Wood Mackenzie

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

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

Courtesy Chevron
Chevron's new Anchor facility has a design capacity of 75,000 bbl/d of oil and 28 MMcf/d of natural gas. The FPU area is 42,080 sq ft and 25 stories high (taller than the statue of liberty).
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.
Aug. 14, 2024
Courtesy Aker BP
The entire Johan Sverdrup Field is now on stream, and accounts for roughly a third of Norway’s oil production. Operator Equinor (42.63%) works with partners Aker BP (31.57%), Petoro (17.36%) and Total E&P Norge (8.44%) on this project.
Wood Mackenzie has prepared a report for Aker BP assessing the impact of reducing oil and gas production offshore Norway.
Aug. 12, 2024
Photo 2296843 © Elnur | Dreamstime.com
offshore_rigs
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.
June 14, 2024
Photo 28831002 © Rraheb | Dreamstime.com
mexico
WoodMac says Mexico is facing several energy challenges, including declining oil and gas production and a need to increase exploration activity.
May 24, 2024
Courtesy Wood Mackenzie
fusaea_map_woodmac
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...
May 18, 2024
Photo 186004882 © Azman Mohamad | Dreamstime.com
offshore_oil_and_gas
Up to 30 upstream projects developing resources of more than 50 MMboe could go forward for development this year, according to Wood Mackenzie.
March 14, 2024
Courtesy bp
bp announced final investment decision for Phase 1 of the Greater Tortue Ahmeyim LNG development in December 2018.
An $800-billion capex program related to LNG is developing in Africa, according to Wood Mackenzie.
Oct. 20, 2023
Courtesy Wood Mackenzie
Woodmac Adnoc Gas Investment Outlook
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.
Oct. 10, 2023
Courtesy Wood Mackenzie and UPME
Gas balance scenarios
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.
Sept. 29, 2023
Courtesy Wood Mackenzie
Annual Oil Gas Exploration Spend 2000 2027
Oil and gas companies have regained their appetite for exploration drilling, according to analysis from Wood Mackenzie.
Sept. 22, 2023

Additional content from Wood Mackenzie

Photo 247830369 © Artinun Prekmoung | Dreamstime.com
Co2
Governments should step up their support for the CCUS sector, according to Wood Mackenzie.
Sept. 5, 2023
Courtesy Wood Mackenzie
Exploration spend 2000-2027; Spend is in real 2023 terms
Global spending on exploration, excluding appraisal, should average $22 billion per year in real terms over the next five years, according to Wood Mackenzie.
Aug. 17, 2023
Courtesy Wood Mackenzie
Colombia Change In Government Revenue1 Us$mm
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...
Aug. 2, 2023
Photo 34610597 © Cammeraydave | Dreamstime.com
Global Spending
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.
July 20, 2023
Photo 891565 © Thor Jorgen Udvang | Dreamstime.com
Gas Pipelines
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.
July 12, 2023
Photo 186004882 © Azman Mohamad | Dreamstime.com
Offshore Oil And Gas
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...
June 27, 2023
Courtesy Wood Mackenzie
Discovered oil and gas by license round
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.
June 20, 2023
ID 27891353 © Nightman1965 | Dreamstime.com
Offshore Rig Shipyard Dreamstime L 27891353
Day rates could reach $500,000/day for some UDW rigs, says Wood Mackenzie.
June 12, 2023
Photo 186004882 © Azman Mohamad | Dreamstime.com
Offshore Oil And Gas
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...
April 13, 2023
Photo 59963289 © Izanbar | Dreamstime.com
Australia Ccs
Australia has revised legislation on direct Scope 1 emissions, potentially providing a boost to CCS projects in the region, according to Wood Mackenzie.
April 12, 2023
Photo 270427603 © F Baarssen | Dreamstime.com
Offshore Wind
Wood Mackenize says the market will see intensified focus on offshore wind, which will grow sevenfold by 2032.
April 11, 2023
Source: Wood Mackenzie Lens and Exploration Service. Discovered resource includes onstream fields, undeveloped commercial and not viable fields. Excludes resource growth from appraisal upside and improved recovery.
Discovered and prospective resources exceed demand scenarios
High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition, according to Wood Mackenzie.
Feb. 16, 2023
Courtesy Wood Mackenzie LinkedIn
Wood Mac
Veritas Capital, an investor at the intersection of technology and government, has completed the purchase of Wood Mackenzie from Verisk.
Feb. 2, 2023
Photo 53488646 © Flyingrussian | Dreamstime.com
Offshore Woodmac
Global exploration wells delivered a total of 20 Bboe last year, according to Wood Mackenzie’s "Oil and gas exploration: 2022 in review" report.
Jan. 31, 2023
Photo 29115315 © Denis7563 | Dreamstime.com
North Sea Oil And Gas
Wood Mackenzie’s latest North Sea upstream report predicts that Norway’s offshore oil and gas production will increase to 4.3 MMboe/d this year.
Jan. 20, 2023
Photo 136589147 © Chalirmpoj Pimpisarn | Dreamstime.com
Analytics
The transaction could total $3.3 billion, with most of the sum payable on completion of the deal.
Oct. 31, 2022
Courtesy Wood Mackenzie
Traditional super basins ranked by produced plus remaining resources
A report by Wood Mackenzie finds that energy "super basins" of the future must deliver on three key criteria: abundant resources, access to low-cost renewable energies and hub...
July 21, 2022
Photo 174349221 © Aoutphoto | Dreamstime.com
Uk Currency
Wood Mackenzie has commented on the U.K.’s new Energy Profits Levy on oil and gas companies, dubbed a "windfall tax."
May 31, 2022