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Shell sanctions Crux gas project

30 May 2022

Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin.

Look beyond bid price and lease fees to win in trillion-dollar offshore wind sector

18 May 2022

Cumulative global capex spend in the offshore wind sector is expected to hit US$1 trillion by 2031, according to a new report by Wood Mackenzie. However, investors will no longer only be competing on price alone.

News Release

Russia-Ukraine war could slow global economic growth to 2.5% this year

12 April 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

News Release

About 650,000 barrels per day of Russian crude oil to be ‘swapped’

05 April 2022

About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie.

Comment

Metals and mined commodity price spikes could signal long-lasting changes

24 March 2022

The combination of factors including the Russia-Ukraine conflict, stimulated economies, thriving post-pandemic demand, and ongoing Covid constraints on logistics have put supply chains under immense stress, triggering multiple price records for metals and mined commodities.

News Release

World must double-down on plans to achieve net zero by 2050

23 March 2022

Over the last year, strong demand recovery and a lack of investment in supply has caused prices to rise across sectors. Energy security and geopolitical tensions have added unprecedented uncertainty to markets across the globe. On top of that, countries and corporations still bear the massive challenge of limiting global warming to 1.5 ˚C.

News Release

Global lithium-ion battery capacity to rise five-fold by 2030

22 March 2022

Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie.

News Release

Redesign biggest opportunity to clean up plastic packaging as sector GHG emissions predicted to rise 75% by 2040

21 February 2022

Plastic pollution caught and maintained the world’s attention in the mid-2010s as images of marine environments ravaged by deposits of disposed plastic led global governments and corporations to commit to improving the circular plastic economy.

News Release

Energy transition may shave 2% off global GDP by 2050

20 January 2022

The world has the means, motive and opportunity to cap global warming to the 1.5°C limit agreed in the Paris Climate Accord, new research released today by Wood Mackenzie, a Verisk company (Nasdaq: VRSK) shows. But there will be tangible economic implications of an accelerated energy transition. While global economic output is likely to take a hit until 2050, it could be recoverable by the end of the century, according to Wood Mackenzie.

News Release

Global gas and LNG – 6 trends to watch in 2022

13 January 2022

Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.

News Release

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

11 January 2022

Asia Pacific’s levelised cost of electricity (LCOE) for renewable power broke historical trends and rose in 2021 but still gained ground against fossil fuel power says Wood Mackenzie.

News Release

Global installed wind power capacity set to grow by 9% to 2030

15 December 2021

Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie.

News Release

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

13 December 2021

The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

News Release

Li-ion battery recycling not expected to take off before 2030

08 December 2021

Lithium-ion (Li-ion) battery recycling is not expected to take off before 2030, according to a new report by Wood Mackenzie.

News Release

The plastics industry must go under the knife for a more sustainable future

18 November 2021

Stemming the flow of plastics into the environment will need ‘more than a nip and tuck approach’ if the world is to reach peak plastic and meet the net zero challenge, says Wood Mackenzie.

Comment

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

25 October 2021

Minister for Trade and Industry Gan Kim Yong said today that Singapore plans to import around 30 per cent of its electricity from low-carbon sources by 2035.

News Release

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

08 October 2021

Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

High carbon tax could erode up to 60% of Asia’s refining earnings

05 October 2021

A high carbon tax could erode up to 60% of Asia’s total refining earnings by 2027, says Wood Mackenzie, at the Global Energy Summit Focus Week.

Comment

China pledges to end overseas coal investments

22 September 2021

President Xi Jinping announced that China will end coal investments overseas.

News Release

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

19 August 2021

– Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said in a report released today.

Comment

Woodside confirms potential merger with BHP's petroleum business

16 August 2021

Woodside has confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business.

News Release

Steel sector emissions must fall 75% under 2°C scenario

10 August 2021

Carbon emissions in the steel sector must fall by 75% from today’s levels to limit global warming to within 2 degree Celsius (°C), says Wood Mackenzie.

Comment

China’s CATL launches sodium-ion battery

29 July 2021

China’s CATL unveiled its newly-developed sodium-ion battery at a launch event today.

Comment

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

27 July 2021

Last week, Japan’s Ministry of Economy, Trade and Industry (METI) released a draft of its upcoming 6th Strategic Energy Plan which included major changes to the FY2030 power generation mix targets.

Comment

ArcelorMittal to take green steel honours with Sestao plan

13 July 2021

European steelmaker ArcelorMittal today announced plans to become the world’s first steelmaker to produce fossil-free steel using virgin iron. ArcelorMittal, the world’s second largest steelmaker and Europe’s largest producer, plans to produce fossil-free steel via a process known as H-DRI-EAF.

News Release

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

08 July 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

News Release

Will higher oil prices spell trouble for upstream discipline?

19 April 2021

In its rebound from the 2020 downturn, Brent flirted with US$70 per barrel. Higher prices in 2021 mean higher cash flow for producers, perhaps even record-setting highs. Have the good times returned? Global natural resources consultancy Wood Mackenzie believes operators need to be cautious.

News Release

Carbon neutrality goal forces Chinese aluminium smelters away from captive coal power

19 April 2021

China’s march towards carbon neutrality is forcing its aluminium smelters away from using captive coal-fired power, says Wood Mackenzie.

News Release

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

30 March 2021

Granular subsurface data is key to understanding advantaged resources

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Search results: 2499

Shell sanctions Crux gas project

Look beyond bid price and lease fees to win in trillion-dollar offshore wind sector

Russia-Ukraine war could slow global economic growth to 2.5% this year

About 650,000 barrels per day of Russian crude oil to be ‘swapped’

Metals and mined commodity price spikes could signal long-lasting changes

World must double-down on plans to achieve net zero by 2050

Global lithium-ion battery capacity to rise five-fold by 2030

Redesign biggest opportunity to clean up plastic packaging as sector GHG emissions predicted to rise 75% by 2040

Energy transition may shave 2% off global GDP by 2050

Global gas and LNG – 6 trends to watch in 2022

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

Global installed wind power capacity set to grow by 9% to 2030

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

Li-ion battery recycling not expected to take off before 2030

The plastics industry must go under the knife for a more sustainable future

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

Global energy storage set to triple in 2021

High carbon tax could erode up to 60% of Asia’s refining earnings

China pledges to end overseas coal investments

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

Woodside confirms potential merger with BHP's petroleum business

Steel sector emissions must fall 75% under 2°C scenario

China’s CATL launches sodium-ion battery

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

ArcelorMittal to take green steel honours with Sestao plan

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

Will higher oil prices spell trouble for upstream discipline?

Carbon neutrality goal forces Chinese aluminium smelters away from captive coal power

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

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