• Comment

  BP sells petrochemicals business to INEOS in US$5bn deal

  • 29 6月 2020

  Steve Jenkins, vice president of Wood Mackenzie’s petrochemicals team, comments on this morning’s announcement from BP that it is selling its petrochemicals business to INEOS in a US$5 billion deal.

• News Release

  What's behind Libya's production boost?

  • 20 10月 2017

  Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

• News Release

  Majors start shaping strategies to capture a piece of the renewables action

  • 26 9月 2017

  Renewable energy sources are set to radically reshape global energy markets. For the Majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios.

• News Release

  Non-OPEC decline rates to remain stable until 2020

  • 27 9月 2017

  Through operational excellence programmes and smart spending, operators have managed to maximise production and improve efficiencies, bucking expectations of an increase in decline rates. In fact, non-OPEC decline rates have remained stable since 2015. A new report by Wood Mackenzie, Non-OPEC Decline Rates: Lower for Longer, looks at the factors influencing this stability, how long it can be maintained and the impact future shifting decline rates may have on the oil market.

• News Release

  Upstream players grapple with uncertainty

  • 15 5月 2017

  To gauge the state of the sector, Wood Mackenzie asked its client base to share their thoughts on a number of key themes, and the responses were analysed to give a comprehensive view of how the sector’s key players view the future.

• News Release

  Revival of deepwater industry: best projects closing gap

  • 30 3月 2017

  The deepwater industry has emerged from the downturn leaner and more competitive with US tight oil

• News Release

  New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

  • 11 1月 2017

  Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.

• News Release

  IMO 2020 regulation could cost shippers extra US$60 billion a year

  • 28 2月 2017

  The 0.5 wt% sulphur cap for bunker fuels could have far-reaching repercussions

• News Release

  Global upstream FIDs on track to double in 2017

  • 17 7月 2017

  In the first half of the year, the industry has already witnessed 15 project sanctions, almost comparable to project sanctions in the whole of 2016.

• News Release

  OPEC+ deal balances consumer pressure with need for stable prices

  • 23 6月 2018

  The OPEC+ meeting, held in Vienna on 23 June 2018, confirmed Saudi Arabia and Russia’s high-level commitment to co-operate to manage the oil market.

• Comment

  Mexico's new president: Energy future at a crossroads

  • 02 7月 2018

  After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.

• News Release

  Global upstream project delivery is finally hitting the mark

  • 14 8月 2018

  Has the oil and gas industry finally turned around its reputation for always delivering upstream projects behind schedule and overbudget? Emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on project returns, according to a new Wood Mackenzie report.

• Comment

  Ensco beefs up fleet with Rowan deal

  • 08 10月 2018

  Offshore driller Ensco is poised to buy smaller rival Rowan in an all-stock deal valued at $2.38 billion.

• News Release

  How do the Majors stack up in the Lower 48?

  • 16 10月 2018

  The Major oil and gas companies have made big strategic bets on the US Lower 48's unconventional plays. The scale, returns and investment flexibility offered by tight oil and gas has made it an essential part of most major players’ portfolios. But how do the players compare to each other?

• News Release

  What do the US mid-term election results mean for renewable energy?

  • 21 11月 2018

  The results of this year's U.S. mid-term elections may open a path for higher renewable portfolio standards and gigawatts of solar and wind deployments, according to a new analysis from Wood Mackenzie Power & Renewables.

• News Release

  Big Data adds up to big savings for upstream players

  • 12 11月 2018

  The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.

• Comment

  Will Trump's Beijing trip win some LNG deals for the US?

  • 08 11月 2017

  The Trump administration has been championing US energy exports as its preferred instrument for narrowing its trade deficit in the wake of the US shale boom. A combination of rising export capacity in the US, LNG import demand growth in China, and political cheerleading has underpinned an uptick in LNG exports to China this year via third party, spot trades. Will Trump's trip to Beijing seal the deal for some major LNG deals?

• News Release

  Producers double down on hedging in Q3 2017

  • 29 11月 2017

  Hedging activity surged in Q3 2017 as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie's latest analysis of oil and gas hedging activity.

• Comment

  Global Polyethylene Markets: 6 Key Things to Look For in 2018

  • 16 1月 2018

  The year 2018 will be recorded as the "transition year" for the polyethylene industry. Widely anticipated North American polyethylene resin will hit the global markets, China's ban on importing scrap plastic will challenge the prevailing trends, and new tax structures in the United States and India will show its full impact on the plastic industry.

• News Release

  Will a shifting global market embrace US crude?

  • 05 3月 2018

  A new study by Wood Mackenzie, examines this shift in the oil market, and assesses the challenges and opportunities facing the market and US producers and midstream operators.

• News Release

  Conventional pre-FID breakevens give the Lower 48 a run for its money

  • 14 3月 2018

  Analysis of global oil cost curves indicates that many conventional pre-FID projects – even deepwater developments - are now competitive on a breakeven basis with US Lower 48 tight oil. However, this competitiveness has come at the expense of volumes. The trade-off of cost efficiency versus volumes means that in the medium- to long-term, the cost of supply is set to increase, highlighting the US Lower 48’s role as an important marginal barrel producer.

• Comment

  US Gulf of Mexico Lease Sale 250

  • 22 3月 2018

  On Wednesday, 21 March 2018, the US held its region-wide GoM Lease Sale 250, attracting 159 bids from 33 participating companies, with high bids totalling US$124.8 million. The total of high bids represents a modest increase of about US$3 million over last year's August region wide Lease Sale 249 but is still a lacklustre result.

• News Release

  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.

• News Release

  IMO aims to halve global shipping emissions. But, what will it cost?

  • 12 4月 2018

  The IMO is gearing up to cap sulphur emissions. Wood Mackenzie looks at the potential impact the new regulations could have on the shipping and bunker fuel sectors.

• News Release

  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.

• News Release

  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.

• Comment

  China retaliates with tariffs on $34 billion worth of US goods

  • 18 6月 2018

  Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.

• News Release

  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.

• Comment

  OPEC and Russia agree output deal

  • 07 12月 2018

  OPEC and its allies agreed a 1.2 million barrel per day cut after two days of tense meetings in Vienna.

• Comment

  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.