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ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well
- 06 October 2017
Following ExxonMobil's (NYSE: XOM) announcement this morning of its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana, Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream has the following comments.
Comment
BHP Shale Asset Divesture
- 20 September 2017
Commenting on BHP Billiton's plans to divest its U.S shale unit, Jon Weintraub, research analyst at Wood Mackenzie, said: "BHP's announced divesture of its onshore U.S. business is a pretty momentous step-change in its corporate strategy and marks the culmination of its push to be a major shale player. We expect to see all options being considered with a substantial amount of interest from multiple pools of buyers."
News Release
Global upstream FIDs on track to double in 2017
- 17 July 2017
In the first half of the year, the industry has already witnessed 15 project sanctions, almost comparable to project sanctions in the whole of 2016.
News Release
Return of Asian investment in US tight oil
- 08 May 2017
If Asia's largest upstream players want to grow production, Wood Mackenzie expects them to diversify into the US tight oil market.
News Release
Revival of deepwater industry: best projects closing gap
- 30 March 2017
The deepwater industry has emerged from the downturn leaner and more competitive with US tight oil
2435 related products from the Store that match
- Asset Report
  Lufeng Fields
  - 16 December 2025
  The Lufeng oil complex is located in the Pearl River Mouth Basin (PRMB) in the South China Sea. Haiyangshiyou 121 FPSO serves the cluster.The Lufeng 13-1 field was developed under PSC terms and came onstream in October 1993.
- Asset Report
  Mabrouk NE (Shell & OQ)
  - 16 December 2025
  The 'Greater Barik' area is located in central Oman, near to existing large non-associated gas projects. The area refers to two upstream blocks, Block 10 and Block 11. Block 10 includes the Mabrouk North East (Mabrouk NE) and Mabrouk West discoveries, made by Petroleum Development Oman (PDO) in 2017, as well as the Tawf Dahm and Jerian discoveries. This report covers the upstream development of…
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Opinion
The Asia energy market outlook for 2020
- 06 January 2020
A new year, a new decade and a lot of uncertainty across Asia’s energy markets. To kick off 2020 I spoke to several WoodMac analysts in the region to hear their predictions for the coming 12 months. I hope their thinking might surprise you!
Comment
ExxonMobil and QP land a giant with Glaucus
- 28 February 2019
ExxonMobil and partner Qatar Petroleum today announced they made a major gas find with the Glaucus-1 well, drilled offshore Cyprus. “Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. He added: “It will be one of the biggest discoveries of the year."
Opinion
Are Japan’s upstream players heading for the exit?
- 02 February 2021
Japan’s trading houses are re-thinking their long-term strategies around upstream investment.
Editorial
Can the right fiscal terms revive Asia-Pacific's upstream sector?
- 27 February 2019
Asia-Pacific's upstream industry has been plagued by declining oil production, exploration and licensing activity. Since 2014, exploration investment in the region has fallen 66% to around US$6 billion in 2018, reducing the hopper of new development opportunities.
Comment
Can the North Sea survive the price rout?
- 23 March 2020
The North Sea has weathered several storms in its 50-year existence. But the events of the past few weeks mean the sector is entering uncharted waters. The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003.
Comment
Bumpy road ahead as SEA navigates energy transition but opportunities aplenty
- 04 August 2021
Wood Mackenzie is organising the 2021 Southeast Asia Energy Forum today. Experts will be discussing key issues and opportunities facing the region’s energy industry over the coming decades.
News Release
Oil price rout may trigger major industry shake-up
- 10 March 2020
As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.
Opinion
Australia-China relations continue to sour
- 13 May 2021
With China buying around a third of everything Australia exports on a value basis, the downward spiral in Sino-Australian diplomatic relations is clearly of concern.
News Release
Major LNG buyers' uncontracted demand to quadruple by 2030
- 13 December 2018
Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.
Opinion
Strong gas demand raises questions over emissions
- 11 September 2023
As demand for gas grows, it poses challenges for global climate goals. Suppliers will come under increased pressure to curb their emissions.
News Release
Data consortiums signal the future of oil and gas
- 07 August 2019
Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.
Opinion
What forces will shape global gas markets over the next two decades?
- 13 August 2020
Global gas demand has proved resilient despite widespread coronavirus lockdowns - but supply dynamics are more challenging. Will gas and LNG demand continue to recover? And what forces will shape the market over the next two decades?
Opinion
Sub Saharan Africa upstream: 5 things to look for in 2024
- 08 January 2024
Sub Saharan Africa upstream will be firing on all cylinders in 2024. Exploration, particularly the deepwater Atlantic margin, will remain strong with several big wells planned in Namibia, Angola, Congo and Equatorial Guinea.
Opinion
COP26 oil demand: in the cross hairs of emissions reduction
- 18 August 2021
Our COP26 briefing considers the implications for the oil market and refining industry of a global concerted effort to reduce emissions and limit a temperature rise by 2050 to 2 °C.
News Release
7 Btpa of carbon capture needed to meet net zero by 2050
- 16 October 2023
Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Mhairidh Evans, head of CCUS research for Wood Mackenzie, said that urgency is needed to meet the seven billion tonnes carbon capture (Btpa) required to meet net zero goals in 2050.
News Release
A revitalised oil and gas sector can play a key role in Indonesia’s energy transition
- 27 July 2023
Indonesia’s oil and gas sector must undergo a major overhaul in the way it operates if it is to realise the full potential of the country’s natural resources and support a successful energy transition, according to a new white paper by Wood Mackenzie, a global insight business for renewables, energy and natural resources.
Editorial
Cautiously optimistic: global upstream outlook for 2017
- 11 January 2017
We look to 2017 as the dawn of a cautious recovery for the E&P sector, with investment edging upward.
Horizons
Hitting the brakes: how the energy transition could decelerate in the US
- 16 May 2024
The US is facing a pivotal moment for its energy future. Depending on the results of the election, investment in the energy and natural resources sectors could play out in very different ways.
Comment
ExxonMobil and Guyana hit Jackpot with latest offshore discovery
- 01 September 2018
ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Accounting for 15% of all conventional crude found globally since 2015, no other area has delivered as much conventional oil resource.
Comment
Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut
- 06 June 2020
OPEC+ today (6 June 2020) agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market further and could see Brent prices rise from the current $40/bbl toward $45-to-$50/bbl.
Opinion
The impact of travel restrictions on oil and gas supply chains
- 28 May 2020
The impact of travel restrictions is being felt across the industry from production, costs and projects being delayed.
Opinion
Oil price crash - where does Asia go from here?
- 17 March 2020
Oil demand has gone into a tailspin. We now expect Q1 global oil consumption to be 2.7 million b/d lower than the same period a year ago.
Opinion
Offshore influence: redefining the competitive landscape
- 19 August 2024
The corporate landscape of the subsea market has changed drastically over the last decade. A new wave of consolidation emerged in 2015, which forced operators to focus on two priorities – reducing costs and improving efficiency.
Webinar
Webinar | Middle East and North Africa Upstream
- 20 February 2024
2023 was a year in which the Middle East and North Africa (MENA) region consolidated 2022’s gains. 2024 heralds much uncertainty: an expansion of OPEC quotas will impact short term oil production across the region while capacity expansion continues apace.
Webinar
Webinar | A changing of the guard in Africa's upstream investment landscape
- 30 May 2024
Join Wood Mackenzie on 30th May 2024, for a discussion on where investment is trending in Africa, NOC spending patterns and more.

