Continental off the shelf with Permian Basin purchase from Pioneer

• 08 November 2021

Continental Resources has entered the Permian Basin by buying Pioneer Natural Resources’ Delaware Basin assets for US$3.25 billion in cash.

M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

Woodside announces Trion field FID, Mexico’s first deepwater oilfield development

• 22 June 2023

Addressing Woodside’s announced final investment decision (FID) of Trion field, Diego Alviso Becerril, Senior Research Analyst, Upstream Research LATAM, said “This will be Woodside’s first incursion into Mexican waters and Mexico’s first deepwater oil field development. With first oil scheduled for 2028, the development concept considers a US$7.2 billion investment to recover 479 million barrels of equivalent (mmboe).”

Australia’s gas conundrum

• 19 March 2021

While it may well claim the crown of world’s largest LNG exporter in 2021, Australia faces rising problems with its gas.

Middle East and North Africa upstream: 5 things to look for in 2024

• 10 January 2024

With COP28 recently completed in the UAE, there is elevated interest in progressing diverse clean energy strategies in the MENA region.

WoodMac’s Gas, LNG & Future of Energy conference – five key takeaways

• 17 November 2023

Wood Mackenzie hosted its first Global Gas, LNG and the Future of Energy conference featuring keynote speakers from across the industry. These are our five key takeaways from the event.

Why investors may have Nigerian upstream assets in their sights

• 18 August 2021

Brownfield investment opportunities are emerging in Nigeria as international oil companies accelerate energy transition strategies and divest non-core assets.

Sub-Saharan Africa upstream: 5 things to look for in 2025

• 07 January 2025

From exploration in the deepwater Atlantic margin to LNG momentum and licensing rounds, a look at key themes this year.

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

• 16 August 2023

Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

OPEC+ set to make its choice

• 05 December 2019

OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”

Domestic UK oil & gas can reduce reliance on energy imports

• 07 April 2022

High commodity prices and Russia's invasion of Ukraine have called into question the UK’s reliance on energy imports. In response, the UK government is set to unveil a new ‘energy security strategy’.

Wood Mackenzie's accelerated energy transition 2-degree scenario: what it means for gas and LNG

• 09 April 2021

How could a 2-degree world play out in the future for the global gas and LNG markets?

What a second Trump term could mean for US oil and gas

• 12 January 2024

If he wins a second term, former President Trump will aim to boost US oil and gas output. It will be easier to raise demand than supply.

Africa’s energy crossroads: insight from Gavin Thompson

• 07 October 2025

From Nigeria to Namibia, how policy reforms, infrastructure, and gas monetisation are shaping Africa’s energy future..

Simple complexity – the future of the upstream supply chain?

• 16 April 2019

After an extremely challenging few years, could there be light at the end of the tunnel for the upstream supply chain? Read on to find out more about an industry desperately playing catch up.

Webinar | Delivering CCUS potential in APAC: Policy efficacy and ecosystem dynamics

• 24 April 2024

Join us at our webinar in partnership with the Asia CCUS network where we discuss CCUS policy efficacy and ecosystem dynamics in APAC.

Webinar | Global Oil Market Implications

• 09 March 2020

Rapidly reacting to the oil market price crash, our experts discussed the immediate drivers influencing the market today and what we expect to happen as this continues to unfold. Our Vice Chair - Americas, Ed Crooks was joined by a panel of Wood Mackenzie’s experts to discuss: Immediate repercussions of the OPEC+ group failing to reach a deal Lessons learned from previous oil price crashes - what's different this time? The Lower 48 fallout - what happens next? The Corporate response - what does it mean for the industry's biggest players

Webinar: What oil supply is at risk of shut in?

• 09 April 2020

During the last downturn in 2015/16 supply was relatively unaffected. Even the highest cost wedges kept producing; the associated shut-in costs were deemed too high. But prices only dipped below US$45/bbl for a year, and below US$35/bbl for one quarter. Storage levels were of less concern. There is no precedent for the scale of potential shut-ins for today’s asset classes, if oil prices remain low for a prolonged period. The industry’s ability to keep higher-cost barrels flowing is being severely tested. This downturn, there could be a significant impact on currently producing fields as well as future supply.

Webinar: Oil price crash: navigating the impact on activity, supply chains and cost

• 08 April 2020

In this webinar we bring together experts from Wood Mackenzie’s Lower 48, upstream and upstream supply chain teams as well as our sister company, Power Advocate, to discuss the impact of the oil price crash on activity levels, the service sector industry and costs.

Webinar | Oil price crash: fiscal responses

• 30 April 2020

Oil price crash: what next for fiscal terms? Petroleum investors, producers, suppliers and governments are coming together to try and find solutions to the current industry crisis. The oil revenue cake that they all feast on has shrunk, dramatically.

Webinar | Global exploration before and after Covid-19

• 28 May 2020

Our annual survey of the global exploration industry, conducted largely before coronavirus hit and the oil price crashed, showed signs of cautious optimism. Despite the threat posed by the energy transition, explorers were looking forward to another 30 years of exploration. There was, however, a keen awareness of the challenges ahead – the fight to remain investible, the need to increase capital efficiency and the opportunities and risks presented by deepwater exploration. Join us for a webinar discussing the results on the 2020 survey both in the context of the pre-COVID-19 view and in light of the new world we live in. We’ll cover which exploration companies stood out from the pack in 2019, the changing focus of explorers and the role of exploration in today’s energy companies.

The complexity of capital allocation for oil and gas companies

• 10 October 2024

The slower pace of the energy transition is influencing Big Oil’s capital allocation. What share of cash flow is the industry re-investing? How much will upstream spend rise in 2025? Why have NOCs become the biggest spenders on low carbon?

COP28 key takeaways

• 14 December 2023

The challenges in accelerating the energy transition

How Africa maximises its oil and gas riches

• 14 October 2022

The upstream industry in Africa is thriving. Giant oil discoveries in the last two years add to a positive investment outlook that's the envy of other oil and gas provinces. What can African governments do to maximise the value of their resources?

Oil in a decarbonising world

• 22 September 2022

What is the trajectory of oil demand in a world that’s decarbonising and how will that influence prices?

Exploration’s star is rising

• 07 April 2022

High-impact exploration has kept a low profile over the last decade. Will the need for the global economy to diversify away from Russian oil and gas breathe new life into exploration?

The Majors’ accelerating tilt to new energy

• 02 December 2021

Big Oil is determined to show it’s part of the solution for climate change. How much has investment in new energy ramped up, where do CCS and hydrogen fit in, and when will spend on low carbon catch up with oil and gas?

Exploration - where less can be more

• 20 November 2020

How capital discipline led a return to value creation

How to stay investible – the oil industry’s challenge

• 05 November 2019

Big Oil faces sluggish oil demand, weak gas prices, the energy transition and the implications of next year’s US Presidential election. How can Big Oil stay investible in this environment?

The new wave of internationalising NOCs

• 04 June 2019

Oil and gas producing giants, Rosneft, Saudi Aramco and Qatar Petroleum, broaden their growth options with new international investments. Get Simon's analysis of what's driving the trio's moves.