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Deeper OPEC+ supply cuts sends supportive signal to markets
- 06 December 2019
After a marathon meeting, running late into the night of 5 December, the OPEC+ group has agreed to continue its current production restraint of 1.2 million barrels per day (b/d), and will add a further 0.5 million b/d of supply cuts through to March 2020.
Comment
Brazil’s PSC Round 6 disappoints as Petrobras lodges sole bid
- 07 November 2019
Speaking after this morning’s PSC round, Juliana Miguez, from Wood Mackenzie’s Latin America upstream team, said: “Petrobras has returned to the headlines. One day after it dominated the Transfer of Rights Surplus round, the NOC placed the only bid of today’s auction."
Comment
TechnipFMC demerger 'a bold step to reposition for the long-term'
- 27 August 2019
In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.
Comment
ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio
- 13 August 2019
Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.
Comment
Jethro-1 delivers the goods for Tullow
- 13 August 2019
The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than 100 million barrels of recoverable oil, subject to appraisal.
2306 related products from the Store that match
- Asset Report
  SK410B (LNG)
  - 13 November 2025
  SK410B is a shallow water block, located approximately 90 km offshore Sarawak. In June 2019, PTTEP discovered the giant gas field, Lang Lebah, the company's largest operated discovery. Lang Lebah's gas has CO2 concentration of 13% and a sulphur content of 14,000 ppm, requiring a CCS solution. The operators are struggling to sanction the project, challenged by high development costs and tough…
- Asset Report
  Wenchang Area
  - 13 November 2025
  The Wenchang Area complex, includes several oil and gas fields and is located in the Western South China Sea, 300 kilometres southwest of Hong Kong. The Haiyangshiyou 116 floating production storage and offloading (FPSO) serves the region. The Wenchang 19-1, 14-3, 8-3 and 15-1 fields were developed by five wellhead platforms, two at Wenchang 19-1 and one each at the other three fields. The…
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News Release
WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector
- 15 July 2019
Wood Mackenzie, the global natural resources research consultancy, announces today its partnership with P2 Energy Solutions to better analyse current and future well spacing.
News Release
New pipeline needed to meet surge in demand for Permian crude
- 08 July 2019
Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.
News Release
OPEC+ aims for balance as it rolls over output curbs
- 02 July 2019
Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."
News Release
Comstock takes Haynesville lead with US$2.2bn Covey Park deal
- 11 June 2019
Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.
News Release
Montney total production to increase by 16% in 2019
- 16 May 2019
Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day (bcfe/d) in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie.
Comment
BP’s US$6bn Azeri Central East project gets the nod
- 19 April 2019
BP and partners have taken a final investment decision (FID) on the Azeri Central East (ACE) platform, the latest phase at Azerbaijan's super-giant Azeri-Chirag-Guneshli (ACG) oilfield. The US$6 billion project will be one of the biggest upstream FIDs of the year.
News Release
Brulpadda delivers the goods for Total
- 07 February 2019
French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.
News Release
Big Data adds up to big savings for upstream players
- 12 November 2018
The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.
Comment
Total hits the jackpot at Glendronach
- 24 September 2018
Total has made a major gas discovery in the UK's West of Shetland region, hitting an estimated 1 trillion cubic feet of gas
Comment
BP seals asset swap with ConocoPhillips
- 04 July 2018
BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips
Comment
Mexico's new president: Energy future at a crossroads
- 02 July 2018
After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.
News Release
Exploration industry eyes a brighter future at EAGE
- 12 June 2018
In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.
News Release
Chinese shale gas production to almost double in two years
- 17 April 2018
Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells and 9 bcm of production last year. In its latest analysis, Wood Mackenzie projects Chinese shale gas production to almost double to 17 bcm in 2020.
News Release
Upstream FIDs pushes on with lower costs
- 05 April 2018
As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.
News Release
Latin America to buck global exploration trend in 2018
- 22 January 2018
Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.
News Release
Deepwater Gulf of Mexico stages a comeback in 2018
- 05 January 2018
The U.S. deepwater Gulf of Mexico sector has struggled since crude dropped in late 2014. However, as costs finally settle at a bottom and operators set a new standard for operational efficiency, 2018 might just be a turning point for the sector.
News Release
The Australian energy crisis highlights the need for new gas supply
- 29 August 2022
With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals
News Release
Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following
- 01 September 2022
High natural gas prices will continue to drive down European demand to seven percent below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, in line with the five-year average, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
News Release
US Gulf of Mexico Lease Sale 259 shows optimism for the region
- 29 March 2023
The US Gulf of Mexico region-wide Lease Sale 259 held today attracted 353 bids from 32 companies, with high bids totalling US $264 million. The amount of activity surpassed the previous lease sale spend in 2021, demonstrating optimism for the region, according to Wood Mackenzie analysts.
News Release
Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks
- 18 November 2024
Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.
News Release
World heading for a 3°C warming trajectory, as political headwinds slow the energy transition
- 02 May 2024
A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.
News Release
Cenovus-MEG Merger Continues Oil Sands Consolidation Trend
- 22 August 2025
Addressing the announced merger agreement between Cenovus and MEG, Mark Oberstoetter, head of Americas (non-L48) Upstream Research for Wood Mackenzie, said "This deal will combine top-performing assets in the same region and is a continuation of the consolidation trend we have seen in the oil sands."
Editorial
Permian basin GOR: recalibrating US gas production models
- 09 July 2019
Rising Permian gas-to-oil ratios hold huge implications for the US gas production outlook. Natural gas pipelines, flaring and Waha basis are all impacted.
Editorial
Offshore exploration: Does volume equal value?
- 02 July 2018
In our final video instalment of this three-part exploration series, Research Director Julie Wilson illustrates how Wood Mackenzie's tools can help evaluate subsurface risk and benchmark your peers.
Editorial
Could a bidding war erode Brazil's pre-salt value?
- 27 March 2018
Aggressive pre-salt bids could risk play’s economics in Brazil. What will the government do to mitigate this risk?

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Search results: 1428

Deeper OPEC+ supply cuts sends supportive signal to markets

Brazil’s PSC Round 6 disappoints as Petrobras lodges sole bid

TechnipFMC demerger 'a bold step to reposition for the long-term'

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

Jethro-1 delivers the goods for Tullow

2306 related products from the Store that match

SK410B (LNG)

Wenchang Area

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

New pipeline needed to meet surge in demand for Permian crude

OPEC+ aims for balance as it rolls over output curbs

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

Montney total production to increase by 16% in 2019

BP’s US$6bn Azeri Central East project gets the nod

Brulpadda delivers the goods for Total

Big Data adds up to big savings for upstream players

Total hits the jackpot at Glendronach

BP seals asset swap with ConocoPhillips

Mexico's new president: Energy future at a crossroads

Exploration industry eyes a brighter future at EAGE

Chinese shale gas production to almost double in two years

Upstream FIDs pushes on with lower costs

Latin America to buck global exploration trend in 2018

Deepwater Gulf of Mexico stages a comeback in 2018

The Australian energy crisis highlights the need for new gas supply

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

US Gulf of Mexico Lease Sale 259 shows optimism for the region

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

Cenovus-MEG Merger Continues Oil Sands Consolidation Trend

Permian basin GOR: recalibrating US gas production models

Offshore exploration: Does volume equal value?

Could a bidding war erode Brazil's pre-salt value?