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European oil storage: Competitiveness is key to identifying sustainable investments

22 March 2017

Major transactions within Europe’s oil storage sector have resulted in an estimated 22 million barrels of capacity changing hands in 2016.

Opinion

Energy transition outlook: EU

21 April 2026

The European Union maintains its position as a global climate leader, yet faces mounting challenges in translating ambitious targets into tangible outcomes – and implementation gaps are widening

Comment

Glengorm ‘largest UK gas find since 2008’

29 January 2019

CNOOC Ltd and Total's Glengorm gas discovery, in teh Central North Sea, is the largest gas find in UK waters since Culzean in 2008

Opinion

Can the UK lead the world in carbon capture, utilisation and storage?

24 November 2020

Technological innovation could shift challenging economics, accelerate net zero ambitions and create a world-class CCUS industry on the UK Continental Shelf.

Opinion

Heating up: 2024 showcased the promise of geothermal energy

19 February 2025

Geothermal energy is gaining momentum - driven by new tech, major investments and big tech partnerships. Is it the next big player in renewables?

Opinion

US gas exporters target a changing European market

21 October 2022

Europe is replacing its lost imports from Russia with LNG. The shift is putting its gas infrastructure under strain.

Opinion

Asia’s LNG pain is Europe’s gain - for now

07 April 2022

“It’s not easy, but it’s feasible” was the verdict of EU climate chief Frans Timmermans as the bloc announced its ambitious goal of reducing imports of Russian gas by around two thirds this year. With this implying something in the order of 100 bcm of supply, we do not share Mr Timmermans’ optimism.

Opinion

What will REPowerEU and the Inflation Reduction Act mean for hydrogen?

05 October 2022

Flagship climate policy in the EU and the US could give hydrogen the jumpstart it needs.

Opinion

Can European renewables still turn a profit?

09 November 2023

Healthy project returns will require effective procurement strategies, project execution and asset management

Event

Wood Mackenzie LME Forum 2026

21 October 2026

Attend the Wood Mackenzie LME Forum in London to discuss challenges and opportunities for mined commodities, including lithium, nickel, copper, aluminium, EV & Batteries and Zinc.

Opinion

Europe’s residential energy storage market to expand nearly tenfold this decade

27 October 2021

Public policy, solar-plus-storage and rapid adoption of electric vehicles are supporting behind-the-meter energy storage growth in Europe.

Opinion

Will lower gas prices spark switching in Europe and Asia?

20 March 2023

In 2022, record high prices forced many European and Asian companies to switch from gas to alternative cheaper fuels, or reduce output. The market will seek a new balance this year

Opinion

Three reasons why Europe is set to lose the energy storage race

09 November 2020

Why doesn't Europe’s energy storage capacity match its renewables ambitions? And what lessons can it learn from leading markets?

Opinion

The Energy Gang at the London Hydrogen Conference: part two | Podcast

27 September 2023

Host Ed Crooks brings you the second of two special episodes recorded live from Wood Mackenzie’s Hydrogen Conference

Editorial

IMO 2020: Ready or not?

02 April 2019

The IMO's regulatory changes on the sulphur content for marine fuels come into force in less than a year. Are European refiners ready to accommodate big shifts in fuel demand? And what will the new specifications mean for refining margins and fuel product prices?

Opinion

A new route to commercialisation for floating wind

30 June 2022

Floating wind’s virtually unlimited potential has from its inception made it a strong vision. Seven years ago, Wood Mackenzie wrote, the “next step is to prove that floating foundations are economically feasible” and go commercial. This is still the challenge for floating wind, and we can conclude that commercialisation is not a step; it is a leap.

Opinion

Chasing the sun: Spain’s solar PV boom

05 November 2019

What investors need to know about Europe's hottest solar PV market: Spain.

News Release

Offshore wind sector doubled down on tangible opportunities in 2023

31 January 2024

Despite supply chain headwinds and price pressures, the global offshore wind sector saw significant growth in its mature pipeline, as late-stage pipeline mergers & acquisitions, turbine orders, and project financial investment decisions (FIDs) saw record activity in 2023. This has boosted the sector’s momentum into 2024.

Opinion

The Interchange Recharged podcast: how wave power can supplement wind and solar

22 July 2022

The energy transition is a machine with hundreds of moving parts. We are joined by Jan Skjoldhammer, from NoviOcean. NoviOcean has developed a wave energy converter which it says can deliver lower energy costs and supplement the solar grid.

