• News Release

  Upstream players need to boost spending to meet future demand

  • 24 十月 2018

  Wood Mackenzie forecasts that global oil and gas development spend needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade.

• News Release

  How digitalisation transformed the US Lower 48

  • 12 十一月 2018

  Upstream oil and gas companies are accelerating the implementation of big data applications and digital technologies to help transform their businesses. But how close is industry to achieving this? Where does the US Lower 48 stand in this transformation? A new study drills down into digitalisation in the upstream sector and identifies the technologies and applications being employed today and evaluates their potential impact.

• News Release

  Is deepwater ready for cost inflation?

  • 27 十一月 2018

  In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work is in danger of being undone, as impending cyclical cost inflation could raise break-even costs once again.

• 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

  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

  Can upstream cost savings stick?

  • 15 十二月 2017

  The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

• News Release

  BP's double proves there's life in the old dog yet

  • 31 一月 2018

  BP announced it made two discoveries on the UK Continental Shelf in 2017 - Capercaillie, in the North Sea, and Achmelvich, in the West of Shetland. Wood Mackenzie believes the finds prove there's still life in the ultra-mature province.

• News Release

  LNG markets move from oversupply as rebalancing gets under way

  • 07 六月 2018

  Wood Mackenzie's short-term global gas and LNG outlook (Q2 2018) sees the market rebalancing as it moves from oversupply, although the global natural resources consultancy believes prices will remain relatively sustained into 2019.

• News Release

  China's LNG trucking capacity to double in medium term

  • 18 六月 2018

  Wood Mackenzie estimates LNG trucking capacity in China to double to 38 million tonnes (mt) by 2025. China is the world's largest LNG trucking market. In 2017, 19 mt of LNG was transported via tanker truck from domestic liquefaction plants and LNG import terminals to downstream markets. This volume accounts for 12% of total gas consumption.

• 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

  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?

• 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

  LNG primed for US$200bn capex boom

  • 25 四月 2019

  The liquefied natural gas (LNG) boom is back. Over the next two years, almost 90 million tonnes per annum (mmtpa) of LNG is expected to take final investment decision (FID) and start construction. New research from Wood Mackenzie show that capital expenditure - for both LNG plant and upstream infrastructure - will total more than US$200 billion between 2019 and 2025. This will provide a major boost to engineering, procurement and construction (EPC) contractors and other providers along the supply chain.

• News Release

  Australia's next wave of LNG projects needs to compete to progress

  • 28 五月 2019

  According to research by Wood Mackenzie, a second wave of LNG investments is building, both in Australia and globally, and these projects need to compete to progress

• News Release

  Total brings Culzean on stream, ahead of time and under budget

  • 11 六月 2019

  French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

• News Release

  Argentina LNG exports positioned to meet peak demand in Asia

  • 13 六月 2019

  Rising natural gas production in Argentina, coupled with competitive global LNG transportation costs, is expected to position the country as an emerging source of gas supply to Asia during peak demand periods, according to new research from Wood Mackenzie.

• News Release

  Mozambique LNG under starter’s orders

  • 18 六月 2019

  US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa). Feedgas comes from the Golfinho/Atum field, in Offshore Area 1.

• News Release

  Malaysia offers significant gas opportunities

  • 24 六月 2019

  According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

• News Release

  OPEC+ set for rollover but risk clouds supply outlook

  • 30 六月 2019

  As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

• News Release

  Faster decline rates prompt Permian players to eye spending boost

  • 22 七月 2019

  Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Japan to lose top LNG importer position to China by 2022

  • 23 七月 2019

  According to a new report by Wood Mackenzie, Japan could lose its pole position as the world’s top LNG importer to China as early as 2022.

• News Release

  Produced water poses growing risk to Permian production growth

  • 24 七月 2019

  Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian basin, Ryan Duman, Senior Analyst, Lower 48, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Permian midstream bottlenecks may choke output

  • 24 七月 2019

  Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure and placing increasing slowdown pressure on other production streams like crude oil and natural gas liquids (NGLs), Dr Eugene Kim, Research Director, Americas Gas, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Permian operators cash in ... by thinking inside the box

  • 21 八月 2019

  As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.

• News Release

  China’s gas production to double to 325 bcm in 2040

  • 28 八月 2019

  Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.

• News Release

  China’s pipeline reform: expect higher gas prices in the short-term

  • 09 十月 2019

  New research from Wood Mackenzie indicates that the creation of a national pipeline company in China is a step in the right direction but will result in higher end-user prices in the short-term as the country tries to balance institutional reform with implementation risks.

• News Release

  Australia’s east coast gas prices to bottom out over next two years

  • 20 十一月 2019

  In the latest Australia east coast gas market research, Wood Mackenzie projects that the LNG netback price for Australia’s east coast could bottom out to A$6.50 – A$9 per gigajoule (GJ) over the next two years.

• News Release

  Increased uncertainty to colour upstream sector’s decision-making in 2020

  • 09 一月 2020

  The level of uncertainty and anxiety among upstream producers and supply chain has rarely been higher. In 2020, decision-making will be more heavily influenced by sentiment surrounding the energy transition, political upheaval and trade disputes than in previous years. This adds to the ever-present risks of unexpected supply-demand imbalance, niche cost inflation or a global economic downturn. What are the biggest trends to watch in the upstream oil and gas business in 2020? Fraser McKay, head of upstream analysis at Wood Mackenzie, sees five key themes.

• News Release

  Can Europe cope if Russia shuts off Ukraine gas transit?

  • 19 十二月 2019

  The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."

• News Release

  Asia Pacific upstream - 5 themes to watch in 2020

  • 19 十二月 2019

  Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020.