Wood Mackenzie: Recent Episodes
Wood Mackenzie
As a global leader in commercial intelligence for the energy, metals and mining industries, we provide objective analysis and advice on assets, companies and markets, giving clients the insight they need to make better strategic decisions.
We speak to Anton Cohen at CohnReznick about the mega trends for clean energy in the corporate world
In this podcast episode from CohnReznick Capital: what does the surging M & A activity tell us about the health of renewables?
Chevron temporarily shut in its Tamar gas platform amid escalating violence between Israel and Hamas last month. How serious were the threats to the offshore gas infrastructure? Do we expect the agreement between Delek Drilling and Mubadala to proceed? Will these new tensions between Israel and Palestine affect the Israeli-Arab normalisation, especially in terms of trade and commerce? Do investments in Israel’s upstream sector look riskier now?
This month we are reviewing Iraq’s gas sector and projects, following several developments and announcements lately on Khor Mor, Ratawi, Nasiriyah, Mansuriyah and Akkas.
In this podcast Jessica Brewer is joined by Neivan Boroujerdi from our North Sea upstream team and Greig Aitken from our M&A team to provide an update on the latest deals and outlook for deals in the North Sea.
Shell announced the sale of its Egypt Western Desert portfolio to a 50:50 consortium made of Cairn Energy and Cheiron. The base consideration is US$646 million with contingent payments of up to US$280 million linked to Brent price and exploration success. The transaction consists of Shell’s interests in 13 producing licences and five exploration blocks.
In this podcast Jessica Brewer is joined by Ashley Sherman and Lewis Starling from our Continental Europe and Caspian upstream team to provide an update on Italy’s upstream sector.
This month we are reviewing Qatar Petroleum’s FID and giant EPC contract award on the North Field East expansion and its implications on the global LNG market.
In this podcast, Jessica Brewer is joined by Erin Moffat from our North Sea upstream team and Lewis Starling from our Continental Europe upstream team to discuss the key themes and talking points from across Europe’s upstream sector in 2020.
In this podcast, we review Energean's assets in Egypt and Israel and discuss why projects are getting sanctioned when the market is at a low for new FIDs. We also look at gas demand in Israel and Energean's future plans in the region. Featured this month are Senior Upstream Analysts Jon Lawrence and Jean-Baptiste Bouzard.
OPEC+ came to an agreement on 5 January allowing Russia and Kazakhstan to increase output slightly, while OPEC+ members hold production at January levels. In the meantime, Saudi Arabia committed to an additional voluntary cut of 1 million b/d in February and March. What are the implications for Saudi Arabia, Russia, and the global oil markets?
In this podcast, Jessica Brewer is joined by Neivan Boroujerdi from our North Sea upstream team and Rob Morris from our Caspian and Continental Europe upstream team to talk about the key themes and events to watch in 2021. What could shape the next 12 months and what are the wildcards?
For our December MENA In Brief episode, Alex Araman is joined by Senior Upstream Analyst Liam Yates to discuss ADNOC's new discoveries, investments and upstream ambitions.
In this podcast Jessica Brewer is joined by Rob Morris from our Caspian and Continental Europe upstream team and Kev Swann from our North Sea upstream team to talk about our latest analysis on upstream project returns.
Conventional oil and gas project returns have massively underperformed over the last decade. The North Sea isn’t an exception. But companies can avoid the mistakes of the past, by managing cost and price risks better.
In this podcast Jessica Brewer is joined by Erin Moffat from our North Sea upstream team and Mhairidh Evans from our Cost Centre of Excellence to provide an update on activity in Norway’s upstream sector.
The temporary tax terms introduced in June have incentivised investment in Norway’s upstream sector. Activity has ramped up, with a number of projects already sanctioned and many more working towards FID before the end of 2022 deadline.
In our November Sub-Saharan Africa podcast Martijn Murphy is joined by senior exploration analyst Alexander Connelly and research associate Juma Mlawa to discuss Total's Luiperd discovery offshore South Africa.
What happened: On 20-21 October 2020, the CWC Iraq Petroleum Conference brought senior government, industry, finance and legal people together for two days of presentations, discussions and debates on all aspects of Iraq's energy sector.
Our take: In this podcast, we discuss the challenges and opportunities facing Iraq's energy sector and economy.
In this podcast Jessica Brewer is joined by Tom Purdie and Ashley Sherman from our Continental Europe and Caspian upstream team to provide an update on activity in Romania’s upstream sector.
Investing in Romania holds many attractions, but fiscal and regulatory changes have created challenges for offshore operators in recent years. Are further reforms needed to attract new investment?
What happened: US unconventional expert EOG Resources signed an EPSA for Block 36, in the far west of Oman on the border of Yemen and Saudi Arabia.
Our take: The arrival of EOG Resources is a positive one, raising hopes of the unconventional potential of the wider west of Oman.
In our October Sub-Saharan Africa podcast Martijn Murphy is joined by principle analyst Greg Roddick to discuss government fiscal policy for gas resources in the region.
In this episode, Jessica Brewer is joined by Kristina Beadle and Kevin Swann to discuss how the UK Continental Shelf can contribute to the country’s commitment to achieve net zero by 2050. The UKCS has world-class oil and gas and renewables sectors. Alongside growth in offshore renewables, hydrogen and carbon capture, utilisation and storage, the UKCS has the potential to become a fully integrated energy system.
Alex Araman is joined by Upstream Research Director Ian Thom and Corporate Research Director Norman Valentine to discuss Saudi Aramco's new discoveries, investments and upstream ambitions.
In this episode, Jessica Brewer is joined by Tom Purdie and Glenn Morrall to talk about Turkey’s large Sakarya gas discovery. The team discusses the next steps for appraisal and the challenges its development may face. Keeping with the theme, we discuss how North Sea exploration has fared over the past five years and where we expect the focus to be for the region in the coming years.
In this episode, Jessica Brewer is joined by Kyrah McKenzie and Kevin Swann to discuss how Norway has made good progress towards decarbonising its upstream sector through electrifying offshore platforms and we look at the potential for using the same technology in the UK.
In this episode, Jessica Brewer is joined by Ashley Sherman and Lucy King to discuss how the oil price collapse has impacted our outlook for Europe's upstream sector.
In the last episode of this season, we each share some of our main takeaways from the oil and gas sector over the past 10 weeks. We discuss the role of geopolitics, how companies adapt to lower oil prices and the sector’s broader challenges.
In this episode, Andrew Harwood speaks to global risk specialists Verisk Maplecroft on how they view the current Covid-19 situation and how it might develop in the future. They look at places like Indonesia, Malaysia and Singapore and discuss some of the unique risks associated with each country. Guest appearances by Miha Hribernik (Head of Asia Risk Insight) and Sofia Nazalya (Asia Analyst)
In this episode, Jessica Brewer is joined by Lewis Starling and Norman Valentine to discuss the latest upstream energy transition developments in the North Sea.
In our latest episode, we discuss how China is planning to reshape its economy, why job creation is one of the country’s primary concerns and whether we look forward to getting back to the office.
In this edition of the Watercooler Chat, we dive into INPEX’s latest strategic guidance, the main messages from our Japanese client interactions and our most memorable travel experiences in Japan.
In this episode, Jessica Brewer is joined by Neivan Boroujerdi and Greg Roddick to discuss how Norway’s upstream sector is responding to low oil prices and the coronavirus.
Gail Anderson chats to Analysts Juma Mlawa and Richard Hood about recent M&A deals and project delays as the low oil price continues.
Gail Anderson is joined by Liam Yates and Alexandre Araman to discuss the Middle East response to low oil prices and the implications of the OPEC+ production cuts.
In our sixth edition of the Watercooler Chat, we discuss PetroChina’s latest onshore discoveries, Repsol’s hot streak, the mood of the exploration industry in Asia Pacific and Tra’s rigorous couch tennis training regime.
