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Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

20 May 2021

The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

News Release

2020s to be decade of emerging solar PV markets

25 February 2020

The next decade is set to deliver more of the same for solar PV, according to Wood Mackenzie.

News Release

Macri reforms reshape Argentina's gas sector

28 February 2019

When President Mauricio Macri took power in Argentina in 2015, one of his flagship energy policy programmes was to “normalise” the country’s gas and power markets. Macri set in train moves to gradually reduce government intervention, restoring free market dynamics and pricing driven by competition. The progress the Macri administration has achieved in reshaping the gas market environment has remarkable, helped in no small part by the prolific shale gas resources of the Vaca Muerta.

News Release

U.S. grid-scale energy storage installations set new record in Q2 2023

25 September 2023

Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today.

News Release

Permian operators cash in ... by thinking inside the box

21 August 2019

As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.

News Release

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

19 January 2023

The Inflation Reduction Act (IRA), flagship legislation focused on accelerating decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. A rise from US$64 billion in 2022 to nearly US$114 billion is expected by 2031, according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

06 December 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

News Release

Asia Pacific upstream - 5 themes to watch in 2020

19 December 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.

News Release

Oil and gas companies must be bold as energy transition sets tone for 2022

09 December 2021

It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for the energy transition ahead. New research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), indicates that oil and gas companies are likely to be bold in 2022. Formidable cash flow generation, increasing new energy opportunities and the development of a carbon market are a powerful force for change.

News Release

CO2 utilisation potential as key global decarbonization tool limited by current economics

26 August 2024

Carbon Capture Utilisation and Storage (CCUS) is a crucial element in global decarbonisation, but current economics limit CO2 utilisation deployment as high costs and insufficient subsidies hinder the market, according to a recent report from Wood Mackenzie.

News Release

Carbon removal key to meeting Paris Agreement target

24 June 2021

Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

News Release

FLNG sector thriving amid projects boom

31 August 2023

The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

Major policy changes in China to drive long-term solar installation growth

14 May 2019

The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.

News Release

Gas turbine prices soar 195% as market faces supply-demand crisis

01 April 2026

Prices anticipated to be US$600/kW by end-2027—a 195% increase since 2019 Orders to peak in 2026, as developers secure 63GW of gas capacity through 2030 Driven by increased electrification demand, especially around the expansion of data centers, the gas turbine market faces a significant market...

News Release

Despite surging power demand, gas-fired power faces manufacturing constraints that could limit near-term growth

14 May 2025

A new report from Wood Mackenzie finds that despite surging power demand, the gas turbine market could experience "turbo lag" in the next 15 years due to manufacturing constraints, rising costs, and competition from renewables.

News Release

Private equity's future in US Gulf of Mexico deepwater

19 September 2018

With many Independents and Majors chasing onshore shale and white hot Brazil and Mexico, the US Gulf of Mexico, once the coveted jewel of the oil industry, has become a lower investment priority in recent years. This has opened the space for private equity-backed companies who have stepped up to the plate, turned pennies into dollars and shown they have what it takes to compete.

News Release

Fair and transparent fiscal terms key to accelerating transition resource investments

21 April 2022

The race is on in the exploration and development of transition resources required for global decarbonisation. However, the investment environment needs to be more conducive, and the establishment of fair and transparent fiscal policies could be the key, says Wood Mackenzie.

News Release

Asian LNG demand forecast to decline for a second consecutive year as Middle East conflict reshapes regional supply flows

13 July 2026

Asian LNG demand is heading for a second consecutive year of decline. Wood Mackenzie forecasts Asia Pacific demand at 257 Mt in 2026, down from 268 Mt in 2025 and a peak of 278 Mt in 2024, as the Middle East conflict tightens global supply and pushes spot prices to levels that are forcing buyers across the region to cut volumes, switch fuels and accelerate supply diversification.

News Release

What will a fresh output cap at Groningen mean for the gas market?

01 February 2018

A new cap on production from the Netherlands' giant Groningen gas field may have an impact on the security of Europe's gas supply, hurt Dutch treasury receipts and prompt a reassessment of the field's remaining value.

News Release

Oil and mining companies must adapt new strategies to deliver low-carbon transition

20 April 2023

As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

News Release

Permian producers hedge their bets against pipeline delays

11 September 2018

Permian producers increased their 2020 oil-basis hedge positions by 431% during Q2. Such a sharp rise suggests producers perceive a higher risk that key pipeline projects fail to start up by 2019 target dates, according Wood Mackenzie's latest analysis of oil and gas activity.

News Release

Solar and wind uptake to reach 5.4 TWac from 2024 to 2033

08 July 2024

From 2024 to 2033, developers will bring more than 5.4 terawatts (TWac) of new solar and wind capacity online, increasing the cumulative global total to 8 TWac, as the world endeavours to electrify economies and meet decarbonisation targets.

News Release

Total brings Culzean on stream, ahead of time and under budget

11 June 2019

French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

News Release

Gold industry must invest $37bn by 2025 to maintain 2019 production levels

17 June 2020

Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programmes paused or cancelled and project disruptions hampering production, the summit is in sight.

News Release

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

20 July 2023

Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

News Release

Energy transition to drive refinery and petrochemicals integration

16 February 2021

2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood Mackenzie.

News Release

Veritas Capital completes acquisition of Wood Mackenzie

02 February 2023

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

News Release

Can upstream cost savings stick?

15 December 2017

The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

News Release

Can Europe cope if Russia shuts off Ukraine gas transit?

19 December 2019

The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."

News Release

Global wind turbine order intake breaks record in Q2

12 September 2022

Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.

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Search results: 958

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

2020s to be decade of emerging solar PV markets

Macri reforms reshape Argentina's gas sector

U.S. grid-scale energy storage installations set new record in Q2 2023

Permian operators cash in ... by thinking inside the box

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

Asia Pacific upstream - 5 themes to watch in 2020

Oil and gas companies must be bold as energy transition sets tone for 2022

CO2 utilisation potential as key global decarbonization tool limited by current economics

Carbon removal key to meeting Paris Agreement target

FLNG sector thriving amid projects boom

Major policy changes in China to drive long-term solar installation growth

Gas turbine prices soar 195% as market faces supply-demand crisis

Despite surging power demand, gas-fired power faces manufacturing constraints that could limit near-term growth

Private equity's future in US Gulf of Mexico deepwater

Fair and transparent fiscal terms key to accelerating transition resource investments

Asian LNG demand forecast to decline for a second consecutive year as Middle East conflict reshapes regional supply flows

What will a fresh output cap at Groningen mean for the gas market?

Oil and mining companies must adapt new strategies to deliver low-carbon transition

Permian producers hedge their bets against pipeline delays

Solar and wind uptake to reach 5.4 TWac from 2024 to 2033

Total brings Culzean on stream, ahead of time and under budget

Gold industry must invest $37bn by 2025 to maintain 2019 production levels

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

Energy transition to drive refinery and petrochemicals integration

Veritas Capital completes acquisition of Wood Mackenzie

Can upstream cost savings stick?

Can Europe cope if Russia shuts off Ukraine gas transit?

Global wind turbine order intake breaks record in Q2

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