(WoodMac, 21.Jun.2022) — Traditional metal production is inherently polluting. According to data from Wood Mackenzie’s Emissions Benchmarking Tool, it is currently responsible for 9% of global greenhouse gas emissions. Many...
(WoodMac, 9.Jun.2022) — Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie, a Verisk...
(WoodMac, 30.May.2022) — Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin. Wood Mackenzie research analyst Michael Song said: “The development is expected to cost...
(Bloomberg, 16.May.2022) — Expensive offshore exploration setbacks for international oil majors including Shell Plc and Exxon Mobil Corp. are throwing cold water on their plans to turn Brazil into a...
(WoodMac, 16.May.2022) — Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according...
(WoodMac, 21.Apr.2022) — The crisis caused by Russia’s invasion of Ukraine has highlighted the challenges for energy supplies as the world moves to tackle the threat of climate change. The...
(WoodMac, 30.Mar.2022) — Despite their scale, national oil companies (NOCs) have until now largely escaped the heavy scrutiny experienced by international oil companies (IOCs) around emissions. Partly as a consequence,...
(WoodMac, 23.Mar.2022) — Wood Mackenzie, a Verisk business (Nasdaq:VRSK), reveals in its latest Accelerated Energy Transition (AET) 1.5-Degree scenario report, that the world needs to double-down on plans to achieve the...
(WoodMac, 16.Feb.2022) — As energy transition and ESG pressures bring more upstream assets to market, questions remain about who’s buying. Comments follow from Greig Aitken, Research Director, M&A and Neivan Boroujerdi, Principal...
(WoodMac, 26.Jan.2022) — Last year proved how dynamic the gas and power markets in the Southern Cone are. And many uncertainties will be carried to 2022, especially regarding the extent...
(WoodMac, 13.Dec.2021) — 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...
(WoodMac, 8.Dec.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...
(WoodMac, 3.Nov.2021) — Brazil will relicense the surplus volumes in Atapu and Sépia next month, offering bidders improved terms in the country’s second Surplus Transfer of Rights round. The two...
(WoodMac, 28.Oct.2021) — The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie,...
(WoodMac, 24.Jun.2021) — Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will...
(Woodmac, 10.Jun.2021) — Pressures around climate change and the energy transition are having an impact, says Wood Mackenzie Vice-Chair, Americas, Ed Crooks. The events of May 26, 2021 look like...
(WoodMac, 24.Mar.2021) — According to Wood Mackenzie’s VesselTracker – as of 24 March, one LNG vessel is "trapped” within the canal. The Golar Tundra loaded at Egypt’s Idku on 21...
(WoodMac, 24.Mar.2021) — The Suez Canal blockage has caused the build-up of vessels looking to transit the canal at both the northern and southern anchorages. Wood Mackenzie principal analyst Mark...
(WoodMac, 28.Jan.2021) — Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production,...
(WoodMac, 27.Jan.2021) — 2020 was the year that climate change became a dominant force for commodities. In response, a slew of companies and governments made ambitious net zero commitments. Renewables...
(DPI, 31.Jul.2020) — Oil and gas industry analyst Wood Mackenzie in its recent report stated that compared to other countries with similar circumstances, Guyana’s Stabroek Block fiscal terms ranks well....
(WoodMac, 24.Jun.2020) — According to Wood Mackenzie’s analysis, the oil price crash wiped US$1.6 trillion off the valuation of the global upstream industry. Andrew Pearson, vice president, upstream, said: “This...
(WoodMac, 24.Jun.2920) — Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the impact felt in the gas...
(WoodMac, 2.Jun.2020) — The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7%...
(WoodMac, 14.May.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. While growing working...
(Energy Analytics Institute, Jared Yamin, 16.Apr.2020) — Wood Mackenzie senior analyst Daniel Toleman comments on Arrow Energy's announcement on the sanction of the Surawat Gas Project. "Shell taking FID on...
(WoodMac, 9.Apr.2020) — As OPEC+ agreed at cut of 10 million b/d, WoodMac’s Ann-Louise Hittle said: “A 10 million b/d cut would be very supportive of price over the second...
(WoodMac, 2.Apr.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...
(WoodMac, 23.Mar.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...
(Reuters, 17.Mar.2020) — The recent collapse in oil prices could chop $300 million to $600 million off 2020 exploration budgets in Brazil, which has emerged as one of the world’s...
(WoodMac, 9.Mar.2020) — As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said: “The price collapse could be the trigger for a new...
(WoodMac, 27.Feb.2020) — The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global...
(WoodMac, 7.Nov.2019) — Speaking after this morning’s PSC round, Juliana Miguez, from Wood Mackenzie’s Latin America upstream team, said: “Petrobras has returned to the headlines. One day after it dominated...
