Latest IPCC climate report calls for reaching net zero emissions earlier than 2050

• 10 8月 2021

Wood Mackenzie Asia Pacific Head of Markets and Transitions Prakash Sharma responds to the recently released IPCC report.

Firth of Forth net-zero hub key to achieving climate goals

• 17 8月 2021

The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq: VRSK) has found.

Controlling emissions could have short-term negative impact on Chinese economy

• 08 9月 2021

China’s efforts to control carbon emissions could have a negative impact on its economic growth in the short term, says Wood Mackenzie.

Electric vehicle sales to vault over 6 million in 2021

• 31 8月 2021

Global electric vehicle (EV) sales are expected to vault over 6 million this year, says Wood Mackenzie.

Can the US rise to meet the net-zero emissions challenge?

• 16 9月 2021

US President Joe Biden has a transformational goal: he wants the country to achieve net-zero emissions by 2050, building on the net-zero power sector he wants in place by 2035. Can the US meet this challenge? According to new research released today by global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), the US is likely to struggle to achieve Biden’s ambitions. Technological limitations, policy design, market structures and even the United States’ political and constitutional foundations may hamper progress.

The Petroleum Industry Act: a gamechanger for Nigeria’s upstream?

• 28 10月 2021

The PIA sets the fiscal terms for Nigeria's upstream sector through the energy transition years. After a tumultuous 18 months, legislators decided that more radical surgery was needed to save Nigeria from a bleak future of upstream decline. What they have delivered is both remarkable and necessary. Remarkable, because in no other jurisdiction has there been such a major transfer of value to current lease holders in onshore and shallow water. It's a different story in deepwater though, where most contractors are still to renegotiate their terms. Necessary, because Nigeria is awash with underinvested assets. Unless something is done quickly, greenhouse gas emissions and access to capital will become an even bigger risk than they are currently.

Major energy exporters race to lead in global hydrogen trade

• 28 10月 2021

The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.

OPEC+ shrugs off US pressure to announce 400,000 b/d output boost

• 04 11月 2021

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “After unusual pressure from the US administration to lift its production, OPEC+ announced it is boosting output by 400,000 barrels per day (b/d) for December, in line with its 18 July 2021 agreement. This will be seen as disappointing by the US, which is asking for an extra increase closer to 600,000 b/d. But as long as OPEC+ actually boosts its output by 400,000 b/d, the US has indicated it will accept the outcome."

Tapping working gas volume could cushion blow of Europe’s energy crunch

• 04 11月 2021

European gas storage has been struggling to fill this summer. Storage at the beginning of November will be about 75% full, at 83 billion cubic metres (bcm), 14 bcm below the five-year average, rattling the market. A cold European winter could result in storage levels falling to zero by the end of March 2022, unless more Russian gas supply is available versus current export levels. But there could be an alternative available to the market should this come to pass – tapping the substantial amount of cushion gas available in Europe’s storage facilities. Global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), said using cushion gas could allow an extra 15 bcm enter the market, easing the supply crunch.

Wood Mackenzie weighs in on COP26 key takeaways

• 15 11月 2021

Following the conclusion of the COP26 on November 13, Wood Mackenzie experts weigh in on the key developments of the conference.

UK charts course for net zero North Sea

• 06 5月 2021

The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.

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.

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.

Webinar | The 2021 Future of Exploration survey

• 27 4月 2021

This year sees the exploration sector in recovery mode as it begins to reposition for an energy transition world. We put our questions on the future of exploration to exploration leaders and professionals around the world. The sector had fought hard to win its way back to profitability before the crisis struck. Its disciplined approach of recent years looks set to remain even as prices recover. Exploration is increasingly playing a role in moves to a lower carbon future and geoscientists are at the forefront of some new energy businesses. We've analysed the data to discover the key challenges the industry is facing, which explorers stand out from the pack and the role of exploration in today’s energy company

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.

Royalties reform could dampen investors’ appetite for Chile’s copper sector

• 29 6月 2021

Proposed changes to Chile’s mining royalty regime will not have a drastic impact on the country’s production landscape in the near-term. However, analysis from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq:VRSK), indicates there is clear risk the amendments could compromise continued appetite to make large-scale, long-term investments in Chile’s copper sector.

Asia Pacific solar PV capacity to triple to 1,500 GW by 2030

• 13 7月 2021

Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

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.

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.

Climate commitments to top energy and mining agendas in 2021

• 27 1月 2021

What are the biggest emissions trends to watch this year? James Whiteside, Wood Mackenzie Global Head of Multi-Commodity Research, and Amy Bowe, Wood Mackenzie Head of Carbon Research, see five key themes

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.

Carbon taxes and the upstream subsidy debate

• 27 4月 2021

Carbon taxes and the upstream subsidy debate

Carbon pricing plans ‘could transform upstream oil and gas economics’

• 31 3月 2021

At present, few countries require producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But as governments seek to meet decarbonisation targets, that could soon change. Carbon charges are likely to come, and they will transform the upstream sector, affecting both asset values and the industry’s economics.

Webinar | Copper Rush: Diversify or go pure play?

• 17 9月 2024

Join our experts on 17th September 2024. for a webinar exploring how valuations, carbon footprints, and balance sheet health will shape the M&A strategies and overall corporate plans of both diversified miners and pure-play copper companies.

Webinar | Growing pains – how corporate renewables strategies are adapting to energy transition challenges

• 01 10月 2024

Join us on Tuesday 1 October 2024, as our senior experts discuss how Europe’s leading renewable power developers are adapting their global investment strategies to energy transition challenges.

Webinar | Scope for improvement: Why oil & gas needs to address scope 3 emissions

• 14 11月 2024

Webinar | Will the UK North Sea survive the government budget on 30th October?

• 31 10月 2024

Join our SVP for fiscal research Graham Kellas and Research Director Gail Anderson for a discussion on the fiscal changes, impact on UK investment, production and competitiveness, and which companies will be most affected by the UK's upcoming budget announcement.

Horizons Live: Carbon removals

• 01 10月 2024

In the recent Horizons Live session, our panel discussed carbon removals and how they will play a crucial role in achieving net zero.

Webinar | Europe Upstream Outlook 2025

• 27 2月 2025

Join us on the 27th February as we discuss the outlook for Europe Upstream oil and gas

OPEC+ agrees to increase output after tense negotiations

• 07 12月 2020

Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d.