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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.

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India's 2020 energy outlook

23 一月 2020

India's 2020 energy outlook

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What does the US-China trade deal mean for refiners - and for the market?

20 一月 2020

After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

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US and China sign Phase One trade deal

16 一月 2020

Wood Mackenzie's Gavin Thompson provides a commentary on the US-China Phase One trade deal

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Talos shells out US$640m for Gulf of Mexico assets

12 十二月 2019

Talos Energy, in its pursuit of growth in the US Gulf of Mexico, has announced a series of purchases, worth $640 million assets in the region

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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.

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European Investment Bank to cease funding fossil fuel projects

15 十一月 2019

The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.

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Brazil’s PSC Round 6 disappoints as Petrobras lodges sole bid

07 十一月 2019

Speaking after this morning’s PSC round, Juliana Miguez, from Wood Mackenzie’s Latin America upstream team, said: “Petrobras has returned to the headlines. One day after it dominated the Transfer of Rights Surplus round, the NOC placed the only bid of today’s auction."

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Majors cautious as Petrobras takes prize in Brazil’s TOR round

06 十一月 2019

Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks.

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Total expands partnership with Adani on India's gas market

14 十月 2019

Total announced today its partnership with Adani Group which includes two LNG terminals, Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.

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Santos to acquire ConocoPhillips northern Australian assets

14 十月 2019

Santos announced today its plans to acquire ConocoPhillips’s northern Australian portfolio. This is a logical and attractive transaction for a number of reasons.

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Brazil licensing round sets record as Majors eye November's prizes

10 十月 2019

Brazil's Licensing Round 16 set a record – the BRL 8.9 billion (US$2.2 billion) in signature bonuses is the highest yet for a Brazilian round. Of the 36 blocks on offer, 12 were awarded, all in the prolific offshore Campos and Santos basins. Malaysia’s Petronas, Qatar’s QPI, Spanish producer Repsol and the US’ Chevron all bid high. QPI and Petronas were the biggest spenders of the day, as well as Petrobras. Only Campos and Santos basin blocks were awarded, with frontier acreage failing to attract interest.

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Red-letter day for Norway as Johan Sverdrup comes on stream

08 十月 2019

First oil from Johan Sverdrup – Norway’s sixth-largest discovery, with reserves of around 2.7 billion barrels – is a red-letter day for the partners and the Norwegian state. The decision to sanction the development was the country's largest final investment decision in more than 30 years.

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ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

27 九月 2019

ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.

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Japan to invest additional $10 billion in global LNG infrastructure projects

26 九月 2019

Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

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ExxonMobil to sell upstream assets in Gippsland Basin

18 九月 2019

ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market.

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Attack on Saudi Arabia's oil facilities

16 九月 2019

This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

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BP sells Alaska business to Hilcorp in US$5.6bn deal

27 八月 2019

Speaking after BP announced the sale of its Alaska business to Hilcorp in a US$5.6 billion deal, Wood Mackenzie analyst Rowena Gunn said: “The Majors are making progress with their divestment campaigns. This will mean long-held assets and territories will be let go. BP made such a deal today with its sale of all US Alaska assets to privately-owned Hilcorp."

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TechnipFMC demerger 'a bold step to reposition for the long-term'

27 八月 2019

In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

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Lift off as Sputnik partners hit oil

20 八月 2019

Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.

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ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

13 八月 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

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Jethro-1 delivers the goods for Tullow

13 八月 2019

The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than 100 million barrels of recoverable oil, subject to appraisal.

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Abadi LNG gets greenlight for revised Plan of Development

15 七月 2019

The Government of Indonesia has approved the revised Plan of Development for the Abadi LNG project. INPEX (operator, 65%) and Shell (35%) will develop Abadi via an offshore production facility and a 9.5 million tonnes per annum (mmpta) onshore LNG plant, at an estimated cost of US$20 billion.

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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.

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Japan's INPEX signs deal with Indonesia on Masela block development

17 六月 2019

The HoA formalises the recent outline agreement between the Government of Indonesia and INPEX on the Masela development project.

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Shell's Prelude ships first LNG cargo

12 六月 2019

Wood Mackenzie senior analyst Daniel Toleman shares his thoughts on the event of Prelude's first LNG cargo.

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Delek in US$2bn swoop on Chevron’s North Sea assets

30 五月 2019

Israel’s Delek Group confirmed today that it will buy US major Chevron’s North Sea assets in a US$2 billion deal.

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CNR snaps up Devon's Canada assets in US$2.8bn deal

29 五月 2019

Canadian Natural Resources today announced a C$3.8 billion (US$2.8 billion) acquisition of Devon Energy's Canadian assets, marking the company's seventh major acquisition since 2014.

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Scott Morrison wins 2019 Australia election

20 五月 2019

Following PM Scott Morrison's win in the recent 2019 Australia election, Wood Mackenzie and Verisk Maplecroft analysts share their thoughts.

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Equinor takes extra slice of Caesar-Tonga

13 五月 2019

Equinor has exercised its preferential rights over Delek Group to acquire an additional 22.45% interest in the Caesar-Tonga oil field from Shell, for a total consideration of US$965 million in cash.

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Search results: 145

PNG government calls off P'nyang Gas Agreement negotiations

India's 2020 energy outlook

What does the US-China trade deal mean for refiners - and for the market?

US and China sign Phase One trade deal

Talos shells out US$640m for Gulf of Mexico assets

Deeper OPEC+ supply cuts sends supportive signal to markets

European Investment Bank to cease funding fossil fuel projects

Brazil’s PSC Round 6 disappoints as Petrobras lodges sole bid

Majors cautious as Petrobras takes prize in Brazil’s TOR round

Total expands partnership with Adani on India's gas market

Santos to acquire ConocoPhillips northern Australian assets

Brazil licensing round sets record as Majors eye November's prizes

Red-letter day for Norway as Johan Sverdrup comes on stream

ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

Japan to invest additional $10 billion in global LNG infrastructure projects

ExxonMobil to sell upstream assets in Gippsland Basin

Attack on Saudi Arabia's oil facilities

BP sells Alaska business to Hilcorp in US$5.6bn deal

TechnipFMC demerger 'a bold step to reposition for the long-term'

Lift off as Sputnik partners hit oil

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

Jethro-1 delivers the goods for Tullow

Abadi LNG gets greenlight for revised Plan of Development

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

Japan's INPEX signs deal with Indonesia on Masela block development

Shell's Prelude ships first LNG cargo

Delek in US$2bn swoop on Chevron’s North Sea assets

CNR snaps up Devon's Canada assets in US$2.8bn deal

Scott Morrison wins 2019 Australia election

Equinor takes extra slice of Caesar-Tonga