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News Release
Can Europe cope if Russia shuts off Ukraine gas transit?
- 19 十二月 2019
The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."
News Release
US storage industry to build on strong third quarter with response to power shutoffs
- 03 十二月 2019
Installers have already shared anecdotes about growing residential storage volumes in California, and Wood Mackenzie expects a large uptick early next year as marketing efforts for solar-plus-storage started earlier this year bear fruit.
Comment
European Investment Bank to cease funding fossil fuel projects
- 15 十一月 2019
The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.
News Release
Renewable electricity to deliver on Europe’s 2030 climate-energy goals
- 07 十一月 2019
If European member states deliver their individual National Energy and Climate Plans, renewables will account for around 53% of power supply in 2030. Europe is on track to hit this target, although the performance of individual countries will vary, according to analysis from Wood Mackenzie.
Comment
Total expands partnership with Adani on India's gas market
- 14 十月 2019
Total announced today its partnership with Adani Group which includes two LNG terminals, Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.
Comment
Red-letter day for Norway as Johan Sverdrup comes on stream
- 08 十月 2019
First oil from Johan Sverdrup – Norway’s sixth-largest discovery, with reserves of around 2.7 billion barrels – is a red-letter day for the partners and the Norwegian state. The decision to sanction the development was the country's largest final investment decision in more than 30 years.
Comment
ExxonMobil farewells Norway with US$4.5bn Vår Energi deal
- 27 九月 2019
ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.
Comment
BP sells Alaska business to Hilcorp in US$5.6bn deal
- 27 八月 2019
Speaking after BP announced the sale of its Alaska business to Hilcorp in a US$5.6 billion deal, Wood Mackenzie analyst Rowena Gunn said: “The Majors are making progress with their divestment campaigns. This will mean long-held assets and territories will be let go. BP made such a deal today with its sale of all US Alaska assets to privately-owned Hilcorp."
Comment
TechnipFMC demerger 'a bold step to reposition for the long-term'
- 27 八月 2019
In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.
News Release
No-Deal Brexit won’t sound death knell for UK refiners
- 23 八月 2019
Despite speculation that a No-Deal Brexit would have a severe impact on the UK refining industry, Wood Mackenzie’s analysis indicates that while the sector’s dynamics would shift and margins will narrow, it would not be crippled.
Comment
Lift off as Sputnik partners hit oil
- 20 八月 2019
Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.
Comment
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."
Comment
Spanish renewables targets undermined by political uncertainty
- 20 二月 2019
Today, Wednesday 20th February 2019, Spanish Prime Minister Pedro Sanchez presented the country’s climate action plan for 2030 to 2050. Commenting on the announcement, Wood Mackenzie Power & Renewables Senior Research Analyst, Brian Gaylord, said:
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
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

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