• Event

  Wood Mackenzie at NOG Energy Week

  • 29 六月 2025

  Wood Mackenzie is excited to be attending and speaking at NOG this year as a strategic partner

• News Release

  As project economics rebound, upstream FIDs to increase in 2024, with focus on deepwater resources

  • 14 三月 2024

  Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach FID in 2024, an increase from 22 in 2023, according to a new report from Wood Mackenzie.

• News Release

  World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

  • 02 五月 2024

  A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.

• News Release

  ConocoPhillips acquisition of Marathon Oil creates third largest producer in the US Lower 48, says Wood Mackenzie

  • 30 五月 2024

  Addressing ConocoPhillips (COP) acquisition of Marathon Oil (MRO) in an all-stock transaction valued at US$22.5B, Alex Beeker, research director, corporate research for Wood Mackenzie said, “The addition of Marathon further solidifies ConocoPhillips in a league of its own, with few true peers. For ConocoPhillips, this is a diversified and balanced move across multiple geographies.”

• News Release

  Iraq aims to ramp up oil and gas output

  • 16 八月 2024

  Iraq’s upstream sector is undergoing rapid change, with an increasingly diverse corporate ecosystem, and significant investment being funneled into boosting oil and gas production. That said, crucial infrastructure issues still need to be overcome, and a lack of exploration activity remain a challenge. Iraq’s gas output could more than double by 2030 to reach 4.4 bcfd and oil output could hit 5.5 million b/d, in that same time frame, according to the report “Iraq’s upstream opportunities: a review” from Wood Mackenzie.

• News Release

  An additional £10 billion of North Sea value could be extracted from existing assets if the right fiscal and regulatory regime is established

  • 23 十月 2024

  Up to £10 billion of North Sea oil and gas pre-tax value could be unlocked from existing assets if the UK government was to implement a fiscal system that encourages investment – and restores trust with the industry – according to new analysis by Wood Mackenzie.

• News Release

  Guyana and Suriname could provide 12 mmtpa of cost-competitive LNG in the 2030s

  • 04 十一月 2024

  Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie.

• News Release

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

  • 18 十一月 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.

• News Release

  Chevron moves closer to Canadian divestment target with $6.5B asset sale to CNRL

  • 08 十月 2024

  Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5 billion Mark Oberstoetter, Upstream Research Director in Calgary, said “Chevron has shown commitment to its divestment target with two sale announcements in two weeks. Offloading Alaska assets to ConocoPhillips (COP) last week for US$300 million was a small step and made strategic sense given their lack of materiality in the Supermajor’s portfolio. Today’s announcement moves the company much closer to its US$10-15 billion divestment target.”

• News Release

  Shell and Equinor combination creates a new UK superpower, says Wood Mackenzie

  • 06 十二月 2024

  Addressing the announcement of Equinor and Shell combining UK offshore oil and gas assets in a newly incorporated joint venture, Gail Anderson, research director at Wood Mackenzie said, “This new venture will create the biggest producer on the UKCS and demonstrates the long-term attractiveness of the region.”

• News Release

  North Sea decommissioning faces challenges on several fronts, says Wood Mackenzie

  • 16 十二月 2024

  The likelihood of a “dash to decom” in the North Sea remains limited due to a number of speed bumps that are slowing the widespread shut down of offshore assets, Wood Mackenzie reports.

• News Release

  Key energy takeaways from Canada’s 2025 election

  • 01 五月 2025

  Newly elected Prime Minister of Canada, Mark Carney, has made energy a key initiative of the new government, with goals to expand both conventional and clean energy, but decoupling energy flows away from the US may prove to be a challenge, according to Wood Mackenzie.

• News Release

  Upstream players grapple with uncertainty

  • 15 五月 2017

  To gauge the state of the sector, Wood Mackenzie asked its client base to share their thoughts on a number of key themes, and the responses were analysed to give a comprehensive view of how the sector’s key players view the future.

• News Release

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

  • 04 五月 2017

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

• News Release

  Return of Asian investment in US tight oil

  • 08 五月 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

  Revival of deepwater industry: best projects closing gap

  • 30 三月 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 一月 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

  New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

  • 11 一月 2017

  Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.

• News Release

  Global upstream FIDs on track to double in 2017

  • 17 七月 2017

  In the first half of the year, the industry has already witnessed 15 project sanctions, almost comparable to project sanctions in the whole of 2016.

• Comment

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

  • 07 九月 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.

• Comment

  BHP Shale Asset Divesture

  • 20 九月 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

  Mexico's Energy Reform pays off with Zama

  • 26 九月 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.

• News Release

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

  • 20 九月 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.

• Comment

  Brazil and ExxonMobil win big at oilfield auction

  • 05 十月 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.

• Comment

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

  • 06 十月 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.

• News Release

  What's behind Libya's production boost?

  • 20 十月 2017

  Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

• News Release

  Producers double down on hedging in Q3 2017

  • 29 十一月 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.

• News Release

  Deepwater Gulf of Mexico stages a comeback in 2018

  • 05 一月 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

  Latin America to buck global exploration trend in 2018

  • 22 一月 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

  Offshore decommissioning in Asia Pacific could cost US$100 billion

  • 01 二月 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.