Nigeria’s bold strategy to double oil production

• 16 June 2025

Nigeria is setting bold new targets for oil and gas production - but can fresh investment, policy shifts and industry collaboration turn ambition into reality?

US Lower 48 upstream: the US Majors’ long-term strategic advantage

• 17 July 2025

Big Oil is looking to strengthen upstream production in the mid- to long term as belief grows in stronger-for-longer oil demand. How to go about it depends on the company’s starting point and risk appetite.

Pressure builds on US energy tax credits

• 28 February 2025

US energy policy is shifting - what does it mean for renewables, oil and gas?

OPEC+ plans to boost oil production

• 07 June 2024

The OPEC+ countries are taking on the delicate task of trying to raise oil production without crashing the market. They are starting cautiously, but the global economic outlook holds plenty of downside risks for demand and prices.

Big Oil commits to dividends in troubled times

• 30 October 2020

The US and European majors showed how cash distributions are a crucial part of their appeal to investors in the energy transition

Upstream Oil & Gas: Latest Thinking

• 29 June 2017

Explore the latest thinking in upstream exploration and production at Wood Mackenzie, including oil and gas industry trends, news, insights and more.

Nigeria’s 2020 Marginal Field Bid Round

• 09 September 2017

Get an independent view and comprehensive analysis of the relative commercial attractiveness of Nigeria’s marginal fields

Crude Cargoes Emissions Tool

• 04 July 2022

Allows you to calculate CO2 emissions along the crude value chain to give an aggregated view across the lifecycle for a specified cargo.

How hard will the oil price crash hit APAC upstream investment?

• 19 March 2020

Fast, deep cuts lie ahead in the Asia Pacific upstream sector in the wake of the oil price crash.

Webinar | Collapsing demand sets the terms in the battle for market share

• 07 April 2020

The global oil market has been hit hard with collapsing demand while OPEC+ abandoned its production restraint and supply began rising. Topics will include: • The outlook for global oil demand in 2020 – how low can it go? • China demand is stabilizing – Will US and Europe follow that path? • The impact of low oil prices on US Lower 48 • OPEC and non-OPEC supply: What is up and what is down • Implications for 2020-2021 oil prices

US upstream: what to watch for in 2017

• 23 January 2017

We present five of our predictions for 2017, focusing on the US upstream industry.

Below zero: what the WTI crash means for US and global markets

• 21 April 2020

On Monday, April 20, WTI dipped to minus $37.63, collapsing under the weight of global oversupply and sharply reduced demand due to the Covid-19 pandemic. We asked our experts on supply and demand dynamics, infrastructure, and financial markets to shed light on these historic numbers and discuss what we can expect in the near and longer-term.

Global power demand surge puts net zero by 2050 out of reach as world heads toward 2.6°C warming

• 29 October 2025

Surging power demand and mounting geopolitical tensions have made 2050 net zero goals unattainable, with the world now on track for 2.6°C of global warming.

How NOCs compare with IOCs on energy transition strategy

• 12 October 2023

There’s more than one route to resilience and sustainability

North America Company & Play Analysis Tool

Pull apart company value data and forecasts to benchmark regions, plays and operators on the metrics that matter.

How will oil and gas companies get to Scope 3 net zero?

• 27 October 2022

Only ten major oil and gas companies have set Scope 3 net zero ambitions – so far three broad business models for dealing with this complex challenge are emerging.

Dominican Republic launches first licensing round

• 10 July 2019

The Dominican Republic today launched its first licensing round, putting 14 blocks across its on- and offshore basins up for bid.

NOCs begin a new phase of upstream internationalisation

• 23 October 2025

How are the world’s leading NOCs reshaping their upstream strategies? Explore what’s driving their next wave of international expansion

Can conventional oil projects compete with L48 oil?

• 14 March 2018

US tight oil has arrived with a bang, disrupting the oil market. But can conventional oil projects compete? Our latest report looks at where tight oil and other pre-FID conventional projects sit on the global cost curve.

What's behind Libya's production boost?

• 20 October 2017

Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.

Webinar | From molecules to electrons: Trump 2.0 and the impact on the energy transition

• 03 December 2024

The 2024 US election result and an incoming Trump 2.0 administration arrive at a pivotal moment for the energy transition. As policies and priorities shift, their impact will ripple across the energy and natural resources sectors. This webinar mini-series dives into the heart of these changes, offering expert insights into how the outcomes could redefine the energy landscape. The mini-series consists of two webinars: molecules (oil, gas/LNG, carbon, hydrogen, and sustainable fuels) and electrons (renewable electricity, batteries, electrified transport, power markets and grid innovations).

Could Big Energy and miners join forces to deliver a faster transition?

• 23 May 2022

Could extractive companies co-invest or combine with oil and gas Majors to help unlock the energy transition?

Petrobras kicks off Marlim revitalisation project in Brazil

• 23 May 2023

Market activity is picking up for Petrobras – developments are moving forward quickly, while exploration remains slow.

Energy companies seek answers amid US tariff uncertainty

• 07 March 2025

The evolving US tariff landscape is creating uncertainty across industries, especially in energy, with fluctuating import tariffs impacting global markets and forcing businesses to adapt.

Shell 'to be net-zero company by 2050'

• 16 April 2020

Commenting after Shell announced its intention to become net-zero company by 2050, Luke Parker, vice president, corporate analysis, at Wood Mackenzie, said: “This is an evolution of the net carbon footprint ambition that Shell unveiled in November 2017.

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

• 10 July 2019

French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

UK's 32nd Offshore Licensing Round

• 08 September 2020

The UK's 32nd Offshore Licensing Round can be considered a success, but what is the future of licensing in the UK North Sea?

Can the Iraq-Turkey pipeline logjam be cleared?

• 20 November 2023

A restart to Iraqi oil exports via Turkey is more than just a pipedream, but obstacles remain.

Emissions crackdown could fast-track Australian CCS projects

• 06 April 2023

A revision to the Safeguard Mechanism, legislation that requires Australia’s largest emitters to cut direct emissions (known as Scope 1 emissions,) could trigger a spike in carbon, capture and storage (CCS) projects in the region, says Wood Mackenzie.

Marathon's US$700 million Delaware bolt-on acquisition

• 30 March 2017

On March 21, Marathon bought 21,000 net acres in the Delaware Basin for US$700 million from Black Mountain Oil & Gas and other private sellers. The deal comes soon after Marathon entered the Permian through a US$1.1 billion deal with BC Operating. In our latest Insight, our analysts examine the deal and weigh the potential risks and benefits of expanding Marathon's acreage.