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News Release
Carbon removal key to meeting Paris Agreement target
- 24 June 2021
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.
News Release
TotalEnergies named industry’s most-admired explorer
- 31 May 2021
For the second consecutive year, French major TotalEnergies has been named the upstream industry’s most-admired explorer, an accolade awarded as part of with Wood Mackenzie’s industry-leading annual Exploration Survey.
News Release
UK charts course for net zero North Sea
- 06 May 2021
The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.
News Release
Action to achieve Paris climate goals will upend oil and gas prices
- 15 April 2021
If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.
News Release
Carbon pricing plans ‘could transform upstream oil and gas economics’
- 31 March 2021
At present, few countries require producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But as governments seek to meet decarbonisation targets, that could soon change. Carbon charges are likely to come, and they will transform the upstream sector, affecting both asset values and the industry’s economics.
2891 related products from the Store that match
- Country Report
  Bolivia upstream summary slides
  - 02 March 2026
  We provide an upstream summary slide-pack on Bolivia. The report includes an overview of country trends and activities with analysis on key projects, investments, production and fiscal terms. The slides complement our more detailed upstream summary. Please refer to the main Bolivia upstream summary for a detailed description of reserves, production, infrastructure and fiscal terms for oil and gas.
- Asset Report
  L1/64 (Bung Ya) (formerly NC) & L21/43 (Nong Sa)
  - 02 March 2026
  The NC and L21/43 concession contracts are located in the Phitsanulok basin, onshore central Thailand. NC has two small oil fields, Bung Ya and Bung Ya Muang, which were brought onstream in 1991. The L21/43 concession contains five small fields and first production from the block was achieved in 2006 from Bung Ya West and Nong Sa. The combined initial reserves for the NC and L21/43 are estimated…
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Comment
Santos announces Barossa project FID
- 30 March 2021
Santos has sanctioned the Barossa project, which extends the life of Darwin LNG (DLNG) beyond 2040.
Comment
UK North Sea M&A gains pace with NEO, Waldorf deals
- 10 March 2021
The latest acquisitions by NEO Energy and Waldorf Production continue what has been blockbuster start to the year for UK M&A with buyers and sellers buoyed by the recent recovery in prices. Just over two months into 2021 and UK disclosed deal spend has reached US$2.7 billion, almost equalling last year’s total, making it one of the hottest markets globally.
Comment
OPEC+ surprises market as it extends output curbs
- 04 March 2021
OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.
Comment
Qatar Petroleum takes FID on North Field East
- 09 February 2021
Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.
Comment
Myanmar coup and impact on oil and gas industry
- 04 February 2021
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.
News Release
Resilience and sustainability to be core oil and gas themes of 2021
- 19 January 2021
Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.
Comment
China’s trucked LNG spot prices hit three-year high
- 12 January 2021
Spot prices of trucked LNG in China were highly volatile last month.
News Release
Decarbonisation key to future of Asia Pacific’s upstream industry
- 15 December 2020
Wood Mackenzie’s Asia Pacific upstream 2021 outlook report shows that the development of regional decarbonisation roadmaps is crucial to the future of the upstream industry.
News Release
Over US$11 billion of Australian gas projects to be sanctioned in 2021
- 10 December 2020
Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021.
News Release
Over three quarters of new LNG supply could be impacted in 2-degree world
- 09 December 2020
Wood Mackenzie’s latest report shows that over three quarters or 77% of new LNG supply are at risk under a 2-degree scenario.
News Release
ConocoPhillips swoops on Concho in $9.7bn all-stock deal
- 19 October 2020
Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in scale, ConocoPhillips is adding enough Permian production to nip at the heels of ExxonMobil’s massive programme."
News Release
Up to 7 mmtpa of spare capacity available at North West Shelf by 2027
- 07 September 2020
Wood Mackenzie’s latest report shows that the North West Shelf (NWS) LNG project could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity.
News Release
Global regas capacity under construction hits 10-year high at 144 mmtpa
- 02 September 2020
Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.
Comment
Turkey nets largest-ever find with Tuna-1 gas discovery
- 21 August 2020
A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural gas imports has also continued to grow.
News Release
Renewable energy could reduce Asia Pacific LNG plant emissions by 8%
- 17 August 2020
Using renewable energy to power liquefied natural gas (LNG) plants in Asia Pacific could reduce emissions by about 8%, says Wood Mackenzie.
News Release
Total named industry’s most-admired explorer in WoodMac survey
- 06 July 2020
French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s industry-leading annual Exploration Survey.
Comment
Shell's US$22bn write down 'signals fundamental change'
- 30 June 2020
Royal Dutch Shell said on 20 June it would write off assets worth up to $22 billion on the back of weakening oil and gas demand due to the coronavirus pandemic and a weaker energy price outlook.
News Release
Indonesia’s LNG demand continue to rise despite economic downturn
- 30 June 2020
Indonesia’s LNG demand is expected to be resilient against the coronavirus-led global economic downturn, says Wood Mackenzie. The country’s H2 2020 LNG demand could hit 3.1 million tonnes (Mt), a 1.2 Mt or 63% increase year-on-year.
News Release
Chesapeake Energy – shale’s great disruptor – files for Chapter 11
- 28 June 2020
Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection on 28 June, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: “It’s difficult to point to another company that has made more of a widespread impact on the US shale sector than Chesapeake.
News Release
NOCs to slash over a quarter of exploration budgets on average in 2020
- 20 May 2020
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
Comment
Shell dividend cut frees up US$10bn
- 30 April 2020
Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.
Comment
Arrow Energy sanctions Surat Gas Project
- 17 April 2020
Arrow Energy sanctions Surat Gas Project
Comment
Equinor carves Gulf of Mexico niche with Monument discovery
- 06 April 2020
Norwegian operator Equinor today announced it struck 200 feet of oil pay at the Monument exploration well, in the US Gulf of Mexico.
Comment
US$210bn of new spend in firing line as players target cost cuts
- 02 April 2020
The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.
News Release
Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply
- 01 April 2020
In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

