April 2024

In this April edition of Horizons, we assess the cost of investing in the energy transition in a high-interest-rate era.