What crashing LNG prices mean for renewables

• 05 May 2020

What falling gas and LNG prices mean for solar, wind and energy storage markets around the world in the short and long term.

3 ways produced water could hamper Permian production

• 17 July 2019

The entire Permian production cost curve is shifting as produced water volumes expand, posing a risk to production growth in the most prolific shale play.

What is the future of oil and gas exploration?

• 05 May 2022

The results of the 22 edition of our annual Future of Exploration survey are in.

What price LNG

• 16 June 2022

Europe's scramble to replace Russian gas has sent global prices through the roof. It's an opportunity for LNG suppliers but an extremely challenging market for utilities and traders.

Global upstream update: a review of key industry themes

• 29 June 2023

The upstream oil and gas industry continues the push to decarbonise production but faces increasing regulatory uncertainty

Future of gas in energy transition to be defined in 2021

• 14 January 2021

2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.

Webinar: IMO 2020 impact on upstream producers, LNG and bulks(2)

• 07 May 2019

Join us on this upcoming webinar where our industry experts will discuss how and where the ripples will be felt as we edge nearer to the implementation date of 1st January 2020.

US$210bn of new spend in firing line as players target cost cuts

• 02 April 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

BP buys BHP's L48 assets in 'transformative' $10.5bn deal

• 27 July 2018

BP has bought BHP Billiton's US Lower 48 assets in a $10.5 billion deal. Wood Mackenzie believes the deal will be transformative for BP.

Total named industry’s most-admired explorer in WoodMac survey

• 06 July 2020

French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s industry-leading annual Exploration Survey.

After hitting new highs in 2023, US lower 48 oil production growth will begin to slow considerably in 2024 and beyond

• 22 February 2024

US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/d) despite inflationary pressures, private consolidation, and declining rig activity. However, the repercussions of these decisions will impact supply moving forward as the region is poised for much lower growth in 2024 and beyond, according to Wood Mackenzie.

LNG Service & Tool

A unique perspective on the global LNG market to develop a deep understanding of key projects and market forces.

Shale oil in China: the long journey ahead

• 16 December 2019

Can China's shale oil industry replicate US success?

Kazakhstan’s upstream sector takes stock after nationwide unrest

• 19 January 2022

For the global and regional energy sector, Kazakhstan’s stability matters. What are the short- and long-term consequences of recent events?

A balancing act: getting fiscal terms right

• 01 December 2016

A government can’t influence the geological potential of the areas they offer, so they need to be aware of how the industry perceives the areas offered. How good are the rocks?

Big Oil is back buying upstream assets

• 29 June 2023

Targets are gas and strengthening core positions

How the Russia-Ukraine war is changing energy markets

• 23 February 2023

On this week's The Edge, Simon Flowers examines how the Russia-Ukraine war is changing energy markets.

Turkey nets largest-ever find with Tuna-1 gas discovery

• 21 August 2020

A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural gas imports has also continued to grow.

The world’s most-used carbon accounting rule is about to get a major overhaul

• 17 June 2025

Big changes are coming to the carbon rules that shape how clean power is bought and reported - here’s what energy buyers need to know

Webinar | The 2021 Future of Exploration survey

• 27 April 2021

This year sees the exploration sector in recovery mode as it begins to reposition for an energy transition world. We put our questions on the future of exploration to exploration leaders and professionals around the world. The sector had fought hard to win its way back to profitability before the crisis struck. Its disciplined approach of recent years looks set to remain even as prices recover. Exploration is increasingly playing a role in moves to a lower carbon future and geoscientists are at the forefront of some new energy businesses. We've analysed the data to discover the key challenges the industry is facing, which explorers stand out from the pack and the role of exploration in today’s energy company

Exploration Service

Shape your exploration strategy by benchmarking companies, countries, basins and plays.

Benchmarking the Middle East NOCs against the supermajors

• 25 April 2024

How do ADNOC, QatarEnergy and Saudi Aramco compare against BP, Chevron, ExxonMobil, Shell and TotalEnergies?

Eni’s exploration success: how does it support a net zero future?

• 22 September 2021

How will Eni adapt to achieve its ambitious emissions deadlines? What role will exploration play in a low-carbon future?

Libya: the two-million-barrel question

• 06 November 2023

Libya aims to almost double its crude production levels over the next 3‒5 years, investing around US$ 4 billion a year. However, the country faces a myriad of obstacles, which will stymie its plans.

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

• 21 August 2018

Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.

North America gas strategic planning outlook: A glimpse into 2050

• 24 April 2025

Our latest long-term view reveals exciting market dynamics

Resilience and sustainability to be core oil and gas themes of 2021

• 19 January 2021

Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.

POSCO’s takeover bid for Senex could be Australia’s largest upstream takeover since 2018

• 18 October 2021

South Korean conglomerate POSCO has made a surprise move on Australian gas producer Senex Energy making its first foray into the country’s upstream industry.

More oil discovered in Carnavon Petroleum's Dorado-1 well

• 08 August 2018

A sizeable discovery is significant for Quadrant, whose private equity backers are looking to exit, and Carnarvon, which is a pure-play explorer. A standalone oil discovery is easier to monetise than gas, as it does not require LNG contracts or gas infrastructure.

Arrow Energy sanctions Surat Gas Project

• 17 April 2020

Arrow Energy sanctions Surat Gas Project