• Opinion

  President Tinubu’s radical reforms are set to transform Nigeria’s economy

  • 06 julio 2023

  A month into the role and Nigeria’s new president, Tinubu is already having a significant impact on the economy

• News Release

  Low-carbon hydrogen demand in refining could reach 50 Mtpa by 2050

  • 09 junio 2022

  Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie.

• News Release

  Eni makes discovery of the year, named most-admired upstream explorer

  • 17 junio 2022

  Italian major Eni has, for the fourth time in seven years, been named the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s industry-leading annual Exploration Survey.

• Opinion

  Horizons Live: The Big Ban

  • 30 junio 2022

  Watch on demand as we answer your questions about the consequences of the Ukraine war on commodities, and how governments, companies and investors must respond as the outlook for energy is transformed.

• Content

  Energy super basins: where the renewable, CCS and upstream stars align

  • 21 julio 2022

  The world’s need for sustainable energy is set to change the geography of the oil and gas industry, increasingly entwining it with renewables. The upstream industry of the 2030s and beyond, therefore, must focus on where its synergies with new energies are strongest.

• Content

  No pain, no gain – the economic consequences of accelerating the energy transition

  • 18 enero 2022

  Wood Mackenzie’s base-case Energy Transition Outlook sees global temperatures 2.5-2.7 °C above pre-industrial levels by mid-century. To limit this warming to 1.5 °C, in line with the Paris Agreement, the energy transition must accelerate. The world has the means, motive and opportunity to do so.

• News Release

  Oil and gas companies must be bold as energy transition sets tone for 2022

  • 09 diciembre 2021

  It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for the energy transition ahead. New research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), indicates that oil and gas companies are likely to be bold in 2022. Formidable cash flow generation, increasing new energy opportunities and the development of a carbon market are a powerful force for change.

• Comment

  Woodside sanctions US$12 billion Scarborough and Pluto Train 2 project

  • 22 noviembre 2021

  Woodside has sanctioned the US$12 billion Scarborough and Pluto Train 2 project. This is a big step for Woodside, Western Australia and the local LNG industry.

• Comment

  US to release crude oil from strategic petroleum reserve

  • 25 noviembre 2021

  On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).

• News Release

  Is CCS the upstream sector’s silver bullet?

  • 11 agosto 2021

  We may only be halfway through 2021, but it is already shaping up to be a breakthrough year for carbon capture and sequestration (CCS) to emerge as a viable tool for upstream companies to decarbonise operations. Although the concept has been around for decades, CCS is moving into the mainstream. All the industry’s largest companies now plan to use sequestration to help them reach their decarbonisation targets.

• Comment

  Chesapeake ties up Vine in cash-and-stock deal

  • 11 agosto 2021

  Speaking after Chesapeake announced plans to buy Vine Energy in a cash-and-stock deal which values the Blackstone Group-controlled E&P at around US$2.2 billion, analysts from natural resources consultancy Wood Mackenzie said: “We were confident 2021 would be a big year for Haynesville consolidation."

• News Release

  Firth of Forth net-zero hub key to achieving climate goals

  • 17 agosto 2021

  The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq: VRSK) has found.

• Comment

  UK gas output slump helps fuel price rally

  • 08 septiembre 2021

  UK gas production is down 28% year-to-date, helping fuel the current European gas price rally, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said.

• News Release

  CCS could have material impact on carbon emissions of LNG projects

  • 25 agosto 2021

  The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie,

• News Release

  Can the US rise to meet the net-zero emissions challenge?

  • 16 septiembre 2021

  US President Joe Biden has a transformational goal: he wants the country to achieve net-zero emissions by 2050, building on the net-zero power sector he wants in place by 2035. Can the US meet this challenge? According to new research released today by global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), the US is likely to struggle to achieve Biden’s ambitions. Technological limitations, policy design, market structures and even the United States’ political and constitutional foundations may hamper progress.

• Comment

  China’s inaugural SPR auction unlikely to impact global crude oil markets

  • 24 septiembre 2021

  China begins the sale of its Strategic Petroleum Reserves (SPR) today. According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), the SPR auction is unlikely to have material impact on crude oil markets globally.

• Comment

  POSCO’s takeover bid for Senex could be Australia’s largest upstream takeover since 2018

  • 18 octubre 2021

  South Korean conglomerate POSCO has made a surprise move on Australian gas producer Senex Energy making its first foray into the country’s upstream industry.

• Comment

  OPEC+ shrugs off US pressure to announce 400,000 b/d output boost

  • 04 noviembre 2021

  Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “After unusual pressure from the US administration to lift its production, OPEC+ announced it is boosting output by 400,000 barrels per day (b/d) for December, in line with its 18 July 2021 agreement. This will be seen as disappointing by the US, which is asking for an extra increase closer to 600,000 b/d. But as long as OPEC+ actually boosts its output by 400,000 b/d, the US has indicated it will accept the outcome."

• News Release

  Tapping working gas volume could cushion blow of Europe’s energy crunch

  • 04 noviembre 2021

  European gas storage has been struggling to fill this summer. Storage at the beginning of November will be about 75% full, at 83 billion cubic metres (bcm), 14 bcm below the five-year average, rattling the market. A cold European winter could result in storage levels falling to zero by the end of March 2022, unless more Russian gas supply is available versus current export levels. But there could be an alternative available to the market should this come to pass – tapping the substantial amount of cushion gas available in Europe’s storage facilities. Global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), said using cushion gas could allow an extra 15 bcm enter the market, easing the supply crunch.

• Comment

  Wood Mackenzie weighs in on COP26 key takeaways

  • 15 noviembre 2021

  Following the conclusion of the COP26 on November 13, Wood Mackenzie experts weigh in on the key developments of the conference.

• News Release

  UK charts course for net zero North Sea

  • 06 mayo 2021

  The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.

• News Release

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

  • 20 mayo 2021

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

• News Release

  Action to achieve Paris climate goals will upend oil and gas prices

  • 15 abril 2021

  If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

• News Release

  Long-term LNG set to remain a buyers’ market

  • 15 junio 2021

  The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.

• News Release

  Carbon removal key to meeting Paris Agreement target

  • 24 junio 2021

  Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

• Comment

  Nigerian lawmakers pass petroleum bill – but there is still work to do

  • 02 julio 2021

  Speaking after the Petroleum Industry Bill (PIB) was passed by the Nigerian National Assembly on 1 July, Mansur Mohammed, head of West Africa content on Wood Mackenzie’s sub-Saharan Africa upstream research team, said: “The Senate and House each passed different versions of the bill, which will now require reconciliation before it is sent to the president for assent into law. So there is still outstanding work to do before the PIB becomes law, but we see momentum behind the bill.”

• Content

  Commit and collaborate: squaring the carbon circle for oil & gas

  • 19 agosto 2021

  The commodity price upcycle provides a golden opportunity to accelerate emissions reduction. Read more....

• Comment

  China’s trucked LNG spot prices hit three-year high

  • 12 enero 2021

  Spot prices of trucked LNG in China were highly volatile last month.

• News Release

  Resilience and sustainability to be core oil and gas themes of 2021

  • 19 enero 2021

  Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.

• News Release

  Future of gas in energy transition to be defined in 2021

  • 14 enero 2021

  2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.