• Comment

  Japan to invest additional $10 billion in global LNG infrastructure projects

  • 26 9月 2019

  Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

• Comment

  ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

  • 27 9月 2019

  ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.

• Comment

  Brazil licensing round sets record as Majors eye November's prizes

  • 10 10月 2019

  Brazil's Licensing Round 16 set a record – the BRL 8.9 billion (US$2.2 billion) in signature bonuses is the highest yet for a Brazilian round. Of the 36 blocks on offer, 12 were awarded, all in the prolific offshore Campos and Santos basins. Malaysia’s Petronas, Qatar’s QPI, Spanish producer Repsol and the US’ Chevron all bid high. QPI and Petronas were the biggest spenders of the day, as well as Petrobras. Only Campos and Santos basin blocks were awarded, with frontier acreage failing to attract interest.

• Webinar

  Webinar | The Deepwater Gulf of Mexico Revival

  • 14 11月 2019

  While tight oil has grabbed headlines, the deepwater United States (US) Gulf of Mexico (GoM) has become leaner and more efficient. Join us as we analyze the changing dynamics in the region including: 1) What does the future of private equity investment look like in the US GoM? 2) Will 20K technology kick off the next phase of growth in the US GoM? 3) How has the US GoM reinvented itself to remain competitive?

• Comment

  Majors cautious as Petrobras takes prize in Brazil’s TOR round

  • 06 11月 2019

  Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks.

• Webinar

  Webinar | After the crash: what's changed in Latin America upstream?

  • 23 6月 2020

  Latin America quickly responded to the oil market downturn. NOCs and Majors cut production and pushed back imminent FIDs. However, as Latin America has many large developments that break even below US$40/bbl, several projects are still under operators’ priority list. • Investments: The region is among the largest capex cut globally. How much has development spend been cut? • Production: We expect a 7% reduction in 2020. What are the long-term implications? • Economics: Latin America upstream NPV10 down by a third. Which resource themes have been hit the hardest? • Corporate: Are Latam NOCs prepared for the tough road ahead?

• Content

  Featured Reports

  • 09 8月 2018

  We're highlighting our most popular reports. Gain instant access to detailed data — by the numbers and with visualisation — to address business challenges and make better, more strategic decisions.

• Webinar

  Webinar | Global Oil Market Implications

  • 09 3月 2020

  Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

• News Release

  Australia’s east coast gas prices to bottom out over next two years

  • 20 11月 2019

  In the latest Australia east coast gas market research, Wood Mackenzie projects that the LNG netback price for Australia’s east coast could bottom out to A$6.50 – A$9 per gigajoule (GJ) over the next two years.

• News Release

  Increased uncertainty to colour upstream sector’s decision-making in 2020

  • 09 1月 2020

  The level of uncertainty and anxiety among upstream producers and supply chain has rarely been higher. In 2020, decision-making will be more heavily influenced by sentiment surrounding the energy transition, political upheaval and trade disputes than in previous years. This adds to the ever-present risks of unexpected supply-demand imbalance, niche cost inflation or a global economic downturn. What are the biggest trends to watch in the upstream oil and gas business in 2020? Fraser McKay, head of upstream analysis at Wood Mackenzie, sees five key themes.

• News Release

  Asia Pacific upstream - 5 themes to watch in 2020

  • 19 12月 2019

  Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020.

• Comment

  Talos shells out US$640m for Gulf of Mexico assets

  • 12 12月 2019

  Talos Energy, in its pursuit of growth in the US Gulf of Mexico, has announced a series of purchases, worth $640 million assets in the region

• News Release

  Anchor's aweigh as Chevron gives nod to US Gulf of Mexico development

  • 12 12月 2019

  Chevron has given the green light to the Anchor development in deepwater US Gulf of Mexico. This is Chevron’s first greenfield final investment decision as an operator since its sanction of Big Foot and Jack/St Malo in 2010.

