North Sea body accuses CCC climate report of being ‘paradoxical’
North Sea trade body Offshore Energies UK (OEUK) hit out at a new report today from the Committee on Climate Change, describing the findings as "paradoxical".
Wood Mackenzie
TotalEnergies wins WoodMac exploration gong for Venus find
Latham said the industry admired “operators who can not only open new frontiers, but also find large volumes of advantaged resources. TotalEnergies recent efforts and discoveries have been excellent examples of both trends.”
WoodMac hails Total’s shallow-water find as biggest in a decade
“However, there are challenges. Nigeria is not known for short lead-times, particularly where JV projects are concerned."
WoodMac tips drilling rig day rates to hit $500k by year end
Day rates for securing drilling rigs are being forecasted to rise further as the oil and gas sector continues its bounce back.
‘Exactly what Harbour Energy needs’: Talos deal would set merged firm up for growth
A deal makes sense for both Harbour and Talos Energy.
WoodMac: almost £25bn of UK energy investment faces chop if Labour take power
Analysis from consultancy Wood Mackenzie has laid bare the potential impact of Labour’s controversial opposition to new North Sea licensing.
Dangote’s refinery will rewrite Atlantic Basin trade
One challenge of the project being so delayed is that the longer equipment is on site, the more it risks degrading.
$5bn worth of oil and gas assets up for sale in Southeast Asia
Around three billion barrels oil equivalent (boe) of resources,worth a total $5 billion are on the market, in Southeast Asia.
US scaling up export options, WoodMac says, despite inflation
“The combination of low fees and increasing costs mean we estimate unlevered internal rates of return (IRRs) as low as 5-6% for some projects. Based on these returns, some projects are finding it challenging to secure finance, particularly via equity raises,” said Harrison.
Scarce high quality oil and gas supplies a threat to ‘healthy energy transition’, says WoodMac
A lack of high quality oil and gas reserves could hamper the pace of decarbonisation as the energy transition gathers pace.
$24bn subsea spend eyed in Asia Pacific over next five years
Some $24 billion is expected to be spent on subsea and offshore pipelines in Asia Pacific over the next five years, data from energy research firm Wood Mackenzie shows.
2022 best year in a decade for new global oil and gas discoveries, says WoodMac
Last year was a bumper one for the global oil and gas exploration sector as it enjoyed its strongest 12 months in more than a decade.
Cambo: A year since Shell decided not to invest
Its more than a year since Shell (LON: SHEL) said it wouldn't invest in the Cambo oilfield, but as the project approaches a green light, the firm is weighing whether to stick or sell up its stake.
Wood Mackenzie: Review could address ‘fundamental flaws’ in UK energy tax
Wood Mackenzie looks at the impact of the latest government windfall tax policy and how this could affect the direction of the energy industry over the coming year with a full review of the sector’s fiscal system set to be undertaken.
More North Sea operators tipped to exit basin in 2023
Further North Sea oil and gas players are being tipped to up sticks next year as companies look to streamline their portfolios.
Your 2023 North Sea forecast: Cambo, Rosebank to drive spend to 20 year high, but it’s ‘now or never’
When this edition of the Energy Voice supplement was published a year ago, the North Sea oil and gas industry was in the doldrums.
WoodMac names five UK North Sea wells to watch for 2023, with potential play-openers included
Plays by Shell (LON: SHEL), TotalEnergies (LON: TTE) and Ithaca Energy (LON: ITH) are listed amongst Wood Mackenzie’s UK North Sea wells to watch.
Westwood Global appoints new hydrogen boss from WoodMac
Energy research and consultancy firm Westwood Global Energy Group has appointed a new director of hydrogen.
Southern North Sea ‘priority clusters’ could yield 1 trillion cubic feet of gas
Priority clusters, earmarked for speedy development by the industry regulator, could deliver enough gas to meet 40% of the UK’s yearly demand.
‘The West has a lot to learn from Asia on diversity and inclusion – it just looks different here’
Studies suggest that many people in Asia see diversity, equality, and inclusion (DEI), as a Western concept, shaped by Western experiences and Western values, according to PwC.
Chinese activity drove global wind turbine orders to new record in Q2
Global wind turbine orders hit 43 gigawatts (GW) in the second quarter of the year, a new record.
Australia primed to become green hydrogen powerhouse
With some of the cheapest solar and wind costs in Asia Pacific, as well as virtually unlimited land resources, Australia has great potential to be a leading exporter of green hydrogen.
Energy industry pays tribute to Queen Elizabeth II
Figures from the energy industry have added their voice to mourners around the world following the death of the Queen.
WoodMac: Windfall tax ‘wipes out’ 20% of North Sea corporate value
Wood Mackenzie researchers say the government’s windfall tax measures are likely to wipe around 20% off the value of North Sea operators on average, with the impact largely dependent on current tax and investment status.
Norway steps up for Europe’s energy security
Russia's invasion of Ukraine has brought energy security into the spotlight and Norway is stepping up to meet demands while providing stable finances for producers and leading the way in decarbonisation.