Tag: majors
Study weighs cost of carbon on upstream sector – Wood Mackenzie
“Most intriguing finding was risk is less than we expected” A new study released by Wood Mackenzie, Positioning for the Future, is the first comprehensive study ever carried out into carbon emissions in the upstream oil and gas sector, according to a press release. “The carbon emissions targets set by the Paris Agreement, together with […]
Renewables on the rise: are Energy Majors ready to invest?
Energy Majors only just starting to sow seeds for radical changes that lie ahead Wind and solar energy are poised to radically reshape the energy market over the coming decades, presenting a threat to legacy oil and gas operations, but also an opportunity to diversify and future-proof portfolios, according to a report from Wood Mackenzie. […]
US independents raising 2017 capex, especially in Permian Basin
Encana increased growth guidance to focus on high-return wells, with bulk of capex landing in Permian Basin With oil prices holding steady at around US$45/bbl for several months, many operators feel the worst is over and are consequently raising 2016 production guidance and capex spend, according to Wood Mackenzie. In general, operators are doing more with […]
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