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Search results: 1459

Carbon removal key to meeting Paris Agreement target

TotalEnergies named industry’s most-admired explorer

UK charts course for net zero North Sea

Action to achieve Paris climate goals will upend oil and gas prices

Carbon pricing plans ‘could transform upstream oil and gas economics’

2891 related products from the Store that match

Bolivia upstream summary slides

L1/64 (Bung Ya) (formerly NC) & L21/43 (Nong Sa)

Santos announces Barossa project FID

UK North Sea M&A gains pace with NEO, Waldorf deals

OPEC+ surprises market as it extends output curbs

Qatar Petroleum takes FID on North Field East

Myanmar coup and impact on oil and gas industry

Resilience and sustainability to be core oil and gas themes of 2021

China’s trucked LNG spot prices hit three-year high

Decarbonisation key to future of Asia Pacific’s upstream industry

Over US$11 billion of Australian gas projects to be sanctioned in 2021

Over three quarters of new LNG supply could be impacted in 2-degree world

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

Global regas capacity under construction hits 10-year high at 144 mmtpa

Turkey nets largest-ever find with Tuna-1 gas discovery

Renewable energy could reduce Asia Pacific LNG plant emissions by 8%

Total named industry’s most-admired explorer in WoodMac survey

Shell's US$22bn write down 'signals fundamental change'

Indonesia’s LNG demand continue to rise despite economic downturn

Chesapeake Energy – shale’s great disruptor – files for Chapter 11

NOCs to slash over a quarter of exploration budgets on average in 2020

Shell dividend cut frees up US$10bn

Arrow Energy sanctions Surat Gas Project

Equinor carves Gulf of Mexico niche with Monument discovery

US$210bn of new spend in firing line as players target cost cuts

Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

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