Energy transition outlook: UK

• 17 February 2025

The UK has a renewed focus on accelerating its energy transition and bold plans to create a clean energy superpower. But net zero by 2050 is not yet on course.

UK government swoops on North Sea windfall profits

• 27 May 2022

Wood Mackenzie’s research indicates that UK North Sea oil and gas producers are making more profits than ever before, in an era where the industry is in progressive decline.

Russia-Ukraine war could slow global economic growth to 2.5% this year

• 12 April 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

Domestic UK oil & gas can reduce reliance on energy imports

• 07 April 2022

High commodity prices and Russia's invasion of Ukraine have called into question the UK’s reliance on energy imports. In response, the UK government is set to unveil a new ‘energy security strategy’.

Europe can weather halt in Russian gas supplies

• 18 March 2022

European gas prices remain volatile amid the risks of disruptions of Russian piped imports. As additional sanctions against Russia are under discussion, a complete halt of Russian piped imports into the EU remains a risk. But Europe is in a better position to cope without Russian piped gas now than it was a few months ago, analysts from Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said.

Key things to watch in the European gas market for 2022

• 13 January 2022

Risk of a cold winter, uncertainty around pipeline imports and low gas inventories have set the scene across Europe for another volatile year ahead, with the potential for gas prices to soar further and energy shortages to bite.

Sweden could become a pioneer in green steel production

• 21 December 2021

Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie.

Global installed wind power capacity set to grow by 9% to 2030

• 15 December 2021

Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie.

Global energy storage set to triple in 2021

• 07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

High carbon tax could erode up to 60% of Asia’s refining earnings

• 05 October 2021

A high carbon tax could erode up to 60% of Asia’s total refining earnings by 2027, says Wood Mackenzie, at the Global Energy Summit Focus Week.

EU’s ‘Fit for 55’ lays out bloc’s green blueprint

• 14 July 2021

Europe is at the forefront of the shift to net zero, both in ambition, but also in terms of how to make rapid and deep decarbonisation a reality. The world needs to reduce carbon dioxide (CO2) emissions as quickly as possible. Not doing so means we will need to turn to expensive and unproven technologies to withdraw CO2 from the atmosphere later this century.

UK accelerates plan to cut carbon emissions

• 20 April 2021

Today's announcement outlining the UK's plan to set a legally binding 78% greenhouse gas emissions reduction target (on 1990 levels) through its Sixth Carbon Budget is another significant milestone on the road to its goal of net-zero emissions by 2050.

UK can lead world in net zero energy technologies – but investment is critical

• 16 September 2020

Wood Mackenzie today delivered a comprehensive roadmap for the North Sea’s future to the OGTC, setting out the critical technologies needed to deliver an integrated net zero energy system on the UK Continental Shelf (UKCS), positioning the UK as a world-leader in the move to a low carbon world.

BP sells petrochemicals business to INEOS in US$5bn deal

• 29 June 2020

Steve Jenkins, vice president of Wood Mackenzie’s petrochemicals team, comments on this morning’s announcement from BP that it is selling its petrochemicals business to INEOS in a US$5 billion deal.

To-do list: how to attract capital back to the oil sector

• 07 September 2017

The mood has definitely changed. That much has been clear at the biannual Offshore Europe mega conference in Aberdeen.

What a future Ukraine peace deal means for energy (part 1)

• 19 March 2025

How will a Ukraine peace agreement reshape global gas and LNG markets? Discover key scenarios and their far-reaching consequences for energy trade and prices.

The narrowing trans-Atlantic divide on the energy transition

• 24 April 2025

Big Oil is rebalancing. Discover how strategy shifts, energy security and policy are reshaping oil, gas and low-carbon investment outlooks across the Atlantic.

What comes after the Permian for IOCs?

• 22 May 2025

Discover how oil companies are strategising to maintain their edge as the Permian Basin approaches peak production and what this means for the future of US energy leadership

WoodMac’s Gas, LNG and the Future of Energy conference: five key themes

• 19 June 2025

From rising US LNG exports to shifting gas prices and Russia's impact - discover what’s shaping the future of global LNG

Energy Pulse: in brief (28 July)

• 28 July 2023

News and views in brief from some of our global energy specialists, including challenges for offshore wind in Europe, Equinor buys renewables assets in Brazil, China adds to its LNG import capacity, and a potentially revolutionary scientific discovery.

ExxonMobil sets a net zero emissions goal

• 21 January 2022

Over the past decade, the European and US oil and gas Majors have chosen divergent strategic directions. The European companies have set more ambitious goals for emissions reduction, and moved faster to diversify into low-carbon energy sources. Recently, however, that gap has begun to close.

Strategic intelligence in European power markets for financials

• 20 July 2023

Comprehensive solutions for forecasting and evaluating future market dynamics in power generation and transmission

This is not a drill: key lessons from GB power price spikes

• 27 October 2021

The GB power market has been hit hard by a painful combination of high commodity prices, pre-winter levels of availability and low wind output.

Isn’t it ironic? How Europe’s oil refiners could offer a route to scale up green hydrogen

• 21 August 2025

In this edition of Horizons, Wood Mackenzie have identified a potential breakthrough moment for green hydrogen commercialization.

EPSI Europe

On-demand insights into the factors behind supply and demand fundamentals across European power markets.

PowerRT Europe

Identify new trading opportunities, optimise asset utilisation and assess market trends.

Enlit Europe 2023

• 03 August 2022

Meet our team at this year's Enlit Europe 2023, taking place in Paris, France | 28-30 November

European Green Deal Guide

• 12 August 2020

What is the European Green Deal and how should you prepare to benefit from the energy transition?

The real-time European power market solution for traders

• 20 July 2023

A robust, ready-to-run, integrated platform that helps you stay ahead of fast-moving power markets

Oil

• 16 November 2020

Stay ahead of the oil market with our real-time, proprietary data collected by patented monitoring technology.