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The decision provoked some anger in the US. But the actual production cut is smaller than the headlines imply, and is coming as global demand for oil is faltering.
Can the hosts make good on their accelerated energy transition goal?
It was a fascinating and unpredictable year for energy and commodities. Take a look at our top 10 most popular articles from the year.
A better understanding of carbon capture, utilisation and storage (CCUS) costs is needed before the technology can become a commercial reality on a truly global scale.
A month into the role and Nigeria’s new president, Tinubu is already having a significant impact on the economy
Statfjord Nord lies 17 kilometres to the northeast of the main Statfjord field. The field was developed using three subsea templates tied back to the Statfjord C platform. Water injection is used for pressure maintenance in the reservoir. The Statfjord Nord, Statfjord Øst and Sygna fields are all tied back to the Statfjord C platform for processing, storage and export.
Statfjord Øst is located 7 kilometres to the northeast of the Statfjord field. It was one of the first subsea developments in Norway. It has been developed using three subsea templates tied back to the Statfjord C platform. Two of the templates are used for production and the third is for water injection. Gas and NGLs from Statfjord Norway and its satellites can be exported via the Tampen Link, to…
COP28 could see momentum gather behind methane abatement action.
Argentina’s new president is committed to privatisation and deregulation, but first inflation must be tamed.
Carbon markets experienced both development and challenges in 2023 but what will 2024 bring?
First up in this series, we tackle some of the most frequently asked questions surrounding emissions
Next up in this series, we tackle some of the most frequently asked questions surrounding carbon offsets
The third part of the series explores CCUS, which is set to play an integral role in decarbonisation
ESG may have lost its lustre, but the issues haven't gone away.
Divestment by the majors creates an opportunity for domestic producers to increase market share
Asia Pacific had a year of continuous LNG demand recovery in 2024 - what will 2025 bring?
The impact of Chinese EVs, ambitious NOCs, the Saudi storage boom and more, as Wood Mackenzie analysts look ahead to next year
New projects in countries that impose a high fiscal burden appear significantly less competitive in the corporate portfolio.
Emerging regulations and mandatory reporting requirements are pushing the oil and gas industry to address the long-overlooked challenge of Scope 3 emissions.
With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.
After a tumultuous 2020, what will shape the energy world in 2021? We look at five themes to watch – economic boom, action on climate change, oil demand, industry finances and upstream investment.
Join our webinar on the 2nd December as we discuss the global deepwater state of the industry
In Wood Mackenzie’s 2018 Global Upstream Cost Survey the message was clear: across the industry cost increases are coming back.
Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks.
Discover recent activity, identify trends, assess value and highlight critical issues in North America's key plays.
The Carbon Capture, Utilization and Storage (CCUS) Conference is on October 7-8 2026 in Houston, TX where you will have the opportunity to hear insight on the global CCUS landscape and why the US stands out. Find out how evolving carbon markets and technology will drive CCUS beyond 2030.
Operators are under growing pressure to optimise portfolios. What are the forces having the biggest impact on decision-making?
With LNG projects among the most emission-intense assets in the oil and gas sector, many companies are now actively working to lower the carbon intensity of their LNG portfolio.
Join our solar experts for a dive into the industry and discover what investment opportunities lie ahead with the industry expected to grow 5x over the next decade.
This particular webinar topic covered the highly awaited exploration bid rounds over the pre-salt blocks on offer in Brazil. On October 16th, our experts shared their perspectives and discussed the licensing bonanza comprising of three rounds scheduled within a month of each other.
During the webinar, Wood Mackenzie experts discussed: 1. Of the pure plays (ex: Cabot), who looks best positioned to weather low prices in the long-term? 2. Hedging portfolios: How much time do they have? 3. Debt: Who is most at risk of breaching a covenant in 2020 in the Appalachia and how do maturities factor in? 4. What actions can operators work towards in the near-term to address these issues?
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