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ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

13 八月 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

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.

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

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.

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

Chrysaor snaps up ConocoPhillips' North Sea assets in US$2.7bn deal

18 四月 2019

Chrysaor on 18 April 2019 agreed to buy ConocoPhillips’ North Sea assets in a US$2.7 billion deal. The purchase will make Chrysaor the top producer in the UK in 2019 and keep it among the UK's largest producers for the next few years.

Comment

BP to exit China shale gas

12 四月 2019

In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

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."

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

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

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

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.

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

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

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

US LNG deal 'could be significant for relationship with Europe'

27 七月 2018

What does the EU's agreement to buy US LNG - announced after a meeting between European Commission president Jean-Claude Juncker and US President Donald Trump - mean for producers and consumers?

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

News Release

What will a fresh output cap at Groningen mean for the gas market?

01 二月 2018

A new cap on production from the Netherlands' giant Groningen gas field may have an impact on the security of Europe's gas supply, hurt Dutch treasury receipts and prompt a reassessment of the field's remaining value.

News Release

BP's double proves there's life in the old dog yet

31 一月 2018

BP announced it made two discoveries on the UK Continental Shelf in 2017 - Capercaillie, in the North Sea, and Achmelvich, in the West of Shetland. Wood Mackenzie believes the finds prove there's still life in the ultra-mature province.

News Release

Can upstream cost savings stick?

15 十二月 2017

The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

News Release

Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

14 十二月 2017

2018 looks set to be a brighter year for upstream oil and gas companies

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

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Search results: 89

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

Data consortiums signal the future of oil and gas

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

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

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

Chrysaor snaps up ConocoPhillips' North Sea assets in US$2.7bn deal

BP to exit China shale gas

ExxonMobil and QP land a giant with Glaucus

Exploration’s back in the black

New opportunity in UK North Sea with Greater Buchan Area round

Glengorm ‘largest UK gas find since 2008’

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

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

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

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

US LNG deal 'could be significant for relationship with Europe'

OPEC producers key to world supply through to 2040

Chevron set to divest central UK North Sea assets

BP seals asset swap with ConocoPhillips

What will a fresh output cap at Groningen mean for the gas market?

BP's double proves there's life in the old dog yet

Can upstream cost savings stick?

Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

OPEC stays the course with production deal