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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.
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?
News Release
Outlook sluggish for upstream M&A
- 21 一月 2019
Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.
Comment
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.
Comment
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
News Release
Major LNG buyers' uncontracted demand to quadruple by 2030
- 13 十二月 2018
Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.
Comment
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.
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
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
Is the end of the global energy transition closer than we think?
- 17 十月 2018
Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.
Comment
New wave of growth on the horizon for Asia-Pacific's oil and gas sector
- 15 十月 2018
Asia-Pacific's oil and gas sector looks set to rebound over the next 12 months as rising demand, stronger commodity prices and an uptick in M&A activity bring greater confidence to the region. Wood Mackenzie predicts rising Asian LNG demand, the return of China's NOCs to growth mode and new appetite for upstream investment to be key factors influencing the sector, not only Asia-Pacific, but also globally into 2019.
Comment
China's retaliatory tariff on US LNG
- 19 九月 2018
In the 12 months up until June 2018, China was the second largest buyer of US LNG, accounting for approximately 3 mmtpa of US LNG, with Shell being the largest seller. However as the US-China trade dispute escalated, Chinese buyers have gradually reduced purchases of US LNG.
News Release
China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters
- 21 八月 2018
Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.
News Release
OPEC producers key to world supply through to 2040
- 16 七月 2018
Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.
News Release
Rise in new players in Southeast Asia's upstream sector
- 28 六月 2018
Since the fall in oil prices in 2014, oil majors and international oil companies (IOCs) have accelerated a shift towards resource themes and regions offering higher returns, lower complexity and shorter timeframes, away from the more challenging regions such as Southeast Asia. To date, close to 800 million barrels of oil equivalent (boe) of the region's resources have left the hands of majors and IOCs.
Comment
Potential gas shortfall in Australia's East Coast starting between 2023 and 2025
- 22 六月 2018
In contrast to the 2018 GSOO released today by the AEMO, Wood Mackenzie’s East Coast Gas report identifies a potential gas shortfall between 2023 and 2025, significantly earlier to the GSOO’s estimate of 2030.
Comment
China retaliates with tariffs on $34 billion worth of US goods
- 18 六月 2018
Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.
News Release
East Coast gas prices could rise 30 percent in five years
- 25 五月 2018
In a recent study, Wood Mackenzie forecasts Australia's East Coast gas prices to rise up to 30 percent to between A$10 and A$13 /per gigajoule by the mid 2020s.
News Release
Conventional pre-FID breakevens give the Lower 48 a run for its money
- 14 三月 2018
Analysis of global oil cost curves indicates that many conventional pre-FID projects – even deepwater developments - are now competitive on a breakeven basis with US Lower 48 tight oil. However, this competitiveness has come at the expense of volumes. The trade-off of cost efficiency versus volumes means that in the medium- to long-term, the cost of supply is set to increase, highlighting the US Lower 48’s role as an important marginal barrel producer.
News Release
Will a shifting global market embrace US crude?
- 05 三月 2018
A new study by Wood Mackenzie, examines this shift in the oil market, and assesses the challenges and opportunities facing the market and US producers and midstream operators.
Comment
Mexico’s Deepwater Round 2.4 Receives Significant Bids
- 31 一月 2018
Mexico’s second deepwater licensing round closed today on a high note with 19 of 29 offered blocks awarded, raising more than US$500 million in cash payments. Shell dominated the auction, snapping up nearly half of all blocks awarded. In the Perdido Area, the company won five of six awarded blocks.
News Release
Latin America to buck global exploration trend in 2018
- 22 一月 2018
Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.
Comment
India to double oil products growth in 2018
- 19 一月 2018
India is poised to double its oil product demand growth (190 kb/d) in 2018 after a sluggish 2017, when demand grew by only 93 kb/d. Last year, demand growth was at its slowest in the past three years.
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
Comment
Can LNG save China from winter gas shortage?
- 22 十一月 2017
China's introduction of the '2+26' cities policy earlier this year calls for restricted use of coal for both residential heating and industrial purposes. This has significant ramifications for the Chinese winter season where demand is traditionally high. As an alternative to coal, gas demand could rise by 23 bcm this year compared to previous winters. Facing the most severe shortages is northern China, particularly Beijing, Tianjin and Hebei (abbreviated as BTH), where demand is highly seasonal. This region will make up half or 10 bcm of the incremental winter gas demand in 2017.
Comment
India's GST - A boon for oil markets?
- 16 十一月 2017
The introduction of India's Goods and Services Tax (GST) has lifted oil demand in the country this year. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected by the impact of GST on vehicle prices and sales, especially in the logistics sector.
Comment
Wood Mackenzie commentary on India CERA Week
- 09 十月 2017
To mark the start of the India Energy Forum by CERA week, Wood Mackenzie analysts weigh in on the country's oil and gas outlook and production prospects.
News Release
UK car ban will have "massive impact on markets"
- 26 七月 2017
We took a closer look at the impact of the UK government’s proposal to ban the sale of new petrol and diesel cars by 2040.
News Release
Batteries & renewables to start displacing gas
- 26 七月 2017
A joint research report conducted by Wood Mackenzie and GTM Research assessing generation economics concludes that declining renewables and energy storage costs will increasingly squeeze out gas-fired generation in South Australia as early as 2025.
News Release
Surge in oil hedging could worsen US supply glut
- 27 三月 2017
Those hoping that recent oil-price weakness will prompt US producers to pull back drilling activity and ease the glut of oil supply may need to keep waiting.

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