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.

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

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.

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.

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

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.

Subsurface predictions: what to watch in exploration and discovered resources in 2024

• 16 January 2024

The hunt for advantage intensifies in 2024, and a subsurface divergence takes shape as high-impact wildcatting focuses on oil, while gas gains ground in discovered resource progression.

Green LNG: can Australia prioritise decarbonisation in a high-priced world?

• 26 May 2022

Innovation and investment in the decarbonisation of LNG will play an important role in both boosting energy security and tackling climate change.

Monetising the East Med’s giant gas finds

• 10 July 2020

The discovery of huge gas resources has made the Eastern Mediterranean an industry hot spot. Majors, NOCs and independents see a growth opportunity that could last for decades. LNG exports might be the path to full commercialisation. But geopolitics stand in the way. How can the interested parties find a way forward?

Hitting the brakes: how the energy transition could decelerate in the US

• 16 May 2024

The US is facing a pivotal moment for its energy future. Depending on the results of the election, investment in the energy and natural resources sectors could play out in very different ways.

Woodside takes impairment but is a US$80 carbon price the bigger news?

• 15 July 2020

Wood Mackenzie analysts delved deeper into implications of Woodside's announced US$80 carbon price.

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.

Challenges to tight oil’s growth as spend tapers

• 01 October 2019

How is US tight oil performing in this febrile environment? Simon Flowers asks R.T. Dukes and his team of Lower 48 researchers.

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.”

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?

Why oil is pushing towards US$100/bbl…

• 18 February 2022

What's driven the rally, what is the outlook for supply and demand fundamentals in 2022, and how will geopolitics, including the Russia/Ukraine crisis, play out?

URTeC 2019 survival of the fittest blog

• 10 July 2019

Wood Mackenzie is pleased to take part in URTeC 2019, where we'll share the tools you need to survive the evolving unknowns in today's shale oil landscape.

Oil price crash: how Middle East, Russian and US upstream industry responses compare

• 01 April 2020

In this month's MENA in Brief podcast: how the oil price crash is affecting upstream activity in the Middle East – and how that differs from the dynamics in Russia and the US.

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

• 18 November 2024

Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.

How NOCs compare with IOCs on energy transition strategy

• 12 October 2023

There’s more than one route to resilience and sustainability

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.

Are APAC’s retail markets full of Eastern promise for oil majors?

• 11 October 2023

Retail fuel markets in APAC are set for continued growth – and big oil is taking notice.

North America Company & Play Analysis Tool

Pull apart company value data and forecasts to benchmark regions, plays and operators on the metrics that matter.

Gas and LNG: global and regional predictions for 2024

• 17 January 2024

The global gas and LNG market rebalanced in 2023 – perhaps more than many expected. What key themes will define 2024?

UK energy exports and fracking: aspiration or pipe dream?

• 23 September 2022

The UK has announced plans to become a net energy exporter by 2040. This includes lifting the 2019 ban on hydraulic fracturing in unconventional shale plays in England.

Offshore decommissioning in Asia Pacific could cost US$100 billion

• 01 February 2018

According to Wood Mackenzie's latest analysis, decommissioning Asia Pacific's offshore assets – nearly 2,600 platforms and 35,000 wells – could cost over US$100 billion.

Wells to watch 2025

• 23 January 2025

A look at the best-advantaged resources of the year: who's drilling, where are the wells and what are they targeting?

A two-decade decline in exploration is driving the need for carbon neutral investment in Australia’s upstream sector

• 27 May 2024

A turbulent period of change has seen many legal and fiscal changes as Australia tries to balance its gas and energy transition strategy