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Search results: 1436

ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well

BHP Shale Asset Divesture

Global upstream FIDs on track to double in 2017

Return of Asian investment in US tight oil

Revival of deepwater industry: best projects closing gap

2435 related products from the Store that match

Lufeng Fields

Mabrouk NE (Shell & OQ)

The Asia energy market outlook for 2020

ExxonMobil and QP land a giant with Glaucus

Are Japan’s upstream players heading for the exit?

Can the right fiscal terms revive Asia-Pacific's upstream sector?

Can the North Sea survive the price rout?

Bumpy road ahead as SEA navigates energy transition but opportunities aplenty

Oil price rout may trigger major industry shake-up

Australia-China relations continue to sour

Major LNG buyers' uncontracted demand to quadruple by 2030

Strong gas demand raises questions over emissions

Data consortiums signal the future of oil and gas

What forces will shape global gas markets over the next two decades?

Sub Saharan Africa upstream: 5 things to look for in 2024

COP26 oil demand: in the cross hairs of emissions reduction

7 Btpa of carbon capture needed to meet net zero by 2050

A revitalised oil and gas sector can play a key role in Indonesia’s energy transition

Cautiously optimistic: global upstream outlook for 2017

Hitting the brakes: how the energy transition could decelerate in the US

ExxonMobil and Guyana hit Jackpot with latest offshore discovery

Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

The impact of travel restrictions on oil and gas supply chains

Oil price crash - where does Asia go from here?

Offshore influence: redefining the competitive landscape

Webinar | Middle East and North Africa Upstream

Webinar | A changing of the guard in Africa's upstream investment landscape