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Petronas takes 10% stake in Oman’s Khazzan development
- 23 October 2018
Malaysian NOC Petronas buys a 10% interest in Oman's Khazzan development
News Release
How do the Majors stack up in the Lower 48?
- 16 October 2018
The Major oil and gas companies have made big strategic bets on the US Lower 48's unconventional plays. The scale, returns and investment flexibility offered by tight oil and gas has made it an essential part of most major players’ portfolios. But how do the players compare to each other?
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Ensco beefs up fleet with Rowan deal
- 08 October 2018
Offshore driller Ensco is poised to buy smaller rival Rowan in an all-stock deal valued at $2.38 billion.
Comment
Total hits the jackpot at Glendronach
- 24 September 2018
Total has made a major gas discovery in the UK's West of Shetland region, hitting an estimated 1 trillion cubic feet of gas
News Release
Australian gas shortages loom as LNG exporters and domestic consumers compete for supply
- 11 September 2018
The pace and scale of transformation in the east Australian gas market over the past five years has put gas – both its availability and its pricing – firmly on the country’s political agenda. Global natural resources consultancy Wood Mackenzie today releases its Australia East Coast Gas Market Outlook 2018-2032. The report offers a comprehensive overview of the dynamics shaping the gas market, including the drivers of domestic gas demand, how gas flows will change and price dynamics.
1711 related products from the Store that match
- Country Report
  Guyana upstream summary slides
  - 22 December 2025
  We provide an upstream summary slide-pack on Guyana. The report includes an overview of country trends and activities with analysis on key projects, company value, costs, production and fiscal terms. The slides complement our more detailed upstream summary. Please refer to the main Guyana upstream summary for a detailed description of reserves, production, infrastructure and fiscal terms for oil…
- Country Report
  Russian Federation upstream summary
  - 22 December 2025
  Russia is one of the top oil producers in the world, alongside Saudi Arabia and the US. It has the world's largest volume of gas reserves and is the second largest gas producer globally, behind the US. Domestic players, in particular state-owned Rosneft and Gazprom, dominate the Russian oil and gas industry. International investors are present in only a handful of projects - typically those which…
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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.
News Release
Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence
- 28 August 2018
Brazil’s Campos basin is awaiting a resurgence in production according to a new report by Wood Mackenzie, analysing the impacts redevelopment of the basin's mature oil fields could have on production, royalty collection and job creation.
Comment
Bidding down but sums higher in US Gulf of Mexico Lease Sale 251
- 15 August 2018
On Wednesday, 15 August 2018, the US held its region-wide Lease Sale 251, attracting 171 bids from 29 participating companies, with high bids totalling US$178.1 million. An increase of about $53 million from the last region wide lease sale in March.
News Release
Global upstream project delivery is finally hitting the mark
- 14 August 2018
Has the oil and gas industry finally turned around its reputation for always delivering upstream projects behind schedule and overbudget? Emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on project returns, according to a new Wood Mackenzie report.
Comment
BP seals asset swap with ConocoPhillips
- 04 July 2018
BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips
Comment
Mexico's new president: Energy future at a crossroads
- 02 July 2018
After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.
News Release
OPEC+ deal balances consumer pressure with need for stable prices
- 23 June 2018
The OPEC+ meeting, held in Vienna on 23 June 2018, confirmed Saudi Arabia and Russia’s high-level commitment to co-operate to manage the oil market.
Comment
Potential gas shortfall in Australia's East Coast starting between 2023 and 2025
- 22 June 2018
In contrast to the 2018 GSOO released today by the AEMO, Wood Mackenzie’s East Coast Gas report identifies a potential gas shortfall between 2023 and 2025, significantly earlier to the GSOO’s estimate of 2030.
Comment
China retaliates with tariffs on $34 billion worth of US goods
- 18 June 2018
Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.
News Release
Exploration industry eyes a brighter future at EAGE
- 12 June 2018
In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.
News Release
Permian produced water: slowly extinguishing a roaring basin?
- 11 June 2018
With the recent rise oil prices, operators have been adding rigs and ramping up completions in the Permian Basin – the largest and most important source of oil supply growth in the world. However, persistent operational water challenges present a material risk to companies' future profitability and production.
News Release
East Coast gas prices could rise 30 percent in five years
- 25 May 2018
In a recent study, Wood Mackenzie forecasts Australia's East Coast gas prices to rise up to 30 percent to between A$10 and A$13 /per gigajoule by the mid 2020s.
News Release
Chinese shale gas production to almost double in two years
- 17 April 2018
Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells and 9 bcm of production last year. In its latest analysis, Wood Mackenzie projects Chinese shale gas production to almost double to 17 bcm in 2020.
News Release
IMO aims to halve global shipping emissions. But, what will it cost?
- 12 April 2018
The IMO is gearing up to cap sulphur emissions. Wood Mackenzie looks at the potential impact the new regulations could have on the shipping and bunker fuel sectors.
News Release
Upstream FIDs pushes on with lower costs
- 05 April 2018
As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.
News Release
Conventional pre-FID breakevens give the Lower 48 a run for its money
- 14 March 2018
Analysis of global oil cost curves indicates that many conventional pre-FID projects – even deepwater developments - are now competitive on a breakeven basis with US Lower 48 tight oil. However, this competitiveness has come at the expense of volumes. The trade-off of cost efficiency versus volumes means that in the medium- to long-term, the cost of supply is set to increase, highlighting the US Lower 48’s role as an important marginal barrel producer.
News Release
Offshore decommissioning in Asia Pacific could cost US$100 billion
- 01 February 2018
According to Wood Mackenzie's latest analysis, decommissioning Asia Pacific's offshore assets – nearly 2,600 platforms and 35,000 wells – could cost over US$100 billion.
News Release
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.
Comment
Can LNG save China from winter gas shortage?
- 22 November 2017
China's introduction of the '2+26' cities policy earlier this year calls for restricted use of coal for both residential heating and industrial purposes. This has significant ramifications for the Chinese winter season where demand is traditionally high. As an alternative to coal, gas demand could rise by 23 bcm this year compared to previous winters. Facing the most severe shortages is northern China, particularly Beijing, Tianjin and Hebei (abbreviated as BTH), where demand is highly seasonal. This region will make up half or 10 bcm of the incremental winter gas demand in 2017.
Comment
India's GST - A boon for oil markets?
- 16 November 2017
The introduction of India's Goods and Services Tax (GST) has lifted oil demand in the country this year. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected by the impact of GST on vehicle prices and sales, especially in the logistics sector.
Comment
Will Trump's Beijing trip win some LNG deals for the US?
- 08 November 2017
The Trump administration has been championing US energy exports as its preferred instrument for narrowing its trade deficit in the wake of the US shale boom. A combination of rising export capacity in the US, LNG import demand growth in China, and political cheerleading has underpinned an uptick in LNG exports to China this year via third party, spot trades. Will Trump's trip to Beijing seal the deal for some major LNG deals?
News Release
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.
Comment
Cambodia's first oil development takes major step forward with signed agreement with KrisEnergy
- 07 September 2017
Singapore –listed E&P company KrisEnergy today signed fiscal and technical agreements with the Royal Government of Cambodia for the Block A Apsara oil development.
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
Upstream players grapple with uncertainty
- 15 May 2017
To gauge the state of the sector, Wood Mackenzie asked its client base to share their thoughts on a number of key themes, and the responses were analysed to give a comprehensive view of how the sector’s key players view the future.

