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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

Comment

China's waste plastic ban could pave way for South East Asia's dominance

04 十二月 2017

The sub region of South East Asia could potentially become a world leader in importing plastic waste, according to PCI Wood Mackenzie's 'RPET China Study – China Waste Import Ban 2017'.

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

News Release

Producers double down on hedging in Q3 2017

29 十一月 2017

Hedging activity surged in Q3 2017 as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie's latest analysis of oil and gas hedging activity.

Comment

Can LNG save China from winter gas shortage?

22 十一月 2017

China's introduction of the '2+26' cities policy earlier this year calls for restricted use of coal for both residential heating and industrial purposes. This has significant ramifications for the Chinese winter season where demand is traditionally high. As an alternative to coal, gas demand could rise by 23 bcm this year compared to previous winters. Facing the most severe shortages is northern China, particularly Beijing, Tianjin and Hebei (abbreviated as BTH), where demand is highly seasonal. This region will make up half or 10 bcm of the incremental winter gas demand in 2017.

News Release

TransCanada receives approval for Keystone XL pipeline

21 十一月 2017

TransCanada receives regulatory approval from the Nebraska Public Service Commission to proceed with building its Keystone XL pipeline after almost a decade of environmental and regulatory hurdles.

Comment

India's GST - A boon for oil markets?

16 十一月 2017

The introduction of India's Goods and Services Tax (GST) has lifted oil demand in the country this year. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected by the impact of GST on vehicle prices and sales, especially in the logistics sector.

Comment

Will Trump's Beijing trip win some LNG deals for the US?

08 十一月 2017

The Trump administration has been championing US energy exports as its preferred instrument for narrowing its trade deficit in the wake of the US shale boom. A combination of rising export capacity in the US, LNG import demand growth in China, and political cheerleading has underpinned an uptick in LNG exports to China this year via third party, spot trades. Will Trump's trip to Beijing seal the deal for some major LNG deals?

News Release

What's behind Libya's production boost?

20 十月 2017

Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

News Release

When will the market face peak demand?

18 十月 2017

The market is no stranger to peak oil. But industry focus is shifting from concerns about peak oil supply to a more concrete threat– peak demand. The Rise and Fall of Black Gold, released today by Wood Mackenzie, is a comprehensive, cross-commodity, cross-value chain analysis of peak demand. The report identifies the drivers as well as the potential impact of this global transformation – across regions, sectors, and fuels.

Comment

Australian LNG Imports could make economic sense

10 十月 2017

Major eastern Australian gas buyer AGL has proposed to use a leased Floating Storage and Regasification Unit (FSRU), approximately 65km south of Melbourne, to import LNG and ease domestic gas shortage issues. This solution has faced mixed reviews given the already available domestic options, mainly the CSG-LNG projects in Queensland.

Comment

Wood Mackenzie commentary on India CERA Week

09 十月 2017

To mark the start of the India Energy Forum by CERA week, Wood Mackenzie analysts weigh in on the country's oil and gas outlook and production prospects.

Comment

ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well

06 十月 2017

Following ExxonMobil's (NYSE: XOM) announcement this morning of its fifth new oil discovery after drilling the Turbot-1 well offshore Guyana, Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream has the following comments.

Comment

Brazil and ExxonMobil win big at oilfield auction

05 十月 2017

Following Brazil's record oil field auction yesterday, where ExxonMobil (NYSE: XOM) vastly expanded its presence in the country with winning stakes in ten blocks, including eight deepwater blocks in the Campos basin, Horacio Cuenca, Research Director, Upstream Latin America at Wood Mackenzie offers the following commentary.

News Release

Non-OPEC decline rates to remain stable until 2020

27 九月 2017

Through operational excellence programmes and smart spending, operators have managed to maximise production and improve efficiencies, bucking expectations of an increase in decline rates. In fact, non-OPEC decline rates have remained stable since 2015. A new report by Wood Mackenzie, Non-OPEC Decline Rates: Lower for Longer, looks at the factors influencing this stability, how long it can be maintained and the impact future shifting decline rates may have on the oil market.

News Release

Majors start shaping strategies to capture a piece of the renewables action

26 九月 2017

Renewable energy sources are set to radically reshape global energy markets. For the Majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios.

Comment

Mexico's Energy Reform pays off with Zama

26 九月 2017

Following the announcement this morning that Talos energy and its partners Premier Oil and Sierra Oil & Gas have made a discovery at Zama-1, drilled in Block 7 offshore Mexico, please find below initial comment from Pablo Medina, Wood Mackenzie's senior analyst, Latin America Upstream.

Comment

Beach's production to increase 160% post Origin gas assets acquisition

26 九月 2017

Following the announcement of Beach Energy's US$1.25 million acquisition of Origin Energy’s subsidiary, Lattice Energy, our Australasia senior analyst Chris Meredith, weighs in on the deal.

