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Mexico’s Deepwater Round 2.4 Receives Significant Bids
- 31 January 2018
Mexico’s second deepwater licensing round closed today on a high note with 19 of 29 offered blocks awarded, raising more than US$500 million in cash payments. Shell dominated the auction, snapping up nearly half of all blocks awarded. In the Perdido Area, the company won five of six awarded blocks.
News Release
BP's double proves there's life in the old dog yet
- 31 January 2018
BP announced it made two discoveries on the UK Continental Shelf in 2017 - Capercaillie, in the North Sea, and Achmelvich, in the West of Shetland. Wood Mackenzie believes the finds prove there's still life in the ultra-mature province.
Comment
India to double oil products growth in 2018
- 19 January 2018
India is poised to double its oil product demand growth (190 kb/d) in 2018 after a sluggish 2017, when demand grew by only 93 kb/d. Last year, demand growth was at its slowest in the past three years.
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EU's Plastics Strategy May be Missed Opportunity
- 16 January 2018
Follwoing the EU's pledge to make all plastic packaging recyclable by 2030, Helen McGeough, PCI Wood Mackenzie Senior Consultant, commented
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Who will finance Asia's coal power projects?
- 05 January 2018
Historically, coal has played a key role in meeting Asia's growing power demand. However environmental concerns has led to more stringent regulations and commitments towards tighter emission controls globally. Increasingly over the last year, financing institutions (mostly export credit agencies (ECAs) in OECD countries and European banks) have announced plans to stop investing in coal power projects. This could impact Asia since we expect growth in power demand through to 2035, and this calls for new power capacity, including coal-fired ones.
News Release
Can upstream cost savings stick?
- 15 December 2017
The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.
News Release
Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018
- 14 December 2017
2018 looks set to be a brighter year for upstream oil and gas companies
News Release
OPEC stays the course with production deal
- 01 December 2017
OPEC and non-OPEC producers agree to extend production curbs through 2018
News Release
When will the market face peak demand?
- 18 October 2017
The market is no stranger to peak oil. But industry focus is shifting from concerns about peak oil supply to a more concrete threat– peak demand. The Rise and Fall of Black Gold, released today by Wood Mackenzie, is a comprehensive, cross-commodity, cross-value chain analysis of peak demand. The report identifies the drivers as well as the potential impact of this global transformation – across regions, sectors, and fuels.
Comment
Australian LNG Imports could make economic sense
- 10 October 2017
Major eastern Australian gas buyer AGL has proposed to use a leased Floating Storage and Regasification Unit (FSRU), approximately 65km south of Melbourne, to import LNG and ease domestic gas shortage issues. This solution has faced mixed reviews given the already available domestic options, mainly the CSG-LNG projects in Queensland.
Comment
Wood Mackenzie commentary on India CERA Week
- 09 October 2017
To mark the start of the India Energy Forum by CERA week, Wood Mackenzie analysts weigh in on the country's oil and gas outlook and production prospects.
Comment
Beach's production to increase 160% post Origin gas assets acquisition
- 26 September 2017
Following the announcement of Beach Energy's US$1.25 million acquisition of Origin Energy’s subsidiary, Lattice Energy, our Australasia senior analyst Chris Meredith, weighs in on the deal.
Comment
Chinese aluminium: next set of reforms for the industry?
- 06 September 2017
Many market observers were sceptical about China's ability to deal with aluminium overcapacity. But cuts at Weiqiao, the world's largest smelter, shows China's determination to deliver supply-side reforms. The market is now divided into two camps – one that believes China will cut output significantly. The other one reasons that smelters will ramp up quickly and nothing much will really change.
News Release
Shale sector to be cash flow positive by 2020
- 26 July 2017
When will tight oil make money calculates that the five largest tight oil players could become cash flow positive by 2020?v
News Release
US-China agreement connects the fastest-growing LNG supplier with the largest LNG growth market
- 12 May 2017
Chinese companies can now negotiate long-term contracts to source liquefied natural gas from US suppliers, the US Commerce Department said.
News Release
North America could play bigger role in future global bunker market
- 20 March 2017
Alan Gelder, Vice President of Refining, Chemicals & Oil Markets, believes that North America has the opportunity to take a much bigger role in the future global bunker market.
News Release
US gasoline demand poised to decline by over 1.7 million b/d by 2030
- 20 March 2017
Gas demand may be nearing a new peak due to stringent fuel efficiency standards and shifting demographics.
News Release
Better times head for the UKCS, but investment still a concern
- 17 January 2017
Wood Mackenzie expects a modest recovery due to the improving oil price.
News Release
Seasonality takes centre stage in Egyptian gas market
- 12 January 2017
Egypt's fortunes look set to change after five years of falling production and switching from a net exporter to a net importer.
News Release
Eni makes discovery of the year, named most-admired upstream explorer
- 17 June 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.
News Release
Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration
- 29 June 2022
Wood Mackenzie announces the launch of the second edition of its Power & Renewables Asia Pacific (APAC) Virtual Conference on July 26 – 28.
News Release
Global energy storage market to reach 500GW by 2031
- 28 July 2022
Market growth has staggered for global energy storage, with cumulative storage deployments expected to reach 500 gigawatts (GW) by 2031, according to Wood Mackenzie’s Global Energy Storage Outlook released today.
News Release
US solar market ready for rebound after tumultuous first half of 2022
- 08 September 2022
Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown
News Release
Global wind turbine order intake breaks record in Q2
- 12 September 2022
Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.
News Release
Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment
- 15 September 2022
Decarbonising the steel and iron ore industry by 2050, in line with the Paris Climate Agreement, will require US$1.4 trillion of investment and revolution across every stage of the value chain. This presents an urgent challenge and enormous opportunity according to Wood Mackenzie’s latest Horizons research report, Pedal to the metal: Iron and steel’s $1.4 trillion shot at decarbonisation.
News Release
14% increase in European coal demand to be short-term trend
- 21 September 2022
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis.
News Release
Climate policies trigger 1.9% upgrade QoQ in global wind power
- 03 October 2022
Global wind power is expected to see an 1.9% increase of installed capacity Quarter on Quarter (QoQ), an equivalent of 25.6 gigawatts (GW), between 2022 and 2031 according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Latin America offshore wind to see 34 GW of installed capacity by 2050
- 18 October 2022
Driven by the growth of off-grid green hydrogen projects, Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 Gigawatts (GW) by 2050, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Potential US refined oil product export ban would challenge already constrained global markets and refining systems
- 25 October 2022
A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.
News Release
Wood Mackenzie launches Lens Gas & LNG
- 15 November 2022
Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.

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