Wood Mackenzie

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

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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

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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

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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,

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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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