• Featured

  Shifting tides of global crude oil trade: Six emerging themes

  • 05 十二月 2018

  We've identified six key themes that will influence the global crude and refining markets in the next five years. Read on for a high level overview of these key areas.

• Featured

  The changing global crude trade landscape

  • 28 十一月 2018

  Over the next five to six years global crude trade is expected to significantly change. This will impact the entire chain, from producers to investors. In this three part series, we look at the global story, the six key themes and finally, we focus on the likely impacts for Asia.

• Case Study

  Maximising the value of mining in Oman

  • 30 十一月 2018

  Learn how our metal and mining consultants helped create a more attractive commercial environment for Oman

• Editorial

  Qatar lifts North Field moratorium

  • 03 四月 2017

  On the eve of Gastech, Qatar has grabbed headlines with a plan to grab more long-term LNG market share.

• Webinar

  Metals and Mining Briefing | Capturing value from carbon taxes

  • 08 七月 2021

  Join us on Thursday 8th July for a discussion with Wood Mackenzie’s senior metals and mining experts to understand how carbon taxes and stakeholder pressure are reshaping the metals and mining investment environment.

• Opinion

  Middle East and North Africa upstream: 5 things to look for in 2024

  • 10 一月 2024

  With COP28 recently completed in the UAE, there is elevated interest in progressing diverse clean energy strategies in the MENA region.

• Comment

  Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

  • 06 六月 2020

  OPEC+ today (6 June 2020) agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market further and could see Brent prices rise from the current $40/bbl toward $45-to-$50/bbl.

• Comment

  All eyes on OPEC meeting as group mulls easing of production restraint

  • 01 十二月 2020

  OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

• News Release

  OPEC+ maintains production plan

  • 27 四月 2021

  OPEC+ is, as expected, holding firm to its decision to increase supply, gradually and carefully, over the coming months.

• News Release

  Global energy storage set to triple in 2021

  • 07 十月 2021

  New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

• News Release

  Global gas and LNG – 6 trends to watch in 2022

  • 13 一月 2022

  Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.

• News Release

  Key things to watch in the European gas market for 2022

  • 13 一月 2022

  Risk of a cold winter, uncertainty around pipeline imports and low gas inventories have set the scene across Europe for another volatile year ahead, with the potential for gas prices to soar further and energy shortages to bite.

• News Release

  Half of traditional super basins are future-fit and they have three things in common

  • 21 七月 2022

  Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by Wood Mackenzie.

• News Release

  High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

  • 16 二月 2023

  The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

• News Release

  Steel decarbonisation to redefine supply chains by 2050

  • 19 十月 2023

  The rise of electric-arc furnace technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns.

• News Release

  COP28: Middle East could play a key role in decarbonising global economy

  • 23 十一月 2023

  Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

• Comment

  Petronas takes 10% stake in Oman’s Khazzan development

  • 23 十月 2018

  Malaysian NOC Petronas buys a 10% interest in Oman's Khazzan development

• News Release

  Upstream companies positioned to thrive in 2019

  • 17 十二月 2018

  Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

• News Release

  Golden Pass crests second wave of US LNG

  • 05 二月 2019

  ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.

• News Release

  OPEC+ aims for balance as it rolls over output curbs

  • 02 七月 2019

  Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

• Comment

  Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

  • 10 七月 2019

  French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

• News Release

  Data consortiums signal the future of oil and gas

  • 07 八月 2019

  Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.

• Comment

  Aramco takes slice of Reliance’s refining and petchems businesses

  • 11 八月 2019

  Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses.

• Comment

  Qatar eyes LNG top spot as it primes 64% output boost

  • 26 十一月 2019

  On 25 November, Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126 million tpa by 2027 – following a successful appraisal of the North Field’s onshore extension, near Ras Laffan Industrial City.

• News Release

  OPEC+ set to make its choice

  • 05 十二月 2019

  OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”

• Comment

  Deeper OPEC+ supply cuts sends supportive signal to markets

  • 06 十二月 2019

  After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.

• News Release

  OPEC+ ‘no deal’ a blow to the market

  • 06 三月 2020

  The OPEC+ meeting broke up without a deal, what does it mean for the markets?

• News Release

  Oil price rout may trigger major industry shake-up

  • 10 三月 2020

  As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.

• Comment

  Industry slashes spending as price rout deepens: Can companies cope?

  • 19 三月 2020

  Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

• News Release

  Oil price rout: which supply is most at risk of shut-in?

  • 27 三月 2020

  The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?