Wood Mackenzie
-
Rystad Energy and Wood Mackenzie highlight key factors shaping the balancing act in the upstream oil market. -
Delayed decommissioning has been a theme on the UK Continental Shelf thanks to legal, regulatory, and technical hurdles, the report says.
-
Wood Mackenzie analysis projects a full repeal of the Inflation Reduction Act is unlikely, while industry proponents urge permitting overhaul and loosening of burdensome regulations.
-
Government grants and tax incentives will drive carbon capture, storage, and/or utilization projects in the next decade as the industry seeks profitable business model.
-
With mobilization in China normalizing, new Wood Mackenzie analysis expects the country to account for almost 40% of global growth in oil demand this year.
-
Record prices and the need for energy security are driving US LNG market momentum.
-
Wood Mackenzie said "advantaged barrels" that are cheap to extract and with low emissions represent less than a third of untapped resources.
-
Namibia, Brazil, and Algeria scored major discoveries in 2022 as the industry drilled fewer exploration wells but found better and larger prospects.
-
By 2030, deepwater production is expected to rise 60%, but after that, reduced leasing and exploration could limit this small slice of the sector.
-
It's not just about how much resource is left in the ground. The world's super basins will also need ample access to renewable energy and carbon storage in order to remain competitive in the upcoming decades.
Page 1 of 4