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

15 September 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.

News Release

Global regas capacity under construction hits 10-year high at 144 mmtpa

02 September 2020

Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.

News Release

China’s PTA producers look to futures to weather market volatility

16 July 2020

China’s purified terephthalic acid (PTA) producers have been using the futures market to price PTA in the spot market, hedge against risks and manage inventory. This has allowed many to stay profitable, despite market uncertainty and disruption brought by the coronavirus pandemic, says Wood Mackenzie.

News Release

Total named industry’s most-admired explorer in WoodMac survey

06 July 2020

French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s industry-leading annual Exploration Survey.

Comment

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

30 June 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.

News Release

NOCs to slash over a quarter of exploration budgets on average in 2020

20 May 2020

National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.

Comment

Shell dividend cut frees up US$10bn

30 April 2020

Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.

Comment

Arrow Energy sanctions Surat Gas Project

17 April 2020

Arrow Energy sanctions Surat Gas Project

News Release

Covid-19 lockdown hits global solar PV market

09 April 2020

The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.

News Release

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

01 April 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.

News Release

China’s crude reserves to reach 1.15 billion barrels in 2020

23 March 2020

Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.

News Release

2020 could mark start of downcycle for China’s petrochemical industry

15 January 2020

In a recently published report, Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same.

News Release

Cheaper electric cars could help Tesla hit targets by mid-2020s

09 January 2020

In Q3 2019, Tesla announced its plans to capture 1% of all car sales globally. With its current portfolio of luxury cars, the company is unlikely to meet that target by the end of the decade. However, if it launches an entry-level car priced at $25,000, Wood Mackenzie projects that Tesla will meet the 1% target as early as 2024.

News Release

Increased uncertainty to colour upstream sector’s decision-making in 2020

09 January 2020

The level of uncertainty and anxiety among upstream producers and supply chain has rarely been higher. In 2020, decision-making will be more heavily influenced by sentiment surrounding the energy transition, political upheaval and trade disputes than in previous years. This adds to the ever-present risks of unexpected supply-demand imbalance, niche cost inflation or a global economic downturn. What are the biggest trends to watch in the upstream oil and gas business in 2020? Fraser McKay, head of upstream analysis at Wood Mackenzie, sees five key themes.

News Release

China’s wind repowering market to boom from 2023

17 December 2019

According to a new report by Wood Mackenzie, China’s wind repowering market is expected to take off from 2023. More than 21 gigawatts (GW) (cumulative capacity) of China’s wind turbine fleet is expected to be repowered over the next 10 years (2019-2028).

Comment

European Investment Bank to cease funding fossil fuel projects

15 November 2019

The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.

News Release

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

04 October 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 to sell upstream assets in Gippsland Basin

18 September 2019

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

News Release

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

12 September 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.

Comment

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

24 July 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

Malaysia offers significant gas opportunities

24 June 2019

According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

Comment

Adani gets environmental approval for Carmichael project

13 June 2019

Adani gets environmental approval for Carmichael project

News Release

Australia's next wave of LNG projects needs to compete to progress

28 May 2019

According to research by Wood Mackenzie, a second wave of LNG investments is building, both in Australia and globally, and these projects need to compete to progress

News Release

LNG primed for US$200bn capex boom

25 April 2019

The liquefied natural gas (LNG) boom is back. Over the next two years, almost 90 million tonnes per annum (mmtpa) of LNG is expected to take final investment decision (FID) and start construction. New research from Wood Mackenzie show that capital expenditure - for both LNG plant and upstream infrastructure - will total more than US$200 billion between 2019 and 2025. This will provide a major boost to engineering, procurement and construction (EPC) contractors and other providers along the supply chain.

Comment

Oxy tables US$38bn rival bid for Anadarko

24 April 2019

Occidental Petroleum today put forward a rival bid to acquire Anadarko Petroleum for US$38 billion, surpassing Chevron's US$33 billion offer earlier this month.

Comment

BP to exit China shale gas

12 April 2019

In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

News Release

Exploration’s back in the black

04 February 2019

After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

Comment

Chevron loses second major production asset in South East Asia

13 December 2018

Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.

News Release

Is the end of the global energy transition closer than we think?

17 October 2018

Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.

Comment

China's retaliatory tariff on US LNG

19 September 2018

In the 12 months up until June 2018, China was the second largest buyer of US LNG, accounting for approximately 3 mmtpa of US LNG, with Shell being the largest seller. However as the US-China trade dispute escalated, Chinese buyers have gradually reduced purchases of US LNG.

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Search results: 2455

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

Global regas capacity under construction hits 10-year high at 144 mmtpa

China’s PTA producers look to futures to weather market volatility

Total named industry’s most-admired explorer in WoodMac survey

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

NOCs to slash over a quarter of exploration budgets on average in 2020

Shell dividend cut frees up US$10bn

Arrow Energy sanctions Surat Gas Project

Covid-19 lockdown hits global solar PV market

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

China’s crude reserves to reach 1.15 billion barrels in 2020

2020 could mark start of downcycle for China’s petrochemical industry

Cheaper electric cars could help Tesla hit targets by mid-2020s

Increased uncertainty to colour upstream sector’s decision-making in 2020

China’s wind repowering market to boom from 2023

European Investment Bank to cease funding fossil fuel projects

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

ExxonMobil to sell upstream assets in Gippsland Basin

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

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

Malaysia offers significant gas opportunities

Adani gets environmental approval for Carmichael project

Australia's next wave of LNG projects needs to compete to progress

LNG primed for US$200bn capex boom

Oxy tables US$38bn rival bid for Anadarko

BP to exit China shale gas

Exploration’s back in the black

Chevron loses second major production asset in South East Asia

Is the end of the global energy transition closer than we think?

China's retaliatory tariff on US LNG

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