• Comment

  Companies pass on the US Gulf of Mexico lease sale

  • 18 三月 2020

  Today’s region-wide Gulf of Mexico Lease Sale 254 saw 84 bids received from 22 participating companies, with high bids totalling US$93 million. That amounts to roughly half of the previous lease sale, held in August 2019.

• Comment

  Industry slashes spending as price rout deepens: Can companies cope?

  • 19 三月 2020

  Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

• Webinar

  Webinar: Oil price crash - deep cuts in upstream investment

  • 26 三月 2020

  The upstream oil and gas sector faces unprecedented uncertainty. It is clear oil companies must act quickly. Cuts to discretionary investment will be immediate and deep. While there are parallels to 2015-16, many things have moved on since the last downturn.

• Webinar

  Webinar | Japan's E&Ps: structural change and the road ahead

  • 27 三月 2020

  They are a material, often unheralded, part of the upstream industry, producing 1.6 million boe/d. But, the energy transition and declining domestic demand has forced Japan’s upstream companies to review their strategies. Japanese explorers and producers face a tough choice: to grow or to exit the sector entirely? Join Asia Pacific Research Director Angus Rodger and Upstream Research Associate Zixin Goh as they examine the road ahead for Japanese E&Ps.

• Comment

  Can the North Sea survive the price rout?

  • 23 三月 2020

  The North Sea has weathered several storms in its 50-year existence. But the events of the past few weeks mean the sector is entering uncharted waters. The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003.

• News Release

  Oil price crash dents timeline of Australia’s second wave of FIDs

  • 26 三月 2020

  Wood Mackenzie’s latest analysis reveals that Australia’s next wave of LNG projects are likely to be delayed.

• News Release

  Oil price rout: which supply is most at risk of shut-in?

  • 27 三月 2020

  The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

• News Release

  African upstream capex ‘may be slashed by 33%’

  • 31 三月 2020

  Faced with the double whammy of the oil price crash and the coronavirus pandemic, Africa’s upstream sector looks set to slash capital spending by around 33% in 2020. Similar cuts to operating costs are also targeted by producers to stay cash-flow neutral. Unlike the 2015-16 price crash, this time nothing is sacrosanct: some operators will even wield the axe on committed spend, as well as the discretionary expenditure.

• Webinar

  Webinar | Collapsing demand sets the terms in the battle for market share

  • 07 四月 2020

  The global oil market has been hit hard with collapsing demand while OPEC+ abandoned its production restraint and supply began rising. Topics will include: • The outlook for global oil demand in 2020 – how low can it go? • China demand is stabilizing – Will US and Europe follow that path? • The impact of low oil prices on US Lower 48 • OPEC and non-OPEC supply: What is up and what is down • Implications for 2020-2021 oil prices

• Webinar

  Webinar: The Majors' playbook for low prices

  • 03 四月 2020

  The Majors have reacted swiftly to the oil price collapse. What are the levers they can pull if oil prices remain low? • Have they cut enough? • Have the cuts been to the bone? • Can M&A save the day? • Are dividends at risk?

• Comment

  Collapsing demand sets the terms in the OPEC+ battle for market share

  • 09 四月 2020

  Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in oil demand, especially during April and forecast for Q2 2020. No matter the size of the varying forecasts, they all point to a challenging market that puts pressure on storage space and prices.

• Comment

  Shell 'to be net-zero company by 2050'

  • 16 四月 2020

  Commenting after Shell announced its intention to become net-zero company by 2050, Luke Parker, vice president, corporate analysis, at Wood Mackenzie, said: “This is an evolution of the net carbon footprint ambition that Shell unveiled in November 2017.

• Webinar

  The energy transition of the oil and gas sector: key drivers and outlook

  • 14 五月 2020

  This webinar will analyse the impact of the coronavirus and the subsequent precipitous drop in oil prices on the Majors’ new energy strategies. We will look at how the announced cost cutting measures may affect the peers’ carbon reduction and renewables budgets. We will also discuss a deepening transatlantic divide between the European and the US Majors and key reasons that underpin their different approaches to the energy transition.

• News Release

  US midstream takes hit as Lower 48 E&Ps turn off taps

  • 03 六月 2020

  The oil price crash has hit the US Lower 48 hard. But as exploration and production companies work to mitigate the impact of the crash on their businesses, their strategies are affecting the region’s midstream players.

