Energy transition outlook: Middle East

• 18 February 2025

Energy transition progress slows in our latest update – but uncertainty around pace and duration pushes the Middle East to prioritise resiliency.

Crude For Thought

• 11 December 2018

Join our experts for a sometimes unconventional perspective on unconventionals and upstream as a whole.

IE Week Briefings 2026

• 11 February 2026

Join us on Wednesday 11th February for our IE week briefings on the latest opportunities and challenges in the global oil and gas markets in 2026.

Webinar | Delivering CCUS potential in APAC: Policy efficacy and ecosystem dynamics

• 24 April 2024

Join us at our webinar in partnership with the Asia CCUS network where we discuss CCUS policy efficacy and ecosystem dynamics in APAC.

Webinar | Global Oil Market Implications

• 09 March 2020

Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

Webinar: What oil supply is at risk of shut in?

• 09 April 2020

During the last downturn in 2015/16 supply was relatively unaffected. Even the highest cost wedges kept producing; the associated shut-in costs were deemed too high. But prices only dipped below US$45/bbl for a year, and below US$35/bbl for one quarter. Storage levels were of less concern. There is no precedent for the scale of potential shut-ins for today’s asset classes, if oil prices remain low for a prolonged period. The industry’s ability to keep higher-cost barrels flowing is being severely tested. This downturn, there could be a significant impact on currently producing fields as well as future supply.

Webinar: Oil price crash: navigating the impact on activity, supply chains and cost

• 08 April 2020

In this webinar we bring together experts from Wood Mackenzie’s Lower 48, upstream and upstream supply chain teams as well as our sister company, Power Advocate, to discuss the impact of the oil price crash on activity levels, the service sector industry and costs.

Webinar | Oil price crash: fiscal responses

• 30 April 2020

Oil price crash: what next for fiscal terms? Petroleum investors, producers, suppliers and governments are coming together to try and find solutions to the current industry crisis. The oil revenue cake that they all feast on has shrunk, dramatically.

Webinar | Global exploration before and after Covid-19

• 28 May 2020

Our annual survey of the global exploration industry, conducted largely before coronavirus hit and the oil price crashed, showed signs of cautious optimism. Despite the threat posed by the energy transition, explorers were looking forward to another 30 years of exploration. There was, however, a keen awareness of the challenges ahead – the fight to remain investible, the need to increase capital efficiency and the opportunities and risks presented by deepwater exploration. Join us for a webinar discussing the results on the 2020 survey both in the context of the pre-COVID-19 view and in light of the new world we live in. We’ll cover which exploration companies stood out from the pack in 2019, the changing focus of explorers and the role of exploration in today’s energy companies.

China’s carbon neutrality bill could hit over US$5 trillion

• 08 October 2020

Wood Mackenzie’s latest analysis shows over US$5 trillion of investments would be needed for China to reach its pathway for carbon-neutrality by 2060.

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 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.

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.

China's renewables boom year poses major challenges to western markets

• 17 February 2022

China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.

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.

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.

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.

Oil and refined products in 2025: a commodity trader’s guide

• 14 April 2025

In an energy hungry world beset by growing trade tensions and shifting energy policy, volatility creates opportunity for commodity traders who can stay one step ahead of market shifts. So, what are the opportunities and challenges set to shape crude and refined product markets as 2025 progresses?

Refinery-chemicals integration: how to benchmark success

• 17 September 2020

The growing trend of integrated refinery-chemical facilities is intensifying. Standalone oil refineries, focused only on fuel, are looking increasingly outdated as the energy transition takes hold.

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.

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.

The blockade on Libya’s oil exports

• 24 January 2020

Libya’s crude production has slumped, oil CEOs have been debating emissions cuts, and surging LNG supplies has driven down world gas prices. This and more from Ed Crooks.

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

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.

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.

Is Asia’s oil market recovery losing pace?

• 15 September 2021

Continued restrictions on mobility reverberate through to demand for transportation fuels in Asia Pacific.

Santos announces Barossa project FID

• 30 March 2021

Santos has sanctioned the Barossa project, which extends the life of Darwin LNG (DLNG) beyond 2040.

Biofuels Production Monitor

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

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.