New wave of growth on the horizon for Asia-Pacific's oil and gas sector

• 15 October 2018

Asia-Pacific's oil and gas sector looks set to rebound over the next 12 months as rising demand, stronger commodity prices and an uptick in M&A activity bring greater confidence to the region. Wood Mackenzie predicts rising Asian LNG demand, the return of China's NOCs to growth mode and new appetite for upstream investment to be key factors influencing the sector, not only Asia-Pacific, but also globally into 2019.

India to overtake China as world's largest oil demand growth centre by 2024

• 03 September 2018

India's oil demand is expected to grow by 3.5 million barrels per day (b/d) from 2017 to 2035, accounting for one-third of global oil demand growth. India's demand is driven by rising income levels, an expanding middle class and a growing need for mobility.

Rise in new players in Southeast Asia's upstream sector

• 28 June 2018

Since the fall in oil prices in 2014, oil majors and international oil companies (IOCs) have accelerated a shift towards resource themes and regions offering higher returns, lower complexity and shorter timeframes, away from the more challenging regions such as Southeast Asia. To date, close to 800 million barrels of oil equivalent (boe) of the region's resources have left the hands of majors and IOCs.

US gasoline demand poised to decline by over 1.7 million b/d by 2030

• 20 March 2017

Gas demand may be nearing a new peak due to stringent fuel efficiency standards and shifting demographics.

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

• 23 February 2023

The total global announced capacity for hydrogen projects reached 71.4 million tonnes per annum (Mtpa), but 2022 falls short of becoming a record year according to latest analysis from Wood Mackenzie.

North American net energy-related emissions to fall 20% by 2030, according to Wood Mackenzie

• 03 March 2025

According to a recent report from Wood Mackenzie, 2030 net energy-related emissions from the North American power sector are set to fall by 20% compared to 2024 levels. The "Energy Transition Outlook 2024-25: Americas" report shows that in Wood Mackenzie’s base case outlook, main drivers of this activity in North America will be lower emissions from the power sector, which are set to decline 24% by 2030, and the acceleration of transport electrification.

Decisive action needed to achieve net zero by 2050, as world is currently on path for 2.5 ˚C to 3 ˚C global warming

• 29 October 2024

A string of global shocks has likely put 2030 emissions reduction targets out of reach. But with decisive action, there is still time to reach net zero emissions by 2050, according to Wood Mackenzie’s ‘Energy Transition Outlook’ report, a milestone assessment of the global journey towards a lower carbon future.

CCUS growth challenged by current economics

• 10 October 2024

Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Peter Findlay, research director and head of CCUS economics for Wood Mackenzie, said that despite a growing market for carbon capture, utilisation and storage (CCUS), economics remain challenging, and many potential projects are at risk.

CO2 utilisation potential as key global decarbonization tool limited by current economics

• 26 August 2024

Carbon Capture Utilisation and Storage (CCUS) is a crucial element in global decarbonisation, but current economics limit CO2 utilisation deployment as high costs and insufficient subsidies hinder the market, according to a recent report from Wood Mackenzie.

Increasing subsidies for anthropogenic carbon capture destined for CCS-EOR to levels for CCS-Storage would lower global emissions

• 26 July 2024

Captured CO2 for enhanced oil recovery (CCS-EOR) has fallen out of favor in recent years and been supplanted by captured CO2 to dedicated sequestration (CCS-Storage), however, a new analysis shows that CCS-EOR will often deliver lower emissions and better support the energy transition, according to a series of reports from Wood Mackenzie.

Increased private investment needed in Mexico to meet expanding demand for energy

• 23 May 2024

With a presidential election looming, Mexico is facing several energy challenges, including declining oil and gas production, a need to increase exploration activity, a high dependence on gasoline imports, a constrained power supply and public pressure to transition to renewable energy. All this is occurring as domestic demand continues to grow through the decade, according to a report from Wood Mackenzie.

US energy dominance faces long-term challenges

• 17 April 2025

While the United States currently dominates global oil and gas production, it faces significant challenges to maintaining the same level of leadership in the coming decades, according to the latest Horizons report from Wood Mackenzie.

Industry leaders to speak at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference 2025

• 23 July 2025

Now in its third year, Wood Mackenzie's Carbon Capture, Utilization and Storage Conference 2025 will bring together expert analysts and industry leaders in Houston, October 8-9.

Distress in energy and natural resources

• 22 May 2020

Helping investors evaluate opportunities in energy and natural resources during the Covid-19 crisis

ESG For Energy & Natural Resources

• 02 November 2020

Defining and demonstrating ESG best practice has become a strategic imperative for the energy and mining sectors – and one of the most complex challenges.

Conventional exploration – playing devil’s advocate

• 06 June 2017

Andrew Latham, our Head of Exploration Research, has built a global creaming curve for conventional exploration outside the USL48. Three themes stand out.

Keeping the LNG bandwagon rolling

• 12 September 2024

The LNG industry is on a roll. But the pace of future growth can’t be taken for granted. Ahead of next week’s Gastech conference in Houston, we identify three structural challenges that must be addressed to keep the LNG bandwagon rolling.

A Biden administration: implications for the energy industry

• 09 November 2020

The energy sector faces a very different future under President-elect Biden. What are the implications for the oil market? How will key US geopolitical relationships change? And can a Biden administration push through its climate change goals?

Attack on Saudi Arabia's oil facilities

• 16 September 2019

This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

CCUS’s breakthrough year

• 16 January 2025

Explore the latest trends in CCUS as 2025 shapes up to be a breakthrough year, with rising optimism and record FIDs expected. Learn about project financing, policy support and the companies leading the charge in carbon capture and storage.

Coronavirus pushes oil towards the abyss

• 06 April 2020

As demand collapses, how will the market deal with oversupply? Find out in this week's Edge.

Three forces weakening US dollar’s grip on commodity pricing

• 04 November 2019

In the commodity world, the US dollar is king. The currency dominates pricing and payments of energy and metals. In this new piece of research Principal Economist Perter Martin asks whether dollar dominance is set to end.

Can upstream cost savings stick?

• 15 December 2017

The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

Biden, China and politics of energy

• 11 November 2020

As the new administration looks to take the US back into the Paris climate agreement, will the US and China work together on tackling global warming?

What could COP28 mean for Article 6?

• 27 November 2023

Decisions made in Dubai could pave the way to a truly global carbon offset market.

OPEC and how low prices have changed oil demand

• 03 April 2018

How to sum up the effect on oil markets of OPEC’s strategy since 2014? Based on how the fundamentals have evolved, it's been a pretty mixed bag.

Wood Mackenzie 2022 Research Excellence Awards

• 28 February 2023

In 2022 our global analysts created an outstanding body of research, exploring everything from progress on the path to net zero to the impact of Russia's war with Ukraine.

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

• 20 May 2021

The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

Global Project Tracker

Target equipment opportunities in the upstream supply chain and take your field economics analysis to the infrastructure level.

Fair and transparent fiscal terms key to accelerating transition resource investments

• 21 April 2022

The race is on in the exploration and development of transition resources required for global decarbonisation. However, the investment environment needs to be more conducive, and the establishment of fair and transparent fiscal policies could be the key, says Wood Mackenzie.