Collapsing demand sets the terms in the OPEC+ battle for market share

• 09 4月 2020

Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in oil demand, especially during April and forecast for Q2 2020. No matter the size of the varying forecasts, they all point to a challenging market that puts pressure on storage space and prices.

Shell 'to be net-zero company by 2050'

• 16 4月 2020

Commenting after Shell announced its intention to become net-zero company by 2050, Luke Parker, vice president, corporate analysis, at Wood Mackenzie, said: “This is an evolution of the net carbon footprint ambition that Shell unveiled in November 2017.

US midstream takes hit as Lower 48 E&Ps turn off taps

• 03 6月 2020

The oil price crash has hit the US Lower 48 hard. But as exploration and production companies work to mitigate the impact of the crash on their businesses, their strategies are affecting the region’s midstream players.

Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut

• 06 6月 2020

OPEC+ today (6 June 2020) agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market further and could see Brent prices rise from the current $40/bbl toward $45-to-$50/bbl.

BP asset write-down 'is significant for sector'

• 16 6月 2020

Speaking after BP announced it was writing down as much as $17.5 billion when it reports its second quarter results, Luke Parker, vice president, corporate analysis, said: “The impairment shouldn’t come as a big surprise, but the implications – near-term and long-term – are significant.”

Chevron to sell stake in North West Shelf LNG

• 18 6月 2020

Chevron continuing to high-grade its portfolio and putting its 16.7% stake in the NWS up for sale makes a lot of sense.

Horizons Live: Trading cases

• 06 6月 2025

Our panel explored how the Trump administration's 'Liberation Day' tariffs marked a pivotal moment in global trade, potentially reversing the effects of China's 2001 WTO entry and accelerating deglobalization trends

Rock solid: geothermal’s upward trajectory

• 03 6月 2025

Our subsurface experts recently published the latest edition of WoodMac’s Geothermal Market Update, which provides comprehensive insight into project and policy developments in the sector.

WoodMac’s Gas, LNG and the Future of Energy conference: five key themes

• 19 6月 2025

From rising US LNG exports to shifting gas prices and Russia's impact - discover what’s shaping the future of global LNG

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.

Video | Lens Emissions: Africa’s oil – legacy fields vs low-carbon future

• 05 5月 2025

Can legacy oil fields compete in a low-carbon era?

Why oil is pushing towards US$100/bbl…

• 18 2月 2022

What's driven the rally, what is the outlook for supply and demand fundamentals in 2022, and how will geopolitics, including the Russia/Ukraine crisis, play out?

Iraqi gas production increasing as flaring levels fall

• 20 6月 2025

Despite the country’s vast gas resources, demand continues to exceed production.

Women in energy

• 23 7月 2020

We showcase research and analysis from some of our most accomplished and influential women in energy and natural resources. Meet some of the many outstanding women we're proud to work with – and explore their latest thinking.

Financing the next phase of Africa’s oil and gas development

• 19 10月 2023

Access to capital the biggest obstacle for local players

The oil and gas majors are phasing down their renewable strategies

• 01 7月 2025

Sylvia Leyva Martinez and our guests discuss how oil and gas majors are adjusting their capital allocation between fossil fuels and renewables. Plus, what’s the role of natural gas in the transition, and how should investors navigate volatility and uncertainty in energy markets?

US upstream gas sector poised to gain from higher Henry Hub prices

• 29 5月 2025

Discover why US gas producers are poised for gains as Henry Hub prices surge, and what it means for Big Oil's investment strategies

Oil closes in on peak oversupply

• 28 4月 2020

The steep decline in oil demand is putting the entire system under pressure. Will there be sufficient storage globally to cope? Will we see more production shut-in? What are the prospects for demand recovery? Find out more in this week's Edge.

Global upstream update: three key industry themes

• 06 9月 2023

From increasing M&A activity to supply wildcards, here’s the latest trends in upstream oil & gas

Murphy Oil dives into deepwater Gulf of Mexico with US$1.6bn LLOG deal

• 23 4月 2019

Murphy Oil Exploration is poised to buy several deepwater Gulf of Mexico assets from LLOG Exploration for a total of US$1.625 billion, split into a US$1.375 billion cash payment and US$250 million in contingent payments.

Maximising upstream value in the long term

• 08 5月 2018

Life’s good again in the upstream sector. All the hard work through the downturn is paying dividends, literally. Brent over US$70/bbl means everyone is in the money given the sector’s cash flow breakeven of US$53/bbl.

Canada upstream: 4 things to look for in 2025

• 07 1月 2025

Canada's production growth carries on. But there are important nuances underneath total volume numbers.

Montney total production to increase by 16% in 2019

• 16 5月 2019

Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day (bcfe/d) in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie.

Forecasting carbon offset use to 2050: what you need to know

• 23 6月 2025

Our Carbon Offset Market Outlook presents Wood Mackenzie’s base case scenario for the evolution of the offset market through 2050.

What the conflict between Israel and Iran means for energy

• 16 6月 2025

Missile strikes and rising tensions between Israel and Iran are shaking global energy markets - discover what it means for oil, gas and power

Is investment in natural gas the key to positioning upstream portfolios for a low-carbon future?

• 15 3月 2018

Is investment in natural gas the key to positioning upstream portfolios for a low-carbon future?

Webinar | Carbon offsets: How to realise value in the net zero transition

• 06 6月 2024

The energy transition of the oil and gas sector: key drivers and outlook

• 14 5月 2020

This webinar will analyse the impact of the coronavirus and the subsequent precipitous drop in oil prices on the Majors’ new energy strategies. We will look at how the announced cost cutting measures may affect the peers’ carbon reduction and renewables budgets. We will also discuss a deepening transatlantic divide between the European and the US Majors and key reasons that underpin their different approaches to the energy transition.

Swimming upstream: a survivor's guide

• 04 5月 2021

Navigating oil and gas in a time of hyper-uncertainty

Gridlock: the demand dilemma facing the US power industry

• 17 10月 2024

This research piece addresses what will be the central theme of US power markets over the next couple of years and potentially beyond.