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Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

28 October 2022

Scope 3 emissions account for 80-to-95% of total carbon emissions from oil and gas companies. But only a small number of these firms have set Scope 3 net zero ambitions, according to a recent report from Wood Mackenzie.

News Release

Verisk Announces the Sale of Wood Mackenzie to Veritas Capital

31 October 2022

Verisk (Nasdaq: VRSK), a leading global data analytics provider, and Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Verisk’s Energy business, Wood Mackenzie, for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million.

News Release

Power facilities to potentially use 100 Mt of low-carbon ammonia as feedstock by 2050

17 November 2022

As one of the most-used petrochemicals in the world, ammonia offers a bevy of decarbonization and energy market opportunities, including the potential to provide 100 million tonnes (Mt) into the power sector by 2050 in a high-case scenario. However, without strong policy support, low-carbon ammonia may remain an untapped market, according to “Avoiding Pand-Ammonia” a new report from Wood Mackenzie.

News Release

A better future for energy emerging from crisis

07 December 2022

Wood Mackenzie report offers five key developments for the energy sector over the next 12 months

News Release

Russian refinery products will continue to flow in 2023 despite European price cap

31 January 2023

The European Commission’s announcement that the EU is proposing a US$100 per barrel price cap on Russian oil products such as diesel, jet fuel and gasoline, and a US$45 per barrel cap on discounted products like fuel oil, would not severely impact Russian refiners according to Wood Mackenzie.

News Release

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

16 February 2023

The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

News Release

A supercharged China could turn up the heat on global commodities

23 March 2023

The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie.

News Release

Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

11 April 2023

A team of six professionals from global energy consultancy Wood Mackenzie traveled to energy-impoverished areas of Puerto Rico last month to install solar panels and energy storage systems on homes and a women’s shelter as part of an ongoing charitable project with Let’s Share the Sun Foundation.

News Release

Global floating solar to top 6GW threshold by 2031

24 May 2023

The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies.

News Release

India needs radical transformation to reach net zero emissions by 2070

27 July 2023

How can India attain its net zero emissions goal by 2070, in line with global pledges to reach net zero emissions by mid-century? Wood Mackenzie analyses the scenario in its latest report ‘India energy transition pathways 2070’, concluding that the country must radically transform its energy landscape and prioritise renewable energy, electrification, hydrogen adoption, and carbon removal strategies.

News Release

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

16 August 2023

Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

News Release

Wood Mackenzie launches Lens Carbon

13 October 2023

Wood Mackenzie, the global insight business for renewables, energy and natural resources, has launched Lens Carbon, a unique end-to-end solution that enables users to screen, analyse and value carbon management projects on a global scale.

News Release

7 Btpa of carbon capture needed to meet net zero by 2050

16 October 2023

Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Mhairidh Evans, head of CCUS research for Wood Mackenzie, said that urgency is needed to meet the seven billion tonnes carbon capture (Btpa) required to meet net zero goals in 2050.

News Release

Steel decarbonisation to redefine supply chains by 2050

19 October 2023

The rise of electric-arc furnace technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns.

News Release

COP28: Middle East could play a key role in decarbonising global economy

23 November 2023

Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

News Release

China leads global renewables race with record-breaking 230 GW installations in 2023

28 November 2023

Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined.

News Release

Offshore wind sector doubled down on tangible opportunities in 2023

31 January 2024

Despite supply chain headwinds and price pressures, the global offshore wind sector saw significant growth in its mature pipeline, as late-stage pipeline mergers & acquisitions, turbine orders, and project financial investment decisions (FIDs) saw record activity in 2023. This has boosted the sector’s momentum into 2024.

News Release

Oil prices likely to be lower in 2025 than last year

18 March 2025

Brent crude oil prices are projected to average $73 per barrel in 2025, down $7 per barrel per barrel from 2024, according to Wood Mackenzie’s latest monthly oil market outlook. The $73 per barrel forecast for this year is revised down $0.40 per barrel from the early February monthly report.

News Release

Wood Mackenzie donates solar power system to domestic violence shelter in Puerto Rico

06 March 2025

To honor the upcoming International Women’s Day, Wood Mackenzie, in partnership with Let’s Share the Sun and other third parties, recently donated 24 solar panels and 2 batteries of storage to a shelter for victims of domestic violence in Puerto Rico. The fully installed 10.8 kW-DC system and 27.2 kWh battery will provide a significant portion of the shelter’s power needs.

