(WoodMac, 13.Dec.2021) â The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications […]
Tag: Fraser McKay
Oil Price Rout May Trigger Major Shake-up: Woodmac
(WoodMac, 9.Mar.2020) â As global markets reel in the wake of the oil price crash, Wood Mackenzieâs Tom Ellacott said: âThe price collapse could be the trigger for a new phase of deep industry restructuring – one that rivals the changes seen in the late-1990s. Ellacott, senior vice president, corporate […]
Coronavirusâ Greatest Upstream Impact: On Prices
(WoodMac, 27.Feb.2020) â The upstream oil and gas sectorâs biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global supply comes from the worst-affected regions. Manufacturing shutdowns and shipping bottlenecks are causing project delays. Vessels and other large components […]