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Exploration under the microscope in 2022

13 December 2021

What lies ahead for oil and gas exploration? As investors and activists ask how the search for new fields squares with the need to accelerate the energy transition, our experts pick out five key themes to look for in 2022.

Opinion

Oil price crash: how Middle East, Russian and US upstream industry responses compare

01 April 2020

In this month's MENA in Brief podcast: how the oil price crash is affecting upstream activity in the Middle East – and how that differs from the dynamics in Russia and the US.

Platform

Lens platform: Lens Power & Renewables Europe, Middle East and Africa

24 February 2025

Interconnected power and renewables data to support long-term planning, strategy, and investment due diligence.

Opinion

Horizons Live: The cost of capital discipline

16 March 2026

Our expert panel unpacks the longevity gap facing oil majors and the strategies, from AI to innovative deals, that could secure future supply while preserving capital discipline

Opinion

Energy addition, not energy transition? What does it mean for the future of our energy system, and the climate?

07 November 2025

From ADIPEC to COP30 - Energy Gang unpacks the rise of “energy addition” and what it means for the future of oil, gas and the clean energy transition

Opinion

How energy diversification can drive development

29 October 2025

Can energy diversification unlock a new era of growth? PETRONAS and Accenture join Energy Gang to explore how emerging economies are building fairer, more resilient energy systems ahead of ADIPEC 2025

Opinion

COP28: Ed's notebook | Podcast

22 December 2023

COP28 was the largest climate talks to date, with industry leaders, governments, analysts, journalists and climate activists all converging on Dubai. On this bonus episode, we bring you three conversations from the summit.

Opinion

COP28: This year’s COP is breaking new ground | Podcast

06 December 2023

Ed Crooks is joined by Dr. Melissa Lott and Michael Webber as they dissect the latest energy trends at COP28. Phase out vs phase down is still the big topic, and the team give their take on the future of fossil fuels.

Opinion

COP28: The Energy Gang on the ground at COP28: the summit so far | Podcast

04 December 2023

In the inaugural instalment of our on-the-ground coverage at COP28, Ed Crooks is joined by Amy Harder and Bill Spindle from Cipher to discuss the significant developments unfolding in Dubai.

News Release

Key things to watch in the European gas market for 2022

13 January 2022

Risk of a cold winter, uncertainty around pipeline imports and low gas inventories have set the scene across Europe for another volatile year ahead, with the potential for gas prices to soar further and energy shortages to bite.

News Release

Global gas and LNG – 6 trends to watch in 2022

13 January 2022

Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

OPEC+ maintains production plan

27 April 2021

OPEC+ is, as expected, holding firm to its decision to increase supply, gradually and carefully, over the coming months.

Comment

All eyes on OPEC meeting as group mulls easing of production restraint

01 December 2020

OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.

Opinion

What lies beneath: why Middle East upstream resources are so advantaged

05 July 2021

With future oil and gas demand highly uncertain, advantaged resources with the lowest costs, lowest carbon emissions and best economics stand the greatest chance of being commercialised. The Middle East won the geological lottery, but how does it fare on other fronts?

Opinion

How green hydrogen can ensure Australia’s place in the sun

18 November 2021

Green hydrogen has seen a 50-fold increase in announced projects over the past 12 months alone. And while its export supply chains are complex, there are already several serious hydrogen export contenders emerging around the world.

Opinion

A new route to commercialisation for floating wind

30 June 2022

Floating wind’s virtually unlimited potential has from its inception made it a strong vision. Seven years ago, Wood Mackenzie wrote, the “next step is to prove that floating foundations are economically feasible” and go commercial. This is still the challenge for floating wind, and we can conclude that commercialisation is not a step; it is a leap.

Opinion

The Middle East steps on the gas

04 May 2023

What’s driving the impressive growth of the gas sector in the Middle East?

Opinion

Drilling down into the UAE’s exploration renaissance

17 May 2023

ADNOC has aggressive decarbonisation targets under a strategy that includes, somewhat counterintuitively, oil and gas growth and a renewed emphasis on licensing and exploration.

Comment

Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

06 June 2020

OPEC+ today (6 June 2020) agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market further and could see Brent prices rise from the current $40/bbl toward $45-to-$50/bbl.

Comment

Collapsing demand sets the terms in the OPEC+ battle for market share

09 April 2020

Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in oil demand, especially during April and forecast for Q2 2020. No matter the size of the varying forecasts, they all point to a challenging market that puts pressure on storage space and prices.

News Release

Oil price rout: which supply is most at risk of shut-in?

27 March 2020

The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

Comment

Industry slashes spending as price rout deepens: Can companies cope?

19 March 2020

Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?

News Release

Oil price rout may trigger major industry shake-up

10 March 2020

As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.

News Release

OPEC+ ‘no deal’ a blow to the market

06 March 2020

The OPEC+ meeting broke up without a deal, what does it mean for the markets?

Comment

Deeper OPEC+ supply cuts sends supportive signal to markets

06 December 2019

After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.

News Release

OPEC+ set to make its choice

05 December 2019

OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”

Comment

Qatar eyes LNG top spot as it primes 64% output boost

26 November 2019

On 25 November, Qatar Petroleum (QP) announced that it will boost output from Qatar LNG by 64% - from 77 million tonnes per annum (tpa) at present to 126 million tpa by 2027 – following a successful appraisal of the North Field’s onshore extension, near Ras Laffan Industrial City.

Comment

Aramco takes slice of Reliance’s refining and petchems businesses

11 August 2019

Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses.

News Release

Data consortiums signal the future of oil and gas

07 August 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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Search results: 180

Exploration under the microscope in 2022

Oil price crash: how Middle East, Russian and US upstream industry responses compare

Lens platform: Lens Power & Renewables Europe, Middle East and Africa

Horizons Live: The cost of capital discipline

Energy addition, not energy transition? What does it mean for the future of our energy system, and the climate?

How energy diversification can drive development

COP28: Ed's notebook | Podcast

COP28: This year’s COP is breaking new ground | Podcast

COP28: The Energy Gang on the ground at COP28: the summit so far | Podcast

Key things to watch in the European gas market for 2022

Global gas and LNG – 6 trends to watch in 2022

Global energy storage set to triple in 2021

OPEC+ maintains production plan

All eyes on OPEC meeting as group mulls easing of production restraint

What lies beneath: why Middle East upstream resources are so advantaged

How green hydrogen can ensure Australia’s place in the sun

A new route to commercialisation for floating wind

The Middle East steps on the gas

Drilling down into the UAE’s exploration renaissance

Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

Collapsing demand sets the terms in the OPEC+ battle for market share

Oil price rout: which supply is most at risk of shut-in?

Industry slashes spending as price rout deepens: Can companies cope?

Oil price rout may trigger major industry shake-up

OPEC+ ‘no deal’ a blow to the market

Deeper OPEC+ supply cuts sends supportive signal to markets

OPEC+ set to make its choice

Qatar eyes LNG top spot as it primes 64% output boost

Aramco takes slice of Reliance’s refining and petchems businesses

Data consortiums signal the future of oil and gas

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