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Montney total production to increase by 16% in 2019

16 五月 2019

Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day (bcfe/d) in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie.

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BP’s US$6bn Azeri Central East project gets the nod

19 四月 2019

BP and partners have taken a final investment decision (FID) on the Azeri Central East (ACE) platform, the latest phase at Azerbaijan's super-giant Azeri-Chirag-Guneshli (ACG) oilfield. The US$6 billion project will be one of the biggest upstream FIDs of the year.

News Release

Brulpadda delivers the goods for Total

07 二月 2019

French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

News Release

Big Data adds up to big savings for upstream players

12 十一月 2018

The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.

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Total hits the jackpot at Glendronach

24 九月 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

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BP seals asset swap with ConocoPhillips

04 七月 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

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Mexico's new president: Energy future at a crossroads

02 七月 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

Exploration industry eyes a brighter future at EAGE

12 六月 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

Chinese shale gas production to almost double in two years

17 四月 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

Upstream FIDs pushes on with lower costs

05 四月 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

Latin America to buck global exploration trend in 2018

22 一月 2018

Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.

News Release

Deepwater Gulf of Mexico stages a comeback in 2018

05 一月 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.

News Release

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

02 五月 2024

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

News Release

What's behind Libya's production boost?

20 十月 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.

News Release

Half of traditional super basins are future-fit and they have three things in common

21 七月 2022

Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by Wood Mackenzie.

News Release

The Australian energy crisis highlights the need for new gas supply

29 八月 2022

With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

News Release

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

01 九月 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).

News Release

US Gulf of Mexico Lease Sale 259 shows optimism for the region

29 三月 2023

The US Gulf of Mexico region-wide Lease Sale 259 held today attracted 353 bids from 32 companies, with high bids totalling US $264 million. The amount of activity surpassed the previous lease sale spend in 2021, demonstrating optimism for the region, according to Wood Mackenzie analysts.

News Release

Emissions crackdown could fast-track Australian CCS projects

06 四月 2023

A revision to the Safeguard Mechanism, legislation that requires Australia’s largest emitters to cut direct emissions (known as Scope 1 emissions,) could trigger a spike in carbon, capture and storage (CCS) projects in the region, says Wood Mackenzie.

News Release

Wood Mackenzie launches Lens Carbon

13 十月 2023

Wood Mackenzie, the global insight business for renewables, energy and natural resources, has launched Lens Carbon, a unique end-to-end solution that enables users to screen, analyse and value carbon management projects on a global scale.

News Release

Oil and gas companies must be bold as energy transition sets tone for 2022

09 十二月 2021

It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for the energy transition ahead. New research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), indicates that oil and gas companies are likely to be bold in 2022. Formidable cash flow generation, increasing new energy opportunities and the development of a carbon market are a powerful force for change.

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Woodside sanctions US$12 billion Scarborough and Pluto Train 2 project

22 十一月 2021

Woodside has sanctioned the US$12 billion Scarborough and Pluto Train 2 project. This is a big step for Woodside, Western Australia and the local LNG industry.

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Wood Mackenzie weighs in on COP26 key takeaways

15 十一月 2021

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

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UK gas output slump helps fuel price rally

08 九月 2021

UK gas production is down 28% year-to-date, helping fuel the current European gas price rally, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said.

News Release

Firth of Forth net-zero hub key to achieving climate goals

17 八月 2021

The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq: VRSK) has found.

News Release

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

15 四月 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 三月 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.

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Qatar Petroleum takes FID on North Field East

09 二月 2021

Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.

News Release

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

19 十月 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."

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Shell dividend cut frees up US$10bn

30 四月 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.

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