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Search results: 2095

Petronas takes 10% stake in Oman’s Khazzan development

How do the Majors stack up in the Lower 48?

Ensco beefs up fleet with Rowan deal

Total hits the jackpot at Glendronach

Australian gas shortages loom as LNG exporters and domestic consumers compete for supply

1711 related products from the Store that match

Guyana upstream summary slides

Russian Federation upstream summary

ExxonMobil and Guyana hit Jackpot with latest offshore discovery

Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence

Bidding down but sums higher in US Gulf of Mexico Lease Sale 251

Global upstream project delivery is finally hitting the mark

BP seals asset swap with ConocoPhillips

Mexico's new president: Energy future at a crossroads

OPEC+ deal balances consumer pressure with need for stable prices

Potential gas shortfall in Australia's East Coast starting between 2023 and 2025

China retaliates with tariffs on $34 billion worth of US goods

Exploration industry eyes a brighter future at EAGE

Permian produced water: slowly extinguishing a roaring basin?

East Coast gas prices could rise 30 percent in five years

Chinese shale gas production to almost double in two years

IMO aims to halve global shipping emissions. But, what will it cost?

Upstream FIDs pushes on with lower costs

Conventional pre-FID breakevens give the Lower 48 a run for its money

Offshore decommissioning in Asia Pacific could cost US$100 billion

Deepwater Gulf of Mexico stages a comeback in 2018

Can LNG save China from winter gas shortage?

India's GST - A boon for oil markets?

Will Trump's Beijing trip win some LNG deals for the US?

What's behind Libya's production boost?

Cambodia's first oil development takes major step forward with signed agreement with KrisEnergy

Global upstream FIDs on track to double in 2017

Upstream players grapple with uncertainty

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