In the fifth edition of the Watercooler Chat, we discuss some of the highlights from the Oil Majors’ Q1 results, how National Oil Companies have set their latest investment budgets and what quiz topic rounds we would design.
In this episode, Jessica Brewer is joined by Kevin Swann and Mhairidh Evans to discuss how low oil prices and the coronavirus is impacting the UK’s upstream sector.
In our fourth edition of the Watercooler Chat, we discuss why Equinor cut its dividend, what Eni’s Q1 results could tell us about the upcoming earnings season and Andi’s phenomenal culinary skills.
In this episode we are talking about: How the oil price crash and coronavirus and gas is changing the market. In Asia we are covering how the Chinese gas market is recovering, what lockdown means for Indian LNG demand and the potential for coal to gas switching in Japan and South Korea. In Europe we are talking about how far gas demand will fall this quarter and the implications for storage. We are also looking at how the global LNG supply outlook will change.
Timings:
00.00 Intro
00.50 Prices
1:49 Chinese Gas and LNG Demand Growth
4.14 Pipeline imports down - LNG imports stay strong
6.00 Longer term Chinese Demand Outlook
8.00 Indian LNG imports down
9.58 Is there potential for upside in Japan and South Korea from Coal to gas switching
13.30 The impact of Coronavirus on European Gas Demand
18.00 European Gas Storage at record highs
20.30 LNG Supply impact near term
24.00 Delays to under construction LNG projects
25.40 Which pre FID LNG projects will still go ahead
In the third episode of the Watercooler Chat, we discuss financial health of some of Asia's national oil companies, surprising developments and M&A moves out of Australia and where we would like to explore in the post-coronavirus world.
In our second episode of the Watercooler Chat, we discuss this weekend's OPEC agreement, brought to us by Donald Trump, hear from Tom Ellacott on ExxonMobil's latest guidance and discuss things we've noticed since working at home that we'd rather not have.
A NEW weekly discussion of notable news in upstream oil and gas. Every week we will bring you interesting stories that caught our attention and discuss their implications for Asia Pacific and beyond. This week: Trump tweets, capex cuts and keeping sane while at home.
In this podcast special, Gail Anderson chats to Senior Analysts Richard Hood and Adam Pollard about the impact of the oil price crash on the upstream industry in Sub-Saharan Africa.
In this podcast special, Gail Anderson chats to Senior Analysts Richard Hood and Adam Pollard about the impact of the oil price crash on the upstream industry in Sub-Saharan Africa.
Recent events have created a perfect storm in the oil markets, the likes of which have never been seen before. Do these clouds carry any silver lining?
Tom Ellacott and Roy Martin discuss what to expect this week as the Majors’ begin announcing their Q4 results
Ian Thom is joined by Toushar Chakrabarty to discuss the Libyan oil blockade and what it means for the country and its oil sector.
In this month’s podcast, Gail Anderson chats with our expert analysts Richard Hood and Jon Lawrence about Senegal’s upstream future following our first ever research trip to the country.
Ian Thom is joined by Liam Yates and Alexandre Araman to discuss the Saudi Arabia (Jafurah) and UAE (Jebel Ali) unconventional gas projects. The Middle East is known for large conventional oil fields, but unconventional gas is featuring more and more.
In this voice-over, we introduced the current daily situation in China and our latest view on steel and iron post the virus outbreak
In this voice-over, we introduced our latest view on iron ore and the situation in China post the COVID-19 outbreak
Angus Rodger and guests discuss the key upstream events that rocked their worlds in 2019, and the exciting wells and themes they're looking forward to in 2020.
Ian Thom is joined by Alan Walker, Toushar Chakrabarty and Jean-Baptiste Bouzard to discuss our 2019 upstream review and 2020 look-ahead for the upstream sector in the MENA region.
Jorge Sierra, Alberto Casquera y Diana Quezada analistas de Upstream Research para América Latina, discuten sobre los principales acontecimientos en la industria energética en México durante el 2019.
Se analiza en primer lugar la viabilidad del plan de negocios de Pemex y su estrategia para desarrollar sus 20 campos prioritarios, en segundo lugar se analizan las tendencias para observar en 2020 y finalmente se presentan las perspectivas sobre el mercado secundario en Mexico. ¿Que nos espera en 2020 en la industria petrolera en México?
Today we are talking about how much upside South Korea new power police will create for short term LNG demand, the potential for under-utilisation of US LNG facilities and how much LNG Europe can take this winter.
Third quarter earnings wrapped up last week with some interesting and common themes. Shale gas companies are aiming for large capex reductions while keeping keep production flat. The situation is ugly but less dire for tight oil. Most tight oil companies are unofficially guiding towards modest capex reductions next year accompanied with modest production growth. The better positioned operators will also be able to deliver positive free cash flow to either pay down debt or return cash to shareholders.
For more details, have a listen to our podcast linked below, where we expand on the common themes from this round of earnings and discuss what to watch for as 2020 approaches.
A panel conversation between Wood Mackenzie’s Ben Kellison, Greensync’s Phil Blythe, and Chloe Munro, former chair of the ACCC, on Australia's power market. They discuss striking the balance between flexible demand, distributed generation, and energy storage in Australia. For more information, click here.
LNG is cleaner to burn than other fossil fuels but how can LNG reduce it’s environmental impact?
Valentina Kretzschmar, Director, and Tom Ellacott, Senior Vice President at Wood Mackenzie Corporate Research team share insights on the Majors’ Q3 2019 performance.
Ian Thom is joined by Toushar Chakrabarty and Juma Mlawa to discuss M&A activity and trends in Egypt.
Focusing on M&A in Australia and SE Asia, host Angus Rodger plus guests David Low and Andrew Harwood discuss the market as Woodmac sees it. What deals are on the horizon, are there enough active buyers, what impact on valuations, and what role for private equity and institutional investors?
Wood Mackenzie's Latin America team discusses the impact of hefty (US$70 billion) investment commitments in the economics of the four production sharing contracts that will be offered on November 6. How will companies bid to address uncertainties and enormous upfront cost?
In this podcast, Gail Anderson speaks with Wood Mac analysts Lennert Koch and Georgia Margeta to discuss key takeaways from their recent research trip to Lagos.
Tom Ellacott and Max Petrov share their thoughts on ExxonMobil’s Norway exit and the wider implications for the company.
Stewart Williams is joined by Toushar Chakrabarty to discuss the latest on Sudan and South Sudan’s oil sectors
In this podcast, Gail Anderson talks to Lennert Koch about the collapse of Tullow Oil's US$900 million Ugandan farm-down to Total and CNOOC Ltd, and Jessica Brewer explains the rationale behind Qatar Petroleum's acreage capture in Sub-Saharan Africa.
The Haynesville Shale is setting new production records just as gas prices have fallen. Nathan Nemeth joins to discuss how our view of the Haynesville has changed over the past couple of years. Texas is better than ever and the operators to watch are the same names you are used to.
Upstream analysts Rowena Gunn and Mark Oberstoetter discuss the latest happenings in Alaska's oil & gas industry and what Hilcorp's $5.6 billion acquisition of BP's assets will mean for the State.
Raphael Portela, analista de Corporate Research para América Latina, e Luiz Hayum, analista de Upstream Research para América Latina, discutem as principais conclusões do nosso corporate report para a Petrobras.
A Petrobras passou por muita coisa nestes últimos anos: queda no preço do barril de petróleo, escândalo da Lava Jato e recessão econômica no Brasil. Mas a perspectiva está melhorando. Através de iniciativas como o foco em disciplina de capital e gestão de custos, a empresa se encontra hoje em melhor posição financeira. Qual a estratégia da maior estatal brasileira para o futuro? Como anda o desenvolvimento do pré-sal? O que podemos esperar do declínio acelerado na bacia de Campos? Discutimos estas questões e outras neste podcast.
