Fiscal Service

Optimise the outcomes of fiscal discussions and ensure the most appropriate terms are achieved for new opportunities.

Exploration Service

Shape your exploration strategy by benchmarking companies, countries, basins and plays.

Unconventional Play Service

Compare unconventional plays against key producing plays in the US and beyond, and explore their potential using metrics such as costs, economics and risk.

Upstream Supply Chain

Plan for future offshore opportunities with integrated solutions that enable you to make informed strategic decisions.

Global Project Tracker

Target equipment opportunities in the upstream supply chain and take your field economics analysis to the infrastructure level.

Emissions Benchmarking Tool

Inform strategic decisions regarding emissions risk management via competitive benchmarking, portfolio analysis and economic impact assessment.

Biofuels Production Monitor

Real-time renewable and biodiesel production alerts for key facilities across North America.

Webinar | Shale service costs in 2020: what is the market telling us?

• 27 1月 2020

Last year, costs fell by double-digit percentages for several major spend categories. However, today’s cost environment is considerably different from twelve months ago. Will the deflationary period stick around, or should we expect a change in 2020? During the webinar, our analysts covered topics such as: • Which cost categories fell the most last year, and what was the influence on overall well costs? • E&P budgets will reset in January and, in our view, reverse the rig count freefall. But should we expect costs to turn around as a result? • What could force service costs higher, and when could we expect the market to change? • If costs increase, which components are most at risk and what’s the economic impact?

The Energy Gang podcast: innovation, agreements and earthshots

• 22 11月 2021

Ed Crooks joins Melissa Lott and Amy Myers-Jaffe to ask COP26: success or failure? The gang also looks at innovation in CCS, nuclear and hydrogen.

Drone strikes attempt to disrupt Saudi oil exports

• 12 3月 2021

Houthi militants have failed in recent attempts to hit targets in Saudi Arabia. But markets and governments are watching closely for a possible threat to oil supplies

How the price war is hurting US tight oil

• 26 5月 2020

Arresting the explosive growth of US tight oil was a clear target of the price war after the OPEC+ meeting collapsed in March. What's been the effect on drilling and investment? How much will production fall and how quickly? Will tight oil recover and get back on a growth path? Find out more in this week's Edge.

Upstream FIDs pushes on with lower costs

• 05 4月 2018

As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.

Chinese shale gas production to almost double in two years

• 17 4月 2018

Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells and 9 bcm of production last year. In its latest analysis, Wood Mackenzie projects Chinese shale gas production to almost double to 17 bcm in 2020.

East Coast gas prices could rise 30 percent in five years

• 25 5月 2018

In a recent study, Wood Mackenzie forecasts Australia's East Coast gas prices to rise up to 30 percent to between A$10 and A$13 /per gigajoule by the mid 2020s.

A new era for oil and gas in Mexico

• 16 5月 2018

Look no further than Mexico for an example of what a successful energy reform looks like. Over the past five years, the country has dramatically overhauled its energy landscape. A new report analyses the impacts of the energy reform on the country's upstream sector.

Permian produced water: slowly extinguishing a roaring basin?

• 11 6月 2018

With the recent rise oil prices, operators have been adding rigs and ramping up completions in the Permian Basin – the largest and most important source of oil supply growth in the world. However, persistent operational water challenges present a material risk to companies' future profitability and production.

Exploration industry eyes a brighter future at EAGE

• 12 6月 2018

In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.

Upstream companies positioned to thrive in 2019

• 17 12月 2018

Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.

Major LNG buyers' uncontracted demand to quadruple by 2030

• 13 12月 2018

Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.

Medco Energi's potential takeover of UK-listed Ophir Energy

• 02 1月 2019

On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.

Will Asia-Pacific's O&G sector join the global recovery in 2019?

• 14 1月 2019

Will rising demand, new exploration activity and a refresh of government policy bring renewed confidence in Asia-Pacific's upstream industry in 2019? Wood Mackenzie's research director Andrew Harwood shares his thoughts.

Outlook sluggish for upstream M&A

• 21 1月 2019

Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.

Glengorm ‘largest UK gas find since 2008’

• 29 1月 2019

CNOOC Ltd and Total's Glengorm gas discovery, in teh Central North Sea, is the largest gas find in UK waters since Culzean in 2008

Sanctions to squeeze Venezuela’s output

• 01 2月 2019

The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have on state-run oil producer PDVSA and the country’s energy sector?

Smoother sailing ahead for upstream supply chain players

• 06 2月 2019

The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie. As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.

Brulpadda delivers the goods for Total

• 07 2月 2019

French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

Can the right fiscal terms revive Asia-Pacific's upstream sector?

• 27 2月 2019

Asia-Pacific's upstream industry has been plagued by declining oil production, exploration and licensing activity. Since 2014, exploration investment in the region has fallen 66% to around US$6 billion in 2018, reducing the hopper of new development opportunities.

ExxonMobil and QP land a giant with Glaucus

• 28 2月 2019

ExxonMobil and partner Qatar Petroleum today announced they made a major gas find with the Glaucus-1 well, drilled offshore Cyprus. “Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. He added: “It will be one of the biggest discoveries of the year."

Buyers' market as Gulf of Mexico lease sale wraps up

• 20 3月 2019

The US Gulf of Mexico region wide Lease Sale 252 was held today, 20 March 2019. The sale attracted 257 bids from 30 companies, with high bids totalling US$244.3 million. An increase of about $66 million (37%) from the last region-wide lease sale in August 2018.

Crude for thought

• 04 11月 2018

Listen to the Crude for Thought podcast as our experts share their sometimes unconventional views on unconventionals and upstream as a whole.