Shell's US$22bn write down 'signals fundamental change'

• 30 6月 2020

Royal Dutch Shell said on 20 June it would write off assets worth up to $22 billion on the back of weakening oil and gas demand due to the coronavirus pandemic and a weaker energy price outlook.

When will the market face peak demand?

• 18 10月 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.

North America could play bigger role in future global bunker market

• 20 3月 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.

Market implications of Chinese tariffs on US LNG

• 03 8月 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.

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

• 27 7月 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?

OPEC producers key to world supply through to 2040

• 16 7月 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.

China's retaliatory tariff on US LNG

• 19 9月 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.

Permian producers hedge their bets against pipeline delays

• 11 9月 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.

Merger does the business for Wintershall and DEA

• 28 9月 2018

Wintershall and DEA set to merge to create independent exploration and production company

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

• 17 10月 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.

Upstream players need to boost spending to meet future demand

• 24 10月 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.

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

• 06 11月 2018

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

Is deepwater ready for cost inflation?

• 27 11月 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.

Qatar quits OPEC

• 03 12月 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.

OPEC stays the course with production deal

• 01 12月 2017

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

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

• 14 12月 2017

2018 looks set to be a brighter year for upstream oil and gas companies

Can upstream cost savings stick?

• 15 12月 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.

LNG markets move from oversupply as rebalancing gets under way

• 07 6月 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.

China's LNG trucking capacity to double in medium term

• 18 6月 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.

Australasia - Five themes to look out for in 2019

• 19 12月 2018

As 2018 draws to a close, Wood Mackenzie's experts discusses five key themes to look out for in Australasia's oil and gas industry in 2019.

Chevron loses second major production asset in South East Asia

• 13 12月 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.

US sanctions increase pressure on Venezuela

• 30 1月 2019

The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

How Chinese PTA and MEG futures impact the polyester industry?

• 30 1月 2019

The two polyester feedstocks – purified terephthalic acid (PTA) and monoethylene glycol (MEG) – in the world's most important polyester market China, have recently moved towards a total paper business.

Exploration’s back in the black

• 04 2月 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.

Repsol-led consortium makes significant gas discovery in Indonesia

• 18 2月 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.

Commodity slowdown in China could be different this time

• 05 3月 2019

In today's meeting of the National People’s Congress, China announced slower growth this year, with its gross domestic product (GDP) growth targeted at a range of 6 to 6.5% in 2019.

Does clean hydrogen have a future?

• 22 1月 2025

Explore the potential of clean hydrogen energy with Ed Crooks, Dr. Melissa Lott and Austin Knight.

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A delayed energy transition could make or break the upstream sector

• 16 1月 2025

As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil & gas supply. But meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices and significant shifts in corporate strategy, according to the latest Horizons report from Wood Mackenzie.

Wood Mackenzie appoints new Chief Financial Officer

• 06 1月 2025

Wood Mackenzie, Inc., the leading global data and analytics business empowering the energy transition, has appointed Garet Guthrie as Chief Financial Officer (CFO), effective January 6, 2025. Mr. Guthrie succeeds Simon Crowe, who is stepping down to pursue other opportunities. Mr. Crowe will work with Mr. Guthrie to transition over responsibilities over the next few weeks