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Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040

28 July 2020

According to a new report by Wood Mackenzie, oil products demand in Asia Pacific is expected to fall by 1.8 million barrels per day (b/d) year-on-year in 2020.

News Release

Argentina weighs new price subsidy, but freezes gas tariffs

25 June 2020

Gas pricing and market regulation are again under discussion in Argentina. The coronavirus pandemic has weakened an already vulnerable economy, with the impact felt in the gas market. To maintain low gas prices for end-users, the new administration has imposed a tariff freeze until the end of 2020.

Comment

BP asset write-down 'is significant for sector'

16 June 2020

Speaking after BP announced it was writing down as much as $17.5 billion when it reports its second quarter results, Luke Parker, vice president, corporate analysis, said: “The impairment shouldn’t come as a big surprise, but the implications – near-term and long-term – are significant.”

News Release

UK gas market faces Covid-19 deadlock

21 May 2020

The UK gas balance has reached a deadlock for the summer. Resilient UK production, Norwegian imports and baseload LNG imports are overwhelming the market with supply. And with lockdown placing huge pressure on electricity and fuel markets, demand will be weak throughout the summer.

News Release

Ukraine may hold key to Europe’s gas storage crunch

16 April 2020

European gas storage is almost full to the brim – and with the mild weather, coronavirus lockdowns hitting demand and an over-supplied market, levels are not likely to drop soon. New analysis from natural resources consultancy Wood Mackenzie suggests October may prove critical for the market – and highlights a potential solution to the storage crunch.

Comment

Shell 'to be net-zero company by 2050'

16 April 2020

Commenting after Shell announced its intention to become net-zero company by 2050, Luke Parker, vice president, corporate analysis, at Wood Mackenzie, said: “This is an evolution of the net carbon footprint ambition that Shell unveiled in November 2017.

Comment

US and China sign Phase One trade deal

16 January 2020

Wood Mackenzie's Gavin Thompson provides a commentary on the US-China Phase One trade deal

News Release

Asia Pacific gas and LNG - 6 themes to watch in 2020

13 January 2020

Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020.

Comment

Total expands partnership with Adani on India's gas market

14 October 2019

Total announced today its partnership with Adani Group which includes two LNG terminals, Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.

Comment

Santos to acquire ConocoPhillips northern Australian assets

14 October 2019

Santos announced today its plans to acquire ConocoPhillips’s northern Australian portfolio. This is a logical and attractive transaction for a number of reasons.

Comment

India commissions first east coast LNG terminal

07 March 2019

India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.

News Release

Outlook sluggish for upstream M&A

21 January 2019

Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.

Comment

Medco Energi's potential takeover of UK-listed Ophir Energy

02 January 2019

On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.

News Release

Major LNG buyers' uncontracted demand to quadruple by 2030

13 December 2018

Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.

News Release

Australian gas shortages loom as LNG exporters and domestic consumers compete for supply

11 September 2018

The pace and scale of transformation in the east Australian gas market over the past five years has put gas – both its availability and its pricing – firmly on the country’s political agenda. Global natural resources consultancy Wood Mackenzie today releases its Australia East Coast Gas Market Outlook 2018-2032. The report offers a comprehensive overview of the dynamics shaping the gas market, including the drivers of domestic gas demand, how gas flows will change and price dynamics.

Comment

Potential gas shortfall in Australia's East Coast starting between 2023 and 2025

22 June 2018

In contrast to the 2018 GSOO released today by the AEMO, Wood Mackenzie’s East Coast Gas report identifies a potential gas shortfall between 2023 and 2025, significantly earlier to the GSOO’s estimate of 2030.

News Release

East Coast gas prices could rise 30 percent in five years

25 May 2018

In a recent study, Wood Mackenzie forecasts Australia's East Coast gas prices to rise up to 30 percent to between A$10 and A$13 /per gigajoule by the mid 2020s.

News Release

Latin America to buck global exploration trend in 2018

22 January 2018

Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.

Comment

Can LNG save China from winter gas shortage?