Petrobras corporate report bit.ly/pbrcorprep2019
Petrobras realigns: which assets will it sell? bit.ly/pbrreal
Petrobras downstream divestment plans bit.ly/pbrrefdiv2019
A deep dive into China’s LNG market. Is it slowing down and if so by how much? We assess the ongoing development of gas trading. Will companies start to seek to include local hub pricing into international contracts? And examples of the non-stop dynamism and innovation we see.
Raphael Portela and Michael Stinebaugh, research analysts at Wood Mackenzie's Corporate Research team, share key highlights of Petrobras' latest corporate report.
• Can Petrobras deliver peer-leading growth in the pre-salt?
• Will production declines in the Campos basin continue?
• How much more deleveraging will Petrobras pursue?
Petrobras corporate report
Petrobras realigns: which assets will it sell?
Petrobras downstream divestment plans
Stewart Williams is joined by Jean-Baptiste Bouzard and Juma Mlawa to discuss Egypt’s oil and gas sector.
A brief discussion about the key implications of the developing oil industries in Guyana and Mozambique to the countries. Jon Lawrence, Juliana Miguez and Luiz Hayum provide a summary of the key upstream projects in the countries and the impact they will cause.
Braving earthquakes and blackouts, Woodmac analysts have just returned from research trips to Jakarta to find out the latest sentiment on the ground in SE Asia’s energy giant.
In our latest podcast, Gail Anderson talks to Jon Lawrence and Lennert Koch about their recent research trip to Kenya and Uganda. Oil projects in both countries are delayed. We discuss what is still needed to reach FID.
Will operators wring profits out of shale? URTeC showed us technology is still important in unconventional reservoirs. We share our notes on the conference as well as our latest on cube developments and in-basin sand. Listen to Robert Clarke, Ryan Duman, and Anuj Goyal share their opinions.
Valentina Kretzschmar, Director, and Tom Ellacott, Senior Vice President at Wood Mackenzie Corporate Research team share insights on what to expect in the Majors’ upcoming Q2 2019 results.
The Permian is growing at rates not seen before in shale plays, but it's not without risk. Ryan Duman joins to talk about some of the lesser known issues in the region and how each is changing our view of the Permian oil boom.
Stewart Williams and Jessica Brewer discuss Qatar Petroleum’s international exploration strategy.
Analysts from Wood Mackenzie and our sister company, Verisk Maplecroft, discuss how Mexico's new president is waging a counter-energy reform
Gail Anderson talks to Adam Pollard and Dominic Smith on their recent research trip to Gabon, Sub-Saharan Africa's fourth biggest oil producer.
Stewart Williams is joined by Tom Quinn and Juma Mlawa to discuss two recent M&A deals in the MENA region
The Bakken Shale is producing at record levels. Even in its maturity operators are finding new ways to make more from less in North Dakota and Montana. Julie Francis and Barandon Myers join the podcast to discuss their latest key play work.
Over 120 Mcmd (4.2 bcf/d) of non-flexible associated gas will be produced in the Campos and Santos basins in Brazil in the coming decade. The region urgently needs investment in offshore pipelines and onshore processing facilities to develop this gas. Listen for more details on how associated gas can delay the start-up of over 40 FPSOs forecasted for the next decade in Brazil.
Stewart Williams and Jessica Brewer discuss Qatar Petroleum’s international exploration strategy.
Stewart Williams is joined by Ian Thom and Liam Yates to discuss the latest on Iraq’s oil and gas sector
Horacio Cuenca, Research Director and Maria Cortez, Senior Research Managers provide their views on risk and reward across Brazil, Argentina, Mexico and Venezuela's upstream sectors
Maria Cortez, Senior Research Manager, and Raphael Portela, Research Analyst, discuss Wood Mackenzie's latest views on Mexico state-owned oil company, Pemex
Tom Ellacott and Greig Aitken discuss Chevron's decision not to raise its bid for Anadarko. What does this mean for Permian consolidation, and what will the US Major focus on next?
Implications for Mozambique LNG from the tug of war for Anadarko. Outlook for Arctic-2 following Chinese NOC investments. Just how big will the LNG capex boom be? And one step forward, one step back for Japanese nuclear power.
Gail Anderson talks to Jon Lawrence, Lennert Koch and Valentina Kretzschmar on the battle for Anadarko between Occidental and Chevron; and what it means for Sub-Saharan Africa.
Valentina Kretzschmar, Director, and Greg Roddick, Principal Analyst at Wood Mackenzie Corporate Research team share insights on potential sale of Anadarko’s Africa assets to Total.
Cindy Yeilding SVP BP Americas joins to discuss 50 years of the Offshore Technology Conference and the future for energy professionals. She also shares more about the OTC Energy Challenge and how the conference is getting local youth involved in energy.
China’s influence across global commodity markets is without parallel. So when risks and uncertainties emerge in the Chinese economy, producers, traders and investors all begin to worry. But headlines only tell part of any story. In this podcast we sit down with Gavin Thompson, vice chairman for energy in Asia-Pacific, to discuss new and unique research on the real impact of the China slowdown on economic growth and energy demand.
Deepwater or Tight Oil? William Turner and R.T. Dukes talk through what is making deepwater investments more competitive coming out of the downturn.
Permian M&A fight over Andarko is discussed. Who else might get acquired? More deals to come and the question is probably when. Robert Clarke and Ryan Duman join to share their thoughts.
Greg Roddick, Kris Nicol and Greig Aitken discuss Occidental’s US$57 billion counter-offer for Anadarko. How does it stack up against Chevron’s lower bid? What are the two companies' motives? What happens next and how might this play out?
Tom Ellacott and Greig Aitken discuss Chevron's stunning bid for Anadarko. What will Chevron gain from the deal, and how what does this mean for the industry.
Chevron makes a splash announcing the almost $50 billion acquisition of Anadarko. The combined company becomes the king of the Permian and the Gulf of Mexico. What happens next? Roy Martin and Ben Shattuck join to discuss the latest.
In our latest podcast, Lennert Koch discusses implications of Eni’s recent exploration success on Block 15 in Angola with Adam Pollard; and the implications of the announced transfer of operatorship on Nigeria’s OML 11 from Shell to NPDC with Gail Anderson.
- Will there be full compliance to the IMO and why?
- How shippers are coping with this regulation?
- How refiners are planning to respond to this regulation?
- How will bunker market change and what could this mean for Singapore?
- Will there be full compliance to the IMO and why?
- How shippers are coping with this regulation?
- How refiners are planning to respond to this regulation?
- How will bunker market change and what could this mean for Singapore?
- Will there be full compliance to the IMO and why?
- How shippers are coping with this regulation?
- How refiners are planning to respond to this regulation?
- How will bunker market change and what could this mean for Singapore?
- Will there be full compliance to the IMO and why?
- How shippers are coping with this regulation?
- How refiners are planning to respond to this regulation?
- How will bunker market change and what could this mean for Singapore?
In one of the biggest M&A deals of the year so far, Murphy Oil is selling its entire Malaysia business to Thailand's PTTEP for US$2.1 billion. Angus Rodger and guests discuss what they think of the deal, what it means for the participants, and in particular the implications for PTTEP's ambitions, both at home and abroad.
Tom Ellacott shares his insights following his trip to Milan for Eni's 2019 Strategy Day.
Tom Ellacott, SVP Corporate, and Roy Martin discuss the key messages from ExxonMobil and Chevron's 2019 Analysts Days last week.
In our latest podcast, Lennert Koch discusses implications of Total's Brulpadda discovery in South Africa with Jon Lawrence; and the outcome of the Nigerian presidential elections with Gail Anderson.
With a bevy of M&A deals on the horizon, plus general elections, fiscal changes and some eye-catching exploration activity….Australia is ready setting itself up for a big year. Angus Rodger discusses the key events to watch with a guest from Wood Mackenzie's Perth office, upstream analyst David Low.
REPSOL's Kali Berau Delam-2 discovery has given Indonesia's exploration industry a well-timed boost. Angus Rodger discusses how much of a game-changer this could be and the sentiment on the ground in Jakarta with Johan Utama, Tra Ho and Andrew Harwood.
