Aberdeen-based data science and predictive analysis firm Opex Group has joined forces with global natural resources research and consultancy company Wood Mackenzie to launch a new service for the oil and gas industry.
Global wind turbine orders reached almost £60 billion in 2019, according to new research by Wood Mackenzie (Woodmac).
Market experts at Wood Mackenzie (WoodMac) and Rystad Energy have warned of a further fall in oil prices due to coronavirus.
The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global supply comes from the worst-affected regions.
In a year when the UK will come under intense global scrutiny of its climate change policies, merger and acquisition activity in the basin will have energy transition as a new factor to contend with.
China's energy market could be badly hit as the coronavirus has halted production on the countries wind turbine installations, according to Wood MacKenzie (WoodMac).
BP’s new chief Bernard Looney was applauded for taking the oil major in a “very different direction” with yesterday’s net-zero announcement.
Investors who want to reduce their environmental footprints are in a “real quandary” because oil and gas still offers better returns than renewables, an analyst has said.
As with all commodities, the impact of the novel coronavirus (2019-nCoV) on Chinese gas demand will depend on both the severity and length of time required to contain the outbreak.
Some supply chain bosses may have come into 2020 hoping it would be the year when they finally get rewarded for surviving five years of low rates and cost-cutting.
Offshore wind generation is growing rapidly and is expected to make up 25 percent of total wind capacity by 2028, up from 10 percent in 2019, according to a new study from the research firm Wood Mackenzie.
Looming wave of final investment decisions (FIDs) will provide massive boost for offshore oilfield service sector in Southeast Asia
The move from “Big Oil to Big Energy” is under way as the energy transition puts extra pressure on explorers, an analyst has said.
With margins staying “razor thin” and cost pressures continuing to bear down, the offshore supply chain may take on a “whole new look” this year, according to a Wood Mackenzie analyst.
Subsea Expo 2020, set to be the biggest in the event’s 15-year history, has today announced its programme of speakers for the conference which will see 70 industry professionals take to the stage at P&J Live on 11-13 February 2020.
Southeast Asia and Australia are set to take centre stage in the region’s upstream M&A activity as private equity companies sense a value opportunity.
A bumper year for new project sanctions on the UK continental shelf (UKCS) in 2018 has been followed by an underwhelming 2019, analysts have said.
The European Investment Bank (EIB) has announced it will end all financing for oil and gas from the end of 2021.
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
Angola’s new regulator Agência Nacional de Petróleo, Gás e Biocombustíveis (ANPG) has held talks with various producers about supporting future production from Angola LNG.
French energy giant Total SA is spending £476 million to expand its presence in one of the world’s fastest growing natural gas markets.
The design for the Cambo field, west of Shetland, will take some of the sting out of a problem that has “held back” production from the area for decades, an oil company chief said.
There has been around £8billion of destroyed value through North Sea deals between 2012 and 2018, according to WoodMackenzie.
The UK upstream oil and gas sector will be a hive of activity over the coming years, two global energy consultancies have said.
Energy consultancy Wood Mackenzie has predicted a 25% rise in the number of exploration wells to 60 in 2019 across the whole of the North Sea.