• News Release

  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.

• News Release

  Sakarya Phase One kick-starts Turkey’s upstream sector transformation, making nation less reliant on gas imports

  • 20 4月 2023

  Addressing Turkish Petroleum Corporation’s (TPAO) launch of Sakarya Phase One, Ashley Sherman, Research Director, Caspian & Europe Upstream Oil and Gas for Wood Mackenzie said “Sakarya Phase One redefines the scale of Turkey’s upstream sector, bringing its first deepwater output and a fundamental shift in domestic energy security. To date, Turkey has relied almost entirely on gas imports to meet its demand. Sakarya Phase One will put a sizeable dent into the country’s energy import bill, which reached an eye-watering US$97 billion in 2022. But Phase Two would be the real gamechanger, enabling Sakarya to cover almost 30% of Turkey’s gas consumption by 2030.”

• News Release

  Kan discovery in Mexico’s shallow water one of the largest since 2020

  • 02 5月 2023

  Addressing Wintershall Dea’s Kan-1 discovery, Adrian Lara, Principal Research Analyst Latin America Upstream Oil and Gas, said “With Wintershall Dea’s first operated exploration well drilled in Mexico, the announced expected resource of 200 to 300 million barrels of equivalent of oil and gas in place outperforms the original prospective resource estimated at 196 mmboe. The discovery is one of the largest in Mexico’s shallow-water since Zama, made by Talos in 2017 and Saasken made by Eni in 2020.”

• News Release

  TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey

  • 27 6月 2023

  French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey.

• News Release

  Floating rig utilization rebounds to pre-COVID levels

  • 12 6月 2023

  Rig utilization has returned to pre-COVID levels, driving rates up 40 percent in the past year as demand is forecast to increase another 20 percent from 2024-2025, according to a recent report from Wood Mackenzie.

• Webinar

  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

• News Release

  North American renewable natural gas market could expand tenfold by 2050 to reach 4 bcfd

  • 17 7月 2023

  Driven by new government incentives for the transportation sector, renewable natural gas (RNG), or biomethane, saw tremendous growth in 2022, with 60 million cubic feet per day (mmcfd) of new production capacity added, according to a new report from Wood Mackenzie.

• News Release

  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.

• News Release

  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.

• News Release

  Australia sees record volume of upstream M&A deals, despite regulatory turmoil

  • 16 11月 2023

  Australia sees record volume of upstream M&A deals, despite regulatory turmoil

• News Release

  President Elect Milei set to shake up Argentina’s oil industry

  • 28 11月 2023

  Addressing the election of Javier Milei as President of Argentina, Adrian Lara, principal analyst, said “Elected President Javier Milei and his advisors are signalling the importance the oil and gas sector has in their plans for the overall Argentinian economy, however, their success in deregulating the sector and attracting more investment is still predicated on an effective and timely correction of the macroeconomic imbalances of the country.”

• News Release

  Southern cone gas and power market to invest US$46 billion in gas production and US$94 billion in new power supply through 2033

  • 30 11月 2023

  Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, while wind will add 31 GW of onshore projects through 2033, with the total investment in new power supply leading to a cumulative capacity of 400 GW by 2033, based on a new analysis from Wood Mackenzie.

• Opinion

  Horizons Live: Mission invisible

  • 05 12月 2023

  On this Horizons Live replay, we look at the scale of the oil and gas industry’s methane challenge, how technological improvements can help and what companies and governments must do to resolve it.

• News Release

  Companies loosen purse strings to bid high for deepwater blocks in US Gulf of Mexico Lease Sale 261

  • 20 12月 2023

  The United States today concluded the 2017-2022 leasing plan with the US Gulf of Mexico region-wide lease sale 261. The sale attracted 352 bids from 26 participating companies, with high bids totaling US$382 million, an increase of 45% (US$118 million) compared to the last lease sale held in March.