• Comment

  India's 2020 energy outlook

  • 23 1月 2020

  India's 2020 energy outlook

• Comment

  Jebel Ali gas find ‘largest since 2005’

  • 03 2月 2020

  The announcement of an 80 trillion cubic feet (tcf) find at Jebel Ali, on the border between Abu Dhabi and Dubai, is hugely significant for the United Arab Emirates. Liam Yates, an analyst on Wood Mackenzie’s Middle East upstream team, said: “The find ranks as the largest global gas discovery since Galkynysh (South Iolotan). The Turkmen field was discovered in 2005."

• Comment

  PNG government calls off P'nyang Gas Agreement negotiations

  • 03 2月 2020

  The government of PNG has called-off negotiations on the development of the ExxonMobil-operated P’nyang gas field.

• Comment

  New CEO Looney rings changes at BP with ambitious climate plan

  • 12 2月 2020

  Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

• News Release

  OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

  • 05 3月 2020

  The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

• Webinar

  Navigating the Oil Price Crash in Asia Pacific

  • 18 3月 2020

  On 9th March, Brent fell 30% and has seen continued volatility in the following 24 hours, sending a shockwave through global energy markets. What does this mean for Asia Pacific?

• News Release

  Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

  • 01 4月 2020

  In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

• Webinar

  Webinar: IMO 2020 impact on upstream producers, LNG and bulks(2)

  • 07 5月 2019

  Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

• Comment

  US$210bn of new spend in firing line as players target cost cuts

  • 02 4月 2020

  The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

• Webinar

  Webinar: Oil price crash: navigating the impact on activity, supply chains and cost

  • 08 4月 2020

  In this webinar we bring together experts from Wood Mackenzie’s Lower 48, upstream and upstream supply chain teams as well as our sister company, Power Advocate, to discuss the impact of the oil price crash on activity levels, the service sector industry and costs.

• Webinar

  Webinar: What oil supply is at risk of shut in?

  • 09 4月 2020

  During the last downturn in 2015/16 supply was relatively unaffected. Even the highest cost wedges kept producing; the associated shut-in costs were deemed too high. But prices only dipped below US$45/bbl for a year, and below US$35/bbl for one quarter. Storage levels were of less concern. There is no precedent for the scale of potential shut-ins for today’s asset classes, if oil prices remain low for a prolonged period. The industry’s ability to keep higher-cost barrels flowing is being severely tested. This downturn, there could be a significant impact on currently producing fields as well as future supply.

• Comment

  Equinor carves Gulf of Mexico niche with Monument discovery

  • 06 4月 2020

  Norwegian operator Equinor today announced it struck 200 feet of oil pay at the Monument exploration well, in the US Gulf of Mexico.

• Comment

  Arrow Energy sanctions Surat Gas Project

  • 17 4月 2020

  Arrow Energy sanctions Surat Gas Project

• Webinar

  Webinar | Oil price crash: fiscal responses

  • 30 4月 2020

  Oil price crash: what next for fiscal terms? Petroleum investors, producers, suppliers and governments are coming together to try and find solutions to the current industry crisis. The oil revenue cake that they all feast on has shrunk, dramatically.

• Webinar

  Webinar | Widespread shut-ins to tight oil is uncharted territory. How might this unfold?

  • 07 5月 2020

  Widespread shut-ins to tight oil is uncharted territory. How might this unfold? Who and where will likely be impacted the most? How will producers create a shut-in strategy? How deep can shut-ins go? How much of the shut-in volume comes back online?

• Comment

  Shell dividend cut frees up US$10bn

  • 30 4月 2020

  Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.

• Webinar

  Webinar | Global exploration before and after Covid-19

  • 28 5月 2020

  Our annual survey of the global exploration industry, conducted largely before coronavirus hit and the oil price crashed, showed signs of cautious optimism. Despite the threat posed by the energy transition, explorers were looking forward to another 30 years of exploration. There was, however, a keen awareness of the challenges ahead – the fight to remain investible, the need to increase capital efficiency and the opportunities and risks presented by deepwater exploration. Join us for a webinar discussing the results on the 2020 survey both in the context of the pre-COVID-19 view and in light of the new world we live in. We’ll cover which exploration companies stood out from the pack in 2019, the changing focus of explorers and the role of exploration in today’s energy companies.