EDINBURGH/HOUSTON/SINGAPORE, 12 May 2017 – Last night’s announcement of the 100-day action plan between the US and China has the potential to alter global LNG trade, opening the door of the world’s largest LNG growth market to the world’s fastest-growing LNG supplier. Under the action plan, which falls under the framework of the US-China Comprehensive Economic Dialogue, Chinese companies can now negotiate long-term contracts to source liquefied natural gas from US suppliers, the US Commerce [Read more]
WoodMac: Key trends in Canada’s oilsands
Canada's oil sands hold a massive known resource base of 170 billion recoverable barrels. Wood Mackenzie's oil sands key play report breaks down the projects to the phase level to understand what makes the sector tick. A total of 81 phases, covering 35 projects, are assessed and benchmarked to understand the opportunities as well as the risks. Below are key points from WoodMac's analysis: Production growth slows post-2020 Wood Mackenzie forecasts commercial projects to approach 3.5 [Read more]
Oil price downturn proves less is more for explorers
New research shows upstream sector is adjusting to the new economics of exploration, with industry facing a leaner - but potentially more profitable - future EDINBURGH/HOUSTON/LONDON/SINGAPORE – 20 September 2016 –- The upstream exploration sector is still grappling with the oil price downturn, but new research from Wood Mackenzie indicates that the industry is poised to emerge from the slump leaner, more efficient and more profitable. Dr Andrew Latham, Vice President of exploration [Read more]