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The UK has announced plans to become a net energy exporter by 2040. This includes lifting the 2019 ban on hydraulic fracturing in unconventional shale plays in England.
Europe is replacing its lost imports from Russia with LNG. The shift is putting its gas infrastructure under strain.
In the build up to COP27, countries around the world made pledges to reach net zero around the middle of the century. How are they all faring on those pledges and is the world is on track for a 1.5c pathway?
From energy security to Upstream 2.0, our Global Upstream Update explores some of the biggest issues facing the industry.
Europe needs gas, and Africa has plenty of it – but planned exports are fraught with risk
The oil and gas industry has proved its resilience in recent years – but wherever you look there are more costs and more risk. Can it rise to the sustainability challenge?
Market activity is picking up for Petrobras – developments are moving forward quickly, while exploration remains slow.
According to a Reuters report, North Sea producer Harbour Energy is in talks with GoM-focused Talos Energy over a potential merger. Conslidation continues to drive upstream M&A as companies look to increase resilience and diversify portfolios.
How can deepwater rig companies turn current weaknesses and threats into strengths and opportunities?
Attractive economics and the need for advantaged barrels bode well for future exploration
European gas prices will remain volatile through the winter, but low gas demand could see 20% European gas price fall in summer 2024 compared to the current forward market.
Can Colombia address social inequalities and drive growth while embracing the energy transition?
A restart to Iraqi oil exports via Turkey is more than just a pipedream, but obstacles remain.
Exploration, project sanctions, CCUS legislation and more.
Merger creates US$24 billion company that will be the biggest player in US shale gas
Some upstream oil and gas sectors gave us supply surprises in 2023, with some regions producing above expectations, others disappointing. What didn’t disappoint was the level of excitement around M&A, which features throughout the regions in our latest global upstream update.
We analyse whether ExxonMobil's CCUS projects in the US can compete for capital in its portfolio
As CO2 to dedicated sequestration (CCS-Storage) rises in popularity, captured CO2 for enhanced oil recovery (CCS-EOR) falls out of favour. What does the future look like in the world of carbon capture technologies?
From gas opportunities to supply-chain relationships and deepwater exploration, our global update covers key industry developments.
The refining industry ranks as the third largest contributor to global greenhouse gas (GHG) emissions from stationary sources, placing it at the centre of the energy transition and net zero efforts.
Canada's production growth carries on. But there are important nuances underneath total volume numbers.
Our subsurface experts recently published the latest edition of WoodMac’s Geothermal Market Update, which provides comprehensive insight into project and policy developments in the sector.
Our Carbon Offset Market Outlook presents Wood Mackenzie’s base case scenario for the evolution of the offset market through 2050.
Despite the country’s vast gas resources, demand continues to exceed production.
Day rates have held firm despite significant softening in oil prices since 2022, but can high prices pre-vail much longer?
Can gas be the key to a lower-carbon future? Our expert panel explores its role in the energy transition and what’s needed to unlock its full potential.
Transitioning to a net zero global economy is a monumental investment challenge. Meeting the challenge, already an outside bet, will have to happen against a less favourable monetary backdrop than the world has been used to since 2009. This month's Horizons live panel discuss the cost of investing in the energy transition in a high-interest-rate era.
The UK has a renewed focus on accelerating its energy transition and bold plans to create a clean energy superpower. But net zero by 2050 is not yet on course.
The Middle East is faced with a significant challenge – building a new energy economy means accelerating nascent diversification efforts and pushing towards ambitious net zero goals.
Gas will play a vital role in Asia’s fight against air pollution, and in meeting its future energy demand. But with its environmental impact under new scrutiny, is it time for LNG to get greener?
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