Wood Mackenzie Forecasts Continued Growth in the Permian Basin in the United States
One of the world’s largest oil provinces—the leading shale basin in the United States—continues to ramp up production. According to Wood Mackenzie analysts, crude oil and condensate production in the basin is expected to increase by 200,000 barrels per day this year, reaching 6.6 million barrels per day, despite operators …
Oil Majors Begin Exploration Renaissance – WoodMac
Oil and gas exploration spending is recovering from pandemic lows. Wood Mackenzie reports that after record profits in 2022, oil majors have more courage, and the ESG agenda in many countries has faded into the background amid the energy crisis. Britain’s Shell and BP and France’s TotalEnergies said this year …
Contrary to the Aspirations of the “Greens”, an Increase in Geological Exploration for Oil and Gas is Predicted
Oil and gas exploration spending will recover and average $22 billion a year over the next 5 years, Wood Mackenzie says The growth of exploration work will occur due to the need to bring new hydrocarbon deposits into operation. It is noted that in 2006-2014, exploration experienced a boom, its …
Rosneft Recognized as the Best National Exploration Company in the International Rating Wood Mackenzie
PJSC NK Rosneft won the Best National Geological Exploration Company nomination in the international rating of the Wood Mackenzie analytical company at the end of 2020. Increasing oil and gas reserves is one of the key objectives of the Rosneft-2022 Strategy. The company has committed itself to replenishing at least 100% …
ACG Still Has Billions of More Barrels to Recover: Wood Mackenzie
There are still billions more barrels to recover and billions of dollars to invest in Azeri-Chirag-Gunashli (ACG), Ashley Sherman, Principal Research Analyst – Caspian & Europe at Wood Mackenzie research and consulting company told Trend. He made the remarks on the occasion of the 25th anniversary of signing of the Contract …