News Release

Wood Mackenzie launches Lens Power & Renewables

04 March 2025

Wood Mackenzie, the global insight business for renewables, energy, and natural resources, has launched Lens Power & Renewables, a new suite of products with interconnected data, analytics, and insights to navigate the energy transition.

News Release

Oil market uncertainty could significantly affect prices

24 February 2025

Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025, according to its latest market outlook. The forecast considers various geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict, ongoing tariffs, and sanctions against Iran.

News Release

Natural gas remains the crucial bridge in the energy transition, yet challenges persist

20 February 2025

Natural gas will play a vital role in the energy transition, supporting the expansion of renewables and accelerating the shift away from coal, according to the latest Horizons report from Wood Mackenzie. The report, titled "The bridge: Natural gas's crucial role as a transitional energy source," emphasizes that while the world is increasingly turning to renewable energy, natural gas remains fundamental to meeting global energy needs and reducing emissions in the medium term.

News Release

US oil tariffs on Canada and Mexico would significantly impact North American crude flows

06 February 2025

US oil tariffs on Canada and Mexico would initiate a significant shift in crude flows in North America as higher prices would push a portion of US imports into overseas markets, according to a recent report from Wood Mackenzie.

News Release

Shell and Equinor combination creates a new UK superpower, says Wood Mackenzie

06 December 2024

Addressing the announcement of Equinor and Shell combining UK offshore oil and gas assets in a newly incorporated joint venture, Gail Anderson, research director at Wood Mackenzie said, “This new venture will create the biggest producer on the UKCS and demonstrates the long-term attractiveness of the region.”

News Release

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

18 November 2024

Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.

News Release

Global competitiveness of renewable LCOE continues to accelerate

21 October 2024

In 2024, the global landscape for Levelised Cost of Electricity (LCOE) continues to reflect significant advances in renewable energy technologies, with wind and solar power leading the way, according to the latest LCOE reports from Wood Mackenzie.

News Release

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

16 September 2024

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

News Release

Golden Pass LNG project delay to impact global gas markets with removal of new supply, according to Wood Mackenzie

02 August 2024

The new six-month delay to the Golden Pass LNG Terminal LLC planned start-up in Texas will remove a fair amount of new supply from the market in a period of intense growth, shifting the surge from 2026 to 2027 and impacting both the global and North American gas markets, according to analysis from Wood Mackenzie.

News Release

Wood Mackenzie names new leader for Consulting

28 May 2024

Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Matthijs (Thijs) van Koppen to its global executive leadership team as EVP, Head of Consulting.

News Release

US November election results could decelerate energy transition, with $1 trillion in energy investment on the line

16 May 2024

The Infrastructure Investment and Jobs Act (IIJA) of 2021 and the Inflation Reduction Act (IRA) of 2022 catapulted the US to global leadership in decarbonisation. But a victory for former President Donald Trump in the November 2024 election, combined with long-standing issues around the US relationship with China and US government deficits, could significantly alter the path of US energy policy and usher in a delayed transition scenario, according to a new Horizons report from Wood Mackenzie.

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Search results: 2461

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

Verisk Announces the Sale of Wood Mackenzie to Veritas Capital

Power facilities to potentially use 100 Mt of low-carbon ammonia as feedstock by 2050

A better future for energy emerging from crisis

Russian refinery products will continue to flow in 2023 despite European price cap

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

A supercharged China could turn up the heat on global commodities

Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

Global floating solar to top 6GW threshold by 2031

India needs radical transformation to reach net zero emissions by 2070

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

Wood Mackenzie launches Lens Carbon

7 Btpa of carbon capture needed to meet net zero by 2050

Steel decarbonisation to redefine supply chains by 2050

COP28: Middle East could play a key role in decarbonising global economy

China leads global renewables race with record-breaking 230 GW installations in 2023

Offshore wind sector doubled down on tangible opportunities in 2023

Oil prices likely to be lower in 2025 than last year

Wood Mackenzie donates solar power system to domestic violence shelter in Puerto Rico

Wood Mackenzie launches Lens Power & Renewables

Oil market uncertainty could significantly affect prices

Natural gas remains the crucial bridge in the energy transition, yet challenges persist

US oil tariffs on Canada and Mexico would significantly impact North American crude flows

Shell and Equinor combination creates a new UK superpower, says Wood Mackenzie

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

Global competitiveness of renewable LCOE continues to accelerate

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

Golden Pass LNG project delay to impact global gas markets with removal of new supply, according to Wood Mackenzie

Wood Mackenzie names new leader for Consulting

US November election results could decelerate energy transition, with $1 trillion in energy investment on the line

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