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Will higher oil prices spell trouble for upstream discipline?

19 四月 2021

In its rebound from the 2020 downturn, Brent flirted with US$70 per barrel. Higher prices in 2021 mean higher cash flow for producers, perhaps even record-setting highs. Have the good times returned? Global natural resources consultancy Wood Mackenzie believes operators need to be cautious.

News Release

Action to achieve Paris climate goals will upend oil and gas prices

15 四月 2021

If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

News Release

Carbon pricing plans ‘could transform upstream oil and gas economics’

31 三月 2021

At present, few countries require producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But as governments seek to meet decarbonisation targets, that could soon change. Carbon charges are likely to come, and they will transform the upstream sector, affecting both asset values and the industry’s economics.

News Release

Asia’s ambitious biofuels plans thwarted by supply constraints and food security concerns

31 三月 2021

Asia’s ambitious biofuels blending targets will be a challenge to meet due to supply constraints and food security concerns, says Wood Mackenzie.

News Release

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

30 三月 2021

Granular subsurface data is key to understanding advantaged resources

Comment

Santos announces Barossa project FID

30 三月 2021

Santos has sanctioned the Barossa project, which extends the life of Darwin LNG (DLNG) beyond 2040.

News Release

China’s green ambitions can complement energy security and economic goals

18 三月 2021

Wood Mackenzie’s latest report reveals that China’s march towards carbon neutrality by 2060 can complement both energy security and economic goals.

Comment

UK North Sea M&A gains pace with NEO, Waldorf deals

10 三月 2021

The latest acquisitions by NEO Energy and Waldorf Production continue what has been blockbuster start to the year for UK M&A with buyers and sellers buoyed by the recent recovery in prices. Just over two months into 2021 and UK disclosed deal spend has reached US$2.7 billion, almost equalling last year’s total, making it one of the hottest markets globally.

Comment

OPEC+ surprises market as it extends output curbs

04 三月 2021

OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.

Comment

Qatar Petroleum takes FID on North Field East

09 二月 2021

Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.

Comment

Myanmar coup and impact on oil and gas industry

04 二月 2021

Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.

News Release

OPEC+, Covid-19 and energy transition – 3 themes impacting oil markets and refining in 2021

28 一月 2021

Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.

News Release

Climate commitments to top energy and mining agendas in 2021

27 一月 2021

What are the biggest emissions trends to watch this year? James Whiteside, Wood Mackenzie Global Head of Multi-Commodity Research, and Amy Bowe, Wood Mackenzie Head of Carbon Research, see five key themes

Comment

Biden administration and what it means for China and rest of Asia Pacific

20 一月 2021

As Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.

News Release

Resilience and sustainability to be core oil and gas themes of 2021

19 一月 2021

Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.

Comment

China’s trucked LNG spot prices hit three-year high

12 一月 2021

Spot prices of trucked LNG in China were highly volatile last month.

News Release

Decarbonisation key to future of Asia Pacific’s upstream industry

15 十二月 2020

Wood Mackenzie’s Asia Pacific upstream 2021 outlook report shows that the development of regional decarbonisation roadmaps is crucial to the future of the upstream industry.

News Release

Over US$11 billion of Australian gas projects to be sanctioned in 2021

10 十二月 2020

Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021.

News Release

Over three quarters of new LNG supply could be impacted in 2-degree world

09 十二月 2020

Wood Mackenzie’s latest report shows that over three quarters or 77% of new LNG supply are at risk under a 2-degree scenario.

Comment

OPEC+ agrees to increase output after tense negotiations

07 十二月 2020

Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d.

Comment

All eyes on OPEC meeting as group mulls easing of production restraint

01 十二月 2020

OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

News Release

Asia Pacific upstream transactions plunge to lowest this century

19 十一月 2020

Wood Mackenzie’s latest analysis shows 2020 is on track to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century.

Comment

Gulf of Mexico lease sale 256 – business as usual despite upcoming change in administration

19 十一月 2020

On Wednesday, 18 November, the United States held its region-wide Gulf of Mexico (GoM) Lease Sale 256 and received 105 bids from 23 participating companies, with high bids totalling US$121 million.

News Release

Consolidation to become major theme in E&P’s transition

17 十一月 2020

Consolidation among the Independents will accelerate in the face of energy transition, says Wood Mackenzie.

Comment

Trans Adriatic Pipeline (TAP) completes Europe’s Southern Gas Corridor

16 十一月 2020

The commissioning of the Trans Adriatic Pipeline's (TAP) initial 10 bcm per year capacity follows four and a half years of construction, EUR4.5 billion of capex and a variety of obstacles – especially in Italy, where the pipeline ends.

News Release

2-degree pathway could cut upstream gas investments by 65%

12 十一月 2020

A world on a 2-degree pathway could significantly reduce upstream gas investments by 65% through to 2040, says Wood Mackenzie.

News Release

Portfolio resilience and sustainability at the core of corporate concerns

20 十月 2020

Wood Mackenzie’s 2020 Energy and Commodities Summit Asia Pacific edition kickstarted yesterday. Experts shared their views on how the energy sector is changing in light of the oil price crash, Covid-19 and the latest carbon-neutrality trends.

News Release

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

19 十月 2020

Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in scale, ConocoPhillips is adding enough Permian production to nip at the heels of ExxonMobil’s massive programme."

News Release

China’s carbon neutrality bill could hit over US$5 trillion

08 十月 2020

Wood Mackenzie’s latest analysis shows over US$5 trillion of investments would be needed for China to reach its pathway for carbon-neutrality by 2060.

Comment

Chrysaor seals North Sea top spot with reverse takeover of Premier Oil

06 十月 2020

Privately-held UK Independent Chrysaor is buying London-listed Premier Oil by way of reverse takeover. Premier’s US$2.7 billion of debt and hedging liabilities will be repaid and cancelled via a US$1.232 billion cash payment, plus Chrysaor shares.

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Search results: 332

Will higher oil prices spell trouble for upstream discipline?

Action to achieve Paris climate goals will upend oil and gas prices

Carbon pricing plans ‘could transform upstream oil and gas economics’

Asia’s ambitious biofuels plans thwarted by supply constraints and food security concerns

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

Santos announces Barossa project FID

China’s green ambitions can complement energy security and economic goals

UK North Sea M&A gains pace with NEO, Waldorf deals

OPEC+ surprises market as it extends output curbs

Qatar Petroleum takes FID on North Field East

Myanmar coup and impact on oil and gas industry

OPEC+, Covid-19 and energy transition – 3 themes impacting oil markets and refining in 2021

Climate commitments to top energy and mining agendas in 2021

Biden administration and what it means for China and rest of Asia Pacific

Resilience and sustainability to be core oil and gas themes of 2021

China’s trucked LNG spot prices hit three-year high

Decarbonisation key to future of Asia Pacific’s upstream industry

Over US$11 billion of Australian gas projects to be sanctioned in 2021

Over three quarters of new LNG supply could be impacted in 2-degree world

OPEC+ agrees to increase output after tense negotiations

All eyes on OPEC meeting as group mulls easing of production restraint

Asia Pacific upstream transactions plunge to lowest this century

Gulf of Mexico lease sale 256 – business as usual despite upcoming change in administration

Consolidation to become major theme in E&P’s transition

Trans Adriatic Pipeline (TAP) completes Europe’s Southern Gas Corridor

2-degree pathway could cut upstream gas investments by 65%

Portfolio resilience and sustainability at the core of corporate concerns

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

China’s carbon neutrality bill could hit over US$5 trillion

Chrysaor seals North Sea top spot with reverse takeover of Premier Oil