The case for investing more in exploration

• 25 September 2018

The industry isn’t finding enough oil. We need more Guyanas, a lot more, and we need them soon. Without them, the oil market is in danger of tightening in the not too distant future.

Improving upstream performance and winning over investors

• 27 February 2018

Delivering production growth after three years of low oil prices is an achievement, and combined with higher oil prices, was the primary factor behind good upstream earnings.

Growing pains – diminishing returns from tight oil wells

• 07 November 2017

US tight oil’s second phase of growth is well underway. We expect tight oil production to double from 4.7 million b/d today to around 9.5 million b/d in the mid-2020s – and our view is by no means the most bullish.

Digitalisation’s place in upstream’s future

• 21 September 2017

The biggest current recruiter in upstream? Digitalisation, by a distance. Technology is already playing a part in downstream’s recovery from its lows a few years ago.

OPEC underpins oil markets into 2018 - green light for tight oil growth

• 29 May 2017

The firmer oil price we expect can only embolden the already resurgent US tight oil industry which is on course to displace the 1 million b/d OPEC has cut within the year. Three main aspects of the decision stand out.

The shrinking scale of greenfield oil and gas projects: slowing growth prospects outside the L48 bubble

• 26 January 2017

Despite the uptick in numbers, investment in greenfield conventional projects is stuck at a low ebb.

Going digital in upstream - seizing technology-led structural cost cutting opportunities

• 16 January 2017

Digital technology has a major part to play in the next stage of structural cost reduction, but oil and gas production is far removed from the leading edge of the 21st century tech revolution.

Global upstream investment – set to rise in 2017

• 08 December 2016

Chief Analyst Simon Flowers expects prices to rise and US tight oil to lead the industry out of the downturn.

For a few dollars more – OPEC’s shifting stance

• 13 October 2016

OPEC’s plan for production cuts signals a desire to support prices, even if the battle to wrest control of the market seems barely half won.

Majors' capital allocation in a stuttering energy transition

• 03 March 2025

As energy transition challenges mount, oil and gas Majors are pivoting back to upstream - while NOCs step up their low-carbon commitments. What does this mean for the industry's future?

How AI can unlock an extra trillion barrels of oil

• 15 October 2025

How much new oil is needed? Can AI analogues help unlock the additional barrels and close the supply gap? Will AI make subsurface teams redundant?

Energy Pulse: in brief (29 September)

• 29 September 2023

The Biden administration plans the "fewest offshore oil and gas lease sales in history", and the rest of the week’s key energy news.

Ten predictions for 2023

• 16 December 2022

After a tumultuous year, Ed looks ahead to 2023 with a selection of Wood Mackenzie analysts predictions

Predictions for 2022

• 17 December 2021

2022 could see rising carbon prices, greater distributed solar capacity, tighter supply chains for renewable energy and a double-digit market share for EVs.

Plugging the methane leaks

• 29 October 2021

The Biden administration and key members of Congress are in negotiations over legislation that could include a new fee on methane emissions from US oil and gas facilities. If it passes into law, the fee would have a widely varying impact across regions and across companies.

President Biden aims for higher employment and lower emissions

• 01 April 2021

Two announcements this week showed the administration attempting to deliver on its promise that a key goal of climate policy is job creation.

OPEC+ strikes a deal to avoid oil glut

• 04 December 2020

The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.

Negative prices reveal the crisis for US oil

• 24 April 2020

The most-watched US crude futures fell below zero on Monday, in a sign of the extreme conditions facing the industry

The coronavirus crisis: assessing the impact on energy

• 27 March 2020

Demand for oil, gas and power is recovering in China, but falling sharply in the rest of the world. The coronavirus pandemic has already had a profound impact on energy, with oil prices plunging and companies taking an axe to their capital spending plans. But the implications of the crisis are only just starting to emerge.

Emissions Benchmarking Tool

The Emissions Benchmarking Tool provides transparency at the asset and corporate level for Upstream, Downstream and Metals & Mining.

Biofuels Production Monitor

Real-time renewable and biodiesel production alerts for key facilities across North America.

Energy transition outlook: Middle East

• 18 February 2025

Energy transition progress slows in our latest update – but uncertainty around pace and duration pushes the Middle East to prioritise resiliency.

Crude For Thought

• 11 December 2018

Join our experts for a sometimes unconventional perspective on unconventionals and upstream as a whole.

Webinar | Extracting value from CCUS: how does it work?

• 26 February 2024

Join Wood Mackenzie on February 26th, 2024, for an introduction to CCUS project valuations.

Webinar | How are project economics defining the CCUS landscape?

• 29 April 2025

Join Wood Mackenzie on 29th April, 2025 for a discussion and analysis of CCUS project economics and their effects on the global CCUS market.

Upstream oil and gas Insights

• 03 October 2017

Discover broad and deep upstream sector insight that spans 3 million wells, 266 plays, and over 120 companies, supported by 40 years of detailed data.

Horizons Live: Scraping the barrel

• 07 March 2023

On this Horizons Live replay, Simon Flowers, Chairman and Chief Analyst, is joined by Andrew Latham, Vice President, Energy Research and Ann-Louise Hittle, Head of Macro Oils to discuss whether the world is running out of high-quality oil and gas.

CCS could have material impact on carbon emissions of LNG projects

• 25 August 2021

The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie,

Nigerian lawmakers pass petroleum bill – but there is still work to do

• 02 July 2021

Speaking after the Petroleum Industry Bill (PIB) was passed by the Nigerian National Assembly on 1 July, Mansur Mohammed, head of West Africa content on Wood Mackenzie’s sub-Saharan Africa upstream research team, said: “The Senate and House each passed different versions of the bill, which will now require reconciliation before it is sent to the president for assent into law. So there is still outstanding work to do before the PIB becomes law, but we see momentum behind the bill.”

Carbon removal key to meeting Paris Agreement target

• 24 June 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 be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.