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BP’s US$6bn Azeri Central East project gets the nod
- 19 四月 2019
BP and partners have taken a final investment decision (FID) on the Azeri Central East (ACE) platform, the latest phase at Azerbaijan's super-giant Azeri-Chirag-Guneshli (ACG) oilfield. The US$6 billion project will be one of the biggest upstream FIDs of the year.
Comment
Chrysaor snaps up ConocoPhillips' North Sea assets in US$2.7bn deal
- 18 四月 2019
Chrysaor on 18 April 2019 agreed to buy ConocoPhillips’ North Sea assets in a US$2.7 billion deal. The purchase will make Chrysaor the top producer in the UK in 2019 and keep it among the UK's largest producers for the next few years.
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Majors step up to bid on Argentina offshore acreage
- 17 四月 2019
Argentina's first national offshore licensing round attracted the interest of the Majors, and resulted in winning bids totalling US$718.28 million.
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Santos makes significant gas discovery at Corvus-2 appraisal well
- 16 四月 2019
Santos' announced the confirmation of a significant gas resource at Corvus-2 appraisal well. Wood Mackenzie senior analyst Daniel Toleman comments on the announcement.
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Indonesia elections and impact on energy and mining and metals sectors
- 16 四月 2019
Indonesia heads to the polls on 17 April 2019. Wood Mackenzie and sister company Verisk Maplecroft discuss what this means for the energy, and mining and metals sectors.
Comment
Delek makes splash with US$965m deepwater Gulf of Mexico deal
- 12 四月 2019
Delek Group has bought Shell's stake in the Caesar-Tonga field, in the deepwater Gulf of Mexico
Comment
BP to exit China shale gas
- 12 四月 2019
In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.
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Aramco's $10bn bond underscores its vast global ambitions
- 01 四月 2019
Saudi Aramco’s decision to issue a $10 billion bond underscores how serious the company is about transforming itself into an international powerhouse across the oil and gas value chain, from upstream to petrochemicals.
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Buyers' market as Gulf of Mexico lease sale wraps up
- 20 三月 2019
The US Gulf of Mexico region wide Lease Sale 252 was held today, 20 March 2019. The sale attracted 257 bids from 30 companies, with high bids totalling US$244.3 million. An increase of about $66 million (37%) from the last region-wide lease sale in August 2018.
Comment
India commissions first east coast LNG terminal
- 07 三月 2019
India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.
Comment
ExxonMobil and QP land a giant with Glaucus
- 28 二月 2019
ExxonMobil and partner Qatar Petroleum today announced they made a major gas find with the Glaucus-1 well, drilled offshore Cyprus. “Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. He added: “It will be one of the biggest discoveries of the year."
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China restricts seaborne coal imports
- 25 二月 2019
Wood Mackenzie analysts Yu Zhai and Robbin Griffin comment on the recent restriction of seaborne coal imports by China.
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Spanish renewables targets undermined by political uncertainty
- 20 二月 2019
Today, Wednesday 20th February 2019, Spanish Prime Minister Pedro Sanchez presented the country’s climate action plan for 2030 to 2050. Commenting on the announcement, Wood Mackenzie Power & Renewables Senior Research Analyst, Brian Gaylord, said:
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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.
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Will the Vale Malaysia fire cause more iron ore supply disruption?
- 15 二月 2019
Today, Friday 15th February 2019, Vale announced there was a fire affecting a conveyor belt system at its distribution centre in Malaysia. Vale anticipated that this would result in a 10 to 15 day halt in operations and noted that a planned 10 day shut down for maintenance was already scheduled for this period.
Comment
Sanctions to squeeze Venezuela’s output
- 01 二月 2019
The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have on state-run oil producer PDVSA and the country’s energy sector?
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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
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.
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Glengorm ‘largest UK gas find since 2008’
- 29 一月 2019
CNOOC Ltd and Total's Glengorm gas discovery, in teh Central North Sea, is the largest gas find in UK waters since Culzean in 2008
Comment
Brent set to average $65/b in 2019
- 21 一月 2019
Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the volatility, with political uncertainty compounding concerns of a sharper than expected economic slowdown. What's the outlook for 2019?
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Fibrant Nanjing declares force majeure on Caprolactam
- 18 一月 2019
Commenting on Fibrant Nanjing's announced force majeure on Caprolactam, Dr. Crystal Chiang, Wood Mackenzie Chemicals Asia Polyamide Director, said:
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Ascend Performance Materials declares force majeure on HMD
- 08 一月 2019
Following Ascend Performance Materials' decision to declare a force majeure on hexamethylene diamine (HMD), Wood Mackenzie Chemicals Head of Thermoplastics, Quentin de Carvalho, commented:
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Medco Energi's potential takeover of UK-listed Ophir Energy
- 02 一月 2019
On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.
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Full steam ahead for Tortue FLNG
- 21 十二月 2018
Sanctioning the Tortue FLNG project, offshore Mauritania/Senegal is a 'major milestone' for BP and its partners
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Chevron loses second major production asset in South East Asia
- 13 十二月 2018
Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.
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OPEC and Russia agree output deal
- 07 十二月 2018
OPEC and its allies agreed a 1.2 million barrel per day cut after two days of tense meetings in Vienna.
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Chevron Phillips Chemical to cease US paraxylene production
- 06 十二月 2018
Commenting on the news that Chevron Phillips Chemical will cease paraxylene production in the U.S at the end of this year, Gordon Haire, Wood Mackenzie Chemicals Research Director, said:
Comment
ExxonMobil's Pluma marks a perfect 10
- 04 十二月 2018
ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Luiz Hayum, research analyst with Wood Mackenzie's Latin America upstream oil and gas team, comments on Exxon's latest find, Pluma.
Comment
Qatar quits OPEC
- 03 十二月 2018
On 3 December 2018, Qatar announced it will withdraw from OPEC on 1 January 2019, putting an end to its 57-year membership of the producers’ cartel. Qatar, which said it intends to focus on its gas production, made the announcement ahead of the 6 December OPEC meeting.
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Explorers hit the jackpot in sub-Saharan Africa
- 06 十一月 2018
In the past 10 years, explorers in sub-Saharan Africa have turned up more giant discoveries than any other region. But converting volume into value is undoubtedly sub-Saharan Africa’s Achilles heel.

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