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  Energy transition glossary

  • 21 8月 2024

  Our energy transition glossary helps you understand key terms and definitions.

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  India's 2020 energy outlook

  • 23 1月 2020

  India's 2020 energy outlook

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  PNG government calls off P'nyang Gas Agreement negotiations

  • 03 2月 2020

  The government of PNG has called-off negotiations on the development of the ExxonMobil-operated P’nyang gas field.

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  New CEO Looney rings changes at BP with ambitious climate plan

  • 12 2月 2020

  Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

• News Release

  Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

  • 01 4月 2020

  In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

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  Bangladesh to double its fossil fuel imports in a decade

  • 14 5月 2020

  Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says Wood Mackenzie.

• News Release

  Indonesia’s LNG demand continue to rise despite economic downturn

  • 30 6月 2020

  Indonesia’s LNG demand is expected to be resilient against the coronavirus-led global economic downturn, says Wood Mackenzie. The country’s H2 2020 LNG demand could hit 3.1 million tonnes (Mt), a 1.2 Mt or 63% increase year-on-year.

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  Shell's US$22bn write down 'signals fundamental change'

  • 30 6月 2020

  Royal Dutch Shell said on 20 June it would write off assets worth up to $22 billion on the back of weakening oil and gas demand due to the coronavirus pandemic and a weaker energy price outlook.

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  Renewable energy could reduce Asia Pacific LNG plant emissions by 8%

  • 17 8月 2020

  Using renewable energy to power liquefied natural gas (LNG) plants in Asia Pacific could reduce emissions by about 8%, says Wood Mackenzie.

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  Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

  • 07 9月 2020

  Wood Mackenzie’s latest report shows that the North West Shelf (NWS) LNG project could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity.

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  China’s gas power plants bleed under pressure from lower tariffs and trade war

  • 15 9月 2020

  China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.

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  Over US$11 billion of Australian gas projects to be sanctioned in 2021

  • 10 12月 2020

  Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021.

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  China’s trucked LNG spot prices hit three-year high

  • 12 1月 2021

  Spot prices of trucked LNG in China were highly volatile last month.

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  Future of gas in energy transition to be defined in 2021

  • 14 1月 2021

  2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.

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  Biden administration and what it means for China and rest of Asia Pacific

  • 20 1月 2021

  As Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.

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  Australia should revise RET policy; more ambitious target needed to unlock investments

  • 04 2月 2021

  Australia needs an ambitious long-term Renewable Energy Target (RET) policy to unlock future investments, says Wood Mackenzie.

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  Myanmar coup and impact on oil and gas industry

  • 04 2月 2021

  Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.

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  Qatar Petroleum takes FID on North Field East

  • 09 2月 2021

  Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.

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  Santos announces Barossa project FID

  • 30 3月 2021

  Santos has sanctioned the Barossa project, which extends the life of Darwin LNG (DLNG) beyond 2040.

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  Action to achieve Paris climate goals will upend oil and gas prices

  • 15 4月 2021

  If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

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  Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

  • 20 5月 2021

  The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

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  Long-term LNG set to remain a buyers’ market

  • 15 6月 2021

  The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.

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  Carbon removal key to meeting Paris Agreement target

  • 24 6月 2021

  Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

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  Nigerian lawmakers pass petroleum bill – but there is still work to do

  • 02 7月 2021

  Speaking after the Petroleum Industry Bill (PIB) was passed by the Nigerian National Assembly on 1 July, Mansur Mohammed, head of West Africa content on Wood Mackenzie’s sub-Saharan Africa upstream research team, said: “The Senate and House each passed different versions of the bill, which will now require reconciliation before it is sent to the president for assent into law. So there is still outstanding work to do before the PIB becomes law, but we see momentum behind the bill.”

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  CCS could have material impact on carbon emissions of LNG projects

  • 25 8月 2021

  The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie,

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  UK gas output slump helps fuel price rally

  • 08 9月 2021

  UK gas production is down 28% year-to-date, helping fuel the current European gas price rally, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said.

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  Five themes dominating China’s energy scene in 2022

  • 27 1月 2022

  Economic growth, stability in energy prices, energy transition, dual-control targets and relations with the US, are the top five themes to watch out for in China’s energy outlook this year, says Wood Mackenzie.

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  China's renewables boom year poses major challenges to western markets

  • 17 2月 2022

  China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.

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  Europe can satisfy gas demand for now – but longer-term outlook is uncertain

  • 23 2月 2022

  Despite fears that Europe may face a gas crunch following the cancellation of Nord Stream 2, analysts at global energy consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) say Europe is currently in a better situation than it was at the start of the 2021/22 winter.

• News Release

  Energy transition to trigger steep decline in eastern Australia’s gas demand

  • 08 3月 2022

  Eastern Australia’s gas and power markets are at the forefront of Asia Pacific’s energy transition. Markets are undergoing a radical transformation, one which could see gas demand decline by 60% in 2050, depending on the pace of the energy transition, Wood Mackenzie, a Verisk business (Nasdaq:VRSK), said today.