Greener LNG is vital to Asia’s sustainable development

• 29 November 2019

Gas will play a vital role in Asia’s fight against air pollution, and in meeting its future energy demand. But with its environmental impact under new scrutiny, is it time for LNG to get greener?

Devon seals WPX merger

• 28 September 2020

Speaking after the merger of Devon Energy and WPX Energy was announced this morning, Alex Beeker, principal analyst, corporate upstream, at Wood Mackenzie, said: “Tight oil consolidation has been underway for years, but extreme market volatility has slowed the process considerably. WTI has essentially hovered around US$40/bbl since June, with the stability likely closing the bid-ask spread. “We’ve expected Devon to make a move for some time. With US$1.5 billion in cash on its balance sheet (albeit earmarked for debt reduction), Devon is on a relatively strong financial footing. But Devon has been shrinking fast since its disposal program started in earnest about two years ago. The company’s net production is down 40% since 2018.”

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.

Our top five takeaway messages from the CCUS conference 2023

• 20 October 2023

The CCUS landscape is evolving, and here’s a recap of some of our biggest learnings from the event.

Why the US oil industry could call for a carbon tax

• 29 April 2022

Carbon pricing can offer a simpler and more transparent way to set incentives to cut emissions.

How to kick the hydrocarbon habit

• 10 September 2019

Three steps to tackling climate change

A revitalised oil and gas sector can play a key role in Indonesia’s energy transition

• 27 July 2023

Indonesia’s oil and gas sector must undergo a major overhaul in the way it operates if it is to realise the full potential of the country’s natural resources and support a successful energy transition, according to a new white paper by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

Four themes for your future exploration strategy

• 23 May 2018

As the wounds from not too long ago start to heal, the industry remains cautious. Every dollar spent is expected to work harder than ever before. With less than one dollar in ten of upstream investment going to exploration, which strategies will the industry follow when allocating their budgets to ensure the best possible return?

Are exploration’s days numbered?

• 17 July 2020

Exploration spend is heading south again as companies slash budgets to conserve cash. This downcycle though is different, with companies formulating decarbonisation strategies and peak oil demand on the horizon. Is exploration now facing an existential crisis?

Brazil and ExxonMobil win big at oilfield auction

• 05 October 2017

Following Brazil's record oil field auction yesterday, where ExxonMobil (NYSE: XOM) vastly expanded its presence in the country with winning stakes in ten blocks, including eight deepwater blocks in the Campos basin, Horacio Cuenca, Research Director, Upstream Latin America at Wood Mackenzie offers the following commentary.

Can the North Sea survive the price rout?

• 23 March 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.

The making of a Megamajor – ExxonMobil acquires Pioneer Natural Resources

• 12 October 2023

ExxonMobil announced the acquisition of Permian powerhouse Pioneer Natural Resources for US$64.5 billion. This is the largest upstream deal, in nominal terms, since Shell acquired BG for US$82 billion in 2015. Get our industry experts' top takeaways on the deal.

10 factors that influence upstream production shut-in decisions

• 23 April 2020

How do oil and gas producers decide when to shut in production? Asset economics are critical, but are not the only factor leading to production being shut-in. Here we look at 10 factors that influence upstream shut-in decisions.

Did the oil and gas industry change forever last week?

• 04 June 2021

Last week's big announcements for ExxonMobil, Chevron and Shell show that stakeholders are intensifying the pressure on Big Oil to speed up action on climate. What are the implications for the wider industry?

Webinar | America Upstream Outlook 2025

• 13 February 2025

Join our webinar on the 13th February as we discuss the outlook for America Upstream oil and gas

Heating up: 2024 showcased the promise of geothermal energy

• 19 February 2025

Geothermal energy is gaining momentum - driven by new tech, major investments and big tech partnerships. Is it the next big player in renewables?

M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

Total hits the jackpot at Glendronach

• 24 September 2018

Total has made a major gas discovery in the UK's West of Shetland region, hitting an estimated 1 trillion cubic feet of gas

How the energy transition can reduce the risk of future shocks

• 21 April 2022

Five key lessons from today's energy crisis on how to manage the shift to lower-carbon sources while strengthening energy security

Offshore CCS projects could breathe new life into Gulf of Mexico

• 04 November 2022

As the US looks for innovative ways to reduce greenhouse gas emissions, offshore carbon capture storage (CCS) projects in the US Gulf of Mexico (GoM) could play an influential role in meeting future goals, according to analysis from Wood Mackenzie.

What’s driving the upstream revival in Southeast Asia?

• 19 September 2024

Four reasons the industry has started to invest again.

Will a shifting global market embrace US crude?

• 05 March 2018

A new study by Wood Mackenzie, examines this shift in the oil market, and assesses the challenges and opportunities facing the market and US producers and midstream operators.

Companies pass on the US Gulf of Mexico lease sale

• 18 March 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.

Upstream KPIs turn positive

• 19 December 2017

We've had the best year for the oil and gas industry for some time: KPIs have turned positive. Brent looks set to end 2017 over US$60/bbl, up 40% from the summer lows.

What's new in global upstream

• 22 April 2024

It remains important for upstream oil and gas to find advantaged growth opportunities. Pragmatic decisions feature as companies shift to adapt portfolios to keep pace with change. Efficiency and discipline are watchwords and high-impact projects must focus on unlocking roadblocks to growth. But M&A is still on the agenda, with some operators getting innovative with Joint Ventures.

Graff and Venus: game-changers for Namibia’s upstream industry?

• 16 March 2022

Shell and TotalEnergies’ giant deepwater discoveries could be transformational.

Ten key considerations for oil & gas 2025 planning

• 03 October 2024

As we enter the 2025 corporate planning season, oil and gas firms are faced with significant choices. What represents the right balance between investment and rewarding shareholders? And how much capital should be allocated to low-carbon activities versus to traditional hydrocarbons? 

Wood Mackenzie and Ball Corporation announce satellite data analytics collaboration

• 11 November 2021

Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BLL) announced today that they have formed a strategic agreement between the two organisations to accelerate the development of advanced analytics for energy markets.

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.

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.