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Wood Mackenzie’s new data technology transforms upstream valuations

09 October 2019

Natural resources research and consultancy Wood Mackenzie launches the world’s first Global Upstream Valuation solution, enabling organisations from the largest oil and gas companies to global banks to value assets around the globe in seconds.

Comment

Red-letter day for Norway as Johan Sverdrup comes on stream

08 October 2019

First oil from Johan Sverdrup – Norway’s sixth-largest discovery, with reserves of around 2.7 billion barrels – is a red-letter day for the partners and the Norwegian state. The decision to sanction the development was the country's largest final investment decision in more than 30 years.

News Release

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

07 October 2019

Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together, these opportunities are worth US$5 billion, and could contribute a third of the Supermajor's global divestment target.

News Release

Has M&A created value in the North Sea?

04 September 2019

Since the turn of the decade, it’s been a frenetic period for M&A in the North Sea. Against a backdrop of oil price volatility and a dramatically changing corporate landscape, activity reached record levels. But have acquisitions created value so far? Wood Mackenzie recently analysed 55 of the largest North Sea deals announced between 2012 and 2018 from today’s vantage point to quantify underlying value creation.

Comment

BP sells Alaska business to Hilcorp in US$5.6bn deal

27 August 2019

Speaking after BP announced the sale of its Alaska business to Hilcorp in a US$5.6 billion deal, Wood Mackenzie analyst Rowena Gunn said: “The Majors are making progress with their divestment campaigns. This will mean long-held assets and territories will be let go. BP made such a deal today with its sale of all US Alaska assets to privately-owned Hilcorp."

Comment

TechnipFMC demerger 'a bold step to reposition for the long-term'

27 August 2019

In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

Comment

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

13 August 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

Comment

Jethro-1 delivers the goods for Tullow

13 August 2019

The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than 100 million barrels of recoverable oil, subject to appraisal.

News Release

Murphy Oil reaches FID in Gulf of Mexico deepwater

08 August 2019

Murphy Oil has reached a Final Investment Decision (FID) regarding the King's Quay facility, Khaleesi/Mormont and Samurai developments in deepwater Gulf of Mexico. Commenting, Mfon Usoro, Wood Mackenzie analyst said: “Murphy’s sanction of the trio of projects including the King’s Quay facility, K...

News Release

Data consortiums signal the future of oil and gas

07 August 2019

Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.

News Release

Brazil gas market reform unlocks investment across value chain

06 August 2019

Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities across the gas value chain, and boost investment in the country’s pre-salt.

News Release

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

15 July 2019

Wood Mackenzie, the global natural resources research consultancy, announces today its partnership with P2 Energy Solutions to better analyse current and future well spacing.

News Release

Dominican Republic launches first licensing round

10 July 2019

The Dominican Republic today launched its first licensing round, putting 14 blocks across its on- and offshore basins up for bid.

Comment

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

10 July 2019

French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

News Release

New pipeline needed to meet surge in demand for Permian crude

08 July 2019

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.

News Release

OPEC+ aims for balance as it rolls over output curbs

02 July 2019

Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

Comment

Japan's INPEX signs deal with Indonesia on Masela block development

17 June 2019

The HoA formalises the recent outline agreement between the Government of Indonesia and INPEX on the Masela development project.

Comment

Shell's Prelude ships first LNG cargo

12 June 2019

Wood Mackenzie senior analyst Daniel Toleman shares his thoughts on the event of Prelude's first LNG cargo.

News Release

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

11 June 2019

Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.

News Release

Corpus Christi set to be top U.S. crude export hub

11 June 2019

The Texas port of Corpus Christi is set to emerge as the top crude oil export hub in the US over the next decade, reflecting major investments in shipping facilities and pipeline infrastructure, according to new research from Wood Mackenzie's North America Crude Markets Service.

Comment

Scott Morrison wins 2019 Australia election

20 May 2019

Following PM Scott Morrison's win in the recent 2019 Australia election, Wood Mackenzie and Verisk Maplecroft analysts share their thoughts.

News Release

Montney total production to increase by 16% in 2019

16 May 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.

Comment

Equinor takes extra slice of Caesar-Tonga

13 May 2019

Equinor has exercised its preferential rights over Delek Group to acquire an additional 22.45% interest in the Caesar-Tonga oil field from Shell, for a total consideration of US$965 million in cash.

Comment

Chevron exits bidding war for Anadarko

09 May 2019

Chevron Corporation today announced that it would not offer a counterproposal to Occidental Petroleum's rival bid to acquire Anadarko Petroleum.

Comment

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

07 May 2019

Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in on what this means for the different sectors.

News Release

What would Australia's Labor win mean for the resources, energy and power sectors?

06 May 2019

Australia's general election is around the corner and Labor looks set for victory. Labor has announced its commitment to reduce Australia’s carbon emissions by 45% between 2005 and 2030, and to reach net-zero pollution by 2050. It has also proposed changes to existing mechanisms to lower energy and gas prices.

News Release

Southeast Asian upstream M&A could hit US$14 billion

25 April 2019

According to a new report by Wood Mackenzie, Southeast Asia could take centre stage in the region's upstream M&A activity in 2019, with up to US$14 billion worth of assets potentially switching hands.

Comment

Murphy Oil dives into deepwater Gulf of Mexico with US$1.6bn LLOG deal

23 April 2019

Murphy Oil Exploration is poised to buy several deepwater Gulf of Mexico assets from LLOG Exploration for a total of US$1.625 billion, split into a US$1.375 billion cash payment and US$250 million in contingent payments.

Comment

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

19 April 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.

Comment

Santos makes significant gas discovery at Corvus-2 appraisal well

16 April 2019

Santos' announced the confirmation of a significant gas resource at Corvus-2 appraisal well. Wood Mackenzie senior analyst Daniel Toleman comments on the announcement.

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Search results: 1378

Wood Mackenzie’s new data technology transforms upstream valuations

Red-letter day for Norway as Johan Sverdrup comes on stream

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

Has M&A created value in the North Sea?

BP sells Alaska business to Hilcorp in US$5.6bn deal

TechnipFMC demerger 'a bold step to reposition for the long-term'

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

Jethro-1 delivers the goods for Tullow

Murphy Oil reaches FID in Gulf of Mexico deepwater

Data consortiums signal the future of oil and gas

Brazil gas market reform unlocks investment across value chain

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

Dominican Republic launches first licensing round

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

New pipeline needed to meet surge in demand for Permian crude

OPEC+ aims for balance as it rolls over output curbs

Japan's INPEX signs deal with Indonesia on Masela block development

Shell's Prelude ships first LNG cargo

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

Corpus Christi set to be top U.S. crude export hub

Scott Morrison wins 2019 Australia election

Montney total production to increase by 16% in 2019

Equinor takes extra slice of Caesar-Tonga

Chevron exits bidding war for Anadarko

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

What would Australia's Labor win mean for the resources, energy and power sectors?

Southeast Asian upstream M&A could hit US$14 billion

Murphy Oil dives into deepwater Gulf of Mexico with US$1.6bn LLOG deal

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

Santos makes significant gas discovery at Corvus-2 appraisal well

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