The global oil and gas exploration sector has got its “mojo” back, a new poll says.
The North Sea will be a hotbed of merger and acquisition (M&A) activity if the oil price holds up, the audience heard at a bumper breakfast event in Houston today.
An industry leader will look to stoke up the conversation about the UK oil and gas supply chain's ability to prosper in a “new reality” at a sell-out event during OTC week in Houston.
Wood Mackenzie Power and Renewables senior research analyst, Rory McCarthy notes the five major things to watch for in terms of energy storage in 2019.
The global wind turbine supply chain will be worth more than £400 billion over the next ten years, according to energy analysts Wood Mackenzie (Woodmac).
After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.
More oil could be pumped from the Greater Buchan Area (GBA) without the costly installation of a new platform or floating production facility, an analyst said.
Chinese energy firm Cnooc's discovery at Glengorm is the largest gas find in the UK since Culzean in 2008, an analyst has said.
Wind and solar generation soared above coal for the first time in 2018, according to analysts Wood MacKenzie (Woodmac).
The UK's fiscal regime for decommissioning is the envy of the world, an analyst has said.
Volatile oil prices are hindering global M&A deals by creating uncertainty, widening the asset valuation gap between buyer and seller, and making companies re-think their strategies, analysts said.
The suspension of the Wylfa project in Wales is a “major blow” to the UK’s future prospects for developing nuclear power, according to leading consultancy Wood Mackenzie.
After four years of cutbacks, oil companies are poised to open their purses again and develop new offshore fields, although the benefits won’t be spread equally across the companies who provide them everything from seismic surveys to pumps and turbines.
Oil prices settling in a sweet spot of $60-70 per barrel would give North Sea firms more confidence to kick on with investment plans, industry experts have said.
Oil firms will launch more “small but beautiful” projects during another “bumper year” for the UK North Sea in 2019, an analyst said yesterday.
A heady cocktail of beefed up budgets and fierce competition for acquisitions will create a “renaissance” for North Sea exploration this year, analysts said.
As we enter 2019, the mood in the LNG market is mixed. The big LNG buyers are back, and we are set for a record year for supply in terms of both production growth and new project FIDs. What will 2019 look like? And what could happen that will shape the market longer term?
Major gas projects coming online in the UK and Norway will not be enough to offset a continued drop in Europe’s supply, according to Wood Mackenzie.
Oil and gas firms can "weather" difficult industry conditions in 2019, according to energy research firm Wood Mackenzie (Woodmac).
Uncontracted demand for liquified natural gas (LNG) is set to quadruple by 2030, according to energy research firm Wood Mackenzie (Woodmac).
Climate energy goals remain "out of reach" despite the global energy transition, according to Wood Mackenzie (Woodmac).
Costs for deepwater projects will surge as investment heads for a global peak, according to a leading oil and gas consultancy.
Digitalisation could save the oil and gas and energy industry up to £116.7billion in operational costs, according to a new report from Wood Mackenzie.
The Oil and Gas Authority’s approval of two North Sea projects has given the basin an injection of “old and new” money, an analyst has said.