Three critical factors to developing Africa’s oil and gas resources

• 27 September 2023

Africa is blessed with abundant oil and gas resources but stands at a crossroads. The continent is yet to realise the full potential of its energy wealth.

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).

OPEC+ aims for balance as it rolls over output curbs

• 02 July 2019

Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

Energy companies seek answers amid US tariff uncertainty

• 07 March 2025

The evolving US tariff landscape is creating uncertainty across industries, especially in energy, with fluctuating import tariffs impacting global markets and forcing businesses to adapt.

UK's 32nd Offshore Licensing Round

• 08 September 2020

The UK's 32nd Offshore Licensing Round can be considered a success, but what is the future of licensing in the UK North Sea?

What would an EU carbon border adjustment mechanism mean?

• 14 July 2021

The EU Commission proposed a carbon border adjustment mechanism (CBAM) as part of today’s “Fit for 55” package. James Whiteside, global head of multi-commodity research at Wood Mackenzie, said: “As the first mechanism of its kind, the CBAM is being designed in consultation with industry to avoid unintended consequences. “A CBAM that does not cover a substantial portion of the production chain will encourage carbon leakage - pushing emissions beyond the borders of the EU or shifting competition between EU and non-EU producers to the next stage of the value chain.”

How the worst oil price crash in history changed the upstream industry

• 24 June 2020

The oil price crash has wiped US$1.6 trillion off our valuation of the global upstream industry. This captures the impact of our downgraded long-term Brent price assumption – now US$50/bbl (2020 terms), previously US$60/bbl – and much more. Which regions and players have been hit hardest? What measures have been taken to survive?

OPEC+ plans to boost oil production

• 07 June 2024

The OPEC+ countries are taking on the delicate task of trying to raise oil production without crashing the market. They are starting cautiously, but the global economic outlook holds plenty of downside risks for demand and prices.

Deepwater Gulf of Mexico stages a comeback in 2018

• 05 January 2018

The U.S. deepwater Gulf of Mexico sector has struggled since crude dropped in late 2014. However, as costs finally settle at a bottom and operators set a new standard for operational efficiency, 2018 might just be a turning point for the sector.

When will pre-FID oil projects be commercial again?

• 13 July 2016

If prices remain at $50/bbl, then most major conventional projects are at risk of deferral or cancellation. Which projects will breakeven and which will be profitable?

What will 2020 look like in Asia Pacific for gas and LNG?

• 18 December 2019

The global LNG market spent 2019 in the depths of oversupply with Asian spot LNG prices hitting an all-time low of $4.3/MMBtu in September.

How will oil and gas companies get to Scope 3 net zero?

• 27 October 2022

Only ten major oil and gas companies have set Scope 3 net zero ambitions – so far three broad business models for dealing with this complex challenge are emerging.

Tight oil or deepwater: which is more valuable?

• 23 July 2019

Deepwater and tight oil project economics are often presented differently. But what happens if we use the same investment metrics to evaluate both?

Can conventional oil projects compete with L48 oil?

• 14 March 2018

US tight oil has arrived with a bang, disrupting the oil market. But can conventional oil projects compete? Our latest report looks at where tight oil and other pre-FID conventional projects sit on the global cost curve.

North America Company & Play Analysis Tool

Pull apart company value data and forecasts to benchmark regions, plays and operators on the metrics that matter.

Does the bull market in oil rigs signal a slower transition?

• 08 June 2023

Deepwater hot spots drive up demand for drilling

Oil price rout: which supply is most at risk of shut-in?

• 27 March 2020

The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

TechnipFMC demerger 'a bold step to reposition for the long-term'

• 27 August 2019

In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

All eyes on OPEC meeting as group mulls easing of production restraint

• 01 December 2020

OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

What's behind Libya's production boost?

• 20 October 2017

Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

• 02 May 2024

A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.

Is the world sleepwalking into an oil supply crunch?

• 16 July 2021

Where new oil supply to 2030 will come from and what it costs

Deeper OPEC+ supply cuts sends supportive signal to markets

• 06 December 2019

After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.

How Asia’s NOCs can learn to stop worrying and love the energy transition

• 28 January 2020

All oil and gas companies are in a state of flux. Driven by the energy transition, upstream supply must now be low cost, low risk and, increasingly, lower carbon. Lenders and shareholders seek clear strategies on emissions reduction, while still expecting the returns that attracted them to oil and gas companies in the first place.

New rules and frameworks in global carbon policies

• 15 April 2024

Read on for developments in carbon policy coming out of the US, UK and EU

CNRL hits Cdn$100 billion market valuation milestone

• 25 May 2022

Wood Mackenzie experts investigate Canadian Natural Resources' upstream portfolio, exploring how the company stacks up against other large North American producers, what's driving the C$100 billion market valuation, future opportunities, and potential risks.

Wood Mackenzie weighs in on COP26 key takeaways

• 15 November 2021

Following the conclusion of the COP26 on November 13, Wood Mackenzie experts weigh in on the key developments of the conference.

What would a Joe Biden win mean for oil and gas?

• 29 July 2020

As Joe Biden nudges ahead in the US presidential polls, the oil and gas industry should prepare for far-reaching potential changes.

What will a fresh output cap at Groningen mean for the gas market?

• 01 February 2018

A new cap on production from the Netherlands' giant Groningen gas field may have an impact on the security of Europe's gas supply, hurt Dutch treasury receipts and prompt a reassessment of the field's remaining value.

Deepwater vs tight oil: levelling the playing field

• 20 April 2017

All eyes have been on US tight oil breakevens and the Permian boom during the past few years. But as deep water exploration has become leaner, this part of the industry has been quietly recovering and improving its own economics.