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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.

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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%.

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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.

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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."

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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.

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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.

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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.

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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

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.

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Search results: 131

Renewable electricity to deliver on Europe’s 2030 climate-energy goals

Total expands partnership with Adani on India's gas market

Red-letter day for Norway as Johan Sverdrup comes on stream

ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

BP sells Alaska business to Hilcorp in US$5.6bn deal

TechnipFMC demerger 'a bold step to reposition for the long-term'

No-Deal Brexit won’t sound death knell for UK refiners

Lift off as Sputnik partners hit oil

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

Spanish renewables targets undermined by political uncertainty

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

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