Stewart Williams and Tom Quinn discuss recent exploration awards in the United Arab Emirates.
In our first podcast of 2019, the team discuss FID for Tortue FLNG in Mauritania/Senegal, first oil at Egina in deepwater Nigeria and bid farewell to Ophir Energy – but what's next for Fortuna FLNG?
2018 was a relatively quiet year for fiscal disruptions. But many countries opened new licensing rounds and reviewed expiring licences. We expect more countries to offer revenue sharing contracts and biddable terms in 2019.
Wood Mackenzie’s petroleum taxation experts – Graham Kellas (graham.kellas@woodmac.com) and Aleks Popovics (aleksandrs.popovics@woodmac.com) – discuss key 2018 and 2019 upstream taxation trends.
You may be interested in the following reports:
https://www.woodmac.com/reports/upstream-oil-and-gas-petroleum-fiscal-systems-5-things-to-look-for-in-2019-37969
https://www.woodmac.com/reports/upstream-oil-and-gas-petroleum-fiscal-systems-2018-in-review-93877
2018 was a bumper year for the MENA’s upstream sector with record M&A spend and nearly US$100 billion of projects sanctioned. But what does 2019 have in store? Which projects will drive gas production growth? Will all members comply with OPEC production restraints? Who’s in the running for Qatar’s LNG expansion? Join analysts from Wood Mackenzie’s Middle East and North Africa teams as they discuss what happened in 2018 and the things to look for in 2019.
Join the Asia Pacific oil and gas research team as they gaze into their crystal ball and run down some of their top themes and events to look for in 2019. Will the recent oil price rollercoaster flatten out? What are the implications for regional E&P activity? What will be the impact on gas and LNG markets? More details can be found in Wood Mackenzie's recent "5 things to look for" series of reports, available here https://www.woodmac.com/reports/upstream-oil-and-gas-asia-pacific-upstream-5-things-to-look-for-in-2019-41108/
ExxonMobil notched up its 10th deepwater discovery and announced its discovered recoverable reserve estimate now exceeds five billion boe. Greg Roddick, Julie Wilson and Luiz Hayum discuss this latest discovery, what it means for the partners involved and what exploration activity to look for in 2019.
In our last podcast for 2018, Gail Anderson talks to Adam Pollard and Jon Lawrence on key events in November, including Angola's continued upstream recovery and an intriguing exploration acquisition in the little-known Comoros Islands.
Stewart Williams, Stephen Fullerton and Juma Mlawa discuss recent oil & gas activity in North Africa and the Mediterranean.
Listen in to our latest installment of Wood Mackenzie’s metals and mining podcast as we hear from Andrew Mitchell, Research Director – Nickel markets, on the following:
• Tsingshan’s plans and whether they are feasible • What we need to see for positive sentiment to return
Recent hedging disclosures reveal producers missed a golden opportunity to lock in higher oil prices before they began falling in October. Listen to this podcast to hear the details and for our views of what to expect at the end of the year.
Jessica Brewer and Tom Quinn from Wood Mackenzie’s Middle East team give their thoughts on the recent ADIPEC conference.
Our analysts discuss key events over the past month. For November, Adam Pollard and Lennert Koch talk to Gail Anderson about M&A activity in Angola and Ghana's first licensing round.
Andy McConn and Roy Martin discuss the key themes from the US tight-oil E&Ps' Q3 2018 results
Analysts from Wood Mackenzie’s Middle East and Global Oil Supply teams discuss the implications of new sanctions on Iran.
Merger mania kicked off with Denbury-Penn Virginia, Chesapeake-Wildhorse, and Encana-Newfield all announcing deals. The reaction has been mixed, so our analysts discuss the pros and cons of the mergers and acquisitions. Is this the beginning of major consolidation in the US?
Appetite is building for Malaysia's upcoming licensing round, on the back of recent exploration success. But it is M&A that has really got tongues wagging around the PETRONAS towers - Alex Siow discusses the latest gossip from his recent research visit to Kuala Lumpur with Andrew Harwood.
Greg Roddick talks to Tom Ellacott, SVP of Corporate Research, to discuss the first week of the Q3 2018 results season in which Equinor, Total and Eni highlighted the impact of rising prices and capital discipline. They also touch on what to look out for over the next couple of weeks.
Greig Aitken and Scott Walker from our M&A team discuss upstream M&A activity in Q3 2018.
Senior Vice President Tom Ellacott weighs in on what we expect from the Majors and US tight oil players in Q3
We look at Murphy’s plans to deepen its US GoM portfolio through a deal with Petrobras worth up to US$1.1 billion
Our analysts discuss key events over the past month. For September, Jean-Baptiste Bouzard and Lennert Koch talk to Gail Anderson about Congo’s licensing round and our findings on the gas and power market following our recent research visit to Ghana.
Analysts from Woodmac's Middle East and North Africa team discuss Qatari LNG expansions and recent M&A activity in the region
Is the Australian east coast market facing gas shortages? Will gas be redirected away from LNG exports? What is the potential impact of gas price? Angus Rodger, Chris Meredith and Nicholas Browne discuss the implications based on the brand new Australia east coast gas market report (https://www.woodmac.com/reports/chemical-markets-australia-east-coast-gas-market-outlook-28653).
Our experts discuss the latest takeaways from Wood Mackenzie's recent visit to Argentina, the country's macro-environment and what our shale benchmarking metrics really mean
Valentina Kretzschmar, Director, and Kevin Swann, North Sea analyst at Wood Mackenzie share insights on Total’s discovery in West of Shetland.
Research Director Rob Clarke and Senior Analyst Edward Sherfey join the podcast to share what they've learned about their recent trips visiting clients across North America.
Greig Aitken and Scott Walker from our M&A team discuss August's upstream M&A activity. Deal activity strengthened for the second consecutive month, with Diamondback's US$9.3 billion acquisition of Permian pure-play Energen providing further evidence that corporate consolidation is now a theme in the Permian.
We consider OMV’s US$0.8 billion acquisition of a 50% stake in Malaysia’s Sapura Energy
Roy Martin and Greig Aitken discuss Southwestern's exit from a shale play that was once the crowning glory of its portfolio.
Analysts from Woodmac's Middle East and North Africa team discuss South Pars 11 in Iran and the Majnoon project in Iraq.
Our analysts discuss key events over the past month. For August, Lennert Koch, Aislinn Clarke, Jon Lawrence and Gail Anderson discuss South Sudan production, Namibia licensing and President Buhari’s withheld assent of Nigeria’s Petroleum Industry Governance Bill.
Ruaraidh Montgomery gives his reaction to ExxonMobil’s latest discovery offshore Guyana and what it might mean for wider exploration activity in the Equatorial Transform Margin, while Greg Roddick adds some insight on what the ongoing Liza project means for the partners involved.
The Romanian Parliament will spend the rest of 2018 reviewing the new Offshore Law that President Iohannis rejected in August. The proposed extra revenue tax on gas remains the main concern for offshore operators. Wood Mackenzie’s upstream and petroleum taxation experts – Adam Meredith (adam.meredith@woodmac.com) and Aleks Popovics (aleksandrs.popovics@woodmac.com) – discuss some of the key takeaways from our recent report “Romania is considering higher taxes for Black Sea projects”.
You may be interested in the following reports:
https://www.woodmac.com/reports/upstream-oil-and-gas-romania-is-considering-higher-taxes-for-black-sea-projects-25797
https://www.woodmac.com/reports/upstream-oil-and-gas-neptun-deep-domino-and-pelican-sud-13946966
https://www.woodmac.com/reports/upstream-oil-and-gas-ana-and-doina-7652695
We are joined by Analyst, Jessica Van Slyke and Research Director, Rob Clarke to discuss how associated gas resource impacts the cost curve.
