Total will remain one of the major players in the UK North Sea despite the proposed sale of a package of assets to Petrogas in a £509m deal.
The global offshore wind power market is set to grow "by 60% over the next five years", according to energy research firm Wood MacKenzie (Woodmac).
Oil companies are under increasing pressure to bring fuel to market faster and cheaper, leading BP Plc to conclude some of its resources “won’t see the light of day,” according to its head of strategy.
Explorers are in the grip of an existential crisis as the energy transition gathers pace, an analyst said today.
The oil and gas sector is sharpening its digital game. The downturn was a wake-up call. It forced companies to be more resilient in a low oil price environment. And it brought digitalisation to the fore.
Deepwater and tight oil are two of the upstream sector’s great growth themes, but are often considered to be at opposite ends of the development spectrum.
Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia due to supply shortages, according to Wood Mackenzie.
Global offshore wind market "demand" is set to grow by more than £8.5 billion as subsidy-backed projects continue their domination, according to a new report by Wood Mackenzie (Woodmac).
The UK North Sea’s maturity is a double-edged sword when it comes to exploration, an analyst has said.
A full exit from the UK is “increasingly likely” for US major Chevron following the sale of its central North Sea portfolio to Ithaca Energy, an analyst said yesterday.
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.