WoodMac warns of wave of bankruptcies on path to Paris
The world’s energy consumption will change “profoundly” if it is to meet the Paris Agreement goals, Wood Mackenzie has said in a new report.
Wood Mackenzie
Emissions and Qatar are neglected risks in Woodside’s Scarborough LNG project
Investors are in the dark about the financial implications of emissions from Woodside Petroleum’s proposed Scarborough liquefied natural gas (LNG) development at the North West Shelf offshore Western Australia, according to the Institute for Energy Economics and Financial Analysis (IEEFA)
Longboat taking part in a number of North Sea acquisition processes
Bosses at Longboat Energy are “participating” in a number of acquisition processes as the London-listed firm looks to do its maiden deal.
UK North Sea one of ‘hottest’ M&A markets globally, Wood Mackenzie analyst says
The blockbuster start to 2021 made by UK North Sea buyers looks set to continue with a further £3.6 billion of assets potentially changing hands by year-end, an analyst has said.
IOCs primed for record numbers after ‘toughest year ever’ – Wood Mackenzie
International oil companies (IOCs) could be on track for record free cash flow this year should Brent continue its rise, according to Wood Mackenzie.
Virtual Tech Showcase: Removal of help for oilfield services exports may not hamper growth, analyst predicts
Plans to remove support for oilfield technology and services exports wont necessarily inhibit supply chain growth, according to an industry expert.
Big oil eyes South Korean offshore wind
News that South Korea aims to build the world’s largest offshore wind farm by 2030 follows moves by major exploration and production companies to establish a foothold in the nascent market.
Floating offshore wind could be massive in Asia
The floating offshore wind power market in Asia Pacific could offer investment opportunities worth up to $58 billion as a significant market for the technology is emerging, latest research from Wood Mackenzie shows.
Japanese upstream players accelerate exit plans
Japanese companies are increasingly focused on upstream portfolio rationalisation, with divestment of non-operated stakes in smaller oil, as well as other non-core assets, expected to accelerate, research from Wood Mackenzie shows.
QP takes LNG FID, hands win to Technip, Chiyoda
Qatar Petroleum (QP) has taken the final investment decision (FID) for the world’s largest LNG plant, which will increase the country’s production to 110 million tonnes per year.
IOCs eye $12 billion worth of mergers and acquisition deals in the Asia Pacific region
Upstream merger and acquisitions (M&A) deals are expected to rebound in Asia Pacific this year after plunging to their lowest level this century in 2020, when the pandemic and collapse in oil and gas prices killed activity.
Huge year for establishing UK oil industry’s net-zero credentials, experts say
Experts from EY, Wood Mackenzie and NorthStone Advisers say setting renewable energy targets will be high on oil and gas firms' agendas.
Showcasing game-changing energy technologies
The rapid transition under way in energy means that now more than ever the sector must grasp the opportunities presented by technology.
Santos breathes new life into East Timor’s Bayu-Undan
Santos has approved US$235 million worth of investment for an infill drilling campaign that will extend the life of the Bayu-Undan field offshore East Timor. As a result, the Santos-led Darwin LNG export plant, which is fed by the aging field, will not need to be shut down while new supplies of gas are developed.
ReconAfrica acknowledges Tsodilo Hills loss
Reconnaissance Energy Africa has confirmed that its Botswana licence no longer includes the Tsodilo Hills.
Australia’s Santos steals a march with Barossa LNG deal
The Santos-led Barossa LNG export project is on track for a final investment decision (FID) within six months after drastically cutting costs and securing a major Japanese buyer for some of Australia’s dirtiest LNG.
Updated: Brent nears $50 as Opec+ agrees more moderate production increase
Brent crude neared $50 per barrel this morning after the Opec cartel and its allies agreed to a more gradual easing of production cuts next month.
Expect any Biden climate plan to have big impact on energy sector
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.
West of Shetland oil and gas remains UK’s best bet for growth despite recent setbacks
The West of Shetland oil and gas (WoS) basin has long been held aloft as the UK’s last great hope for indigenous oil and gas production growth.
Independent E&P firms that fail to adjust to energy transition will be gone by 2050, analyst says
Independent exploration and production (E&P) firms that fail to adjust to the energy transition face extinction before 2050, an analyst said today.
Indonesia plays hardball with Repsol over gas pricing
Repsol’s potential fast-track development of its Kali Berau Dalam (KBD) giant gas discovery in Indonesia is at risk as the company struggles to agree an attractive sales price with the government.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
HMRC boosts projected decommissioning tax relief for oil firms by £1.1billion
HMRC has boosted projections by £1.1billion for the amount of tax repayments it expects to give oil firms for North Sea decommissioning.
Westwood Global appoints David Linden as its first Head of Energy Transition
Westwood Global Energy has appointed David Linden to its newly created role of Head of Energy Transition.
Qatar books key UK LNG supply deal as export push begins
Qatar Petroleum is set to ramp up exports of liquefied natural gas (LNG) to the UK as the Persian Gulf country seeks buyers for the output from a new project and several large supply contracts are due to expire.