Oil demand has been surprisingly strong over the last two years in India Global oil demand is in for a year of strong growth but given the delicate rebalancing in the oil market, even small changes to a forecast could have major implications for price, according to Wood Mackenzie. Wood Mackenzie highlight the factors that could have […]
Oil demand to 2018: Where could we be wrong? Read More »
Production to rebound once it warms up, especially as oil prices begin picking up While North Dakota gas production was only down to 1.54 bcf/d from the state all-time high of 1.76 bcf/d in Nov., oil production dropped a record 92,000 b/d in Dec. to 942,000 b/d (895,000 b/d of which is from the Bakken),
North Dakota’s Bakken production drops with the temperature Read More »
Rate at which resources are produced, delivered domestically will depend on prices Eco-activists are dismayed that President Donald Trump’s intent to open up more federal land to oil and gas drilling will have serious environmental consequences , but Clay Lightfoot of Wood Mackenzie says much higher prices are needed to persuade producers before increased activity
Trump’s new federal land policies unlikely to increase oil/gas drilling Read More »
Hitting 1 million boe/d still far from certain In its Q4 earnings call, Pioneer Natural Resources provide guidance on how it plans to increase its Permian Basin production to one million barrels equivalent per day (70% oil) by 2026, while pledging cash flow neutrality in 2018, according to Wood Mackenzie. Sounds great, but is it doable? In Wood
Pioneer Natural Resources’ Permian Basin pathway to 1 million boe/d Read More »
Last month, Parsley paid US$19,800 per acre for additional Midland basin acreage Following last month’s acquisition of nearly 18,000 net acres in the Midland basin, Parsley Energy this week purchased Double Eagle Energy’s assets, adding 71,000 net acres with 3.6 mboe/d of production, according to Wood Mackenzie. The addition of these assets will nearly double
Parsley Energy grows wild in Permian Basin of West Texas Read More »
Keeping oil and gas growth pace, but spurring rebound in coal production could be challenging, regardless of policy President Trump wants to create federal government policy that powers a recovery in domestic fossil fuel production, driving renewed drilling and mining investment, and creating new jobs in mines and on rigs. Will these policies — likely
Taking a closer look at Donald Trump’s blueprint for US energy Read More »
Private equity players expected to remain big buyers in UK investment Activity was low on the UKCS in 2016 as companies were in full survival mode during the oil price downturn and added Brexit uncertainty, according to Wood Mackenzie. However, there was a change of pace towards the end of the year, with the rise
Better times ahead for the UK, but investment still a concern Read More »
Solar may not be ‘the new shale’ yet, but making impact on hydrocarbon demand faster than previously expected More than any other region, North America and Europe will see an underlying narrative of declining fuel demand as a result of de-carbonisation efforts and the availability and relatively low cost of gas. As we approach 2035,
North America and Europe: the push for renewable energy Read More »
Wood Mackenzie expects improving exploration success rates, full-cycle returns to continue in 2017 Wood Mackenzie’s global corporate outlook for 2017 forecasts the oil and gas industry will turn cash flow positive for the first time since the downturn, if OPEC production cuts drive oil prices above US$55 per barrel. “Most oil and gas companies will
2017 year of ‘stability and opportunity’ for global oil and gas – Wood Mackenzie Read More »
Producers appear to be rushing to lock in $55/bbl oil for 2017 Oil and gas hedging activity skyrocketed in Q3 to the highest level in a year, according to an analysis by Wood Mackenzie. Will activity climb higher in Q4 as prices break through the US$50/bbl threshold?Wood Mackenzie’s corporate research experts look at the Q3
Hedging activity maintains high pace set in Q3 – Wood Mackenzie Read More »
