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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.

News Release

Murphy Oil reaches FID in Gulf of Mexico deepwater

08 八月 2019

Murphy Oil has reached a Final Investment Decision (FID) regarding the King's Quay facility, Khaleesi/Mormont and Samurai developments in deepwater Gulf of Mexico. Commenting, Mfon Usoro, Wood Mackenzie analyst said: “Murphy’s sanction of the trio of projects including the King’s Quay facility, K...

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.

News Release

Brazil gas market reform unlocks investment across value chain

06 八月 2019

Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities across the gas value chain, and boost investment in the country’s pre-salt.

News Release

Permian midstream bottlenecks may choke output

24 七月 2019

Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure and placing increasing slowdown pressure on other production streams like crude oil and natural gas liquids (NGLs), Dr Eugene Kim, Research Director, Americas Gas, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

News Release

Produced water poses growing risk to Permian production growth

24 七月 2019

Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian basin, Ryan Duman, Senior Analyst, Lower 48, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

News Release

Faster decline rates prompt Permian players to eye spending boost

22 七月 2019

Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

News Release

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

15 七月 2019

Wood Mackenzie, the global natural resources research consultancy, announces today its partnership with P2 Energy Solutions to better analyse current and future well spacing.

Comment

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.

News Release

Dominican Republic launches first licensing round

10 七月 2019

The Dominican Republic today launched its first licensing round, putting 14 blocks across its on- and offshore basins up for bid.

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

New pipeline needed to meet surge in demand for Permian crude

08 七月 2019

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.

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."

News Release

OPEC+ set for rollover but risk clouds supply outlook

30 六月 2019

As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

News Release

Malaysia offers significant gas opportunities

24 六月 2019

According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

News Release

Mozambique LNG under starter’s orders

18 六月 2019

US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa). Feedgas comes from the Golfinho/Atum field, in Offshore Area 1.

Comment

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.

News Release

Argentina LNG exports positioned to meet peak demand in Asia

13 六月 2019

Rising natural gas production in Argentina, coupled with competitive global LNG transportation costs, is expected to position the country as an emerging source of gas supply to Asia during peak demand periods, according to new research from Wood Mackenzie.

Comment

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.

News Release

Total brings Culzean on stream, ahead of time and under budget

11 六月 2019

French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

News Release

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

11 六月 2019

Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.

News Release

Corpus Christi set to be top U.S. crude export hub

11 六月 2019

The Texas port of Corpus Christi is set to emerge as the top crude oil export hub in the US over the next decade, reflecting major investments in shipping facilities and pipeline infrastructure, according to new research from Wood Mackenzie's North America Crude Markets Service.

Comment

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.

Comment

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.

News Release

Australia's next wave of LNG projects needs to compete to progress

28 五月 2019

According to research by Wood Mackenzie, a second wave of LNG investments is building, both in Australia and globally, and these projects need to compete to progress

Comment

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.

News Release

Montney total production to increase by 16% in 2019

16 五月 2019

Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day (bcfe/d) in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie.

Comment

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.

Comment

Chevron exits bidding war for Anadarko

09 五月 2019

Chevron Corporation today announced that it would not offer a counterproposal to Occidental Petroleum's rival bid to acquire Anadarko Petroleum.

Comment

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?

07 五月 2019

Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in on what this means for the different sectors.

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Search results: 305

Jethro-1 delivers the goods for Tullow

Murphy Oil reaches FID in Gulf of Mexico deepwater

Data consortiums signal the future of oil and gas

Brazil gas market reform unlocks investment across value chain

Permian midstream bottlenecks may choke output

Produced water poses growing risk to Permian production growth

Faster decline rates prompt Permian players to eye spending boost

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

Abadi LNG gets greenlight for revised Plan of Development

Dominican Republic launches first licensing round

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

New pipeline needed to meet surge in demand for Permian crude

OPEC+ aims for balance as it rolls over output curbs

OPEC+ set for rollover but risk clouds supply outlook

Malaysia offers significant gas opportunities

Mozambique LNG under starter’s orders

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

Argentina LNG exports positioned to meet peak demand in Asia

Shell's Prelude ships first LNG cargo

Total brings Culzean on stream, ahead of time and under budget

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

Corpus Christi set to be top U.S. crude export hub

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

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

Australia's next wave of LNG projects needs to compete to progress

Scott Morrison wins 2019 Australia election

Montney total production to increase by 16% in 2019

Equinor takes extra slice of Caesar-Tonga

Chevron exits bidding war for Anadarko

IMO 2020 – what does it mean for downstream, upstream, LNG and bulks sectors?