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COP28: a metals and mining stocktake

04 December 2023

Metals have a crucial role to play in providing materials for low carbon technologies that will reduce fossil fuel use.

How to thrive in the petrochemicals downturn

23 September 2019

The petrochemicals industry has been enjoying boom conditions. But after several years of strong margin generation, storm clouds are gathering.

Comment

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

13 August 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

Comment

ExxonMobil and QP land a giant with Glaucus

28 February 2019

ExxonMobil and partner Qatar Petroleum today announced they made a major gas find with the Glaucus-1 well, drilled offshore Cyprus. “Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. He added: “It will be one of the biggest discoveries of the year."

News Release

Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040

28 July 2020

According to a new report by Wood Mackenzie, oil products demand in Asia Pacific is expected to fall by 1.8 million barrels per day (b/d) year-on-year in 2020.

News Release

North Sea to remain global hotspot in 2020

09 January 2020

It will be a noteworthy year for the North Sea – companies will increase production for the first time since 2017 and the outlook for both exploration and investment is looking healthy. The region will remain a global hotspot for deals as the corporate landscape continues to evolve. Crucially, the North Sea will also see major steps towards decarbonisation.

Featured

Predictions for 2020

19 December 2019

For the last Energy Pulse of 2019, WoodMac experts have given their predictions of what to expect in 2020. Their forecasts include: a slowdown in US oil production growth; further asset sales by the large international oil companies; strong growth in solar power to give another record year for installations; mounting pressure from investors over climate risk and financial strength; rising carbon emissions, and a revival in awareness of the importance of metals to the energy transition. There are also our selections of the Quote of the Year and Chart of the Year.

News Release

European gas storage plans for 2023 still stand despite cold snap

14 December 2022

Colder temperatures across Europe have increased month-on-month heating demand by 20% in December, but behavioural change in households and services means the amount of gas used in these sectors is 16% lower than previous average consumption patterns for similar temperatures says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Opinion

Heating up: 2024 showcased the promise of geothermal energy

19 February 2025

Geothermal energy is gaining momentum - driven by new tech, major investments and big tech partnerships. Is it the next big player in renewables?

Comment

Can the North Sea survive the price rout?

23 March 2020

The North Sea has weathered several storms in its 50-year existence. But the events of the past few weeks mean the sector is entering uncharted waters. The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003.

Featured

IMO 2020 - Countdown to 1 January 2020

07 June 2019

The implementation date for the IMO’s global fuel sulphur content cap is not far away. How will these changes affect the downstream, upstream, LNG and bulks sectors? And how prepared is the industry? Our experts share their views in this webinar.

Featured

How will global gas and LNG markets respond to oversupply in 2020?

10 February 2020

What will 2020 look like? And what could happen that will shape the market longer term?

Editorial

Private equity in the North Sea

10 August 2017

These companies have an appetite to invest, and we estimate there are close to 20 PE-backed vehicles with war-chests approaching US$15 billion for North Sea acquisitions.

Opinion

How should Cyprus' giant gas discoveries be commercialised?

04 June 2019

Cyprus has been a bright spot for exploration over the last 7 years, with a string of giant gas discoveries. We estimate a total of 11 tcf of recoverable gas resource has been found. Can these be commercialised?

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.

Comment

BP sells Alaska business to Hilcorp in US$5.6bn deal

27 August 2019

Speaking after BP announced the sale of its Alaska business to Hilcorp in a US$5.6 billion deal, Wood Mackenzie analyst Rowena Gunn said: “The Majors are making progress with their divestment campaigns. This will mean long-held assets and territories will be let go. BP made such a deal today with its sale of all US Alaska assets to privately-owned Hilcorp."

Comment

Collapsing demand sets the terms in the OPEC+ battle for market share

09 April 2020

Since OPEC+’s failure to agree on production restraint on 5-6 March, the implications of the Covid-19 pandemic have become far clearer, sparking a crisis in the oil market as prices fell and supply ramped up. The problem for these producers is the scale of the fall in oil demand, especially during April and forecast for Q2 2020. No matter the size of the varying forecasts, they all point to a challenging market that puts pressure on storage space and prices.

Partnered Content

Beyond Renewables: Financing US Sustainability in 2024 and Beyond

22 February 2024

Boosted by the wide-ranging tax incentives in the Inflation Reduction Act, US sustainability financing is at an inflection point. Our new partnered report discusses key matters for financing the energy transition in 2024 and beyond.

Comment

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

10 July 2019

French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

Comment

What would an EU carbon border adjustment mechanism mean?

