Wood Mackenzie

This years’ Offshore Technology Conference is full of people working on ways to diversify away from just oil and gas.

As European majors push hard and fast to decarbonize energy and move into new and renewable sources, US majors are focusing on cleaner, more efficient hydrocarbons. Which approach and which companies will gain the upper hand?

Wood Mackenzie is bullish on the future of global LNG demand. Chief Analyst Simon Flowers outlines the risks ranging from spot prices, project economics, and environmental concerns.

Apache, Qatar, and Shell clinch best discovery, best new venturer, and energy transition leader.

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, said Wood Mackenzie.

The drop in US LNG exports comes amid a combination of weak demand, ample supply, additional capacity coming on line, and flexibility to cancel US cargoes.

Although oil prices were down on 8 June, the market is expected to see higher prices in response to the OPEC+ decision to continue production cuts.

Forecasts are lowered for levels of E&P, budgets, and project sanctioning.

Even before the global pandemic impacted markets, decommissioning work in the North Sea region was expected to increase. Global decommissioning projects could reach $42 billion by 2024.

Delays and disruptions have stymied project plans in the past few months. How will companies prevent current stresses from morphing into catastrophic issues?