22 November 2017

China's introduction of the '2+26' cities policy earlier this year calls for restricted use of coal for both residential heating and industrial purposes. This has significant ramifications for the Chinese winter season where demand is traditionally high. As an alternative to coal, gas demand could rise by 23 bcm this year compared to previous winters. Facing the most severe shortages is northern China, particularly Beijing, Tianjin and Hebei (abbreviated as BTH), where demand is highly seasonal. This region will make up half or 10 bcm of the incremental winter gas demand in 2017.

Comment

India's GST - A boon for oil markets?

16 November 2017

The introduction of India's Goods and Services Tax (GST) has lifted oil demand in the country this year. Crude oil, natural gas, diesel and gasoline are currently exempt from the GST. However, diesel and gasoline demand are indirectly affected by the impact of GST on vehicle prices and sales, especially in the logistics sector.

News Release

Batteries & renewables to start displacing gas

26 July 2017

A joint research report conducted by Wood Mackenzie and GTM Research assessing generation economics concludes that declining renewables and energy storage costs will increasingly squeeze out gas-fired generation in South Australia as early as 2025.

News Release

UK car ban will have "massive impact on markets"

26 July 2017

We took a closer look at the impact of the UK government’s proposal to ban the sale of new petrol and diesel cars by 2040.

News Release

US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

18 January 2017

According to research by Wood Mackenzie, the APAC upstream sector holds considerable value as the majors divest mature and mid-life assets in the region.

Webinar

Natural gas summer outlook webinars 2026

15 April 2026

Wood Mackenzie hosted their Natural Gas Summer Outlook webinars for Europe and North America on the 15th and 16th April 2026. Experts discussed the primary risks facing natural gas markets as we exit winter and head into summer. If you missed them, watch on-demand now.

The Edge

How NOCs compare with IOCs on energy transition strategy

12 October 2023

There’s more than one route to resilience and sustainability

Opinion

Global upstream update: three key industry themes

06 September 2023

From increasing M&A activity to supply wildcards, here’s the latest trends in upstream oil & gas

Opinion

Are APAC’s retail markets full of Eastern promise for oil majors?

11 October 2023

Retail fuel markets in APAC are set for continued growth – and big oil is taking notice.

Opinion

Australia-China relations continue to sour

13 May 2021

With China buying around a third of everything Australia exports on a value basis, the downward spiral in Sino-Australian diplomatic relations is clearly of concern.

News Release

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

18 November 2024

Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.

Opinion

Full steam ahead: the changing outlook for global marine fuels to 2050

20 August 2024

Global maritime trade set to grow by more than 40% by mid-century.

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Search results: 1041

Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040

Argentina weighs new price subsidy, but freezes gas tariffs

BP asset write-down 'is significant for sector'

UK gas market faces Covid-19 deadlock

Ukraine may hold key to Europe’s gas storage crunch

Shell 'to be net-zero company by 2050'

US and China sign Phase One trade deal

Asia Pacific gas and LNG - 6 themes to watch in 2020

Total expands partnership with Adani on India's gas market

Santos to acquire ConocoPhillips northern Australian assets

India commissions first east coast LNG terminal

Outlook sluggish for upstream M&A

Medco Energi's potential takeover of UK-listed Ophir Energy

Major LNG buyers' uncontracted demand to quadruple by 2030

Australian gas shortages loom as LNG exporters and domestic consumers compete for supply

Potential gas shortfall in Australia's East Coast starting between 2023 and 2025

East Coast gas prices could rise 30 percent in five years

Latin America to buck global exploration trend in 2018

Can LNG save China from winter gas shortage?

India's GST - A boon for oil markets?

Batteries & renewables to start displacing gas

UK car ban will have "massive impact on markets"

US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

Natural gas summer outlook webinars 2026

How NOCs compare with IOCs on energy transition strategy

Global upstream update: three key industry themes

Are APAC’s retail markets full of Eastern promise for oil majors?

Australia-China relations continue to sour

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

Full steam ahead: the changing outlook for global marine fuels to 2050

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