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Scope 1 and 2 upstream emissions intensity has declined 12% since 2017, however, absolute emissions could plateau due to production growth, according to a new report from Wood Mackenzie.
Pre-salt acreage offered in Brazil’s 2019 exploration bid rounds will attract big spenders. Asian NOCs may seek to diversify supply in midst of uncertainty.
Will this deflationary period last?
Brazil pre-salt 2019 bid rounds are approaching. Wood Mackenzie analyses acreage on offer, including four massive discovered resource opportunities (DROs).
As we near the mid-point of 2019, we focus on three exciting North Sea exploration areas to discover how the industry is continuing the upward global trend.
Pohokura is one of the main sources of domestic gas in New Zealand. The offshore gas-condensate field lies on a geological trend with the onshore Turangi and Mangahewa fields. Pohokura's development was accelerated after Maui's gas production peaked. The development includes a shallow water platform, and extended-reach onshore wells connected to the onshore Pohokura production station in Motunui.
The Thang Long and Dong Do fields lie in the shallow waters of the Cuu Long Basin, about 160 kilometres east from the southern province of Ba Ria - Vung Tau. The fields were operated by the Lam Son JOC (PetroVietnam 50%, Petronas Carigali 50%), and have been developed via two wellhead platforms connected to an FPSO. Other development scenarios were ruled out due to Dong Do's heavy and sour crude,…
What's going on at #OTC50? Wood Mackenzie research analysts offer their live reactions to the buzz at the 50th Offshore Technology Conference in Houston. Follow live updates #WOODMACLIVE.
The Permian is being industrialised – fact. Chevron and ExxonMobil aggressively raised production targets this week, underlining the basin’s potential for growth.
The call for action to cut carbon emissions is intensifying. How will oil and gas companies respond to pressure, while continuing to grow and meet growing demand? Simon Flowers examines the issues at play.
Final Investment Decisions (FID) in 2017 more than doubled from 2016. We look at the cost cutting that has led to the jump and which projects are likely to get sanctioned next year.
Ashima Taneja discusses exploration results in Asia Pacific in 2017 and highlights the key wells to watch in 2018 with Angus Rodger, Research Director and Matthew Howell, Senior Analyst.
With capital scarce, terms must be attractive to win new investment.
Ben Shattuck, Principal Analyst and upstream expert, discusses the winners of our inaugural "Permian Upstream Awards."
Production from the seven most advanced developments in the Vaca Muerta play is expected to increase by 43% in 2017 to 77 kboed, and to double 2016 levels by 2018.
Much has been achieved in the past year, as we see prices and costs slowly turning around. But there is more work to be done. Use our 2016-2017 Global Upstream Cost Survey to understand North Sea cost evolution from 2014 to 2020.
As operators and the supply chain adapt to challenging market conditions, we explore the five trends that look set to dominate the offshore service sector this year and beyond.
Global oil demand is in for a year of strong growth but even small changes to our forecast could have major implications for price.
The downturn has resulted in significant cost savings which should stimulate activity as the oil price starts to recover.
Listen to our webinar to discover the impact of fiscal terms on project economics when oil prices are low.
What can the industry do to give their projects the best chance of being delivered successfully? Our analysis points to six key factors that in most recent cases combined to create better execution.
What does 2020 have in store for oil markets? Expect turbulence as a host of factors come together: geopolitical risks persist, the hotly-anticipated IMO 2020 marine sulphur fuel regulations take effect, and US tight oil production growth is expected to slow.
While political and regulatory uncertainty remains a major question going forward, what can we expect in the year ahead? Newer energy policy could potentially lower gas-to-power demand, pipeline debottlenecking could boost regional gas markets.
2020 will prove to be the most pivotal year yet for European gas as the industry wrestles with transit arrangements against an increasingly oversupplied market. Meanwhile, the ambitions set out in the new European Green Deal cast considerable doubt over the long-term prospects for gas in Europe's energy mix.
International gas and LNG prices have collapsed. For most of 2019, the global market has seen improving gas supply and intense supplier competition result in lower prices. What does this mean for Australia's east coast gas market?
Tom Ellacott and Max Petrov share their thoughts on ExxonMobil’s Norway exit and the wider implications for the company.
The Supermajor ExxonMobil and Chevron plan to sell US$15 billion of assets in its rationalisation programme. But is this ambitious enough? Get our analysis of the assets up for grabs.
Latin America is the hotspot for deepwater project and exploration activity. As more top companies take a risk on exploration plays in the region, what challenges lie ahead?
In Norway, interest in the sector is still high, but in the UK, the lowest number of exploration wells for 50 years and another 20% drop in capex point to a deeper malaise.
In this month's episode of the MENA in Brief podcast, Ian Thom and his guests discuss unconventional gas project announcements in Saudi Arabia and UAE.
How will the oil price crash affect the embryonic energy transition efforts of oil and gas companies? Renewable energy economics suddenly look far more attractive.
The great LNG pushback has started and US supply is out of money. What does this mean for Asian buyers?
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