14 July 2021

The EU Commission proposed a carbon border adjustment mechanism (CBAM) as part of today’s “Fit for 55” package. James Whiteside, global head of multi-commodity research at Wood Mackenzie, said: “As the first mechanism of its kind, the CBAM is being designed in consultation with industry to avoid unintended consequences. “A CBAM that does not cover a substantial portion of the production chain will encourage carbon leakage - pushing emissions beyond the borders of the EU or shifting competition between EU and non-EU producers to the next stage of the value chain.”

Featured

The EU’s new carbon tax at the border

31 January 2020

The European Commission is proposing a new emissions-based import duty to prevent “carbon leakage”, but could face opposition from the US. This and more from Ed Crooks in this week's Energy Pulse.

Comment

Red-letter day for Norway as Johan Sverdrup comes on stream

08 October 2019

First oil from Johan Sverdrup – Norway’s sixth-largest discovery, with reserves of around 2.7 billion barrels – is a red-letter day for the partners and the Norwegian state. The decision to sanction the development was the country's largest final investment decision in more than 30 years.

Editorial

It's a wrap – the 2017 PET packaging market

28 September 2018

2017 was a roller coaster year for the PET packaging market in West Europe. Our latest analysis has been based on a wide-ranging programme of interviews and discussions with participants throughout the PET recycling chain, including compliance agencies, reclaimers, traders and end users.

Opinion

Can the North Sea oil and gas industry survive the downturn?

23 March 2020

The coronavirus pandemic and collapse in OPEC+ production restraint has seen Brent reach its lowest point since 2003. Can the North Sea weather the storm?

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.

Opinion

Policy changes threaten California’s solar industry

28 January 2022

Distribution generation has grown rapidly in California, Brent Crude breaks US$90 a barrel, and winners and losers from an accelerated energy transition.

The Edge

Can emissions taxes decarbonise the LNG industry?

11 April 2024

The LNG industry is facing growing pressure to decarbonise. But this can't be achieved without major investment, pushing up the price of delivered LNG. Buyers have so far been reluctant to pay a premium for low-carbon volumes. Taxing LNG emissions could change this. Europe is leading the way, with the EU taxing the fuel emissions of LNG vessels from this year. While an important first step, much more is required for the industry to decarbonise at scale.

Featured

The changing global crude trade landscape

28 November 2018

Over the next five to six years global crude trade is expected to significantly change. This will impact the entire chain, from producers to investors. In this three part series, we look at the global story, the six key themes and finally, we focus on the likely impacts for Asia.

Featured

Why Covid-19 is the ultimate energy transition stress test for refiners

20 July 2020

Covid-19 is a threat to global refiners. Who will thrive? Who will merely survive? And what does this tell us about refiners’ resilience and readiness to take on the energy transition?

News Release

Bulks most affected by Russia-Ukraine conflict; rising power prices a key concern

15 February 2022

Trade dislocations due to sanctions, high power prices and disruption to production facilities in the conflict zone are three major threats to the metals and mining industry as result of escalating conflict between Russia and Ukraine, says Wood Mackenzie.

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Search results: 591

COP28: a metals and mining stocktake

How to thrive in the petrochemicals downturn

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

ExxonMobil and QP land a giant with Glaucus

Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040

North Sea to remain global hotspot in 2020

Predictions for 2020

European gas storage plans for 2023 still stand despite cold snap

Heating up: 2024 showcased the promise of geothermal energy

Can the North Sea survive the price rout?

IMO 2020 - Countdown to 1 January 2020

How will global gas and LNG markets respond to oversupply in 2020?

Private equity in the North Sea

How should Cyprus' giant gas discoveries be commercialised?

Steel decarbonisation to redefine supply chains by 2050

BP sells Alaska business to Hilcorp in US$5.6bn deal

Collapsing demand sets the terms in the OPEC+ battle for market share

Beyond Renewables: Financing US Sustainability in 2024 and Beyond

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

What would an EU carbon border adjustment mechanism mean?

The EU’s new carbon tax at the border

Red-letter day for Norway as Johan Sverdrup comes on stream

It's a wrap – the 2017 PET packaging market

Can the North Sea oil and gas industry survive the downturn?

Offshore wind sector doubled down on tangible opportunities in 2023

Policy changes threaten California’s solar industry

Can emissions taxes decarbonise the LNG industry?

The changing global crude trade landscape

Why Covid-19 is the ultimate energy transition stress test for refiners

Bulks most affected by Russia-Ukraine conflict; rising power prices a key concern

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