KrisEnergy's plans for Cambodia's first oil development might not open the floodgates to more upstream investment in the South-East Asian nation, according to an analyst.
The number of upstream projects sanctioned globally is on course to double this year as the sector’s recovery continues, an energy consultancy has said.
Scottish energy consultancy Wood Mackenzie (WoodMac) says global oil and gas exploration in mature basins remains focused on high-margin, low-cost and near-field prospects.
Oil majors will switch more capex from upstream projects to renewables over the next 20 years as green power starts yielding greater returns, a new report said.
There is much at stake for North Sea oil and gas in the next Scottish independence referendum, whenever it happens, according to a new report.
Upstream oil and gas companies may be quietly optimistic about the outlook for 2017 but many remain cautious, according to a report by Scottish energy consultancy Wood Mackenzie (WoodMac).
Investment in global upstream oil and gas projects will grow this year for the first time since crude prices tumbled in 2014, a new report says.
Scottish energy consultancy Wood Mackenzie (WoodMac) says renewable-energy could grow nearly 500% globally over the next 20 years, with coal and oil demand peaking well before 2035.
US data group Verisk Analytics has agreed to buy Scottish oil and gas research specialist Wood Mackenzie (WoodMac) for £1.85billion. The falling price of a barrel of oil is thought to have led to a boom in consultancy services such as that provided by Wood Mac, as energy companies seek to trim operating costs and take a more strategic look at investments.