Wood Mackenzie

The confluence of alternative energies, shifting public sentiment, and the industry’s own improvements to existing fields may upend the industry’s “engine of growth.”

In its first 50 years, LNG has become the world’s fastest-growing gas supply source and is now part of an upheaval in the global energy market. Today, the sector stands at a crossroads, and the industry must adopt new thinking to address current and future needs of buyers, sellers, and consumers.

Financially healthier than in years past, operators are prepared to stave off the negative impacts of volatile oil markets in 2019 and advance their exploration and development programs.

ExxonMobil’s ninth discovery offshore Guyana solidifies the area as a premium offshore basin.

Production from older wells in the Permian Basin is declining faster than widely assumed, according to a new study. If this trend holds, it could lead to problems for companies that are depending on those wells to pay for future development or to justify a big acquisition.

Falling costs and breakeven prices, increased operational efficiencies, and favorable government policy are at the heart of a potential short-term boon in Gulf of Mexico production.

With portfolios that in some cases look dramatically different from a few years ago, the majors now have the ability to think about long-term upstream growth through deal making.

With their newly refined portfolios, operators are looking toward growth in the coming years but will remain cautious given ever-changing industry economics.

Projections of future production in the Permian Basin may came up short because new wells drilled near older ones are likely to yield less.

This well-established oilfield consultancy explains why 2020 might be a big year for the unconventional sector.