China’s pipeline reform: expect higher gas prices in the short-term

• 09 10月 2019

New research from Wood Mackenzie indicates that the creation of a national pipeline company in China is a step in the right direction but will result in higher end-user prices in the short-term as the country tries to balance institutional reform with implementation risks.

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?

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?

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

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.

European Investment Bank to cease funding fossil fuel projects

• 15 11月 2019

The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.

Can Europe cope if Russia shuts off Ukraine gas transit?

• 19 12月 2019

The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."

What does the US-China trade deal mean for refiners - and for the market?

• 20 1月 2020

After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

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?

India's 2020 energy outlook

• 23 1月 2020

India's 2020 energy outlook

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.”

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.

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?

China’s crude reserves to reach 1.15 billion barrels in 2020

• 23 3月 2020

Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.

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.

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: 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.

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 | 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 | 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?

Bangladesh to double its fossil fuel imports in a decade

• 14 5月 2020

Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says Wood Mackenzie.

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.

Distress in energy and natural resources

• 22 5月 2020

Helping investors evaluate opportunities in energy and natural resources during the Covid-19 crisis

Webinar | Low oil prices: where next for the Australasian upstream sector?

• 02 6月 2020

Australia’s upstream sector was set for a bumper year in 2020. We expected a ramp-up of LNG supply, billions of dollars of new upstream investment, and plentiful growth opportunities via exploration and M&A. But everything changed. The double impact of the coronavirus and the oil price crash has swept through the industry. Upstream operators are in a fight for survival. Join Wood Mackenzie's Australasian team for a live webinar discussing what happens next and why, including: • How the investment outlook has changed • The big reset of pre-FID project timelines, and what it all means • Do low prices present an M&A opportunity? Presenters: Adele Long – Senior Research Manager Daniel Toleman – Senior Research Analyst David Low – Senior Research Analyst

China’s Q2 2020 oil demand shows signs of recovery

• 26 5月 2020

According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.

Global capex spend slashed by US$1 trillion

• 18 7月 2016

The impact of the drop in oil prices on global upstream development spend has been enormous. Companies have responded to the fall by deferring or cancelling projects.

Oil and gas M&A market: more gridlock ahead?

• 31 3月 2017

Our M&A service estimates that over US$300 billion of potential assets earmarked for disposal remain in the global upstream deal pipeline.

5 unintended consequences of Australia's gas market intervention

• 07 8月 2017

On 1 July 2017, the Australian government implemented its gas export restrictions policy, which presents a number of potential unintended consequences for Australia.

When will tight oil make money?

• 28 7月 2017

Despite its superstardom in the upstream industry, tight oil remains the subject of debate: can it realise its potential as a profit engine, or will over-investment drive supply up and prices down?

Southeast Asia Gas & Power Service

Get an authoritative analysis and proprietary data across the six most well established gas and power markets in Southeast Asia.