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Repsol-led consortium makes significant gas discovery in Indonesia

18 February 2019

Following the announcement by Indonesia's upstream regulator SKK Migas on a gas discovery in the country, Wood Mackenzie's research director Andrew Harwood provides a commentary.

News Release

Exploration’s back in the black

04 February 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

Chevron loses second major production asset in South East Asia

13 December 2018

Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.

Comment

Qatar quits OPEC

03 December 2018

On 3 December 2018, Qatar announced it will withdraw from OPEC on 1 January 2019, putting an end to its 57-year membership of the producers’ cartel. Qatar, which said it intends to focus on its gas production, made the announcement ahead of the 6 December OPEC meeting.

News Release

Is deepwater ready for cost inflation?

27 November 2018

In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work is in danger of being undone, as impending cyclical cost inflation could raise break-even costs once again.

Comment

What next for the oil market as the US reimposes sanctions on Iran?

06 November 2018

What next for the oil market as the US reimposes sanctions on Iran?

News Release

Upstream players need to boost spending to meet future demand

24 October 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.

News Release

Is the end of the global energy transition closer than we think?

17 October 2018

Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.

Comment

China's retaliatory tariff on US LNG

19 September 2018

In the 12 months up until June 2018, China was the second largest buyer of US LNG, accounting for approximately 3 mmtpa of US LNG, with Shell being the largest seller. However as the US-China trade dispute escalated, Chinese buyers have gradually reduced purchases of US LNG.

News Release

Permian producers hedge their bets against pipeline delays

11 September 2018

Permian producers increased their 2020 oil-basis hedge positions by 431% during Q2. Such a sharp rise suggests producers perceive a higher risk that key pipeline projects fail to start up by 2019 target dates, according Wood Mackenzie's latest analysis of oil and gas activity.

Comment

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

03 September 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.

News Release

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

21 August 2018

Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.

Comment

Market implications of Chinese tariffs on US LNG

03 August 2018

Today China announced retaliatory tariffs on $60 billion worth of American imports, in response to the Trump administration's latest trade threats. The list included a 25% tariff on LNG.

Comment

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

27 July 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 July 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.

News Release

New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

20 June 2018

Brazil's new local content regulations could fast-track the deployment of FPSO units, speeding up the pace of pre-salt oil production by more than 21 billion barrels by the mid-2020s, a new report by Wood Mackenzie analysing the impact of new local content rules on production, royalty collection and job creation has found.

News Release

China's LNG trucking capacity to double in medium term

18 June 2018

Wood Mackenzie estimates LNG trucking capacity in China to double to 38 million tonnes (mt) by 2025. China is the world's largest LNG trucking market. In 2017, 19 mt of LNG was transported via tanker truck from domestic liquefaction plants and LNG import terminals to downstream markets. This volume accounts for 12% of total gas consumption.

News Release

LNG markets move from oversupply as rebalancing gets under way

07 June 2018

Wood Mackenzie's short-term global gas and LNG outlook (Q2 2018) sees the market rebalancing as it moves from oversupply, although the global natural resources consultancy believes prices will remain relatively sustained into 2019.

News Release

Can upstream cost savings stick?

15 December 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 December 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 December 2017

OPEC and non-OPEC producers agree to extend production curbs through 2018

News Release

When will the market face peak demand?

18 October 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.

News Release

North America could play bigger role in future global bunker market

20 March 2017

Alan Gelder, Vice President of Refining, Chemicals & Oil Markets, believes that North America has the opportunity to take a much bigger role in the future global bunker market.

News Release

Eni makes discovery of the year, named most-admired upstream explorer

17 June 2022

Italian major Eni has, for the fourth time in seven years, been named the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s industry-leading annual Exploration Survey.

News Release

Global wind turbine order intake breaks record in Q2

12 September 2022

Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.

News Release

Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment

15 September 2022

Decarbonising the steel and iron ore industry by 2050, in line with the Paris Climate Agreement, will require US$1.4 trillion of investment and revolution across every stage of the value chain. This presents an urgent challenge and enormous opportunity according to Wood Mackenzie’s latest Horizons research report, Pedal to the metal: Iron and steel’s $1.4 trillion shot at decarbonisation.

News Release

14% increase in European coal demand to be short-term trend

21 September 2022

European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis.

News Release

Climate policies trigger 1.9% upgrade QoQ in global wind power

03 October 2022

Global wind power is expected to see an 1.9% increase of installed capacity Quarter on Quarter (QoQ), an equivalent of 25.6 gigawatts (GW), between 2022 and 2031 according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Wood Mackenzie launches Lens Gas & LNG

15 November 2022

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.

News Release

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

06 December 2022

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

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Search results: 2485

Repsol-led consortium makes significant gas discovery in Indonesia

Exploration’s back in the black

Chevron loses second major production asset in South East Asia

Qatar quits OPEC

Is deepwater ready for cost inflation?

What next for the oil market as the US reimposes sanctions on Iran?

Upstream players need to boost spending to meet future demand

Is the end of the global energy transition closer than we think?

China's retaliatory tariff on US LNG

Permian producers hedge their bets against pipeline delays

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

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

Market implications of Chinese tariffs on US LNG

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

OPEC producers key to world supply through to 2040

New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

China's LNG trucking capacity to double in medium term

LNG markets move from oversupply as rebalancing gets under way

Can upstream cost savings stick?

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

OPEC stays the course with production deal

When will the market face peak demand?

North America could play bigger role in future global bunker market

Eni makes discovery of the year, named most-admired upstream explorer

Global wind turbine order intake breaks record in Q2

Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment

14% increase in European coal demand to be short-term trend

Climate policies trigger 1.9% upgrade QoQ in global wind power

Wood Mackenzie launches Lens Gas & LNG

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

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