Brulpadda delivers the goods for Total

• 07 February 2019

French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

Smoother sailing ahead for upstream supply chain players

• 06 February 2019

The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie. As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.

Golden Pass crests second wave of US LNG

• 05 February 2019

ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.

Has FLNG crested the wave?

• 30 January 2019

Despite its small share of the total liquefied natural gas market, floating LNG (FLNG) has generated outsized interest in recent years. In a world requiring tight capital discipline, FLNG offers lower capital investment and manageable costs, particularly in frontier regions.

Brent set to average $65/b in 2019

• 21 January 2019

Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the volatility, with political uncertainty compounding concerns of a sharper than expected economic slowdown. What's the outlook for 2019?

Outlook sluggish for upstream M&A

• 21 January 2019

Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.

Fibrant Nanjing declares force majeure on Caprolactam

• 18 January 2019

Commenting on Fibrant Nanjing's announced force majeure on Caprolactam, Dr. Crystal Chiang, Wood Mackenzie Chemicals Asia Polyamide Director, said:

Looming supply chain crunch threatens US wind energy boom

• 09 January 2019

Read about the potential supply chain issues facing the US wind energy industry & how they may impact its growth.

Medco Energi's potential takeover of UK-listed Ophir Energy

• 02 January 2019

On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.

US Gulf of Mexico poised for historic year in 2019

• 19 December 2018

Next year is shaping up to be a good one in the US Gulf of Mexico, with the first increase in drilling in four years, first-ever production from a Jurassic play, key new project sanctions and an uptick in M&A all in the cards, according to Wood Mackenzie's annual US Gulf of Mexico outlook.

Solar tariffs hold back Q3 installations, scramble project timelines as procurement pipeline booms

• 13 December 2018

The Section 201 solar tariffs took a toll on U.S. utility-scale solar installations in the third quarter according to the U.S. Solar Market Insight Report for Q3 from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). The residential market, meanwhile, continued...

Scraping the barrel: is the world running out of high-quality oil and gas?

• 16 February 2023

The world won't run out of oil or gas anytime soon. But truly advantaged resources – with low break-even costs and low emissions – are anything but plentiful.

Boom time: what the Inflation Reduction Act means for US renewables manufacturers

• 19 January 2023

Without doubt, 2022 will be remembered as one of the most pivotal years in the history of power generation. It was the year that highlighted the folly of concentrated supply.

Silver linings playbook: five reasons to be cheerful

• 08 December 2022

Our analysts have identified five developments that suggest that, despite the setbacks of the past year, the world is laying the foundations for a decade or more of sustained opportunity that will deliver better outcomes for the reliability, affordability and sustainability of our energy and natural resources.

Bio-liquid gold: how biofuel circularity could unlock the energy transition

• 18 August 2022

There’s little doubt that liquid biofuels should play a crucial role in the energy transition. Bio-based diesel and aviation fuels from plant-based feedstock could emit 80% less carbon than the crude oil-based products that dominate today’s global market. The question is how to make it happen.

The big ban: global commodities in a post-Ukraine-war world

• 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. Read more.

Utility 3.0: how Africa is remaking the grid

• 17 March 2022

The future of energy is electric. As the world lurches towards net zero amid unrelenting climate change, electricity networks will become even more critical to the modern economy.

Power play: How China's boom year is changing the path of the energy transition

• 16 February 2022

The energy crisis shows little sign of loosening its grip and the world feels a long way from the low-carbon, low-cost energy future heralded by governments at COP26. Read more.

One giant leap: President Biden's vision for repowering America

• 16 September 2021

Sixty years after President John F. Kennedy launched the programme that would put the first man on the moon, US President Joe Biden has set an equally challenging, transformative goal: achieving net zero emissions in the US power sector by 2035 and the broader economy by 2050.

Location, location, location: the key to carbon disposal

• 24 June 2021

By our calculations, even if we manage to meet the goals of the Paris Agreement and limit global warming to 1.5 °C of pre-industrial levels, fossil fuels will still account for close to 37% of the world’s primary energy demand in 2050.

Swimming upstream: a survivor's guide

• 04 May 2021

Navigating oil and gas in a time of hyper-uncertainty

Tectonic shift: China’s world-changing push for energy independence

• 16 March 2021

China’s phenomenal growth has been fuelled by hydrocarbons and built with metals.

Total eclipse: how falling costs will secure solar’s dominance in power

• 21 January 2021

Renewables are the proven zero-carbon technology where much of the capital funding the energy transition will be invested.

Fast and Furious: Europe's race to slash emissions by 2030

• 18 February 2021

Renewables are the proven zero-carbon technology where much of the capital funding the energy transition will be invested.

Conditions of use: Using Wood Mackenzie data and information - A brief overview

• 13 February 2020

Using Wood Mackenzie Data A brief overview This brief overview is designed to help employees of our corporate clients, and other permitted users as agreed, ("you") understand how they can use Wood Mackenzie’s information and data contained in its Products and Services. Crucially, it also outlines...

Tariff shockwaves: what trading professionals need to know

• 27 June 2025

Wood Mackenzie investigates how each sector is being affected by recent US tariff policies, and what traders and strategists should be watching.

Europe coal burn report

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