Taking the strain: how upstream could meet the demands of a delayed energy transition

• 16 January 2025

We answer five key questions in this edition of Horizons. Where would the additional oil and gas supply come from? Could the supply chain cope? How much more upstream investment would be needed? How would cost inflation affect the price of oil and gas? And can the industry amend its disciplined approach?​

Jebel Ali gas find ‘largest since 2005’

• 03 February 2020

The announcement of an 80 trillion cubic feet (tcf) find at Jebel Ali, on the border between Abu Dhabi and Dubai, is hugely significant for the United Arab Emirates. Liam Yates, an analyst on Wood Mackenzie’s Middle East upstream team, said: “The find ranks as the largest global gas discovery since Galkynysh (South Iolotan). The Turkmen field was discovered in 2005."

2021 – cheerful or fearful?

• 13 January 2021

And after the 12 months we’ve all just experienced, making bold predictions for the year ahead is more fraught than ever: nothing is off the table.

A call to action to the global energy industry

• 02 August 2019

Wood Mackenzie President Neal Anderson introduces our 2019 Energy Transition Outlook and examines why the energy mix is not changing nearly as quickly as the world needs it to.

Oil supply cuts explained: an interview with the US energy secretary

• 14 April 2020

After the historic OPEC+ agreement to cut production, Dan Brouillette explained the US role in the talks and its view of the oil market.

The agility of US tight oil

• 18 July 2016

Which US Lower 48 operators have the largest, low-cost tight oil inventory?

OPEC+ shrugs off US pressure to announce 400,000 b/d output boost

• 04 November 2021

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “After unusual pressure from the US administration to lift its production, OPEC+ announced it is boosting output by 400,000 barrels per day (b/d) for December, in line with its 18 July 2021 agreement. This will be seen as disappointing by the US, which is asking for an extra increase closer to 600,000 b/d. But as long as OPEC+ actually boosts its output by 400,000 b/d, the US has indicated it will accept the outcome."

There’s still life in China’s shale gas

• 28 April 2021

Looking back over a decade as the US shale gas boom began to dramatically transform the country’s energy balance, driving down gas prices and ultimately creating one of the world’s largest LNG exporters, many speculated whether China could replicate this success.

Daenerys discovery a game-changer for Talos in GoA

• 25 August 2025

Addressing Talos Energy’s announced discovery at the Daenerys prospect in the Walker Ridge protraction area of the deepwater Gulf of America/Mexico (GoA), said Miles Sasser, senior research analyst, upstream for Wood Mackenzie said, “For Talos, the discovery is a game-changer. The company's GoA portfolio was ageing, but Daenerys could add more than 50 millions of barrels of oil equivalent (mmboe) net proved reserves. That would increase its YE2024 proved reserves of 194 mmboe more than 25%.

Frontier opportunities open up in Latin America

• 18 May 2017

Uruguay and Argentina may join Brazil in offering frontier exploration acreage along the Atlantic Margin.

Upstream oil & gas: region-by-region predictions for 2025

• 08 January 2025

Improving upstream sentiment comes at a time of high geopolitical tensions, and both supply and demand concerns. Near-term price weakness may belie longer-term market strength, setting 2025 up to be a year of mixed messages.

Total brings Culzean on stream, ahead of time and under budget

• 11 June 2019

French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

Striking the right balance: unlocking offshore industry potential

• 07 November 2019

Learn how the government of Ireland encouraged oil and gas exploration through an improved fiscal regime

Middle East oil & gas operators in a better position to weather the storm than global peers

• 17 April 2020

Oil revenues have collapsed and country finances are looking bleak. How will the Middle East fare through the crisis?

Natural Gas

• 16 November 2020

Stay ahead of natural gas markets with our industry leading analysis based on the highest quality public and proprietary data sources.

Unconventional Play Service

Compare unconventional plays against key producing plays in the US and beyond, and explore their potential using metrics such as costs, economics and risk.

Downstream consistency holds lessons for upstream

• 23 March 2017

Downstream continues to demonstrate robust financial performance while upstream struggles.

ADIPEC 2025: six key takeaways

• 13 November 2025

From AI’s power surge to oil’s comeback, here are six key takeaways from ADIPEC 2025 - the world’s biggest energy conference shaping the future of global energy

How to value upstream oil and gas assets

• 27 September 2019

Oil and gas asset valuations can vary widely, but the process of assessing value is fundamentally the same. Discover the three-step upstream asset valuation process.

Quantifying the steam cracker closure threat

• 29 August 2025

Europe and Asia hit hardest in the global ethylene downcycle

Class of 2022: benchmarking this year's upstream FIDs

• 31 March 2022

We benchmark the major oil and gas projects seeking FID in 2022 on economics and emissions metrics

Webinar | Why the NOCs should return to international business development

• 31 July 2024

With M&A valuations attractive and financial ratings at all-time highs, the drivers for National Oil Companies (NOCs) to invest in existing portfolios AND fill strategic gaps have never been stronger. Will they step up? Join our experts on 31st July to find out.

Webinar | Regional vs. Northern Sands: is the Permian proppant debate over?

• 27 August 2019

Please join our premier US Lower 48 research team's webinar to hear our take on this long-standing industry debate on Regional vs. Northern Sands. Our latest analysis will put the Permian proppant debate to a standing still.

No country for oil men (and women)

• 30 January 2025

UK and EU energy policies risk undermining energy security and economic growth by discouraging domestic oil and gas investment, increasing reliance on costly imports and jeopardising net zero goals. Discover how regulatory uncertainty, high taxes and declining North Sea production threaten the future of Europe’s energy transition.

Artificial intelligence and the future of energy

• 27 June 2024

Artificial Intelligence is the next big thing in energy, dominating discussions at all levels in companies, banks, investment funds and governments. Prakash Sharma and I asked WoodMac’s experts what role AI might play in the energy and resources sectors and where the greatest opportunities and risks are.

Balancing scale and concentration risk in US shale

• 28 October 2022

US shale independents have made the most of the rapid growth of unconventional oil and gas this century. A handful are now among the biggest single play producers in the world.

The energy crisis – what’s on CEOs’ minds?

• 06 October 2022

We hosted our EMEA Global Energy and Natural Resources Summit in London last week. Here are some of the big themes debated on the stage.

What's driving energy investors?

• 14 July 2022

The oil and gas sector is back with a bang in the stock market this year, reversing the flow of capital towards low-carbon energy plays. Investors have found the surging cash flow and dividends irresistible.

How to scale up carbon capture and storage

• 09 July 2021

Industrialising a nascent technology that’s critical for net zero targets

Big Oil’s offshore wind journey is only just beginning

• 12 February 2021

Offshore wind is at the forefront of the Euro Majors' new energy strategies. It's a proven technology, ready for scaling up – and the latest UK permits show the competition for projects is heating up. How big could it be for Big Oil?