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Merger creates US$24 billion company that will be the biggest player in US shale gas
The Middle East is faced with a significant challenge – building a new energy economy means accelerating nascent diversification efforts and pushing towards ambitious net zero goals.
We analyse whether ExxonMobil's CCUS projects in the US can compete for capital in its portfolio
Are efficiency gains enough to offset price inflation?
As CO2 to dedicated sequestration (CCS-Storage) rises in popularity, captured CO2 for enhanced oil recovery (CCS-EOR) falls out of favour. What does the future look like in the world of carbon capture technologies?
The Weizhou area includes over 20 oil fields in the Beibu gulf, 100% owned by CNOOC. The development started in the early 1980s, with Weizhou 10-3/10-3N onstream in 1986. This was followed by the startup of Weizhou 11-4 and Weizhou 12-1 in 1993 and 1999, respectively. CNOOC brought 5 fields onstream in the 2000s and another 10 in the 2010s.
The Polaris field has been developed as a satellite of Prudhoe Bay, within the Prudhoe Bay Unit on Alaska's North Slope. The field has been producing since 1999 and is currently operated by Hilcorp. Polaris is located above the Sadlerochit reservoir on the western edge of the Prudhoe Bay Unit and is a viscous oil accumulation. The field uses the existing Prudhoe Bay facilities.
From gas opportunities to supply-chain relationships and deepwater exploration, our global update covers key industry developments.
The refining industry ranks as the third largest contributor to global greenhouse gas (GHG) emissions from stationary sources, placing it at the centre of the energy transition and net zero efforts.
Canada's production growth carries on. But there are important nuances underneath total volume numbers.
From the prospect of a new wave of US LNG investments to the potential impact of the Ukraine transit deal expiration.
Our subsurface experts recently published the latest edition of WoodMac’s Geothermal Market Update, which provides comprehensive insight into project and policy developments in the sector.
Our Carbon Offset Market Outlook presents Wood Mackenzie’s base case scenario for the evolution of the offset market through 2050.
Despite the country’s vast gas resources, demand continues to exceed production.
Will rising demand, new exploration activity and a refresh of government policy bring renewed confidence in Asia-Pacific's upstream industry in 2019? Wood Mackenzie's research director Andrew Harwood shares his thoughts.
Dive into the hydrogen rainbow & explore carbon emissions insights focusing on colour to project-level carbon intensity for companies crafting strategies.
Discover how the oil & gas industry is taking on the challenge of methane emissions. Explore impacts and the path to a more sustainable future.
Upstream development spend is barely half its 2014 peak, leading to the belief that the industry is underinvesting, and that a supply crunch is inevitable. But is that the reality?
War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. Read more.
We showcase research and analysis from some of our most accomplished and influential women in energy and natural resources. Meet some of the many outstanding women we're proud to work with – and explore their latest thinking.
Between the existential crisis of the energy transition and the impact of a global pandemic, it's been a challenging year for upstream oil and gas industry.
Please join our experts as they cover key themes in Africa Upstream on 31st May 2023
Join our webinar on the 13th February as we discuss the outlook for America Upstream oil and gas
Can gas be the key to a lower-carbon future? Our expert panel explores its role in the energy transition and what’s needed to unlock its full potential.
Watch the Horizons Live replay as industry experts analyse how the upstream sector can meet rising oil and gas demand amid a delayed energy transition. Discover insights on investment needs, supply challenges, and the impact on global energy markets.
Transitioning to a net zero global economy is a monumental investment challenge. Meeting the challenge, already an outside bet, will have to happen against a less favourable monetary backdrop than the world has been used to since 2009. This month's Horizons live panel discuss the cost of investing in the energy transition in a high-interest-rate era.
The UK has a renewed focus on accelerating its energy transition and bold plans to create a clean energy superpower. But net zero by 2050 is not yet on course.
The recent run up in natural gas prices - hitting its highest at Henry Hub since 2008 - is a result of more muted market balancing mechanisms than in the past, say analysts from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
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 about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.
Wood Mackenzie’s Global Energy Summit Upstream Focus Day has addressed some of the biggest issues facing the industry.
Wood Mackenzie experts comment on the recently announced Australia Budget 2021.
OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.
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