Angus Rodger and Greig Aitken discuss Santos' acquisition of Quadrant Energy, the Australian gas-focused producer that recently made a headline-grabbing oil discovery.
Juliana Miguez, gerente, e Luiz Hayum, analista de Upstream Research para América Latina discutem as principais conclusões do nosso Insight, Brazil's Campos basin mature oil fields: decommission or redevelop?
O custo esperado para o descomissionamento de 32 plataformas na bacia de Campos até 2025 é de US$8 bilhões. A mudança de foco do investimento para o mais atrativo pré-sal da bacia de Santos irá resultar no cessar precoce da produção de muitos campos da bacia de Campos. Os US$8 bilhões propostos para gastos em descomissionamento desses campos maduros poderia ser investido e atrasar 60% dos custos de descomissionamento para depois de 2030, gerando royalty adicional e empregos.
Juliana Miguez, manager, and Luiz Hayum, analyst in the Upstream Research team for Latin America discuss the key takeaways from our Insight, Brazil's Campos basin mature oil fields: decommission or redevelop?
The decommissioning of 32 platforms in the Campos basin by 2025 is expected to cost US$8 billion. The shift in investment to the more prolific Santos basin pre-salt will lead to the early cessation of production in many Campos basin fields. The US$8 billion proposed for the decommissioning of these mature fields could be invested and postpone 60% of decommissioning costs to after 2030, generating extra royalty and jobs.
Permian consolidation: our analysts debate whether Diamondback's acquisition of Energen will trigger similar deals.
Kosmos surprised many and acquired Deep Gulf Energy in a billion-dollar deal as the M&A market is heating up. While Kosmos' bread and butter is frontier exploration, Deep Gulf focuses on developing small subsea tie-backs. Together, they can take advantage of each other's strengths, but will their plans play out? Guest include Michael Murphy and Imran Khan from our Gulf of Mexico team.
In this week's edition of the Corporate Week in Brief podcast, Tom Ellacott explains why he was impressed by BP's Q2 results, while Greig Aitken adds some further thoughts on BP's recently-announced US$10.5 billion acquisition in US unconventionals.
Andrew Harwood, Angus Rodger and Dan Toleman from Wood Mackenzie's Asia Pacific upstream research team discuss the past, present and future of project execution in Australia. As oil and gas companies look to invest again in growth, will they learn from their past mistakes?
Middle East and North Africa – In Brief for July 2018 Analysts from Woodmac's Middle East and North Africa team discuss two of the topics from July's MENA upstream in brief report – gas in Morocco and oil in the Kurdistan Region of Iraq.
Everything is accelerating in the Permian Basin including terminal decline rates for oil wells. The impact on well level economics is relatively insignificant, but what if using historical norms leads to some fairly inaccurate forecasting assumptions. Ryan Duman and Robert Clarke discuss our latest "Permian Risk" insight. To learn more and receive complimentary access to the insight click here: http://bit.ly/2KWp7PC
The Sub-Saharan Africa upstream research team discuss some of the key news stories over the past month. In this podcast, Gail Anderson, Tunji Alli and Lennert Koch discuss FID in Nigeria and the Majors entering into Mauritania.
We just completed a research trip to Port of Spain and Point Lisas where we met with operators, service companies, and stakeholders active in Trinidad's energy landscape. Tune in to our podcast to hear our take on some of the key trends in the country.
Nathan Nemeth and Stephen Kallir from the Canadian Upstream team discuss diluent in western Canada and why it is so important for both unconventional and oil sands producers.
After a prolonged downturn, deepwater E&P has seen consistent cost reductions (through simpler, faster, better delivered projects)and is attracting a growing share of global capital expenditure.
Luke looks ahead to the Majors' Q2 results calls later is week. Bumper earnings on the back of higher crude prices and robust refining margins will grab the headlines. But investors will want to know what companies plan to do with the windfall - pay down debt, increase distributions, or invest?
Will US supply peak sooner or later? Daniel Romero and Edward Sherfey discuss US Lower 48 Supply in the context of Wood Mackenzie's latest long-term oil market outlook. Short-term infrastructure constraints aren't going to slow the long-term boom.
Thoughts have now turned to who is going to pay for decommissioning and the knock-on effect it will have on production, capital investment and M+A. Strategic decisions will be heavily influenced by how the taxation system handles such costs. Two of Wood Mackenzie's petroleum taxation experts - Ross Millan (ross.millan@woodmac.com) and Aleks Popovics (aleksandrs.popovics@woodmac.com) - discuss some of the key takeaways from our recent report entitled "Upstream decommissioning: where's next and who pays?"
https://www.woodmac.com/reports/upstream-oil-and-gas-upstream-decommissioning-wheres-next-and-who-pays-22918
Kris and Obo share thoughts on last week's announcements by Anadarko, ConocoPhillips and Occidental: Anadarko and ConocoPhillips have upsized their share buyback programmes by US$1 billion. Occidental also nudged up its dividend.
Luke and Obo share thoughts on last week's big announcement: BP will buy a 16.5% in Clair (UK) from ConocoPhillips, bumping its stake to 45.1%; the US super-independent will buy BP's entire 39.2% stake in the Greater Kuparuk Area (Alaska), giving it 94.5%.
Angus Rodger and guests discuss the forecasting game, and how close to the mark we have been so far this year in our 'five things to watch in Asia Pacific in 2018' predictions. We also discuss the most interesting events and biggest surprises so far, including New Zealand exploration, Australian co-operation and Vietnamese politics.
Analysts from the MENA upstream team discuss some of the topics that they have written about over the last month – ranging from bid rounds in UAE and Egypt to the implications of OPEC’s latest meeting.
Luke Parker and Neivan Boroujerdi share thoughts in Eni's tie-up with Point Resources in Norway.
The Sub-Saharan Africa upstream research team discuss some of the key news stories over the past month. In this podcast, Gail Anderson, Jon Lawrence and Adam Pollard discuss contrasting fortunes for East African LNG and Angola’s continuing upstream revival.
Ruaraidh Montgomery, Principal Analyst – Corporate Research and Tom Ellacott, Senior Vice President, discuss the implications of ExxonMobil's latest discovery in Guyana
Analysts from the Latin America upstream research team recently returned from a trip to Buenos Aires and Neuquen, Argentina. We discuss key takeaways from our conversations including the latest on well designs, the local gas market, and cost reductions in the most important international shale play.
How can our new carbon metrics help you benchmark upstream oil and gas resilience to a low-carbon future? Wood Mackenzie's Chief Analyst Simon Flowers put audience questions to Amy Bowe and Akif Chaudhry as they introduced our new carbon efficiency metrics which can be used together to benchmark companies’ upstream portfolios from a low carbon and resilience perspective. They looked at why these two metrics (NPV/tonne and cash margin)are important for companies and investors to consider. Still have questions? Get your copy of the report "New metrics for benchmarking upstream resilience to a low-carbon future". http://go.woodmac.com/l/131501/2018-06-21/t54ys
Valentina Kretzschmar, Director and Giles Farrer, Director at Wood Mackenzie discuss Anadarko’s heads of agreement with Tokyo Gas and Centrica for the Area 1 LNG and what it means for LNG markets and the project itself.
The Permian Basin resource prize seems to grow with time. Pablo and Clay discuss our latest type curve updates and what the data means for the basin.
Valentina Kretzschmar, Director and Tom Ellacott, Senior Vice President at Wood Mackenzie discuss Repsol’s latest strategy announcement, which also articulated its shift into renewables.
Ashima Taneja discusses the highlights from APPEA, updates to the Carnarvon pipeline project and the build up to the next Australian LNG wave with Chris Meredith, Senior Analyst and David Low, Research Analyst dialling in from Perth.
Produced water comes at a cost in the Permian Basin. Will it cost operators barrels or margin in the long run? Ryan Duman and Edward Sherfey join to walk through our latest Permian produced water insight.
We consider the future for Santos after it rejects Harbour’s US$13 billion takeover approach.
