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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.

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

Australian gas shortages loom as LNG exporters and domestic consumers compete for supply

11 九月 2018

The pace and scale of transformation in the east Australian gas market over the past five years has put gas – both its availability and its pricing – firmly on the country’s political agenda. Global natural resources consultancy Wood Mackenzie today releases its Australia East Coast Gas Market Outlook 2018-2032. The report offers a comprehensive overview of the dynamics shaping the gas market, including the drivers of domestic gas demand, how gas flows will change and price dynamics.

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.

News Release

OPEC+ deal balances consumer pressure with need for stable prices

23 六月 2018

The OPEC+ meeting, held in Vienna on 23 June 2018, confirmed Saudi Arabia and Russia’s high-level commitment to co-operate to manage the oil market.

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

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.

News Release

US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

18 一月 2017

According to research by Wood Mackenzie, the APAC upstream sector holds considerable value as the majors divest mature and mid-life assets in the region.

News Release

Better times head for the UKCS, but investment still a concern

17 一月 2017

Wood Mackenzie expects a modest recovery due to the improving oil price.

News Release

Seasonality takes centre stage in Egyptian gas market

12 一月 2017

Egypt's fortunes look set to change after five years of falling production and switching from a net exporter to a net importer.

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Search results: 144

Medco Energi's potential takeover of UK-listed Ophir Energy

Full steam ahead for Tortue FLNG

Major LNG buyers' uncontracted demand to quadruple by 2030

OPEC and Russia agree output deal

What next for the oil market as the US reimposes sanctions on Iran?

Upstream players need to boost spending to meet future demand

Is the end of the global energy transition closer than we think?

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

China's retaliatory tariff on US LNG

Australian gas shortages loom as LNG exporters and domestic consumers compete for supply

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

OPEC producers key to world supply through to 2040

Rise in new players in Southeast Asia's upstream sector

OPEC+ deal balances consumer pressure with need for stable prices

Potential gas shortfall in Australia's East Coast starting between 2023 and 2025

China retaliates with tariffs on $34 billion worth of US goods

East Coast gas prices could rise 30 percent in five years

Conventional pre-FID breakevens give the Lower 48 a run for its money

OPEC stays the course with production deal

Can LNG save China from winter gas shortage?

India's GST - A boon for oil markets?

US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

Better times head for the UKCS, but investment still a concern

Seasonality takes centre stage in Egyptian gas market