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News Release

IMO 2020 regulation could cost shippers extra US$60 billion a year

28 February 2017

The 0.5 wt% sulphur cap for bunker fuels could have far-reaching repercussions

News Release

New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

11 January 2017

Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.

News Release

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

16 June 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.

News Release

Russia supply reduction via Nord Stream poses risks to gas storage refill in Europe

17 June 2022

Russia reducing flows via Nord Stream, outages at Freeport and French nuclear downgrades have sent the European natural gas market into an upward spiral with more volatility still to come. And while summer consumption will be covered, analysts at Wood Mackenzie, a Verisk business (Nasdaq: VRSK) say storage refill is at risk unless additional demand and supply measures are taken.

News Release

Global top 10 solar PV inverter vendors account for 82% of market share

08 July 2022

Global top 10 solar photovoltaic (PV) inverter vendors shored up 82% of market share in 2021, increasing by 2 percentage points compared to 2020, says Wood Mackenzie.

News Release

Wood Mackenzie and Ball Corporation introduce new tool that tracks global LNG liquefaction train statuses in near real-time

13 July 2022

Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BALL) today announced the launch of Global LNG Liquefaction Monitoring – the first product arising from their strategic agreement to accelerate the development of advanced analytics for energy markets.

News Release

China’s LNG imports to see unprecedented decline in 2022

19 July 2022

China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood Mackenzie.

News Release

Half of traditional super basins are future-fit and they have three things in common

21 July 2022

Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by Wood Mackenzie.

News Release

Waste-based biofuels could be the key to unlocking the energy transition

18 August 2022

Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

News Release

CCUS planned capacity nearing 1 billion tonnes per annum

26 August 2022

US Inflation Reduction Act bill set to boost CCUS uptake but more is needed to meet net zero goals by 2050

News Release

The Australian energy crisis highlights the need for new gas supply

29 August 2022

With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

News Release

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

01 September 2022

High natural gas prices will continue to drive down European demand to seven percent below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, in line with the five-year average, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

News Release

Net zero scenario to require 9.7 Mt of new copper supply over next decade

20 October 2022

How much copper is needed to successfully meet the climate targets set out by the Paris Agreement?

News Release

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

28 October 2022

Scope 3 emissions account for 80-to-95% of total carbon emissions from oil and gas companies. But only a small number of these firms have set Scope 3 net zero ambitions, according to a recent report from Wood Mackenzie.

News Release

Verisk Announces the Sale of Wood Mackenzie to Veritas Capital

31 October 2022

Verisk (Nasdaq: VRSK), a leading global data analytics provider, and Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Verisk’s Energy business, Wood Mackenzie, for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million.

News Release

Power facilities to potentially use 100 Mt of low-carbon ammonia as feedstock by 2050

17 November 2022

As one of the most-used petrochemicals in the world, ammonia offers a bevy of decarbonization and energy market opportunities, including the potential to provide 100 million tonnes (Mt) into the power sector by 2050 in a high-case scenario. However, without strong policy support, low-carbon ammonia may remain an untapped market, according to “Avoiding Pand-Ammonia” a new report from Wood Mackenzie.

News Release

A better future for energy emerging from crisis

07 December 2022

Wood Mackenzie report offers five key developments for the energy sector over the next 12 months

News Release

Russian refinery products will continue to flow in 2023 despite European price cap

31 January 2023

The European Commission’s announcement that the EU is proposing a US$100 per barrel price cap on Russian oil products such as diesel, jet fuel and gasoline, and a US$45 per barrel cap on discounted products like fuel oil, would not severely impact Russian refiners according to Wood Mackenzie.

News Release

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

16 February 2023

The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

News Release

A supercharged China could turn up the heat on global commodities

23 March 2023

The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie.

News Release

Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

11 April 2023

A team of six professionals from global energy consultancy Wood Mackenzie traveled to energy-impoverished areas of Puerto Rico last month to install solar panels and energy storage systems on homes and a women’s shelter as part of an ongoing charitable project with Let’s Share the Sun Foundation.

News Release

Nuclear needs to be cost competitive with alternative power generation to enable net zero

18 May 2023

Despite policy support and market growth, the biggest economic hurdle to the uptake of the latest nuclear and small modular reactors (SMRs) is cost, according to Wood Mackenzie report.

News Release

Global floating solar to top 6GW threshold by 2031

24 May 2023

The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies.

News Release

India needs radical transformation to reach net zero emissions by 2070

27 July 2023

How can India attain its net zero emissions goal by 2070, in line with global pledges to reach net zero emissions by mid-century? Wood Mackenzie analyses the scenario in its latest report ‘India energy transition pathways 2070’, concluding that the country must radically transform its energy landscape and prioritise renewable energy, electrification, hydrogen adoption, and carbon removal strategies.

News Release

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

16 August 2023

Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

News Release

Wood Mackenzie launches Lens Carbon

13 October 2023

Wood Mackenzie, the global insight business for renewables, energy and natural resources, has launched Lens Carbon, a unique end-to-end solution that enables users to screen, analyse and value carbon management projects on a global scale.

News Release

7 Btpa of carbon capture needed to meet net zero by 2050

16 October 2023

Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Mhairidh Evans, head of CCUS research for Wood Mackenzie, said that urgency is needed to meet the seven billion tonnes carbon capture (Btpa) required to meet net zero goals in 2050.

News Release

Steel decarbonisation to redefine supply chains by 2050

19 October 2023

The rise of electric-arc furnace technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns.

News Release

COP28: Middle East could play a key role in decarbonising global economy

23 November 2023

Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

News Release

China leads global renewables race with record-breaking 230 GW installations in 2023

28 November 2023

Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined.

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Search results: 2481

IMO 2020 regulation could cost shippers extra US$60 billion a year

New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

Russia supply reduction via Nord Stream poses risks to gas storage refill in Europe

Global top 10 solar PV inverter vendors account for 82% of market share

Wood Mackenzie and Ball Corporation introduce new tool that tracks global LNG liquefaction train statuses in near real-time

China’s LNG imports to see unprecedented decline in 2022

Half of traditional super basins are future-fit and they have three things in common

Waste-based biofuels could be the key to unlocking the energy transition

CCUS planned capacity nearing 1 billion tonnes per annum

The Australian energy crisis highlights the need for new gas supply

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

Net zero scenario to require 9.7 Mt of new copper supply over next decade

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

Verisk Announces the Sale of Wood Mackenzie to Veritas Capital

Power facilities to potentially use 100 Mt of low-carbon ammonia as feedstock by 2050

A better future for energy emerging from crisis

Russian refinery products will continue to flow in 2023 despite European price cap

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

A supercharged China could turn up the heat on global commodities

Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

Nuclear needs to be cost competitive with alternative power generation to enable net zero

Global floating solar to top 6GW threshold by 2031

India needs radical transformation to reach net zero emissions by 2070

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

Wood Mackenzie launches Lens Carbon

7 Btpa of carbon capture needed to meet net zero by 2050

Steel decarbonisation to redefine supply chains by 2050

COP28: Middle East could play a key role in decarbonising global economy

China leads global renewables race with record-breaking 230 GW installations in 2023

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