• News Release

  Produced water poses growing risk to Permian production growth

  • 24 julio 2019

  Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian basin, Ryan Duman, Senior Analyst, Lower 48, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• Comment

  BHP unveils five-year US$400m climate investment plan

  • 24 julio 2019

  BHP’s chief executive Andrew Mackenzie unveiled a five-year, US$400 million climate investment program om 23 July, with a commitment to reduce Scope 1, 2 and 3 emissions. The Australian miner will seek to scale up low-emissions technologies to decarbonise its operations, including investment in nature-based solutions and collective action to reduce Scope 3 (end-use) emissions.

• News Release

  Permian midstream bottlenecks may choke output

  • 24 julio 2019

  Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure and placing increasing slowdown pressure on other production streams like crude oil and natural gas liquids (NGLs), Dr Eugene Kim, Research Director, Americas Gas, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Global solar PV installations to reach record high in 2019

  • 25 julio 2019

  Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% on 2018, according to new research from Wood Mackenzie.

• Comment

  SP Chemicals starts up China’s first gas-based ethylene plant

  • 20 agosto 2019

  SP Olefins, a subsidiary of SP Chemicals, successfully started up its 650 ktpa steam cracker and was able to produce on-spec olefins.

• News Release

  Permian operators cash in ... by thinking inside the box

  • 21 agosto 2019

  As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.

• News Release

  Resilience to drive US microgrid growth

  • 08 agosto 2019

  The US microgrid industry may find opportunities for substantial future growth in geographical areas that are repeatedly affected by power outages, as customers seek out resilient solutions, new research from Wood Mackenzie found.

• News Release

  Verisk to Acquire Genscape

  • 26 agosto 2019

  Acquisition will extend Verisk’s expertise in commodities intelligence as part of its Wood Mackenzie business

• News Release

  No-Deal Brexit won’t sound death knell for UK refiners

  • 23 agosto 2019

  Despite speculation that a No-Deal Brexit would have a severe impact on the UK refining industry, Wood Mackenzie’s analysis indicates that while the sector’s dynamics would shift and margins will narrow, it would not be crippled.

• Comment

  Lift off as Sputnik partners hit oil

  • 20 agosto 2019

  Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.

• Opinion

  M&A shake-up on the horizon for the Australian upstream sector

  • 29 agosto 2019

  We’ve identified a potential US$32 billion worth of assets that could change hands in the next few years. Many of these deals are long in the planning and reflect wider trends in the Australian and global upstream sectors. We’ve bucketed our pick of the deals into three key themes.

• News Release

  China’s gas production to double to 325 bcm in 2040

  • 28 agosto 2019

  Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.

• News Release

  Global wind turbine fleet to consume over 5.5Mt of copper by 2028

  • 02 septiembre 2019

  Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028. This will consume in excess of 5.5Mt of copper, according to a recent analysis by Wood Mackenzie.

• Opinion

  Southeast Asian NOCs show growing appetite in global M&A market

  • 02 septiembre 2019

  I’ll bet that if you ask anyone with an interest in the global upstream M&A if they could name the top three spenders through the first half of 2019, they would struggle to name the third. The easy one is Occidental (Anadarko), second place is Total through its acquisition of Anadarko’s African assets. But who was the third largest acquirer by spend in H1 2019?

• News Release

  65GW of European onshore wind turbines need upgrades or replacements by 2028

  • 09 septiembre 2019

  65GW of European onshore wind turbines will reach end-of-design-life by 2028. From 2019 to 2028, an average of 4GW of turbines per year that are reaching end-of-design-life will be lifetime extension (LTE) suitable, according to new research from Wood Mackenzie.

• Comment

  ExxonMobil to sell upstream assets in Gippsland Basin

  • 18 septiembre 2019

  ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market.

• Comment

  Attack on Saudi Arabia's oil facilities

  • 16 septiembre 2019

  This attack has material implications for the oil market, as a loss of 5 million barrels per day of supplies from Saudi Arabia cannot be met for long by existing inventories and the limited spare capacity of the other OPEC+ group members. A geopolitical risk premium will return to the oil price.

