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Tight oil’s second great growth phase about to begin?

07 十一月 2016

More operators are hinting through this Q3 results season at redeploying rigs in the coming months, potentially kick starting what will be tight oil’s second great growth phase.

Opinion

4 key refining and chemical themes from Moscow

23 四月 2019

We've condensed dozens of discussions at Wood Mackenzie's first Russia downstream forum and the 7th CIS Petrochemicals 2019 Conference into 4 of the hottest topics.

The Edge

What are the key risks and uncertainties in 2019?

18 十二月 2018

What are the key risks and uncertainties in 2019? Simon picks the ones our analysts worry could threaten our base case, including oil demand downside, tight oil upside and Iran export volumes.

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.

Opinion

Progress on opex, but will it stick?

30 九月 2016

The dramatic fall in oil prices has forced the industry to look hard at capex plans and the efficiency of operating assets and functions, with significant downward pressure on rates.

The Edge

A cornerstone of global oil supply – Canada at a cross roads

01 三月 2017

Canada's investor sentiment soured by environmental concerns and competition for capital from tight oil have already begun to reshape the domestic corporate landscape.

The Edge

US tight oil – the investment dilemma

05 三月 2021

US Lower 48 Independents’ finances are looking rosier as capital discipline and higher oil prices work their magic. Will a cash flow bonanza lead to more drilling?

Featured

How uncertainty will define the oil market in 2021

28 一月 2021

Covid-19 and the oil price crash sent shockwaves through the oil market in 2020. How will continuing uncertainty affect global demand, supply and refining in 2021?

Featured

How the worst oil price crash in history changed the upstream industry

24 六月 2020

The oil price crash has wiped US$1.6 trillion off our valuation of the global upstream industry. This captures the impact of our downgraded long-term Brent price assumption – now US$50/bbl (2020 terms), previously US$60/bbl – and much more. Which regions and players have been hit hardest? What measures have been taken to survive?

Opinion

Will there be a bailout for the hard-pressed US shale industry?

13 三月 2020

As US E&Ps are battered by plunging oil prices, the Trump administration is considering offering them financial support. This and more in this week's Energy Pulse with Ed Crooks.

Opinion

Global upstream update: three key industry themes

06 九月 2023

From increasing M&A activity to supply wildcards, here’s the latest trends in upstream oil & gas

Editorial

What does the oil price crash mean for you?

01 四月 2020

How much do we think investment is going to fall this year, why is it different to the last price crash, and where are the costs most likely to be cut? Our team of global upstream experts tackles the industry’s burning questions in this 35-minute webinar.

Opinion

Five ways the coronavirus changed the world of energy this week

20 三月 2020

The US government is starting to buy crude and facing calls for it to manage the oil market, as demand continues to weaken. In this week's Energy Pulse by Ed Crooks.

The Edge

Is the price rally in energy and metals sustainable?

14 五月 2021

Green shoots of economic recovery are bursting through. Energy, metals and mining commodity markets have sensed it for months – witness the soaring prices of oil, LNG, iron ore, copper and many other metals. Is this a post-pandemic economic bounce or the start of a new supercycle?

Opinion

The US government speeds up drilling permit approvals

04 六月 2021

The Biden administration this week issued an order suspending further work on oil leases in the Arctic National Wildlife Refuge in Alaska, pending a new environmental review. The order follows through on a commitment that President Joe Biden made on his first day in office. Drilling in ANWR has always been highly controversial, and the lease sale in January attracted only limited interest.

Opinion

Tight oil in turmoil

18 三月 2020

Tight oil producers are dealing with prices half of what the sector was founded on. The worst positioned won’t survive this downturn.

Editorial

Oil and gas M&A market: more gridlock ahead?

31 三月 2017

Our M&A service estimates that over US$300 billion of potential assets earmarked for disposal remain in the global upstream deal pipeline.

Opinion

Learning the right lessons from the Texas crisis

03 十二月 2021

The blackouts raise important questions about investment, innovation and electricity market design, as the share of variable renewable generation on the grid increases.

The Edge

A Biden administration: implications for the energy industry

09 十一月 2020

The energy sector faces a very different future under President-elect Biden. What are the implications for the oil market? How will key US geopolitical relationships change? And can a Biden administration push through its climate change goals?

Opinion

Global upstream update: a review of key industry themes

29 六月 2023

The upstream oil and gas industry continues the push to decarbonise production but faces increasing regulatory uncertainty

Editorial

Weekly Covid-19 impact briefing

28 五月 2020

Every week our experts come together to explore the impact of the coronavirus pandemic across the sectors we cover. Get your copy of the key takeaways.

Opinion

The promise of green hydrogen

09 十月 2020

Hydrogen made from water has been discussed as an energy carrier for 150 years. A steep decline in its cost means it may at last become viable

The Edge

Rising US oil exports, market disruption, Brent-WTI spread

30 一月 2018

What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.

Opinion

What do the Saudi attacks mean for Asia?

20 九月 2019

September 14 drone strikes on Saudi Arabian oil and gas infrastructure at Abqaiq and Khurais highlighted the vulnerability of Asia's oil markets to an attack on facilities in the Middle East. Analysis from Gavin Thompson.

News Release

Four signposts for the chemicals industry under a Biden administration

16 十一月 2020

The Democrats are expected to retain control of the US House of Representatives, but the Senate will be determined by upcoming run-offs in the state of Georgia. While the chemicals sector is expected to see few direct impacts, there are several themes that should be watched closely.

News Release

Key things to watch in upstream in 2024

11 一月 2024

Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

The Edge

Global upstream investment – set to rise in 2017

08 十二月 2016

Chief Analyst Simon Flowers expects prices to rise and US tight oil to lead the industry out of the downturn.

Comment

What next for the oil market as the US reimposes sanctions on Iran?

06 十一月 2018

What next for the oil market as the US reimposes sanctions on Iran?

News Release

2020 gets off to a bumpy start for the refining sector

21 一月 2020

This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 2020 regulations, and US tight oil production slowing, among them.

The Edge

Oil closes in on peak oversupply

28 四月 2020

The steep decline in oil demand is putting the entire system under pressure. Will there be sufficient storage globally to cope? Will we see more production shut-in? What are the prospects for demand recovery? Find out more in this week's Edge.

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