Amid ongoing scorn over windfall taxes and a looming general election, the outlook for new project sanctions in the North Sea has remained cloudy throughout 2023.
Shell (LON: SHEL) will need as much as one trillion cubic feet of gas from exploration licences in the West of Shetland to "truly whet its appetite", according to analysis by Wood Mackenzie.
A ‘holistic’ approach to the UK’s fiscal regime for oil and gas could help speed up transition efforts as firms increasingly operate across multiple sectors, according to analysts from Wood Mackenzie.
New analysis by WoodMackenzie sets out the “material opportunities” of the Rosebank and Cambo developments in terms of energy security, emissions and economics.
Despite the ups and downs of the energy transition, it’s likely North Sea oil and gas production will be with us even in a net-zero 2050.
Global installed wind energy capacity is set to exceed 1 terawatt (TW) by the end of 2023, according to new data from Wood Mackenzie.
Asia’s need for future gas and liquefied natural gas (LNG) volumes, as well as associated infrastructure to meet rapidly expanding energy demand, is tremendous. Experts from energy research company Wood Mackenzie discussed the key drivers of Asia Pacific gas markets today at its Northeast Asia Gas Forum.
Resilient demand, price recovery and 'green' liquefied natural gas (LNG) all being driven by Asian buyers, reckons Wood Mackenzie Asia Pacific Vice Chair Gavin Thompson.
The US Gulf of Mexico is making a comeback this year.
Chevron has announced plans to buy fellow US oil and gas operator Anadarko Petroleum in a deal worth £38.2bn, the largest upstream takeover since 2015.
Future spending on oil and gas projects will need to increase by around 20% in the next decade in order to meet demand, according to a leading consultancy.
A surge in oil demand in India could lead to long-term trade with Europe, according to analysts WoodMackenzie.
Analysts Wood Mackenzie say around 30 major oil and gas projects are expected to reach final investment decisions (FIDs) this year.