Permian oil prices are growing cheaper and cheaper compared to international benchmarks. John Coleman and Edward Sherfey join to discuss the impact of infrastructure constraints in the Permian basin. What does it mean for operators and how bad could it get?
Cicero Machado shares the key takaways from his research trip visiting stakeholders and miners in Brazil with Mike Sinden.
FORMAT
0:00 Vale overview 3:50 S11D 4:26 Pellet Market 5:20 Samarco update 6:00 Changes in Systems and Complexes 7:38 Mina Rio update 11:50 Wrap up
Ruaraidh Montgomery, Principal Analyst – Corporate Research and Luiz Hayum, Analyst – Upstream Research, discuss Petrobras' Q1 results and its long-term outlook
Our US analysts explain why shale players' Q1 results weren't all roses during oil prices' rise.
Valentina Kretzschmar, Director, Luke Parker, Vice President and Tom Ellacott, Senior Vice President at Wood Mackenzie share insights on the Supermajors financial and operational performance reported in Q1 2018.
With the LNG supply demand balance set to turn in 2022, this month we hear from Saul Kavonic, principal analyst for Gas & LNG, on the outlook for new LNG project sanctions in the LNG space.
Greig Aitken and Scott Walker from our M&A team discuss upstream M&A activity in Q1 2018. A subdued start to the year received a ten billion dollar jolt near quarter end as Concho pounced on fellow Permian pure play RSP Permian. Meanwhile, SPACs and private equity kept busy, while Shell continued to make progress towards its US$30 billion divestment target.
Luke Parker, Vice President, and Valentina Kretzschmar, Director at Wood Mackenzie Corporate Research Team, discuss Total’s acquisition of Direct Energie and BP’s new strategy on energy transition.
Valentina Kretzschmar and Alan Gelder discuss Saudi Aramco's entry into what will be Asia's largest refinery – the proposed $44 billion Ratnagiri complex in India.
Will shale plays create value for operators in the long run? Robert Clarke sits down to discuss his recent insight "Lifecycle shale economics: where instincts end and analysis begins". The US unconventional track record to date isn't great, but it's not horrible either.
We look the latest proposal by private equity backed Harbour Energy for Australia’s Santos.
Listen to our new podcast in which the SE Asia upstream team, just back from a research trip to Bangkok, discuss the latest updates on Thai license expiries, the opportunities available, why this is so important for the country, the role of decommissioning and what we see happening next.
Stephen Kallir and Maren Stachnik from the Canadian Upstream research team discuss the Canadian Deep Basin and some of the challenges facing gas production in western Canada.
Brazil's Round 15 closes on the heels of two successful rounds in 2017. Brazil awarded roughly half of the offshore blocks on offer and continues its aggressive licensing push. Research Director, Horacio Cuenca, and Research Manager, Maria Cortez, sit down to discuss the results in the context of the upstream Latin America space.
Read more on our website: Could a bidding war erode Brazil's pre-salt value? https://www.woodmac.com/news/editorial/could-a-bidding-war-erode-brazils-pre-salt-value/
Stephen Kallir and Michael Hebert from the Canadian Upstream research team discuss the recent Montney key play update and some things to watch for in Canada's most prolific play.
Norman Valentine, Research Director, and Greg Roddick, Principal Analyst, run through the highlights of Eni’s 2018 investor day.
Tom Ellacott, SVP of Corporate Research, takes us through ExxonMobil and Chevron's 2018 Analyst Days.
WoodMac discusses Iraq's oil and gas sector after attending the annual Iraq Petroleum conference. Topics include why 2018 is different to 2017, five key conference takeaways, the main messages from WoodMac's presentation, what to look for this year and why the previous oil production ambitions were not met. Stewart Williams, VP of Middle East Research, interviews Ian Thom, Middle East Principal Analyst.
Valentina Kretzschmar, Bas Percival, and Greg Roddick discuss Total’s acquisition of Marathon Oil’s Libyan assets and what it means for both companies and country.
Julie Wilson and Elena Nikolova discuss the success of Pacora, ExxonMobil's seventh Guyana discovery
Alex Griffiths and Renate Featherstone, from the Wood Mackenzie steel markets team, discuss the global response to the US Department of Commerce’s results on the investigations carried out under section 232 into the impact on national security from imports of steel.
We discuss earnings season for the US E&Ps, and why many that reported last week saw their share prices fall.
Norman Valentine, Research Director, and Greg Roddick, Principal Analyst, from Wood Mackenzie’s Corporate team, discuss Woodside’s Scarborough deal and the broader outlook for the LNG sector.
This week we spoke to Julian Kettle, Vice Chairman , Metals & Mining, about the metals above and below Wood Mackenzie's long-term price expectations: - Zinc and aluminium: is there exuberance in the market? - Met coal and iron ore: waiting for the correction - Nickel and copper await their rallies
Andy McConn, Norman Valentine and Luke Parker discuss the big theme of Q4 reporting season – rising shareholder distributions.
Valentina Kretzschmar, Director – Corporate Research and Tom Ellacott, SVP – Corporate Research, discuss our latest Chevron corporate report.
Ruaraidh Montgomery, Principal Corporate Analyst, and Dat Ngo, Corporate Data Analyst, discuss the results and big winners from Mexico’s latest licensing round success.
Jan 2018 has been a busy month for M&A. What started with PERTAMINA’s merger with PGN, soon spread to ONGC, AWE and PTTEP. We examine the deals announced in the region and provide the wider context behind these moves.
This week, we spoke to Adrian Gardner, Principal Nickel Analyst, about the outlook for nickel. We discussed: • The increasingly clear path for Indonesian NPI production and the shift in its offtakers • A quick tutorial on nickel products, what downstream battery producers want and what the miners are producing • The outlook for Chinese electric vehicle subsidies and the impact on nickel imports • A wrap up on the nickel price outlook
Greig Aitken and Scott Walker from the M&A Service discuss five things to look out for in upstream M&A in 2018
Andrew McConn, Senior Corporate Analyst and Ruaraidh Montgomery, Principal Corporate Analyst, discuss Petrobras’ strategic priorities outlined in its new business plan
The Gulf of Mexico will set a new record for production in 2018. William Turner joins the Wood Mackenzie podcast to share what he is watching in 2018. Will costs fall and exploration activity rise?
More than $2 billion in transactions have been announced in Colorado's DJ Basin in the past several weeks. Maggie McDaniel sits down to discuss the deals and what was driving the recent surge in M&A.
we look at Statoil’s latest move in Brazil which sees it take 25% in the Roncador field
Woodmac discusses our recent report on the key things to look for in the Middle East and North Africa in 2018, including the investment forecast, gas production growth and discovered resource opportunities. Stewart Williams, VP of MENA Research, discusses the outlook for the region with three of our MENA upstream analysts, Stephen Fullerton, Homayoun Falakshahi and Bas Percival.
Woodmac discusses the key things to look for in 2018, ranging from companies looking to grow again, the M&A market and how the supply chain will fare. Tom Ellacott, Head of Corporate Research, joins Angus Rodger and Malcolm Dickson – upstream Research Directors, to talk through the big issues.
Greig Aitken and Scott Walker from our M&A team discuss November's upstream M&A activity. Deal activity strengthened for the second consecutive month, as North America held broadly constant and deal flow picked up elsewhere.
We look at Statoil’s decision to go ahead with oil development in Norway’s remote Barents Sea.
Iron ore prices exhibited an unexpected show of strength in late November, with prices lifting towards $70/t CFR by the end of the month. Alex Griffiths, Senior Analyst of Global Iron Ore and Steel Markets and Rory Townsend, Research Analyst for our Institutional Investor Service, discuss some of the themes shaping our short-term outlook.
Ashima Taneja discusses exploration results in Asia Pacific in 2017 and highlights the key wells to watch in 2018 with Angus Rodger, Research Director and Matthew Howell, Senior Analyst.
