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Aramco's $10bn bond underscores its vast global ambitions

01 四月 2019

Saudi Aramco’s decision to issue a $10 billion bond underscores how serious the company is about transforming itself into an international powerhouse across the oil and gas value chain, from upstream to petrochemicals.

Comment

Buyers' market as Gulf of Mexico lease sale wraps up

20 三月 2019

The US Gulf of Mexico region wide Lease Sale 252 was held today, 20 March 2019. The sale attracted 257 bids from 30 companies, with high bids totalling US$244.3 million. An increase of about $66 million (37%) from the last region-wide lease sale in August 2018.

Comment

ExxonMobil and QP land a giant with Glaucus

28 二月 2019

ExxonMobil and partner Qatar Petroleum today announced they made a major gas find with the Glaucus-1 well, drilled offshore Cyprus. “Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. He added: “It will be one of the biggest discoveries of the year."

Comment

Repsol-led consortium makes significant gas discovery in Indonesia

18 二月 2019

Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in the country, Wood Mackenzie's research director Andrew Harwood provides a commentary.

News Release

US independents balance the books

14 二月 2019

The Lower 48 E&P sector is under pressure from investors demanding greater capital discipline, positive free cash flow and increasing returns. There’s a tug-of-war between value and volume, and value has emerged as the winner. The Lower 48’s independents, who traditionally pursued growth at all costs, must now rein in their impulses and focus on delivering returns to their shareholders. How does this affect their 2019 spending plans, and how do they manage volatile oil prices?

News Release

Brulpadda delivers the goods for Total

07 二月 2019

French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

News Release

Smoother sailing ahead for upstream supply chain players

06 二月 2019

The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie. As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.

News Release

Exploration’s back in the black

04 二月 2019

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

Comment

Sanctions to squeeze Venezuela’s output

01 二月 2019

The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have on state-run oil producer PDVSA and the country’s energy sector?

Comment

New opportunity in UK North Sea with Greater Buchan Area round

31 一月 2019

The Oil & Gas Authority's (OGA) decision to launch the 31st supplementary offshore licensing round, focusing on the Greater Buchan Area offers a material opportunity for players active in the UK North Sea

Comment

US sanctions increase pressure on Venezuela

30 一月 2019

The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

Comment

Glengorm ‘largest UK gas find since 2008’

29 一月 2019

CNOOC Ltd and Total's Glengorm gas discovery, in teh Central North Sea, is the largest gas find in UK waters since Culzean in 2008

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.

News Release

Upstream companies positioned to thrive in 2019

17 十二月 2018

Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

Comment

Chevron loses second major production asset in South East Asia

13 十二月 2018

Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.

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

ExxonMobil's Pluma marks a perfect 10

04 十二月 2018

ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Luiz Hayum, research analyst with Wood Mackenzie's Latin America upstream oil and gas team, comments on Exxon's latest find, Pluma.

News Release

Is deepwater ready for cost inflation?

27 十一月 2018

In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work is in danger of being undone, as impending cyclical cost inflation could raise break-even costs once again.

News Release

How digitalisation transformed the US Lower 48

12 十一月 2018

Upstream oil and gas companies are accelerating the implementation of big data applications and digital technologies to help transform their businesses. But how close is industry to achieving this? Where does the US Lower 48 stand in this transformation? A new study drills down into digitalisation in the upstream sector and identifies the technologies and applications being employed today and evaluates their potential impact.

News Release

Big Data adds up to big savings for upstream players

12 十一月 2018

The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.

Comment

Explorers hit the jackpot in sub-Saharan Africa

06 十一月 2018

In the past 10 years, explorers in sub-Saharan Africa have turned up more giant discoveries than any other region. But converting volume into value is undoubtedly sub-Saharan Africa’s Achilles heel.

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?

Comment

Hammond raises hopes of decommissioning hub role for Scotland

30 十月 2018

In the Autumn Statement, the UK's Chancellor of the Exchequer Philip Hammond did not make any headline changes to oil and gas tax rates, setting out instead plans to make a "call for evidence" on how to establish Scotland as a global hub for decommissioning.

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.

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

Comment

Petronas takes 10% stake in Oman’s Khazzan development

23 十月 2018

Malaysian NOC Petronas buys a 10% interest in Oman's Khazzan development

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.

Comment

Ensco beefs up fleet with Rowan deal

08 十月 2018

Offshore driller Ensco is poised to buy smaller rival Rowan in an all-stock deal valued at $2.38 billion.

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Search results: 250

Aramco's $10bn bond underscores its vast global ambitions

Buyers' market as Gulf of Mexico lease sale wraps up

ExxonMobil and QP land a giant with Glaucus

Repsol-led consortium makes significant gas discovery in Indonesia

US independents balance the books

Brulpadda delivers the goods for Total

Smoother sailing ahead for upstream supply chain players

Exploration’s back in the black

Sanctions to squeeze Venezuela’s output

New opportunity in UK North Sea with Greater Buchan Area round

US sanctions increase pressure on Venezuela

Glengorm ‘largest UK gas find since 2008’

Outlook sluggish for upstream M&A

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

Upstream companies positioned to thrive in 2019

Chevron loses second major production asset in South East Asia

Major LNG buyers' uncontracted demand to quadruple by 2030

ExxonMobil's Pluma marks a perfect 10

Is deepwater ready for cost inflation?

How digitalisation transformed the US Lower 48

Big Data adds up to big savings for upstream players

Explorers hit the jackpot in sub-Saharan Africa

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

Hammond raises hopes of decommissioning hub role for Scotland

Upstream players need to boost spending to meet future demand

OGA gives Alligin and Finlaggan the green light

Petronas takes 10% stake in Oman’s Khazzan development

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

Ensco beefs up fleet with Rowan deal