• News Release

  Rise in new players in Southeast Asia's upstream sector

  • 28 六月 2018

  Since the fall in oil prices in 2014, oil majors and international oil companies (IOCs) have accelerated a shift towards resource themes and regions offering higher returns, lower complexity and shorter timeframes, away from the more challenging regions such as Southeast Asia. To date, close to 800 million barrels of oil equivalent (boe) of the region's resources have left the hands of majors and IOCs.

• Comment

  Chevron set to divest central UK North Sea assets

  • 04 七月 2018

  Chevron has announced it is planning to sell its central UK North Sea assets, including Captain, Elgin/Franklin, Erksine and Jade, to focus on the West of Shetland province.

• News Release

  Eni named most-admired upstream explorer in Wood Mackenzie’s16th annual Exploration Survey

  • 29 五月 2024

  Italian major Eni has been named the upstream industry’s most-admired explorer in Wood Mackenzie’s industry-leading annual Exploration Survey.

• News Release

  Upstream scope 1 & 2 emissions intensity down 12% since 2017, but more work is needed on absolute emissions

  • 06 三月 2024

  Scope 1 and 2 upstream emissions intensity has declined 12% since 2017, however, absolute emissions could plateau due to production growth, according to a new report from Wood Mackenzie.

• News Release

  Approved Enauta and 3R Petroleum merger creates operation that could surpass 100,000 boe/d production

  • 21 五月 2024

  Addressing the approved merger of 3R Petroleum and Enauta, Amanda Bandeira, Upstream Research Analyst, said “The combination of businesses between Enauta and 3R Petroleum creates a new operation that could surpass the 100,000 boe/d production mark, competing head-to-head against Prio, currently the larger Brazilian independent operator in the country.

• News Release

  National Oil Company international M&A spend hits 20-year low

  • 17 七月 2024

  While the mergers and acquisitions market has been recently supercharged by international oil companies (IOCs), national oil companies (NOCs) have sat on the sidelines, with international spending down significantly from highs a decade ago, according to recent analysis from Wood Mackenzie.

• News Release

  Global CCUS investment requires US$ 196B through 2034, according to Wood Mackenzie

  • 26 六月 2024

  By 2034, global carbon capture capacity will reach 440 Mtpa and storage capacity will reach 664 Mtpa, requiring US$ 196 billion in total investment, according to a recent report from Wood Mackenzie.

• News Release

  Noble grabs first mover advantage as offshore rig market consolidation begins, says Wood Mackenzie

  • 12 六月 2024

  Addressing Noble Corp’s acquisition of Diamond Offshore in a US$600 million stock plus cash transaction, Leslie Cook, principal analyst of upstream supply chain for Wood Mackenzie said, “We have been predicting offshore rig market consolidation for some time and with little appetite from owners to add new rigs as rig demand is flattening out, we believed growth would be inorganic. It therefore comes as little surprise that the first major deal in the upstream service sector has been announced. Noble has grabbed first mover advantage, and solidified is status in the top two offshore rig contractors.”

• Comment

  New wave of growth on the horizon for Asia-Pacific's oil and gas sector

  • 15 十月 2018

  Asia-Pacific's oil and gas sector looks set to rebound over the next 12 months as rising demand, stronger commodity prices and an uptick in M&A activity bring greater confidence to the region. Wood Mackenzie predicts rising Asian LNG demand, the return of China's NOCs to growth mode and new appetite for upstream investment to be key factors influencing the sector, not only Asia-Pacific, but also globally into 2019.

• 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

• Comment

  Merger does the business for Wintershall and DEA

  • 28 九月 2018

  Wintershall and DEA set to merge to create independent exploration and production company

• News Release

  How digitalisation transformed the US Lower 48

  • 12 十一月 2018

  Upstream oil and gas companies are accelerating the implementation of big data applications and digital technologies to help transform their businesses. But how close is industry to achieving this? Where does the US Lower 48 stand in this transformation? A new study drills down into digitalisation in the upstream sector and identifies the technologies and applications being employed today and evaluates their potential impact.

• News Release

  Is deepwater ready for cost inflation?

  • 27 十一月 2018

  In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work is in danger of being undone, as impending cyclical cost inflation could raise break-even costs once again.

• Comment

  Chevron loses second major production asset in South East Asia

  • 13 十二月 2018

  Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.

• News Release

  Upstream players need to boost spending to meet future demand

  • 24 十月 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.

• Comment

  What next for the oil market as the US reimposes sanctions on Iran?

  • 06 十一月 2018

  What next for the oil market as the US reimposes sanctions on Iran?

• Comment

  Explorers hit the jackpot in sub-Saharan Africa

  • 06 十一月 2018

  In the past 10 years, explorers in sub-Saharan Africa have turned up more giant discoveries than any other region. But converting volume into value is undoubtedly sub-Saharan Africa’s Achilles heel.

• Comment

  Aramco's $10bn bond underscores its vast global ambitions

  • 01 四月 2019

  Saudi Aramco’s decision to issue a $10 billion bond underscores how serious the company is about transforming itself into an international powerhouse across the oil and gas value chain, from upstream to petrochemicals.

• Comment

  BP to exit China shale gas

  • 12 四月 2019

  In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

• Comment

  Delek makes splash with US$965m deepwater Gulf of Mexico deal

  • 12 四月 2019

  Delek Group has bought Shell's stake in the Caesar-Tonga field, in the deepwater Gulf of Mexico

• News Release

  Better times head for the UKCS, but investment still a concern

  • 17 一月 2017

  Wood Mackenzie expects a modest recovery due to the improving oil price.

• News Release

  Shale sector to be cash flow positive by 2020

  • 26 七月 2017

  When will tight oil make money calculates that the five largest tight oil players could become cash flow positive by 2020?v

• News Release

  Can upstream cost savings stick?

  • 15 十二月 2017

  The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

• News Release

  Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

  • 14 十二月 2017

  2018 looks set to be a brighter year for upstream oil and gas companies

• Comment

  Wood Mackenzie commentary on India CERA Week

  • 09 十月 2017

  To mark the start of the India Energy Forum by CERA week, Wood Mackenzie analysts weigh in on the country's oil and gas outlook and production prospects.

• News Release

  OPEC stays the course with production deal

  • 01 十二月 2017

  OPEC and non-OPEC producers agree to extend production curbs through 2018

• News Release

  Exploration’s back in the black

  • 04 二月 2019

  After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

• News Release

  US independents balance the books

  • 14 二月 2019

  The Lower 48 E&P sector is under pressure from investors demanding greater capital discipline, positive free cash flow and increasing returns. There’s a tug-of-war between value and volume, and value has emerged as the winner. The Lower 48’s independents, who traditionally pursued growth at all costs, must now rein in their impulses and focus on delivering returns to their shareholders. How does this affect their 2019 spending plans, and how do they manage volatile oil prices?

• Comment

  Repsol-led consortium makes significant gas discovery in Indonesia

  • 18 二月 2019

  Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in the country, Wood Mackenzie's research director Andrew Harwood provides a commentary.

• 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.