Project approvals give North Sea burst of ‘old and new’ money
The Oil and Gas Authority’s approval of two North Sea projects has given the basin an injection of “old and new” money, an analyst has said.
Wood Mackenzie
Shell gives North Sea FID number 11 this year, six more to go, Woodmac says
Shell’s decision to go after gas from the Arran field gave the UK North Sea its 11th project sanction of 2018.
Oil price rally boosts electric car sales
Tesla's competition is about to get more crowded next year with many legacy automakers and luxury brands launching a record number of battery electric vehicles and plug-in hybrids.
Equinor’s Rosebank return to give project lift off, analysts say
Equinor’s takeover as Rosebank operator will give impetus to a project which has stuttered since the field was discovered in 2004, analysts said.
Buyer of Chevron’s Rosebank stake ‘will need deep pockets’, says Woodmac
Any buyer of Chevron's North Sea Rosebank stake will "need to have very deep pockets", according to a Wood Mackenzie (Woodmac) research chief.
Oil majors ‘well-positioned’ to compete in renewables market, Woodmac says
Oil majors are "well-positioned" to compete in the renewables sector, despite currently owning less than 2% of the market, a Wood Mackenzie (Woodmac) report said.
Azinor ‘could have the next Buzzard’ as it seeks 2019 partners
Bosses at UK North Sea minnow Azinor Catalyst bosses say they “could have the next Buzzard” in their portfolio.
ONS 2018: UK North Sea in project sanctions ‘mini boom’, analyst says
The UK North Sea has enjoyed a “mini-boom” in final investment decisions (FIDs) this year, an analyst has said.
ONS 2018: ‘Hot’ Norwegian market leads ‘cautious’ supply chain recovery, Woodmac says
Norway's offshore industry is leading the oil and gas supply chain's "cautious and gradual" recovery, an analyst has said.
Full North Sea exit for ConocoPhillips ‘seems likely’, analyst says
US oil major ConocoPhillips' full withdrawal from the UK North Sea "seems likely" after it agreed to sell a stake in the Clair field, an analyst said.
Brutally competitive market will keep rates low as lines blur between operators and suppliers
The oil and gas supply chain is likely to have to keep a lid on its rates for another couple of years as the market remains “brutally competitive”, an analyst has said.
Africa’s hidden oil hub grows after making millions for traders
For oil traders, there’s no place quite like Saldanha Bay. When prices slumped in 2014, trading houses generated outsize profits by storing millions of barrels of crude in the deep-water harbor north of Cape Town.
Experts ‘excited’ by North Sea operators’ urgency
Oil industry experts said they were “excited” by operators’ plans to get straight to work following the latest North Sea licence auction.
Licensing round shows big boys not ready to leave North Sea yet, analyst says
The 30th North Sea licensing round proves big players are not ready to leave UK waters yet, an analyst said today.
OTC 2018: Final piece of Gulf of Mexico puzzle close to being found
Oil firms are less than two years away from finding the final piece of the puzzle for unlocking the US Gulf of Mexico’s deepest bounty, an analyst has said.
China’s shale output to almost double by 2020, Woodmac says
Chinese shale gas production will almost double between now and 2020, energy consultancy Wood Mackenzie (Woodmac) has predicted.
BP investment decision signals ‘change in tack’ for oil major
BP's decision to push ahead with the development of the Alligin and Vorlich fields signals a change in tack from the energy giant, an analyst has said.
Statoil rebrand a ‘bold reinforcement’ of low carbon shift, Woodmac says
Norwegian major Statoil's name change is a "bold reinforcement" of its commitment to the energy transition, an analyst has said.
New conventional projects can compete with US shale, Woodmac analyst says
New conventional oil projects can compete with US shale on value after three years of cost cuts and efficiency drives, an analyst said today.
BP’s discoveries show life in the North Sea ‘old dog’ yet
BP’s two new oil discoveries prove there is still life in the “old dog” that is the North Sea, an analyst said yesterday.
$100bn clean-up bill awaits Asia’s old offshore oil wells
Getting old is expensive if you’re an oil well.
Industry hits back on solar tariff as Trump ‘continues war on renewables’
US President Donald Trump’s decision to slap tariffs on imports of solar cells coming from Asia has been met with anger from the energy sector.
North Sea set for bumper year of project sanctions, Woodmac says
The UK North Sea will enjoy a bumper year for production and new project sanctions in 2018, a new report says.
Gulf of Mexico to rally in 2018, say WoodMac
The US deepwater Gulf of Mexico is to achieve a comeback in 2018 after years of hardship, according to a Wood Mackenzie prediction.
Fierce competition for exploration targets in 2018, Woodmac says
Energy consultancy Wood Mackenzie (Woodmac) said today that competition for the best exploration targets will be “fierce” in 2018.