Tag: Wood Mackenzie
Can oil and gas upstream cost savings stick?
Survey sees operators keeping close a close eye on cost inflation in 2018 The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the […]
Upstream companies shift focus from survive to thrive in 2018 – Wood Mackenzie
Upstream sector puts price collapse behind it, primed to build for future Oil and gas companies are set to enter 2018 in their best shape since oil prices collapsed. In its 2018 Upstream Outlook, global natural resources consultancy Wood Mackenzie believes many will now focus on demonstrating they can thrive at low prices. “Now that the […]
When will the market face peak demand? Wood Mackenzie
Prospect of peak oil demand very real, industry needs to plan ahead The market is no stranger to peak oil. But industry focus is shifting from concerns about peak oil supply to a more concrete threat– peak demand. The Rise and Fall of Black Gold, released today by Wood Mackenzie, is a comprehensive, cross-commodity, cross-value chain […]
When will American shale oil make money? Maybe by 2020, says Wood Mackenzie
Tight oil most attractive investment theme in the global industry – Wood Mackenzie Tight oil profitability has been the focus of much debate since the oil price collapse of 2014. Its ability to scale down and up quickly and break even at low price points has made the Permian the star of the show for investors, […]
Global upstream investment on track to double in 2017 – Wood Mackenzie
Majors continue to dominate new project sanctions According to a recent Wood Mackenzie report “A big year for FIDs: 2017 marks a turning point“, the number of upstream projects reaching FID (final investment decision) in 2017 could double to 25 compared to only 12 last year. In the first half of the year, the industry […]
OPEC’s dilemma: when to lift production restraint?
$55/b Brent price for 2017 still forecast by Wood Mackenzie In Nov. 2016, OPEC reversed course on its strategy to seek market share and agreed, with the support of additional non-OPEC countries, to cut production and support higher oil prices, according to Wood Mackenzie. After six months and a dramatic recovery in the US, OPEC […]
Upstream oil/gas players grapple with uncertainty – Wood Mackenzie
Wood Mackenzie survey gauges the state of the industry The oil and gas industry is facing a challenging year. Oil prices remain volatile, and uncertainty remains about whether prices will recover from around US$50/bbl, according to Wood Mackenzie. Across the upstream sector, companies are considering their next investments, while weighing how to remain profitable in […]
Is LNG or pipeline gas more carbon-intensive? The answer may surprise you
LNG accounts for only 10 per cent of total natural gas traded across the globe, yet its rate of growth is almost twice as fast as pipeline gas, making it an important part of the portfolios of major oil and gas companies, according to analysis from Wood Mackenzie. But while the process of piping natural gas to […]
Revival of deepwater industry: best projects closing gap on shale oil
In a capital-constrained world, fewer operators means less deepwater projects flowing through to sanction According to a recent Wood Mackenzie report, a leaner and more cost-competitive deepwater industry is emerging from the downturn, with the most attractive projects now competing with US tight oil plays. 2017 will see a noticeable pick-up in deepwater project sanctions, […]
US gasoline demand poised to decline by over 1.7 million b/d by 2030
If Midwest must push into the Gulf Coast to clear gasoline surplus, Midwest gasoline pricing could be severely depressed Following strong demand growth in 2015 and 2016, US gasoline demand surpassed its 2007 peak to reach 9.4 million b/d—nearly half of the country’s total refined product demand, according to Wood Mackenzie. However, gasoline demand may be […]
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