Read more from the Wood Mackenzie Asia-Pacific upstream month in brief: https://www.woodmac.com/reports/upstream-oil-and-gas-asia-pacific-upstream-month-in-brief-vietnam-lands-premiers-tuna-10300?utm_source=soundcloud&utm_medium=social&utm_campaign=wmresearch
Wood Mackenzie's North Sea in brief podcast on the latest UK budget and big deals from the majors.
Understanding the regulatory and financial risk - our methodology for the carbon benchmarking study by Wood Mackenzie
Ruaraidh Montgomery is joined by Roy Martin to discuss the key themes from our recently published insight on US shale gas producers.
Major takeaways from our latest meetings in Colombia and Peru. Oil and gas is running into headwinds driven by community apprehension and stalled by upcoming election cycles. Elena Nikolova and Pablo Medina sit down with Amanda Kupchella to share the latest.
Valentina Kretzschmar, Director – Corporate Research and Lucas Schmitt, Senior Gas and LNG Analyst, discuss Total’s acquisition of Engie’s LNG portfolio
Amy Bowe and Dr. Catriona Reynolds discuss the methodology they followed for "Positioning for the future: Benchmarking upstream corporate carbon emissions and value at risk".
Drilling and subsequent oilfield activity has "boomed" in 2017 compared to 2016 in the US. Jonathan Garrett and Evan Tikka join to share what they heard from the oilfield service providers in at the end of the third quarter.
Obo Idornigie is joined by Luke Parker, to discuss the key messages from Shell and BP's Q3 reported results, and priorities for Q4 and beyond.
Ashima Taneja addresses key questions on regional M&A failing to take off and growth in gas demand and supply in China with Research Directors, Angus Rodger and Andrew Harwood following their travels to North Asia in October
Greg Roddick and Luke Parker round-up Q3 earnings from ExxonMobil, Chevron, Total and Eni, and discuss the recent pre-salt licensing round in Brazil.
Brazil closes two additional oil & gas licensing rounds in the heart of the country's presalt acreage. BP, ExxonMobil, and Statoil were among the largest winners.
Wood Mackenzie's North Sea team give their views on Aker BP's acquisition of Hess Norway, and what could come next for the Ruby area in the Netherlands.
Tom Ellacott and Norman Valentine look at some of the key themes from our recent Statoil Corporate Service report.
Renewable power has grown rapidly in South Australia, changing the power mix and leaving the grid struggling to adapt.
Featured speakers; Nicholas Browne: Head of Asia Gas and Power research Saul Kavonic: Australia Energy research Bikal Pokarel: Principle Analyst– Asia Pacific Power & Renewables research
Norman Valentine and Adam Wilson review the importance of Statoil’s Verbier discovery in the UK’s Outer Moray Firth.
There's an Oklahoma boom that is only overshadowed by the Permian. Jessica VanSlyke sits down to share her thoughts on the Mid-Continent after client visits and DUG MidCon.
ExxonMobil continues its impressive string of exploration successes in Guyana with the Turbot deepwater discovery on the Stabroek block. The operator will next move to drill the Ranger prospect. Pablo Medina and Matt Blomerth join to discuss the latest
Ruaraidh Montgomery, Principal Analyst – Corporate Research and Tom Ellacott, Senior Vice President, discuss the implications of ExxonMobil's strong bidding in Brazil's 14th licensing round
Rising tensions in the South China Sea and a potential conflict in North Korea could have implications for investment across the energy value chain in Asia Pacific.
Featured speakers: Ashima Taneja: Senior Manager - SEA upstream research Hugo Brennan: Asia Politics Analyst (Maplecroft) Sushant Gupta: Research Director – Asia Pacific Refining
Exxon made a material entry into Brazil through the latest licensing round. Horacio Cuenca drops in from Wood Mackenzie' Rio office to share the latest.
Wood Mackenzie's North Sea team give their views on future potential from the Norwegian Barents, the UK's fractured basement play, and the new Ruby discovery in the Netherlands.
Valentina Kretzschmar, Director – Corporate Research and Tom Ellacott, Senior Vice President, discuss Anadarko’s share buy-back and Total’s strategic priorities
Dr. Gavin Law and Amy Bowe discuss our new study, "Positioning for the future: Benchmarking upstream corporate carbon emissions and value at risk".
Martin Kelly, head of Wood Mackenzie's corporate analysis team, is joined by Tom Ellacott, SVP Corporate Analysis to discuss the key points of BP's contract extension at ACG in Azerbaijan, as well as its announcements in the US regarding its midstream business and the merger of Pan American Energy with Axion in Latin America.
Will future wells in the Permian disappoint our current expectations because the geology can only support so many wells? With the latest chatter on parent and child wells you have to consider the implications. Robert Clarke discusses our latest geology vs technology insight.
Greig Aitken is joined by Rosneft analyst Valentina Kretzchmar and Michael Moynihan from the Russia upstream research team, to discuss the implications of CEFC's acquisition of a stake in Rosneft from the Glencore / Qatar Investment Authority consortium.
Greig Aitken and Scott Walker from our M&A team discuss August's upstream M&A activity. An otherwise quiet month was enlivened by Total's US$7.45 billion takeover of Maersk Oil. Meanwhile, BHP's plans to exit US unconventionals puts a material package of shale assets into play.
A weekly insight from our Chief Analyst on the issues shaping the energy and natural resources industry.
Read more from Simon at: woodmac.com/theedge
Max Crawford of WoodMac's oil supply team joins us to talk about global production decline rates in the face of massive investment cuts.
Ross Millan and Gail Anderson discuss the new upstream fiscal terms proposed in Nigeria, the key drivers behind the fiscal reform and what this could mean for investors.
Ashima Taneja from our Asia Pacific upstream research team speaks with Max Petrov, Senior Analyst from the Corporate Service to discuss highlights and strategies of the Asian NOCs following the H1 2017 earning announcements.
Our Houston-based Corporate analysts discuss BHPs decision to exit its US Lower 48 business
Summer NAPE's business conference included a discussion panel where we discussed what we're hearing from clients and seeing in our research. Don't miss our discussion on the Permian, SCOOP/STACK, Eagle Ford and more.
Valentina Kretzschmar, Greig Aitken and Max Petrov discuss Total’s acquisition of Maersk Oil.
Our Houston-based Corporate analysts discuss key observations from last week's Latin American NOC's Q2 results
In this first podcast from Wood Mackenzie's North Sea team, we round up highlights from the region's upstream activity in the first half of the year. Mhairidh Evans, Erin Moffat and Roddy Moody give their views on big deals and the projects to watch.
Over the last few years there has been a resurgence in Egypt’s upstream sector. Stephen Fullerton, Wood Mackenzie’s upstream Egypt analyst, and Martijn Murphy, Upstream North Africa Research Manager, discuss the main drivers behind this.
For more information on our Egypt Gas Market Study please email stephen.fullerton@woodmac.com
Gas to oil ratios in the worlds' hottest oil play have hit headlines over the past week. Purvi Indras and Ben Shattuck joined to explain GORs and what we heard from Pioneer.
Our Houston-based Corporate analysts discuss why Pioneer's share price took a hit last week, the read-through for other Permian players, and whether companies adjusted growth plans.
Greig Aitken and Scott Walker from our M&A team discuss the low-key start to H2 2017. Notable recent deals include Shell exiting Ireland; PE buying in L48 as Halcon and QEP pivot to the Permian.
Permian rig count is approaching an all time high, QEP resources flips more of its portfolio into the Permian, and Maggie McDaniel shares what she heard at URTeC 2017 in Austin, TX.
Ashima Taneja and Angus Rodger from our Asia Pacific upstream research team get together with Zhi Xin Chong, Principal Analyst for Asia Pacific gas and LNG to discuss LNG demand in South East Asia, emerging buyers and the outlook for LNG backfill options in Australia.
A weekly insight from our Chief Analyst on the issues shaping the energy and natural resources industry.
