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Mexico's new president: Energy future at a crossroads
- 02 July 2018
After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.
News Release
OPEC+ deal balances consumer pressure with need for stable prices
- 23 June 2018
The OPEC+ meeting, held in Vienna on 23 June 2018, confirmed Saudi Arabia and Russia’s high-level commitment to co-operate to manage the oil market.
Comment
China retaliates with tariffs on $34 billion worth of US goods
- 18 June 2018
Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.
News Release
Exploration industry eyes a brighter future at EAGE
- 12 June 2018
In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.
News Release
A new era for oil and gas in Mexico
- 16 May 2018
Look no further than Mexico for an example of what a successful energy reform looks like. Over the past five years, the country has dramatically overhauled its energy landscape. A new report analyses the impacts of the energy reform on the country's upstream sector.
News Release
IMO aims to halve global shipping emissions. But, what will it cost?
- 12 April 2018
The IMO is gearing up to cap sulphur emissions. Wood Mackenzie looks at the potential impact the new regulations could have on the shipping and bunker fuel sectors.
News Release
Upstream FIDs pushes on with lower costs
- 05 April 2018
As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.
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US Gulf of Mexico Lease Sale 250
- 22 March 2018
On Wednesday, 21 March 2018, the US held its region-wide GoM Lease Sale 250, attracting 159 bids from 33 participating companies, with high bids totalling US$124.8 million. The total of high bids represents a modest increase of about US$3 million over last year's August region wide Lease Sale 249 but is still a lacklustre result.
News Release
Conventional pre-FID breakevens give the Lower 48 a run for its money
- 14 March 2018
Analysis of global oil cost curves indicates that many conventional pre-FID projects – even deepwater developments - are now competitive on a breakeven basis with US Lower 48 tight oil. However, this competitiveness has come at the expense of volumes. The trade-off of cost efficiency versus volumes means that in the medium- to long-term, the cost of supply is set to increase, highlighting the US Lower 48’s role as an important marginal barrel producer.
News Release
Will a shifting global market embrace US crude?
- 05 March 2018
A new study by Wood Mackenzie, examines this shift in the oil market, and assesses the challenges and opportunities facing the market and US producers and midstream operators.
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Global Polyethylene Markets: 6 Key Things to Look For in 2018
- 16 January 2018
The year 2018 will be recorded as the "transition year" for the polyethylene industry. Widely anticipated North American polyethylene resin will hit the global markets, China's ban on importing scrap plastic will challenge the prevailing trends, and new tax structures in the United States and India will show its full impact on the plastic industry.
News Release
Producers double down on hedging in Q3 2017
- 29 November 2017
Hedging activity surged in Q3 2017 as oil producers rushed to lock in rising prices for future production, according to Wood Mackenzie's latest analysis of oil and gas hedging activity.
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Will Trump's Beijing trip win some LNG deals for the US?
- 08 November 2017
The Trump administration has been championing US energy exports as its preferred instrument for narrowing its trade deficit in the wake of the US shale boom. A combination of rising export capacity in the US, LNG import demand growth in China, and political cheerleading has underpinned an uptick in LNG exports to China this year via third party, spot trades. Will Trump's trip to Beijing seal the deal for some major LNG deals?
News Release
What's behind Libya's production boost?
- 20 October 2017
Libya's oil production has increased steeply from August 2016’s low point of below 300,000 barrels per day (b/d) to around 850,000 b/d at present, passing the 1 million b/d barrier in July. But Wood Mackenzie believes Libya may now be reaching its near-term production limits and future growth will be gradual.
News Release
Non-OPEC decline rates to remain stable until 2020
- 27 September 2017
Through operational excellence programmes and smart spending, operators have managed to maximise production and improve efficiencies, bucking expectations of an increase in decline rates. In fact, non-OPEC decline rates have remained stable since 2015. A new report by Wood Mackenzie, Non-OPEC Decline Rates: Lower for Longer, looks at the factors influencing this stability, how long it can be maintained and the impact future shifting decline rates may have on the oil market.
News Release
Majors start shaping strategies to capture a piece of the renewables action
- 26 September 2017
Renewable energy sources are set to radically reshape global energy markets. For the Majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios.
News Release
Global upstream FIDs on track to double in 2017
- 17 July 2017
In the first half of the year, the industry has already witnessed 15 project sanctions, almost comparable to project sanctions in the whole of 2016.
News Release
Upstream players grapple with uncertainty
- 15 May 2017
To gauge the state of the sector, Wood Mackenzie asked its client base to share their thoughts on a number of key themes, and the responses were analysed to give a comprehensive view of how the sector’s key players view the future.
News Release
Revival of deepwater industry: best projects closing gap
- 30 March 2017
The deepwater industry has emerged from the downturn leaner and more competitive with US tight oil
News Release
IMO 2020 regulation could cost shippers extra US$60 billion a year
- 28 February 2017
The 0.5 wt% sulphur cap for bunker fuels could have far-reaching repercussions
News Release
New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie
- 11 January 2017
Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.
News Release
Complete ban on Russian commodity exports accelerate LNG growth and energy transition
- 16 June 2022
War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.
News Release
Russia supply reduction via Nord Stream poses risks to gas storage refill in Europe
- 17 June 2022
Russia reducing flows via Nord Stream, outages at Freeport and French nuclear downgrades have sent the European natural gas market into an upward spiral with more volatility still to come. And while summer consumption will be covered, analysts at Wood Mackenzie, a Verisk business (Nasdaq: VRSK) say storage refill is at risk unless additional demand and supply measures are taken.
News Release
Global top 10 solar PV inverter vendors account for 82% of market share
- 08 July 2022
Global top 10 solar photovoltaic (PV) inverter vendors shored up 82% of market share in 2021, increasing by 2 percentage points compared to 2020, says Wood Mackenzie.
News Release
Wood Mackenzie and Ball Corporation introduce new tool that tracks global LNG liquefaction train statuses in near real-time
- 13 July 2022
Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BALL) today announced the launch of Global LNG Liquefaction Monitoring – the first product arising from their strategic agreement to accelerate the development of advanced analytics for energy markets.
News Release
China’s LNG imports to see unprecedented decline in 2022
- 19 July 2022
China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood Mackenzie.
News Release
Half of traditional super basins are future-fit and they have three things in common
- 21 July 2022
Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by Wood Mackenzie.
News Release
Waste-based biofuels could be the key to unlocking the energy transition
- 18 August 2022
Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
News Release
CCUS planned capacity nearing 1 billion tonnes per annum
- 26 August 2022
US Inflation Reduction Act bill set to boost CCUS uptake but more is needed to meet net zero goals by 2050
News Release
The Australian energy crisis highlights the need for new gas supply
- 29 August 2022
With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

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