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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.

Comment

OGA gives Alligin and Finlaggan the green light

23 十月 2018

UK Oil & Gas Authority gives the Alligin and Finlaggan developments the green light

News Release

How do the Majors stack up in the Lower 48?

16 十月 2018

The Major oil and gas companies have made big strategic bets on the US Lower 48's unconventional plays. The scale, returns and investment flexibility offered by tight oil and gas has made it an essential part of most major players’ portfolios. But how do the players compare to each other?

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.

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Rosebank deal 'cements Equinor's commitment to the UK'

01 十月 2018

Norway's Equinor set to buy Chevron's 40% operating stake in the Rosebank field, offshore West of Shetland

Comment

Merger does the business for Wintershall and DEA

28 九月 2018

Wintershall and DEA set to merge to create independent exploration and production company

Comment

Chevron in talks to sell Rosebank stake

27 九月 2018

US major Chevron has confirmed it is in talks to sell its 40% operating stake in the Rosebank field, offshore West of Shetland

Comment

Total hits the jackpot at Glendronach

24 九月 2018

Total has made a major gas discovery in the UK's West of Shetland region, hitting an estimated 1 trillion cubic feet of gas

News Release

Private equity's future in US Gulf of Mexico deepwater

19 九月 2018

With many Independents and Majors chasing onshore shale and white hot Brazil and Mexico, the US Gulf of Mexico, once the coveted jewel of the oil industry, has become a lower investment priority in recent years. This has opened the space for private equity-backed companies who have stepped up to the plate, turned pennies into dollars and shown they have what it takes to compete.

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

Permian producers hedge their bets against pipeline delays

11 九月 2018

Permian producers increased their 2020 oil-basis hedge positions by 431% during Q2. Such a sharp rise suggests producers perceive a higher risk that key pipeline projects fail to start up by 2019 target dates, according Wood Mackenzie's latest analysis of oil and gas activity.

Comment

Transocean’s $2.7bn Ocean Rig deal ‘a winner’

03 九月 2018

Rig provider Transocean is set to merge with Ocean Rig in a $2.7 billion deal, a move Wood Mackenzie says is a winning one for the rig market.

Comment

ExxonMobil and Guyana hit Jackpot with latest offshore discovery

01 九月 2018

ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Accounting for 15% of all conventional crude found globally since 2015, no other area has delivered as much conventional oil resource.

News Release

Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence

28 八月 2018

Brazil’s Campos basin is awaiting a resurgence in production according to a new report by Wood Mackenzie, analysing the impacts redevelopment of the basin's mature oil fields could have on production, royalty collection and job creation.

News Release

Global upstream project delivery is finally hitting the mark

14 八月 2018

Has the oil and gas industry finally turned around its reputation for always delivering upstream projects behind schedule and overbudget? Emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on project returns, according to a new Wood Mackenzie report.

Comment

More oil discovered in Carnavon Petroleum's Dorado-1 well

08 八月 2018

A sizeable discovery is significant for Quadrant, whose private equity backers are looking to exit, and Carnarvon, which is a pure-play explorer. A standalone oil discovery is easier to monetise than gas, as it does not require LNG contracts or gas infrastructure.

Comment

BP buys BHP's L48 assets in 'transformative' $10.5bn deal

27 七月 2018

BP has bought BHP Billiton's US Lower 48 assets in a $10.5 billion deal. Wood Mackenzie believes the deal will be transformative for BP.

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.

Comment

Chevron set to divest central UK North Sea assets

04 七月 2018

Chevron has announced it is planning to sell its central UK North Sea assets, including Captain, Elgin/Franklin, Erksine and Jade, to focus on the West of Shetland province.

Comment

BP seals asset swap with ConocoPhillips

04 七月 2018

BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips

Comment

Mexico's new president: Energy future at a crossroads

02 七月 2018

After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.

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.

News Release

New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

20 六月 2018

Brazil's new local content regulations could fast-track the deployment of FPSO units, speeding up the pace of pre-salt oil production by more than 21 billion barrels by the mid-2020s, a new report by Wood Mackenzie analysing the impact of new local content rules on production, royalty collection and job creation has found.

News Release

Exploration industry eyes a brighter future at EAGE

12 六月 2018

In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.

News Release

Permian produced water: slowly extinguishing a roaring basin?

11 六月 2018

With the recent rise oil prices, operators have been adding rigs and ramping up completions in the Permian Basin – the largest and most important source of oil supply growth in the world. However, persistent operational water challenges present a material risk to companies' future profitability and production.

News Release

Majors dig deep as Brazil's PSC Round 4 sets record

07 六月 2018

On 7 June 2018, Brazil held its fourth pre-salt auction, just eight months after the highly competitive second and third pre-salt rounds. US$818 million was collected in signature bonuses, the outcome was yet another big success for Brazil. With the successful conclusion of five licensing rounds in the span of less than a year, and a fifth PSC Round set for September 2018, interest in Brazil's upstream sector continues to be very strong.

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

A new era for oil and gas in Mexico

16 五月 2018

Look no further than Mexico for an example of what a successful energy reform looks like. Over the past five years, the country has dramatically overhauled its energy landscape. A new report analyses the impacts of the energy reform on the country's upstream sector.

News Release

Chinese shale gas production to almost double in two years

17 四月 2018

Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells and 9 bcm of production last year. In its latest analysis, Wood Mackenzie projects Chinese shale gas production to almost double to 17 bcm in 2020.

News Release

Upstream FIDs pushes on with lower costs

05 四月 2018

As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.

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Search results: 300

Upstream players need to boost spending to meet future demand

OGA gives Alligin and Finlaggan the green light

How do the Majors stack up in the Lower 48?

New wave of growth on the horizon for Asia-Pacific's oil and gas sector

Rosebank deal 'cements Equinor's commitment to the UK'

Merger does the business for Wintershall and DEA

Chevron in talks to sell Rosebank stake

Total hits the jackpot at Glendronach

Private equity's future in US Gulf of Mexico deepwater

China's retaliatory tariff on US LNG

Permian producers hedge their bets against pipeline delays

Transocean’s $2.7bn Ocean Rig deal ‘a winner’

ExxonMobil and Guyana hit Jackpot with latest offshore discovery

Decommission or redevelop? Brazil's mature Campos basin oil fields await resurgence

Global upstream project delivery is finally hitting the mark

More oil discovered in Carnavon Petroleum's Dorado-1 well

BP buys BHP's L48 assets in 'transformative' $10.5bn deal

OPEC producers key to world supply through to 2040

Chevron set to divest central UK North Sea assets

BP seals asset swap with ConocoPhillips

Mexico's new president: Energy future at a crossroads

Rise in new players in Southeast Asia's upstream sector

New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

Exploration industry eyes a brighter future at EAGE

Permian produced water: slowly extinguishing a roaring basin?

Majors dig deep as Brazil's PSC Round 4 sets record

East Coast gas prices could rise 30 percent in five years

A new era for oil and gas in Mexico

Chinese shale gas production to almost double in two years

Upstream FIDs pushes on with lower costs