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What's in store for the North Sea industry in 2019? Neivan Boroujerdi, senior analyst for North Sea upstream, looks at five big themes in 2019, a year of increased exploration, some big transactions led by North American Majors and large caps, and a new wave of projects.
It may come as a surprise to learn that 56% of PET bottles used in the UK each year are recovered for recycling. That figure is projected to rise to 59% by 2021, but could increase significantly with the introduction of the UK government’s proposed deposit return scheme. Elsewhere in Europe, similar schemes have achieved ~90% recovery rate.
The North Sea faces a decommissioning bill of US$32 billion between 2018 and 2022, but does the supply chain have an appetite to make the investment needed?
Private equity is revitalising offshore exploration and production, with smaller operators bringing new life to the US Gulf of Mexico, the North Sea and Brazil. Get the latest analysis here.
The European PET market is currently in a state of turmoil, which has principally been caused by a lack of PTA feedstock and reduced imports.
What is driving flexible packaging growth in Poland, Italy and Turkey? Read more.
The lower crude oil pricing environment that has been in place for almost the last three years has influenced the olefin cost curve around the World. The deviation between advantaged and disadvantaged regions has narrowed, levelling the playing field much more.
Stay on top of key fundamentals and get to the bottom of Europe's dynamic energy markets with our European Energy Service.
In Norway, interest in the sector is still high, but in the UK, the lowest number of exploration wells for 50 years and another 20% drop in capex point to a deeper malaise.
Much has been achieved in the past year, as we see prices and costs slowly turning around. But there is more work to be done. Use our 2016-2017 Global Upstream Cost Survey to understand North Sea cost evolution from 2014 to 2020.
With the UK poised to withdraw from the European Union and the single market, the steel industry is bracing for change. In 2016, 80% of the UK's total steel imports came from the EU — so what will its exit mean for manufacturers as well as for consumers?
We’ve collated the data and analysed what it means for the North Sea market over the coming 12 months and beyond.
A wave of new LNG will be seeking a market in Europe over the next five years, causing widespread oversupply and low gas prices.
The downturn has resulted in significant cost savings which should stimulate activity as the oil price starts to recover.
Scott Koronka, Director of Downstream Consulting, discusses the recent developments regarding refineries and M&A.
The energy transition could have created an existential crisis for the North Sea. But governments and North Sea upstream operators are embracing ambitious projects and technology on the road to net zero.
Despite EU leaders reaching agreement on the €750 bn pandemic recovery package, a substantial hurdle remains; ratifying the deal in the European Parliament, where its green credentials will be scrutinised
The UK is home to around 35% of the world’s installed offshore wind capacity. Technology evolution will be vital to maintain the growth of the sector.
Implementation delays continued to affect distributed energy resource (DER) deployments in the second quarter of 2020, but the pandemic is also boosting investment in some areas
European governments provide welcome support for steel decarbonisation in post-pandemic plans
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.
From the Netherlands to Cyprus, we cover the big themes in 2024 for Continental Europe's upstream sector.
European power and renewables markets enter 2024 with relative stability compared to last year, although challenges arise in transitioning to emissions-free renewables.
Real-time data and alerts on feedstock and ethylene markets
Comprehensive solutions for forecasting, evaluating and exploiting future opportunities in power trading
Comprehensive solutions for forecasting, evaluating and exploiting future opportunities in power generation and transmission
A robust, ready-to-run, integrated platform to help you understand fast-moving power markets
A robust, ready-to-run, integrated platform to help you adapt to rapidly changing power demand
Understand what the increase in demand for European heavy oil storage means for your business and the wider market.
Join us on 12-13 November in London for the fourth edition of Wood Mackenzie’s Hydrogen Conference. This is your opportunity to hear from our team of hydrogen research analysts and industry experts as they engage in powerful conversation exploring the key drivers and challenges of deploying low-carbon hydrogen. #WMHydrogen
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