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    • Wood Mackenzie


    COMPANY OVERVIEW

    About Wood Mackenzie

    Wood Mackenzie is the global insight business for renewables, energy and natural resources.

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    More Info on Wood Mackenzie

    Wood Mackenzie is the global insight business for renewables, energy and natural resources.

    In the middle of an energy revolution, businesses and governments need reliable and actionable insight to lead the transition to a sustainable future. That’s why we cover the entire supply chain with unparalleled breadth and depth, backed by over 50 years’ experience in natural resources.

    Today, our team of over 2,000 experts operate across 30 global locations, inspiring customers’ decisions through real-time analytics, consultancy, events and thought leadership. Together, we deliver the insight they need to separate risk from opportunity and make bold decisions when it matters most.

    Articles & News

    Courtesy Chevron
    Chevron's Anchor project
    Production

    Anchor field startup offers hope of new play in the GoM

    Aug. 14, 2024
    Chevron’s achievement of first oil from the deepwater Anchor Field in the US Gulf of Mexico (GoM) represents a major technological achievement, according to Wood Mackenzie.
    Courtesy Aker BP
    Johan Sverdrup
    Production

    Report highlights lower CO2 emissions intensity of Norway’s oil and gas

    Aug. 12, 2024
    Wood Mackenzie has prepared a report for Aker BP assessing the impact of reducing oil and gas production offshore Norway.
    Photo 2296843 © Elnur | Dreamstime.com
    Rigs

    Noble/Diamond merger could strengthen mid-term rig rates

    June 14, 2024
    Noble’s acquisition of Diamond Offshore means that four drilling contractors will account for more than 60% of the world’s total floater backlog, according to Wood Mackenzie.
    Photo 28831002 © Rraheb | Dreamstime.com
    US & Gulf of Mexico

    Mexico needs to act to stem oil and gas production declines, report claims

    May 24, 2024
    WoodMac says Mexico is facing several energy challenges, including declining oil and gas production and a need to increase exploration activity.
    Courtesy Wood Mackenzie
    Drilling & Completion

    Fusaea oil find could lead to FPSO development offshore Suriname

    May 18, 2024
    Petronas/Exxon Mobil’s Fusaea and Roystonea discoveries in Block 52 offshore Suriname could support an FPSO-based development producing 100,000 bbl/d, according to Wood Mackenzie...
    Photo 186004882 © Azman Mohamad | Dreamstime.com
    Field Development

    More upstream projects taking FID this year, consultant predicts

    March 14, 2024
    Up to 30 upstream projects developing resources of more than 50 MMboe could go forward for development this year, according to Wood Mackenzie.
    Courtesy bp
    bp announced final investment decision for Phase 1 of the Greater Tortue Ahmeyim LNG development in December 2018.
    Africa

    Opportunities growing for LNG offshore West, East Africa

    Oct. 20, 2023
    An $800-billion capex program related to LNG is developing in Africa, according to Wood Mackenzie.
    Courtesy Wood Mackenzie
    Woodmac Adnoc Gas Investment Outlook
    Middle East

    High cost for UAE gas expansion programs, report finds

    Oct. 10, 2023
    ADNOC will have to spend more than $40 billion if the UAE is to achieve a stated goal of gas self-sufficiency, according to a WoodMac report.
    Courtesy Wood Mackenzie and UPME
    Gas balance scenarios
    Production

    Colombia on course for gas shortfall, report predicts

    Sept. 29, 2023
    Development of Colombia’s recent offshore gas discoveries, Gorgon, Uchuva and Orca, would need a breakeven range from $6 MMcf to 7/MMcf, according to Wood Mackenzie.
    Courtesy Wood Mackenzie
    Annual Oil Gas Exploration Spend 2000 2027
    Drilling & Completion

    Attractive economics, need for advantaged barrels good sign for future exploration

    Sept. 22, 2023
    Oil and gas companies have regained their appetite for exploration drilling, according to analysis from Wood Mackenzie.

    All content from Wood Mackenzie

    Photo 247830369 © Artinun Prekmoung | Dreamstime.com
    Co2
    North Sea & Europe

    Offshore Europe 2023: Wood Mackenzie calls for greater urgency on carbon capture

    Sept. 5, 2023
    Governments should step up their support for the CCUS sector, according to Wood Mackenzie.
    Courtesy Wood Mackenzie
    Exploration spend 2000-2027; Spend is in real 2023 terms
    Business Briefs

    Exploration on the rise, extending to more frontier areas, report finds

    Aug. 17, 2023
    Global spending on exploration, excluding appraisal, should average $22 billion per year in real terms over the next five years, according to Wood Mackenzie.
    Courtesy Wood Mackenzie
    Colombia Change In Government Revenue1 Us$mm
    Latin America

    Colombian oil and gas sector braced for higher taxes

    Aug. 2, 2023
    Colombia President Gustavo Petro plans for fiscal reform involve higher taxes for extractive industries, according to WoodMac, and hydrocarbons provide the primary source of Colombia...
    Photo 34610597 © Cammeraydave | Dreamstime.com
    Global Spending
    Business Briefs

    Upstream spending continues steady recovery, report finds

    July 20, 2023
    Current global upstream spending is just over half the peak of $914 billion set in 2014 (in 2023 terms), according to a new report from Wood Mackenzie.
    Photo 891565 © Thor Jorgen Udvang | Dreamstime.com
    Gas Pipelines
    Pipelines

    Barents Sea gas line back on the agenda, report claims

    July 12, 2023
    A $5 billion export pipeline linking gas fields in the Barents Sea in Northern Norway to European markets could cut dependence on LNG, according to Wood Mackenzie.
    Photo 186004882 © Azman Mohamad | Dreamstime.com
    Offshore Oil And Gas
    Field Development

    Blocking West of Shetland oil projects counter-productive in terms of emissions

    June 27, 2023
    Development of the deepwater Rosebank and Cambo oil fields West of Shetland would be far less emissions intensive for the UK than importing the equivalent volumes of oil and gas...
    Courtesy Wood Mackenzie
    Discovered oil and gas by license round
    North Sea & Europe

    UK offshore E&P more at risk from fiscal uncertainty than change of administration, WoodMac claims

    June 20, 2023
    Wood Mackenzie estimates the UK’s yet-to-find prospective resources at just over 1 Bboe, with most of the prospectivity on existing exploration licenses.
    ID 27891353 © Nightman1965 | Dreamstime.com
    Offshore Rig Shipyard Dreamstime L 27891353
    Rigs

    Floating rig utilization rebounds to pre-COVID levels

    June 12, 2023
    Day rates could reach $500,000/day for some UDW rigs, says Wood Mackenzie.
    Photo 186004882 © Azman Mohamad | Dreamstime.com
    Offshore Oil And Gas
    Business Briefs

    Consultant predicts pickup in upstream FIDs

    April 13, 2023
    Wood Mackenzie expects a small increase in upstream oil and gas final investment decisions this year, with up to $185 billion potentially committed to developing 27 Bboe of resources...