• News Release

  Key things to watch in upstream in 2024

  • 11 1月 2024

  Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

• News Release

  Chesapeake and Southwestern merger creates dominate player in the Haynesville

  • 12 1月 2024

  Addressing Chesapeake Energy and Southwestern Energy’s merger and formation of a new $24 billion natural gas company, Alex Beeker, research director, corporate research for Wood Mackenzie said, “The Haynesville has been in need of a clearer narrative to win investor support and with a new and dominant team planning the Haynesville and Bossier’s future, investors can look to a single E&P to better understand development cadence, inventory longevity, evolving cost of supply and step-out appraisal work.”

• News Release

  Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

  • 01 2月 2024

  Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in 2030, the shift to a 12 million b/d target from 13 million b/d should be absorbed in the market and not cause a tightening in the supply and demand balance this decade.”

• Webinar

  Webinar | Extracting value from CCUS: how does it work?

  • 26 2月 2024

  Join Wood Mackenzie on February 26th, 2024, for an introduction to CCUS project valuations.

• Opinion

  Horizons Live: Over the rainbow

  • 12 3月 2024

  On this Horizons Live, our panel dive into the hydrogen rainbow and explore carbon emissions insights focusing on colour to project-level carbon intensity for companies crafting strategies.

• Webinar

  Webinar | Analyzing the key bankability indicators of ultra-high power modules

  • 30 8月 2022

  Trina Solar and UL join Wood Mackenzie to discuss the decisive indicators for bankability and an in-depth look at Trina Vertex Module’s high bankability.

• Opinion

  How are oil and gas companies using carbon offsets to decarbonise?

  • 07 3月 2022

  Offsetting can be both a decarbonisation tool and a financial instrument – but cannot replace carbon mitigation solutions.

• News Release

  Eni makes discovery of the year, named most-admired upstream explorer

  • 17 6月 2022

  Italian major Eni has, for the fourth time in seven years, been named the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s industry-leading annual Exploration Survey.

• Opinion

  Horizons Live: The Big Ban

  • 30 6月 2022

  Watch on demand as we answer your questions about the consequences of the Ukraine war on commodities, and how governments, companies and investors must respond as the outlook for energy is transformed.

• Webinar

  Webinar | The Upstream Dealmaking Playbook, Redefined by Southwestern Energy

  • 27 7月 2022

  While conducting due diligence, are you wasting time pulling down a VDR, organizing files, manipulating key datasets and assigning contracts for the highest allocated properties? Does it ever feel like you're just throwing money and people at the problem?

• Comment

  Woodside sanctions US$12 billion Scarborough and Pluto Train 2 project

  • 22 11月 2021

  Woodside has sanctioned the US$12 billion Scarborough and Pluto Train 2 project. This is a big step for Woodside, Western Australia and the local LNG industry.

• News Release

  Oil and gas companies must be bold as energy transition sets tone for 2022

  • 09 12月 2021

  It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for the energy transition ahead. New research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), indicates that oil and gas companies are likely to be bold in 2022. Formidable cash flow generation, increasing new energy opportunities and the development of a carbon market are a powerful force for change.

• News Release

  Is CCS the upstream sector’s silver bullet?

  • 11 8月 2021

  We may only be halfway through 2021, but it is already shaping up to be a breakthrough year for carbon capture and sequestration (CCS) to emerge as a viable tool for upstream companies to decarbonise operations. Although the concept has been around for decades, CCS is moving into the mainstream. All the industry’s largest companies now plan to use sequestration to help them reach their decarbonisation targets.

• Comment

  Chesapeake ties up Vine in cash-and-stock deal

  • 11 8月 2021

  Speaking after Chesapeake announced plans to buy Vine Energy in a cash-and-stock deal which values the Blackstone Group-controlled E&P at around US$2.2 billion, analysts from natural resources consultancy Wood Mackenzie said: “We were confident 2021 would be a big year for Haynesville consolidation."

• News Release

  Firth of Forth net-zero hub key to achieving climate goals

  • 17 8月 2021

  The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq: VRSK) has found.

• Comment

  UK gas output slump helps fuel price rally

  • 08 9月 2021

  UK gas production is down 28% year-to-date, helping fuel the current European gas price rally, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said.