OPEC+ strikes a deal to avoid oil glut

• 04 12月 2020

The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

• 25 10月 2022

A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.

Avoiding pand-ammonia: how to kick-start a global low-carbon ammonia industry

• 17 11月 2022

Ammonia shapes modern life in every way imaginable. As the basis for all nitrogen fertilisers, industrial ammonia has truly changed the world.

Wood Mackenzie launches Lens Gas & LNG

• 15 11月 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.

LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

• 17 11月 2022

Driven by a surge in LNG exports, the North America natural gas market will support 29 billion cubic feet per day (bcfd) of production from 2022-2033, tripling its current market size, according to a new report from Wood Mackenzie.

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

• 06 12月 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.”

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

• 06 12月 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

Wood Mackenzie appoints new Chief Financial Officer

• 27 3月 2023

Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

Oil and mining companies must adapt new strategies to deliver low-carbon transition

• 20 4月 2023

As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

Fuelling change: how oil and mining companies can finance the energy transition

• 20 4月 2023

How oil and mining companies can finance the energy transition

Route to Net Zero

• 16 8月 2023

It’s a watershed moment for the North Sea. Join our upcoming webinar as we cover upstream, ccus and hydrogen in the North Sea

The nuclear option: making new nuclear power viable in the energy transition

• 18 5月 2023

The future will run on electricity, yet the world is struggling to decarbonise its power supply and meet demand. The 2022 energy crisis has put energy security and reliability front of mind for governments and underscored the need to press ahead with the development of alternative energy sources.

Implications of OPEC+ meeting for H2 2023

• 07 6月 2023

The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

• 20 7月 2023

Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

FLNG sector thriving amid projects boom

• 31 8月 2023

The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

China Gas & Power Service

Understand China's gas and power market, support investment decisions and create effective strategies.

The new dash for gas - majors position to leverage a core competence

• 25 4月 2017

We forecast the share of gas in the peer group’s production will increase from 42% currently to over 50% by the end of the 2020s. ENI and BP will reach 60%, which is also Total’s 2035 target. There are three main themes behind the ‘dash for gas’.

Are deepwater economics on par with US tight oil?

• 13 4月 2017

With all the attention surrounding US tight oil breakevens and the Permian boom, the past few years seem to have left deepwater investment in the dust. But as it has gotten leaner, the deepwater industry is quietly recovering and improving its own economics.

US withdrawal from Paris Agreement

• 02 6月 2017

President Donald Trump announced yesterday his intention to withdraw the US from the Paris Agreement on climate change, which aims to limit global temperature change to 2°C above pre-industrial levels.

Paris Agreement ratified: is the bar set too high?

• 25 4月 2017

To limit greenhouse gas emissions, many countries have already increased focus on energy efficiency, renewable energy and switching away from coal. But will it be enough?

Back to the future

• 03 10月 2017

Back to the future: as oil prices move will fiscal terms follow?

Petroleum fiscal systems insight

• 02 10月 2017

Our experts assess the changing fiscal landscape in over 40 nations in 2016

The rise and fall of black gold

• 09 8月 2017

The market used to worry about peak oil supply. Now the focus has shifted. With the world now considering a structural decline in oil demand, which sectors will feel the greatest impact?

Big oil, new energy and the stock market

• 19 6月 2020

Big Oil is on the move, feeling its way into a changing energy world. There are two sides to adapting: how to decarbonise oil and gas and how to build a sustainable business around zero-carbon technology. European and US Majors are following two very different paths.

Nord Stream 2 and the battle for gas market share in Europe

• 24 7月 2020

The US administration and Congress are trying to prevent the completion of the new gas pipeline from Russia to Germany

Biden’s clean energy plan aims at job creation

• 17 7月 2020

As the US faces economic crisis, the Democratic presidential challenger sees opportunities for stimulus in the energy transition

Western rebound: gas production recoveries in the Permian and Rockies

• 19 8月 2020

As shut-in gas resumes flowing, different basins show different recovery trends and face continued market risks.

Natural Gas

• 16 11月 2020

Stay ahead of natural gas markets with our industry leading analysis based on the highest quality public and proprietary data sources.

Trump and Biden seek the middle ground on energy

• 11 9月 2020

The two contenders for the US presidency have fundamentally different views on energy, but have been seeking to win over swing voters

The long haul for electric heavy trucks

• 25 9月 2020

For passenger and light freight vehicles, electric options are available and becoming more competitive. But long-distance road transport faces an uphill struggle