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Medco Energi's potential takeover of UK-listed Ophir Energy

02 January 2019

On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.

News Release

Major LNG buyers' uncontracted demand to quadruple by 2030

13 December 2018

Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.

Comment

ExxonMobil's Pluma marks a perfect 10

04 December 2018

ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Luiz Hayum, research analyst with Wood Mackenzie's Latin America upstream oil and gas team, comments on Exxon's latest find, Pluma.

News Release

Big Data adds up to big savings for upstream players

12 November 2018

The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.

Comment

Hammond raises hopes of decommissioning hub role for Scotland

30 October 2018

In the Autumn Statement, the UK's Chancellor of the Exchequer Philip Hammond did not make any headline changes to oil and gas tax rates, setting out instead plans to make a "call for evidence" on how to establish Scotland as a global hub for decommissioning.

Comment

Petronas takes 10% stake in Oman’s Khazzan development

23 October 2018

Malaysian NOC Petronas buys a 10% interest in Oman's Khazzan development

Comment

Ensco beefs up fleet with Rowan deal

08 October 2018

Offshore driller Ensco is poised to buy smaller rival Rowan in an all-stock deal valued at $2.38 billion.

Comment

ExxonMobil and Guyana hit Jackpot with latest offshore discovery

01 September 2018

ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Accounting for 15% of all conventional crude found globally since 2015, no other area has delivered as much conventional oil resource.

News Release

Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence

28 August 2018

Brazil’s Campos basin is awaiting a resurgence in production according to a new report by Wood Mackenzie, analysing the impacts redevelopment of the basin's mature oil fields could have on production, royalty collection and job creation.

Comment

Bidding down but sums higher in US Gulf of Mexico Lease Sale 251

15 August 2018

On Wednesday, 15 August 2018, the US held its region-wide Lease Sale 251, attracting 171 bids from 29 participating companies, with high bids totalling US$178.1 million. An increase of about $53 million from the last region wide lease sale in March.

News Release

Global upstream project delivery is finally hitting the mark

14 August 2018

Has the oil and gas industry finally turned around its reputation for always delivering upstream projects behind schedule and overbudget? Emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on project returns, according to a new Wood Mackenzie report.

Comment

BP seals asset swap with ConocoPhillips

04 July 2018

BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips

News Release

Exploration industry eyes a brighter future at EAGE

12 June 2018

In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.

News Release

Permian produced water: slowly extinguishing a roaring basin?

11 June 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

East Coast gas prices could rise 30 percent in five years

25 May 2018

In a recent study, Wood Mackenzie forecasts Australia's East Coast gas prices to rise up to 30 percent to between A$10 and A$13 /per gigajoule by the mid 2020s.

News Release

Chinese shale gas production to almost double in two years

17 April 2018

Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells and 9 bcm of production last year. In its latest analysis, Wood Mackenzie projects Chinese shale gas production to almost double to 17 bcm in 2020.

Comment

US Gulf of Mexico Lease Sale 250

22 March 2018

On Wednesday, 21 March 2018, the US held its region-wide GoM Lease Sale 250, attracting 159 bids from 33 participating companies, with high bids totalling US$124.8 million. The total of high bids represents a modest increase of about US$3 million over last year's August region wide Lease Sale 249 but is still a lacklustre result.

News Release

Latin America to buck global exploration trend in 2018

22 January 2018

Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.

News Release

Deepwater Gulf of Mexico stages a comeback in 2018

05 January 2018

The U.S. deepwater Gulf of Mexico sector has struggled since crude dropped in late 2014. However, as costs finally settle at a bottom and operators set a new standard for operational efficiency, 2018 might just be a turning point for the sector.

News Release

Producers double down on hedging in Q3 2017

29 November 2017

Hedging activity surged in Q3 2017 as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie's latest analysis of oil and gas hedging activity.

Comment

ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well

06 October 2017

Following ExxonMobil's (NYSE: XOM) announcement this morning of its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana, Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream has the following comments.

Comment

Mexico's Energy Reform pays off with Zama

26 September 2017

Following the announcement this morning that Talos energy and its partners Premier Oil and Sierra Oil & Gas have made a discovery at Zama-1, drilled in Block 7 offshore Mexico, please find below initial comment from Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream.

Comment

BHP Shale Asset Divesture

20 September 2017

Commenting on BHP Billiton's plans to divest its U.S shale unit, Jon Weintraub, research analyst at Wood Mackenzie, said: "BHP's announced divesture of its onshore U.S. business is a pretty momentous step-change in its corporate strategy and marks the culmination of its push to be a major shale player. We expect to see all options being considered with a substantial amount of interest from multiple pools of buyers."

Comment

Cambodia's first oil development takes major step forward with signed agreement with KrisEnergy

07 September 2017

Singapore –listed E&P company KrisEnergy today signed fiscal and technical agreements with the Royal Government of Cambodia for the Block A Apsara oil development.

News Release

Return of Asian investment in US tight oil

08 May 2017

If Asia's largest upstream players want to grow production, Wood Mackenzie expects them to diversify into the US tight oil market.

News Release

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

04 May 2017

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

News Release

Revival of deepwater industry: best projects closing gap

30 March 2017

The deepwater industry has emerged from the downturn leaner and more competitive with US tight oil

News Release

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

18 January 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

Geology vs. technology: How sustainable is Permian tight oil growth?

20 September 2017

Technology has played a huge role in the rapid rise of production in the Permian. Operators are bullish on the region's long-term potential and poised to exploit the Permian at an unparalleled pace over the next few years. However, according to a report by Wood Mackenzie, Geology vs. technology: how sustainable is Permian tight oil growth?, geological constraints that may arise as the play is aggressively developed could lead to production shortfalls, and in turn, higher prices early next decade.

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Wood Mackenzie at Gastech 2026

14 September 2026

Wood Mackenzie is proud to be Official Knowledge Partner at this years Gastech in Bangkok, from the 14 - 17 September. Come by out stand and meet our experts in the Gas & LNG industry.

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Search results: 1365

Medco Energi's potential takeover of UK-listed Ophir Energy

Major LNG buyers' uncontracted demand to quadruple by 2030

ExxonMobil's Pluma marks a perfect 10

Big Data adds up to big savings for upstream players

Hammond raises hopes of decommissioning hub role for Scotland

Petronas takes 10% stake in Oman’s Khazzan development

Ensco beefs up fleet with Rowan deal

ExxonMobil and Guyana hit Jackpot with latest offshore discovery

Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence

Bidding down but sums higher in US Gulf of Mexico Lease Sale 251

Global upstream project delivery is finally hitting the mark

BP seals asset swap with ConocoPhillips

Exploration industry eyes a brighter future at EAGE

Permian produced water: slowly extinguishing a roaring basin?

East Coast gas prices could rise 30 percent in five years

Chinese shale gas production to almost double in two years

US Gulf of Mexico Lease Sale 250

Latin America to buck global exploration trend in 2018

Deepwater Gulf of Mexico stages a comeback in 2018

Producers double down on hedging in Q3 2017

ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well

Mexico's Energy Reform pays off with Zama

BHP Shale Asset Divesture

Cambodia's first oil development takes major step forward with signed agreement with KrisEnergy

Return of Asian investment in US tight oil

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

Revival of deepwater industry: best projects closing gap

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

Geology vs. technology: How sustainable is Permian tight oil growth?

Wood Mackenzie at Gastech 2026

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