News Release

Geology vs. technology: How sustainable is Permian tight oil growth?

20 九月 2017

Technology has played a huge role in the rapid rise of production in the Permian. Operators are bullish on the region's long-term potential and poised to exploit the Permian at an unparalleled pace over the next few years. However, according to a report by Wood Mackenzie, Geology vs. technology: how sustainable is Permian tight oil growth?, geological constraints that may arise as the play is aggressively developed could lead to production shortfalls, and in turn, higher prices early next decade.

Comment

US$500 billion worth of investments needed to meet burgeoning power demand

20 九月 2017

In celebration of ASEAN's 50th anniversary, our APAC gas and power senior analyst, Edi Saputra, reflects on ASEAN's energy developments and what to look out for in the coming years

Comment

Eni sanctions Coral FLNG

20 九月 2017

Italian major Eni announced today it has taken a final investment decision (FID) on the Coral floating liquefied natural gas development (FLNG), offshore Mozambique.

Comment

BHP Shale Asset Divesture

20 九月 2017

Commenting on BHP Billiton's plans to divest its U.S shale unit, Jon Weintraub, research analyst at Wood Mackenzie, said: "BHP's announced divesture of its onshore U.S. business is a pretty momentous step-change in its corporate strategy and marks the culmination of its push to be a major shale player. We expect to see all options being considered with a substantial amount of interest from multiple pools of buyers."

Comment

Cambodia's first oil development takes major step forward with signed agreement with KrisEnergy

07 九月 2017

Singapore –listed E&P company KrisEnergy today signed fiscal and technical agreements with the Royal Government of Cambodia for the Block A Apsara oil development.

Comment

North Korea's military operations could impact 58% of Chinese oil production

06 九月 2017

Any further tension or missile launches from North Korea could potentially impact its neighbours who are the world's largest energy importers.

Comment

Shenhua and Guodian merger will create world's largest power utility company

06 九月 2017

On Thursday 3 August China Shenhua and China Guodian Corporation submitted a merger proposal to the State Council. If approved the new company, National Energy Investment Corporation (NEIC), will become the world's largest power utility company (power capacity wise) ahead of EDF and Enel.

Comment

Chinese aluminium: next set of reforms for the industry?

06 九月 2017

Many market observers were sceptical about China's ability to deal with aluminium overcapacity. But cuts at Weiqiao, the world's largest smelter, shows China's determination to deliver supply-side reforms. The market is now divided into two camps – one that believes China will cut output significantly. The other one reasons that smelters will ramp up quickly and nothing much will really change.

News Release

Shale sector to be cash flow positive by 2020

26 七月 2017

When will tight oil make money calculates that the five largest tight oil players could become cash flow positive by 2020?v

News Release

UK car ban will have "massive impact on markets"

26 七月 2017

We took a closer look at the impact of the UK government’s proposal to ban the sale of new petrol and diesel cars by 2040.

News Release

Batteries & renewables to start displacing gas

26 七月 2017

A joint research report conducted by Wood Mackenzie and GTM Research assessing generation economics concludes that declining renewables and energy storage costs will increasingly squeeze out gas-fired generation in South Australia as early as 2025.

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Search results: 914

Can upstream cost savings stick?

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

China's waste plastic ban could pave way for South East Asia's dominance

OPEC stays the course with production deal

Producers double down on hedging in Q3 2017

Can LNG save China from winter gas shortage?

TransCanada receives approval for Keystone XL pipeline

India's GST - A boon for oil markets?

Will Trump's Beijing trip win some LNG deals for the US?

What's behind Libya's production boost?

When will the market face peak demand?

Australian LNG Imports could make economic sense

Wood Mackenzie commentary on India CERA Week

ExxonMobil (NYSE: XOM) Strikes Oil in Guyana with the Turbot-1 well

Brazil and ExxonMobil win big at oilfield auction

Non-OPEC decline rates to remain stable until 2020

Majors start shaping strategies to capture a piece of the renewables action

Mexico's Energy Reform pays off with Zama

Beach's production to increase 160% post Origin gas assets acquisition

Geology vs. technology: How sustainable is Permian tight oil growth?

US$500 billion worth of investments needed to meet burgeoning power demand

Eni sanctions Coral FLNG

BHP Shale Asset Divesture

Cambodia's first oil development takes major step forward with signed agreement with KrisEnergy

North Korea's military operations could impact 58% of Chinese oil production

Shenhua and Guodian merger will create world's largest power utility company

Chinese aluminium: next set of reforms for the industry?

Shale sector to be cash flow positive by 2020

UK car ban will have "massive impact on markets"

Batteries & renewables to start displacing gas