Opinion

Can Africa help solve Europe’s gas supply crunch?

18 April 2023

Europe needs gas, and Africa has plenty of it – but planned exports are fraught with risk

News Release

Global LNG demand faces first seasonal contraction in 8 years

02 June 2020

The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7% or 3 million tonnes (Mt) year-on-year, says Wood Mackenzie.

Opinion

Electric vehicles: is workplace charging good for business?

07 November 2019

The electric vehicle (EV) revolution depends on getting the right infrastructure, in the right locations. Here’s how providing workplace charging could bring direct and indirect economic benefits to businesses, and support the energy transition.

Comment

What would an EU carbon border adjustment mechanism mean?

14 July 2021

The EU Commission proposed a carbon border adjustment mechanism (CBAM) as part of today’s “Fit for 55” package. James Whiteside, global head of multi-commodity research at Wood Mackenzie, said: “As the first mechanism of its kind, the CBAM is being designed in consultation with industry to avoid unintended consequences. “A CBAM that does not cover a substantial portion of the production chain will encourage carbon leakage - pushing emissions beyond the borders of the EU or shifting competition between EU and non-EU producers to the next stage of the value chain.”

The Edge

Can emissions taxes decarbonise the LNG industry?

11 April 2024

The LNG industry is facing growing pressure to decarbonise. But this can't be achieved without major investment, pushing up the price of delivered LNG. Buyers have so far been reluctant to pay a premium for low-carbon volumes. Taxing LNG emissions could change this. Europe is leading the way, with the EU taxing the fuel emissions of LNG vessels from this year. While an important first step, much more is required for the industry to decarbonise at scale.

The Edge

Why Brent isn’t reacting to escalating geopolitical risk

08 February 2024

Today’s geopolitical temperature is close to boiling point. So why haven’t oil prices leapt in response, as we’ve seen in the past?

News Release

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.

Opinion

What technology is winning the global energy storage race?

26 November 2019

What is winning the global energy storage race? Lithium-ion is the clear winner, but it has one major drawback. Rory McCarthy, senior analyst, energy storage, looks at lithium-ion's role in the energy transition.

Opinion

Tensions over “green protectionism” emerge at COP28

01 December 2023

Countries including China and India want the climate talks to address unilateral measures such as the EU’s CBAM and the US Inflation Reduction Act.

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

Featured

Predictions for 2020

19 December 2019

For the last Energy Pulse of 2019, WoodMac experts have given their predictions of what to expect in 2020. Their forecasts include: a slowdown in US oil production growth; further asset sales by the large international oil companies; strong growth in solar power to give another record year for installations; mounting pressure from investors over climate risk and financial strength; rising carbon emissions, and a revival in awareness of the importance of metals to the energy transition. There are also our selections of the Quote of the Year and Chart of the Year.

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Search results: 576

European oil storage: Competitiveness is key to identifying sustainable investments

Energy transition outlook: EU

Glengorm ‘largest UK gas find since 2008’

Can the UK lead the world in carbon capture, utilisation and storage?

Heating up: 2024 showcased the promise of geothermal energy

US gas exporters target a changing European market

Asia’s LNG pain is Europe’s gain - for now

What will REPowerEU and the Inflation Reduction Act mean for hydrogen?

Can European renewables still turn a profit?

Wood Mackenzie LME Forum 2026

Europe’s residential energy storage market to expand nearly tenfold this decade

Will lower gas prices spark switching in Europe and Asia?

Three reasons why Europe is set to lose the energy storage race

The Energy Gang at the London Hydrogen Conference: part two | Podcast

IMO 2020: Ready or not?

A new route to commercialisation for floating wind

Chasing the sun: Spain’s solar PV boom

Offshore wind sector doubled down on tangible opportunities in 2023

The Interchange Recharged podcast: how wave power can supplement wind and solar

Can Africa help solve Europe’s gas supply crunch?

Global LNG demand faces first seasonal contraction in 8 years

Electric vehicles: is workplace charging good for business?

What would an EU carbon border adjustment mechanism mean?

Can emissions taxes decarbonise the LNG industry?

Why Brent isn’t reacting to escalating geopolitical risk

Global energy storage set to triple in 2021

What technology is winning the global energy storage race?

Tensions over “green protectionism” emerge at COP28

CCUS planned capacity nearing 1 billion tonnes per annum

Predictions for 2020

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