• Comment

  Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

  • 06 六月 2020

  OPEC+ today (6 June 2020) agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market further and could see Brent prices rise from the current $40/bbl toward $45-to-$50/bbl.

• Comment

  BP asset write-down 'is significant for sector'

  • 16 六月 2020

  Speaking after BP announced it was writing down as much as $17.5 billion when it reports its second quarter results, Luke Parker, vice president, corporate analysis, said: “The impairment shouldn’t come as a big surprise, but the implications – near-term and long-term – are significant.”

• Comment

  Chevron to sell stake in North West Shelf LNG

  • 18 六月 2020

  Chevron continuing to high-grade its portfolio and putting its 16.7% stake in the NWS up for sale makes a lot of sense.

• Opinion

  Horizons Live: Conflicts of interest

  • 14 五月 2024

  Transitioning to a net zero global economy is a monumental investment challenge. Meeting the challenge, already an outside bet, will have to happen against a less favourable monetary backdrop than the world has been used to since 2009. This month's Horizons live panel discuss the cost of investing in the energy transition in a high-interest-rate era.

• Webinar

  Webinar | Why the NOCs should return to international business development

  • 31 七月 2024

  With M&A valuations attractive and financial ratings at all-time highs, the drivers for National Oil Companies (NOCs) to invest in existing portfolios AND fill strategic gaps have never been stronger. Will they step up? Join our experts on 31st July to find out.

• Webinar

  Webinar | Africa Upstream Outlook 2025

  • 06 二月 2025

  Join our webinar on the 6th February as we discuss the outlook for Africa Upstream oil and gas

• Horizons

  No country for old fields: why high-impact oil and gas exploration is still needed

  • 05 十一月 2024

  In this Horizons, we make the case that exploration continues to add value, cut carbon intensity and lower the cost for end consumers.

• Horizons

  Gridlock: the demand dilemma facing the US power industry

  • 17 十月 2024

  This research piece addresses what will be the central theme of US power markets over the next couple of years and potentially beyond.

• Webinar

  Webinar | From molecules to electrons: Trump 2.0 and the impact on the energy transition

  • 03 十二月 2024

  The 2024 US election result and an incoming Trump 2.0 administration arrive at a pivotal moment for the energy transition. As policies and priorities shift, their impact will ripple across the energy and natural resources sectors. This webinar mini-series dives into the heart of these changes, offering expert insights into how the outcomes could redefine the energy landscape. The mini-series consists of two webinars: molecules (oil, gas/LNG, carbon, hydrogen, and sustainable fuels) and electrons (renewable electricity, batteries, electrified transport, power markets and grid innovations).

• Webinar

  Webinar | Clearing the air: How at-scale carbon removal could accelerate the energy transition

  • 10 十二月 2024

  Join our webinar where we will review the current state of this nascent industry and the factors that will shape its evolution, across the following topics: ̵ Project type costs, potential and readiness ̵ A deep-dive into carbon removal project economics ̵ Who is buying or investing in carbon removal, and why? ̵ Analysis of government policy and other regional factors impacting removal deployment

• Comment

  All eyes on OPEC meeting as group mulls easing of production restraint

  • 01 十二月 2020

  OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

• Content

  2020: Navigating upstream’s perfect storm

  • 10 十二月 2020

  Between the existential crisis of the energy transition and the impact of a global pandemic, it's been a challenging year for upstream oil and gas industry.

• News Release

  2-degree pathway could cut upstream gas investments by 65%

  • 12 十一月 2020

  A world on a 2-degree pathway could significantly reduce upstream gas investments by 65% through to 2040, says Wood Mackenzie.

• Comment

  Trans Adriatic Pipeline (TAP) completes Europe’s Southern Gas Corridor

  • 16 十一月 2020

  The commissioning of the Trans Adriatic Pipeline's (TAP) initial 10 bcm per year capacity follows four and a half years of construction, EUR4.5 billion of capex and a variety of obstacles – especially in Italy, where the pipeline ends.

• Comment

  Gulf of Mexico lease sale 256 – business as usual despite upcoming change in administration

  • 19 十一月 2020

  On Wednesday, 18 November, the United States held its region-wide Gulf of Mexico (GoM) Lease Sale 256 and received 105 bids from 23 participating companies, with high bids totalling US$121 million.

• News Release

  Asia Pacific upstream transactions plunge to lowest this century

  • 19 十一月 2020

  Wood Mackenzie’s latest analysis shows 2020 is on track to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century.