• Opinion

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

  • 29 8月 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 steel demand growth to slow as property policy tightens

  • 12 9月 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

  ExxonMobil to sell upstream assets in Gippsland Basin

  • 18 9月 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 9月 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

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

  • 26 9月 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 10月 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.

• Content

  Featured Reports

  • 09 8月 2018

  We're highlighting our most popular reports. Gain instant access to detailed data — by the numbers and with visualisation — to address business challenges and make better, more strategic decisions.

• Comment

  European Investment Bank to cease funding fossil fuel projects

  • 15 11月 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.

• Content

  Digitalisation Guide

  • 08 2月 2019

  Digitalisation promises to reduce costs and bolster the bottom line. And at a time when oil and gas is facing an existential crisis in the form of the energy transition, it could be key to the industry’s survival.

• News Release

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

  • 09 1月 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

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

  • 09 1月 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

  China’s wind repowering market to boom from 2023

  • 17 12月 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).

• News Release

  Asia Pacific upstream - 5 themes to watch in 2020

  • 19 12月 2019

  Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020.

• Comment

  What does the US-China trade deal mean for refiners - and for the market?

  • 20 1月 2020

  After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

• News Release

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

  • 15 1月 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.

• The Edge

  What if the energy transition accelerates?

  • 14 11月 2018

  What if the energy transition accelerates? And what that could mean for renewables, coal, oil, gas and emissions. Simon Flowers investigates.

• Opinion

  Simon Flowers explores LNG trends and long term outlook

  • 28 11月 2018

  Simon Flowers' perspective on the growth of electric vehicles, the growing role of the US in global LNG markets, and more.

• The Edge

  Geopolitics and the transition from oil to electric vehicles

  • 23 10月 2018

  Will geopolitics forever dog the transportation sector, even when electric vehicles (EVs) replace internal combustion engine (ICE) vehicles? Simon Flowers investigates.

• Featured

  When, why and how is the global energy transition going to happen?

  • 16 10月 2018

  When, why and how is the great fuel switch going to happen? The great energy transition is already underway - we do the maths.

• The Edge

  What’s holding back a new investment cycle?

  • 02 10月 2018

  Despite strong financial performance for the 48 IOCs and NOCs covered in our Corporate Service this year, investment activity is weak. Simon Flowers and Norman Valentine discuss.

• Opinion

  US tight oil piles pressure on refiners

  • 01 10月 2018

  Alan Gelder looks at the ways in which US tight oil has revolutionised the global oil market. This article first appeared on Forbes.com on September 27, 2018.

• Editorial

  Electric vehicles – the story so far

  • 10 10月 2018

  How will the rise of electric vehicles impact the future of transport and the natural resources industry? In 2018, our experts have been exploring what that means for oil, metals and power markets around the world.

• Opinion

  Spot market not a reliable pricing mechanism, says GECF leader

  • 24 9月 2018

  Dr Yury Sentyurin. Secretary General of the GECF, cautions against relying on gas-on-gas pricing in this interview with LNG Research Manager Edward Gomersall.

• Editorial

  The rise of electric vehicles and the cobalt conundrum

  • 25 9月 2018

  The electric vehicle exuberance has been gaining traction in recent years. Governments are setting ever more aggressive targets on internal combustion engine bans, while automakers have been jockeying to outdo each other by laying out bullish production plans for new electrified models.

• The Edge

  The case for investing more in exploration

  • 25 9月 2018

  The industry isn’t finding enough oil. We need more Guyanas, a lot more, and we need them soon. Without them, the oil market is in danger of tightening in the not too distant future.

• The Edge

  Is LNG poised for a new growth cycle?

  • 11 9月 2018

  This week in The Edge, Simon Flowers asks whether LNG is poised for a new growth cycle. And addresses three major challenges for the global LNG industry – competitive new supply, the effect of rising US supply, the need for gas advocacy.

• Editorial

  What the surge in oil-basis hedges tells us about Permian operators

  • 11 9月 2018

  Permian producers increased their 2020 oil-basis hedge positions by 431% in Q2 2018. What does the surge in oil-basis hedges tell us about Permian operator sentiment? And what is the implication for projects due to start up in 2019? Find out in our latest analysis of oil and gas hedging activity.

• Opinion

  Regulatory clouds darken a bright outlook for refining

  • 27 7月 2018

  The spotlight fell on the refining sector in 2015 as the oil price collapsed and oil demand surged, resulting in a record year for global refining margins. How long can this picture of rude health continue?

• Featured

  6 forces driving improved upstream project delivery

  • 13 8月 2018

  What can the industry do to give their projects the best chance of being delivered successfully? Our analysis points to six key factors that in most recent cases combined to create better execution.

• Editorial

  India’s flexible packaging enjoys continuing growth despite a stuttering economy

  • 23 1月 2018

  Our latest study of the Indian flexible packaging market place ‘Flexible Packaging Supply Demand Study – India’ shows that despite the current uncertainty in the Indian economy, demand for flexible packaging continues to grow at a pace, reaching an estimated $5.6 billion in 2017. India now has the fourth largest flexible packaging market, representing around 6% of the global market, behind the US, China and Japan.