• News Release

  North American renewable natural gas market could expand tenfold by 2050 to reach 4 bcfd

  • 17 七月 2023

  Driven by new government incentives for the transportation sector, renewable natural gas (RNG), or biomethane, saw tremendous growth in 2022, with 60 million cubic feet per day (mmcfd) of new production capacity added, according to a new report from Wood Mackenzie.

• News Release

  US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

  • 20 七月 2023

  Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

• News Release

  FLNG sector thriving amid projects boom

  • 31 八月 2023

  The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  Australia sees record volume of upstream M&A deals, despite regulatory turmoil

  • 16 十一月 2023

  Australia sees record volume of upstream M&A deals, despite regulatory turmoil

• News Release

  President Elect Milei set to shake up Argentina’s oil industry

  • 28 十一月 2023

  Addressing the election of Javier Milei as President of Argentina, Adrian Lara, principal analyst, said “Elected President Javier Milei and his advisors are signalling the importance the oil and gas sector has in their plans for the overall Argentinian economy, however, their success in deregulating the sector and attracting more investment is still predicated on an effective and timely correction of the macroeconomic imbalances of the country.”

• News Release

  Southern cone gas and power market to invest US$46 billion in gas production and US$94 billion in new power supply through 2033

  • 30 十一月 2023

  Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, while wind will add 31 GW of onshore projects through 2033, with the total investment in new power supply leading to a cumulative capacity of 400 GW by 2033, based on a new analysis from Wood Mackenzie.

• News Release

  Companies loosen purse strings to bid high for deepwater blocks in US Gulf of Mexico Lease Sale 261

  • 20 十二月 2023

  The United States today concluded the 2017-2022 leasing plan with the US Gulf of Mexico region-wide lease sale 261. The sale attracted 352 bids from 26 participating companies, with high bids totaling US$382 million, an increase of 45% (US$118 million) compared to the last lease sale held in March.

• News Release

  Key things to watch in upstream in 2024

  • 11 一月 2024

  Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

• News Release

  Chesapeake and Southwestern merger creates dominate player in the Haynesville

  • 12 一月 2024

  Addressing Chesapeake Energy and Southwestern Energy’s merger and formation of a new $24 billion natural gas company, Alex Beeker, research director, corporate research for Wood Mackenzie said, “The Haynesville has been in need of a clearer narrative to win investor support and with a new and dominant team planning the Haynesville and Bossier’s future, investors can look to a single E&P to better understand development cadence, inventory longevity, evolving cost of supply and step-out appraisal work.”

• News Release

  Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

  • 01 二月 2024

  Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in 2030, the shift to a 12 million b/d target from 13 million b/d should be absorbed in the market and not cause a tightening in the supply and demand balance this decade.”

• News Release

  OPEC+ set for rollover but risk clouds supply outlook

  • 30 六月 2019

  As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

• 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.

• News Release

  Malaysia offers significant gas opportunities

  • 24 六月 2019

  According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

• Comment

  Abadi LNG gets greenlight for revised Plan of Development

  • 15 七月 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.

• News Release

  Mozambique LNG under starter’s orders

  • 18 六月 2019

  US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa). Feedgas comes from the Golfinho/Atum field, in Offshore Area 1.

• Comment

  Majors step up to bid on Argentina offshore acreage

  • 17 四月 2019

  Argentina's first national offshore licensing round attracted the interest of the Majors, and resulted in winning bids totalling US$718.28 million.

• Comment

  Chrysaor snaps up ConocoPhillips' North Sea assets in US$2.7bn deal

  • 18 四月 2019

  Chrysaor on 18 April 2019 agreed to buy ConocoPhillips’ North Sea assets in a US$2.7 billion deal. The purchase will make Chrysaor the top producer in the UK in 2019 and keep it among the UK's largest producers for the next few years.

• Comment

  Delek in US$2bn swoop on Chevron’s North Sea assets

  • 30 五月 2019

  Israel’s Delek Group confirmed today that it will buy US major Chevron’s North Sea assets in a US$2 billion deal.

• Comment

  Oxy tables US$38bn rival bid for Anadarko

  • 24 四月 2019

  Occidental Petroleum today put forward a rival bid to acquire Anadarko Petroleum for US$38 billion, surpassing Chevron's US$33 billion offer earlier this month.

• News Release

  Total brings Culzean on stream, ahead of time and under budget

  • 11 六月 2019

  French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

• 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

• Comment

  PNG government calls off P'nyang Gas Agreement negotiations

  • 03 二月 2020

  The government of PNG has called-off negotiations on the development of the ExxonMobil-operated P’nyang gas field.

• Comment

  Jebel Ali gas find ‘largest since 2005’

  • 03 二月 2020

  The announcement of an 80 trillion cubic feet (tcf) find at Jebel Ali, on the border between Abu Dhabi and Dubai, is hugely significant for the United Arab Emirates. Liam Yates, an analyst on Wood Mackenzie’s Middle East upstream team, said: “The find ranks as the largest global gas discovery since Galkynysh (South Iolotan). The Turkmen field was discovered in 2005."

• News Release

  Global regas capacity under construction hits 10-year high at 144 mmtpa

  • 02 九月 2020

  Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.

• 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

  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.

• 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

  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.

• Comment

  Equinor carves Gulf of Mexico niche with Monument discovery

  • 06 四月 2020

  Norwegian operator Equinor today announced it struck 200 feet of oil pay at the Monument exploration well, in the US Gulf of Mexico.

• News Release

  Permian operators cash in ... by thinking inside the box

  • 21 八月 2019

  As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.