Read more from Simon at: woodmac.com/theedge
We preview the Q2 reporting season and look at how tight oil players might respond to recent price weakness.
Halcon sold its Bakken acreage and showed the market it was undervalued in a big way. The company is now a pure play Permian operator. Chevron sold more in the shallow Gulf of Mexico and Devon announced an impressive STACK well. Jonathan Garrett joined to share his view on the wave of oilfield service M&A. Watch for new technologies to emerge.
Obo Idornigie and Greg Roddick, Principal Analysts, Corporate Service, share their thoughts on Premier and Eni's shallow water discoveries in Mexico.
Talos, Sierra, and Premier announced the first major oil discovery in Mexico since energy reform started in 2013. The Zama Field is estimated to hold more than 1.5 billion barrels of oil equivalent. It's one of the largest shallow water fields discovered in the past 20 years and the first discovery by a privately owned company in almost 80 years.
ENI also announced a successful appraisal result in Mexico and another phase of licensing is closing on July 12th.
Also, Statoil spent almost $400 million to acquire additional interest in the Carcara Field in Brazil.
May and June were busy months for oil and gas announcements. Some areas are getting bigger and better with the Wolfcamp A and C, as well as the Sycamore in the Mid-Continent. Clay Lightfoot joins to share the biggest news of the summer.
Valentina Kretzschmar, Director - Corporate Research and Giles Farrer, Director – Global Gas and LNG Supply, discuss the implications of Qatar’s plans to increase its LNG capacity on global gas markets, as well as regional and corporate dynamics.
Adele Long, Saul Kavonic and Matt Howell from our Asia Pacific upstream research team discuss the latest happenings in the Australian upstream sector focusing on Prelude's journey to Australia and the Government's introduction an export restrictions policy. Twitter @WM_UpstreamAPAC twitter.com/wm_upstreamapac?lang=en
Valentina Kretzschmar, Director - Corporate Research and Homayoun Falakshahi, Senior Middle East and North Africa analyst, discuss Total’s signing of the first ever Iranian Petroleum Contract (IPC).
Zoe Sutherland from our Corporate team is joined by Roy Martin to discuss EQT's US$8.1 billion acquisition of Rice Energy in the Marcellus.
Luke Parker and Tom Ellacott from Wood Mackenzie’s Corporate Research team share their thoughts on a big week for project sanctions, with ExxonMobil and BP green-lighting deepwater developments in Guyana and India.
Greig Aitken, Principal Analyst M&A Service, and Scott Walker, Research Analyst M&A Service, discuss upstream M&A activity in May along with the latest deal rumours.
Ashima Taneja and Angus Rodger from our Asia Pacific upstream research team discuss the latest regional oil and gas developments, focusing on recent exploration licensing round announcements and the outlook for pre-FID projects in Asia. Twitter @WM_UpstreamAPAC https://twitter.com/wm_upstreamapac?lang=en
Valentina Kretzschmar from our Corporate team is joined by Paul McConnell from our Global Trends team to discuss the US withdrawal from the Paris Climate Change Agreement.
Greig Aitken from the M&A team and Kevin Swann from the UK Upstream team share their thoughts on the lead story of the week: the DONG INEOS deal.
Valentina Kretzschmar and Greg Roddick from Wood Mackenzie’s Corporate Research team share their thoughts on the weeks oil price movements, and Eni’s recent project delivery success.
Obo Idornigie, Principal Analyst Corporate Service, and Greig Aitken, Principal Analyst M&A Service, share their thoughts on the Kosmos/BP 15tcf gas discovery in Senegal and Neptune's acquisition of ENGIE's E&P business.
Andy McConn and Roy Martin from Wood Mackenzie's Corporate Research team share their thoughts on last week's Q1 results.
The Vaca Muerta shale development in Argentina is getting bigger. Maria Cortez and Elena Nikolova sit down to discuss our recent development update and what they believe the future holds for unconventional development in Argentina.
After a few years of grappling with low oil prices, the oil sands got a jolt with close to US$25 billion in M&A deals announced in March and April 2017. Shell, Marathon and ConocoPhillips divested of most of their oil sands holdings while Canadian oil sands operators, Suncor, Canadian Natural Resources and Cenovus scooped up assets recently to further cement their status as the key operator's driving the oil sands' future. Peter Argiris, Principal Analyst on the Institutional Investor Service team, and Stephen Kallir, Canadian Upstream Analyst, discuss what the consolidation means for the industry today and going forward.
Tom Ellacott and Valentina Kretzschmar from Wood Mackenzie's Corporate Research team share their thoughts on last week's Q1 results.
Off the back of the announcement today from ConocoPhillips' on the sale of their San Juan Basin assets to Hilcorp Energy Company affiliate, we provide a quick reaction to this major deal announcement. The total consideration of the deal is up to US$3 billion, with US$2.7 in cash and a contingent payment of up to US$300 million, making this deal one of largest in the US Rockies region in recent memory as well as one of the few US L48 deals outside of the Permian this year.
A string of exploration successes in Alaska have added some excitement in the state. Julie Wilson and Alison Wolters discuss who is active in the area and share when they believe the projects will get to first oil.
Results from the March 2017 Gulf of Mexico oil and gas lease Sale are in and there are a few surprises. Gordon Loy and Omar Garza discuss the results and companies that stand out.
Big day in oil and gas deals. Almost $15 billion in assets changed hands between Marathon, Shell, CNRL, Exxon, and others. Nathan Nemeth breaks down our view of the oilsands in Canada.
Winter NAPE 2017 review. Robert Clarke shares his thoughts on the show and what prospects stuck out from the exhibits.
Winter NAPE is here. Robert Clarke previews his presentation at the business conference and his expectations for the exhibit. Wood Mackenzie will be at Booth 2526
Parsley Energy is acquiring Double Eagle in a $2.8 billion transaction. Jackson Sandeen discusses the deal and how it fits into the Permian M&A boom.
Alberta is implementing a carbon emissions cap and oil sands operators are forced to react. Stephen Kallir talks about the new legislation and how it will impact the future of development in Canada's oil sands.
I apologize the sound isn't as clear as usual. I had to record this one away from my office.
Jackson Sandeen and Ben Shattuck discuss the US production outlook, improving well results, higher costs and other risks to our 2017 assumptions. What should you watch for in 2017?
Quick reaction to the announcement that ExxonMobil is spending $6 billion to acquire the Bass Brothers' oil and gas company Bopco. Assets are primarily located in the Northern Delaware basin of the Permian.
Oil and gas investment is rising in 2017. Colin Rice and Jessica Van Slyke sit down to discuss their latest Lower 48 upstream breakeven analysis and benchmarking report.
R.T. Dukes sits down with Ann-Louise Hittle to discuss the oil market. What happened leading up to the latest OPEC meeting and what are we watching going into 2017.
Wood Mackenzie's US Corporate research team sits down to discuss the major takeaways from earnings season. Who is set up to grow into 2017?
Tom Ellacott shares what he learned from the Major's earnings calls and Jonathan Garrett and Caitlin Shaw share what they expect from the new Baker Hughes.
Robert Clarke recaps the Chesapeake Energy analyst day. The company shared its vision for a "New Chesapeake" and how it has transformed to possibly retake a spot as one of the best US operators.
Discussing important changes in the oil & gas industry each week with Wood Mackenzie expert analysts.
Jonathan Garret and Ben Shattuck sit down to discuss a recent road trip with institutional and financial clients. Topics include the hot upstream deal market and expectations in the major oil plays
EOG Resources spends $2.5 billion to merge with Yates Petroleum and Apache announces its Alpine High discovery in the Permian Basin. Andy McConn from Wood Mackenzie's corporate research team contributes.
Podcasts from the leading provider of analysis in the oil & gas, energy, metals, and mining sectors.
The "Crude for Thought" podcast will have 5 minutes each week covering important changes in the US oil & gas industry