(Upstream, Gareth Chetwynd, 26.Sep.2019) — As development on Guyana’s Stabroek block continues apace, it is worth considering that the Liza development took form in an era when low oil prices...
(WoodMac, 27.Aug.2019) — Speaking after BP announced the sale of its Alaska business to Hilcorp in a US$5.6 billion deal, Wood Mackenzie analyst Rowena Gunn said: “The Majors are making...
(WoodMac, 12.Aug.2019) — The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than...
(WoodMac, 7.Aug.2019) — The energy industry has a data problem: Every major exploration and production company collects petabytes of data, but their analysis is limited to their own petabytes. Companies...
(WoodMac, 6.Aug.2019) — Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities across the gas value chain,...
(WoodMac, 10.Jul.2019) — The Dominican Republic today launched its first licensing round, putting 14 blocks across its on- and offshore basins up for bid. The Dominican Republic’s Ministry of Energy...
(WoodMac, 12.Jun.2019) — One of the hottest topics at APPEA was how to use renewables to benefit an upstream business, rather than replace it. At APPEA, Darwin LNG operator ConocoPhillips...
(WoodMac, 10.Jun.2019) — Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park. Greig Aitken, director, corporate analysis, at...
(WoodMac, 22.May.2019) — Sempra Energy and Saudi Aramco today announced their respective subsidiaries, Sempra LNG and Aramco Services Company, have signed a heads of agreement (HOA), which anticipates the negotiation...
(WoodMac, 9.May.2019) — Chevron Corporation today announced that it would not offer a counter proposal to Occidental Petroleum's rival bid to acquire Anadarko Petroleum. Earlier this week, Anadarko said it...
(Woodmac, 7.May.2019) — Implementation of IMO 2020 regulation is just eight months away and its implications will be felt beyond refining and shipping. Wood Mackenzie's Asia Pacific experts weigh in...
(WoodMac, 6.May.2019) — In another bold move in its takeover battle with Chevron for Anadarko Petroleum, on 5 May said Occidental Petroleum entered into a binding agreement to sell Anadarko’s...
(WorldOil, 17.Apr.2019) — Argentina's first national offshore licensing round was held yesterday, April 16, 2019, in Buenos Aires. Of the 38 blocks offered in an open bid round, 18 were...
(WoodMac, 16.Apr.2019) — Following Santos’ announcement on the confirmation of a significant gas resource at Corvus-2 appraisal well, Wood Mackenzie senior analyst Daniel Toleman commented on the results: Based on...
(Wood Mac, 12.Apr.2019) — Water disposal volumes in the Permian Basin are expected to double within the next two to three years, new analysis from Wood Mackenzie shows. As drilling...
(Wood Mackenzie, 2.Feb.2019) — The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have...
(WoodMac, 25.Jan.2019) — CNOOC Ltd announced its strategic plan for 2019, setting a bullish tone for the rest of the Chinese national oil companies to follow. Wood Mackenzie’s senior analyst...
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie...
(Oilprice.com, Tsvetana Paraskova, 23.Oct.2018) — With population of fewer than 750,000 people, Guyana—a neighbor of Venezuela—has always depended on commodities. Sugar, gold, shrimp, timber, bauxite, and rice account for nearly...
(Stabroek News, 6.Sep.2018) — Dear Editor: How could we have billions of barrels of oil in 2018 and not be able to pay our teachers a living wage? The value...
(CNNMoney, Talib Visram, 4.Sep.2018) — The South American country with the smallest GDP is about to burst with oil. ExxonMobil found oil off Guyana’s coast in 2015, and believes the...
(Bloomberg, Amy Stillman, 14.Aug.2018) – By most financial measures, Mexico’s state oil company is seriously unwell. The country’s new leader is promising to revive it. But the treatment could end...
(UPI, Daniel J. Graeber, 23.Jul.2018) – The size of a reservoir off the coast of Guyana is "massive," the CEO of Hess Corp. said Monday after a multi-million barrel revision...
(Wood Mackenzie, 12.Jul.2018) – Italian major Eni won its third consecutive Most-Admired Explorer title, an accolade awarded in conjunction with Wood Mackenzie's industry-leading annual Exploration Survey. Eni's chief exploration officer,...
(Seeking Alpha, Carl Surran, 1.May.2018) – Exxon Mobil defends its oil production contract with Guyana after the International Monetary Fund recommended the country rewrite its tax laws to increase its...
(Energy Analytics Institute, Ian Silverman, 28.Feb.2018) – The Liza discovery was the largest oil discovery in 2015 and has significantly de-risked the Cretaceous Tertiary play, proving the existence of a...
