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Upstream companies positioned to thrive in 2019

17 十二月 2018

Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

News Release

Permian produced water: slowly extinguishing a roaring basin?

11 六月 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

Upstream players grapple with uncertainty

15 五月 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.

News Release

Production from Argentina's Vaca Muerta to reach 113 kboed by 2018

04 五月 2017

The seven most advanced developments are expected to see production increases of 43% in 2017.

News Release

US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

18 一月 2017

According to research by Wood Mackenzie, the APAC upstream sector holds considerable value as the majors divest mature and mid-life assets in the region.

News Release

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

16 六月 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.

Comment

POSCO’s takeover bid for Senex could be Australia’s largest upstream takeover since 2018

18 十月 2021

South Korean conglomerate POSCO has made a surprise move on Australian gas producer Senex Energy making its first foray into the country’s upstream industry.

Comment

OPEC+ surprises market as it extends output curbs

04 三月 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.

News Release

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

19 一月 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.

News Release

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

09 十二月 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

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

07 九月 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.

Comment

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

21 八月 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

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

06 七月 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 六月 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 六月 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 六月 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.

Comment

Arrow Energy sanctions Surat Gas Project

17 四月 2020

Arrow Energy sanctions Surat Gas Project

Comment

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

02 四月 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 四月 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.

Comment

Talos shells out US$640m for Gulf of Mexico assets

12 十二月 2019

Talos Energy, in its pursuit of growth in the US Gulf of Mexico, has announced a series of purchases, worth $640 million assets in the region

Comment

Japan to invest additional $10 billion in global LNG infrastructure projects

26 九月 2019

Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

News Release

China’s gas production to double to 325 bcm in 2040

28 八月 2019

Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.

News Release

Faster decline rates prompt Permian players to eye spending boost

22 七月 2019

Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

Comment

US sanctions increase pressure on Venezuela

30 一月 2019

The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

Comment

Rosebank deal 'cements Equinor's commitment to the UK'

01 十月 2018

Norway's Equinor set to buy Chevron's 40% operating stake in the Rosebank field, offshore West of Shetland

News Release

Permian producers hedge their bets against pipeline delays

11 九月 2018

Permian producers increased their 2020 oil-basis hedge positions by 431% during Q2. Such a sharp rise suggests producers perceive a higher risk that key pipeline projects fail to start up by 2019 target dates, according Wood Mackenzie's latest analysis of oil and gas activity.

Comment

Transocean’s $2.7bn Ocean Rig deal ‘a winner’

03 九月 2018

Rig provider Transocean is set to merge with Ocean Rig in a $2.7 billion deal, a move Wood Mackenzie says is a winning one for the rig market.

Comment

More oil discovered in Carnavon Petroleum's Dorado-1 well

08 八月 2018

A sizeable discovery is significant for Quadrant, whose private equity backers are looking to exit, and Carnarvon, which is a pure-play explorer. A standalone oil discovery is easier to monetise than gas, as it does not require LNG contracts or gas infrastructure.

News Release

OPEC producers key to world supply through to 2040

16 七月 2018

Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.

News Release

After hitting new highs in 2023, US lower 48 oil production growth will begin to slow considerably in 2024 and beyond

22 二月 2024

US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/d) despite inflationary pressures, private consolidation, and declining rig activity. However, the repercussions of these decisions will impact supply moving forward as the region is poised for much lower growth in 2024 and beyond, according to Wood Mackenzie.

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