• Comment

  MEG and polyethylene spot prices jump after Saudi drone attack

  • 17 septiembre 2019

  Spot prices of monoethylene glycol (MEG) and polyethylene (PE) have spiked in Asia, following news of the drone attacks on oil facilities in Saudi Arabia over the weekend. These two commodities are the two main chemical exports of the region.

• News Release

  China’s e-bus stock to surpass 1 million mark by 2023

  • 16 septiembre 2019

  Fuelled by public policy and declining battery costs, global electric bus adoption is set to triple by 2025. The Chinese market - the most promising in this sector - will surpass the 1 million e-bus mark by 2023 and reach 1.3 million by 2025, according to new research from Wood Mackenzie.

• News Release

  US wind to peak in 2020 with 14.6 GW as Production Tax Credit expires

  • 12 septiembre 2019

  Highlights from Wood Mackenzie's 2019 North America wind power outlook

• News Release

  China’s steel demand growth to slow as property policy tightens

  • 12 septiembre 2019

  Chinese president Xi Jinping’s mantra that “houses should be for living in, not for speculation” has been used to allude to the government’s policy to curb rising property prices for the past couple of years. Despite the cooling measures, steel demand in the property sector has shown resilience.

• News Release

  Wind power outlook in Eastern Europe and Russia upgraded by 17% QoQ over next decade

  • 25 septiembre 2019

  An auction-triggered awakening in Poland and a growing confidence in developers' ability to comply with local content requirements in Russia led to a 17% wind power capacity increase QoQ in Eastern Europe and Russia, according to new research from Wood Mackenzie.

• News Release

  Global automotive industry to drive industrial textile demand

  • 23 septiembre 2019

  Airbags are a core and growing part of the industrial textile portfolio. Current global airbag yarn demand sits at 164 ktpa and is expected to reach 237 ktpa by 2025, according to a new report from Wood Mackenzie.

• Comment

  Japan to invest additional $10 billion in global LNG infrastructure projects

  • 26 septiembre 2019

  Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

• News Release

  Global top 10 solar asset owners now hold 22 GW of capacity

  • 04 octubre 2019

  According to Wood Mackenzie’s inaugural global solar photovoltaic (PV) asset ownership ranking (excluding China)*, the world’s top 10 solar PV asset owners now hold over 22 gigawatts (GW) of cumulative solar capacity. Collectively, the top 10 added around 2.5 GW of new capacity in 2018.

• Comment

  ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

  • 27 septiembre 2019

  ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.

• Comment

  Brazil licensing round sets record as Majors eye November's prizes

  • 10 octubre 2019

  Brazil's Licensing Round 16 set a record – the BRL 8.9 billion (US$2.2 billion) in signature bonuses is the highest yet for a Brazilian round. Of the 36 blocks on offer, 12 were awarded, all in the prolific offshore Campos and Santos basins. Malaysia’s Petronas, Qatar’s QPI, Spanish producer Repsol and the US’ Chevron all bid high. QPI and Petronas were the biggest spenders of the day, as well as Petrobras. Only Campos and Santos basin blocks were awarded, with frontier acreage failing to attract interest.

• News Release

  China’s pipeline reform: expect higher gas prices in the short-term

  • 09 octubre 2019

  New research from Wood Mackenzie indicates that the creation of a national pipeline company in China is a step in the right direction but will result in higher end-user prices in the short-term as the country tries to balance institutional reform with implementation risks.

• Comment

  Total begins construction of third solar power plant in Japan

  • 08 octubre 2019

  Total Solar International has begun construction of Miyagi Osato Solar Park, a large-scale solar plant in Japan.

• Webinar

  Webinar | The Deepwater Gulf of Mexico Revival

  • 14 noviembre 2019

  While tight oil has grabbed headlines, the deepwater United States (US) Gulf of Mexico (GoM) has become leaner and more efficient. Join us as we analyze the changing dynamics in the region including: 1) What does the future of private equity investment look like in the US GoM? 2) Will 20K technology kick off the next phase of growth in the US GoM? 3) How has the US GoM reinvented itself to remain competitive?