• News Release

  Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

  • 14 十二月 2017

  2018 looks set to be a brighter year for upstream oil and gas companies

• News Release

  OPEC stays the course with production deal

  • 01 十二月 2017

  OPEC and non-OPEC producers agree to extend production curbs through 2018

• News Release

  Exploration’s back in the black

  • 04 二月 2019

  After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

• News Release

  Macri reforms reshape Argentina's gas sector

  • 28 二月 2019

  When President Mauricio Macri took power in Argentina in 2015, one of his flagship energy policy programmes was to “normalise” the country’s gas and power markets. Macri set in train moves to gradually reduce government intervention, restoring free market dynamics and pricing driven by competition. The progress the Macri administration has achieved in reshaping the gas market environment has remarkable, helped in no small part by the prolific shale gas resources of the Vaca Muerta.

• News Release

  US independents balance the books

  • 14 二月 2019

  The Lower 48 E&P sector is under pressure from investors demanding greater capital discipline, positive free cash flow and increasing returns. There’s a tug-of-war between value and volume, and value has emerged as the winner. The Lower 48’s independents, who traditionally pursued growth at all costs, must now rein in their impulses and focus on delivering returns to their shareholders. How does this affect their 2019 spending plans, and how do they manage volatile oil prices?

• Comment

  Repsol-led consortium makes significant gas discovery in Indonesia

  • 18 二月 2019

  Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in the country, Wood Mackenzie's research director Andrew Harwood provides a commentary.

• Comment

  US sanctions increase pressure on Venezuela

  • 30 一月 2019

  The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

• Comment

  New opportunity in UK North Sea with Greater Buchan Area round

  • 31 一月 2019

  The Oil & Gas Authority's (OGA) decision to launch the 31st supplementary offshore licensing round, focusing on the Greater Buchan Area offers a material opportunity for players active in the UK North Sea

• Content

  Energy transition glossary

  • 21 八月 2024

  Our energy transition glossary helps you understand key terms and definitions.

• The Edge

  Making the case for upstream M&A

  • 16 一月 2018

  Obstacles to M&A have abounded these last three years. Money’s been tight, and for many companies acquisitive growth wasn’t needed after a period of heavy of investment earlier in the decade.

• Comment

  India's 2020 energy outlook

  • 23 一月 2020

  India's 2020 energy outlook

• Comment

  PNG government calls off P'nyang Gas Agreement negotiations

  • 03 二月 2020

  The government of PNG has called-off negotiations on the development of the ExxonMobil-operated P’nyang gas field.

• Comment

  Jebel Ali gas find ‘largest since 2005’

  • 03 二月 2020

  The announcement of an 80 trillion cubic feet (tcf) find at Jebel Ali, on the border between Abu Dhabi and Dubai, is hugely significant for the United Arab Emirates. Liam Yates, an analyst on Wood Mackenzie’s Middle East upstream team, said: “The find ranks as the largest global gas discovery since Galkynysh (South Iolotan). The Turkmen field was discovered in 2005."

• Comment

  New CEO Looney rings changes at BP with ambitious climate plan

  • 12 二月 2020

  Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

• News Release

  OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

  • 05 三月 2020

  The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

• News Release

  China’s crude reserves to reach 1.15 billion barrels in 2020

  • 23 三月 2020

  Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.

• News Release

  Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

  • 01 四月 2020

  In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

• Comment

  US$210bn of new spend in firing line as players target cost cuts

  • 02 四月 2020

  The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

• Comment

  Equinor carves Gulf of Mexico niche with Monument discovery

  • 06 四月 2020

  Norwegian operator Equinor today announced it struck 200 feet of oil pay at the Monument exploration well, in the US Gulf of Mexico.

• News Release

  Saudi Arabia’s May 2020 OSPs for crude exports bode well for Asian refiners

  • 16 四月 2020

  Looking at the May OSPs, it is clear that Saudi Arabia wants to ensure its crude remains very competitive in Asia.

• Comment

  Arrow Energy sanctions Surat Gas Project

  • 17 四月 2020

  Arrow Energy sanctions Surat Gas Project

• Comment

  Petrobras acts to protect gas value chain as Brazil demand slumps

  • 24 四月 2020

  Petrobras’ handling of the crisis it faced as Brazilian gas demand slumped earlier this month offers valuable lessons to integrated players, Mauro Chavez, head of Latin America Gas & LNG at global natural resources consultancy Wood Mackenzie, says.

• Comment

  Shell dividend cut frees up US$10bn

  • 30 四月 2020

  Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.

• News Release

  Bangladesh to double its fossil fuel imports in a decade

  • 14 五月 2020

  Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says Wood Mackenzie.

• News Release

  NOCs to slash over a quarter of exploration budgets on average in 2020

  • 20 五月 2020

  National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.

• News Release

  China’s Q2 2020 oil demand shows signs of recovery

  • 26 五月 2020

  According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.

• News Release

  Chesapeake Energy – shale’s great disruptor – files for Chapter 11

  • 28 六月 2020

  Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection on 28 June, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: “It’s difficult to point to another company that has made more of a widespread impact on the US shale sector than Chesapeake.

• News Release

  Indonesia’s LNG demand continue to rise despite economic downturn

  • 30 六月 2020

  Indonesia’s LNG demand is expected to be resilient against the coronavirus-led global economic downturn, says Wood Mackenzie. The country’s H2 2020 LNG demand could hit 3.1 million tonnes (Mt), a 1.2 Mt or 63% increase year-on-year.

• Comment

  Shell's US$22bn write down 'signals fundamental change'

  • 30 六月 2020

  Royal Dutch Shell said on 20 June it would write off assets worth up to $22 billion on the back of weakening oil and gas demand due to the coronavirus pandemic and a weaker energy price outlook.

• News Release

  Total named industry’s most-admired explorer in WoodMac survey

  • 06 七月 2020

  French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s industry-leading annual Exploration Survey.