Oil supply cuts could curtail 15% of ethylene supply in Middle East

• 13 May 2020

Approximately 15% of ethane-based ethylene supply in the Middle East could be lost this year due to oil supply dynamics, according to new analysis from Wood Mackenzie. This equates to around 1.5 million tons of ethylene.

The Interchange Recharged podcast: how wave power can supplement wind and solar

• 22 July 2022

The energy transition is a machine with hundreds of moving parts. We are joined by Jan Skjoldhammer, from NoviOcean. NoviOcean has developed a wave energy converter which it says can deliver lower energy costs and supplement the solar grid.

Will we see an upstream M&A revival in 2023?

• 17 January 2023

Differing strategic drivers across key peer groups will all influence oil and gas sector deal-making in 2023.

US oil and gas companies learn to live with higher standards

• 26 May 2023

Pressure from stakeholders is pushing oil and gas companies to improve their environmental performance, driving industry consolidation

Over US $121 billion in renewable investment at risk as increased federal oversight exposes 92 GW of projects to heightened permitting scrutiny

• 29 June 2026

On federal lands, permitting changes and federal funding withdrawals directly contributed to 7 GW of project cancellations or inactivity in 2025, while heightened federal oversight could expose an additional 12 GW on federal lands and 80 GW on private lands, putting more than US $121 billion of investment at risk.

Energy transition outlook: Americas

• 21 April 2026

North America focuses on domestic resource value while recalibrating climate and competitiveness priorities.

M&A Service

Keep abreast of M&A developments, emerging trends and acquisition opportunities.

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

• 11 June 2019

Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.

Diverging views on the role of gas in the energy transition

• 01 February 2024

Comparing Wood Mackenzie’s Net Zero 2050 scenario to the IEA NZE

What technology is winning the global energy storage race?

• 26 November 2019

What is winning the global energy storage race? Lithium-ion is the clear winner, but it has one major drawback. Rory McCarthy, senior analyst, energy storage, looks at lithium-ion's role in the energy transition.

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.

US policy cranks up the risks to oil supply – and price

• 14 May 2019

Dwindling spare OPEC capacity leaves market vulnerable to disruption. Learn more.

JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020

• 21 November 2019

Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the price of sour crudes such as those composing the JCC mix. The IMO 2020 kicks in on 1st January 2020.

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.

Government tenders to drive 102 GW of global renewable capacity in 2024

• 07 March 2024

More than 100 gigawatts (GW) of global renewable energy capacity is expected to be tendered in 2024. With more than 60 GW to be offshore wind, the overall volume is set to grow as the year progresses and will match 2023 levels.

What to look for in Asia Pacific renewable energy in 2025

• 21 January 2025

Record offshore wind tenders, surge in storage demand, a floating solar expansion, solar tariffs and more.

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.

Indonesia elections and impact on energy and mining and metals sectors

• 16 April 2019

Indonesia heads to the polls on 17 April 2019. Wood Mackenzie and sister company Verisk Maplecroft discuss what this means for the energy, and mining and metals sectors.

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.

Will Asia-Pacific's O&G sector join the global recovery in 2019?

• 14 January 2019

Will rising demand, new exploration activity and a refresh of government policy bring renewed confidence in Asia-Pacific's upstream industry in 2019? Wood Mackenzie's research director Andrew Harwood shares his thoughts.

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.

Can chemical recycling close the plastic loop?

• 14 June 2022

Only certain types of plastic can be handled by existing mechanical processes. Could emerging technology such as feedstock recycling, chemical depolymerisation and solvent purification offer a solution?

Identifying key risks and uncertainties in 2020

• 17 December 2019

Energy markets are in the midst of profound change – we're getting used to that. But what big, identifiable key risks might lurk in the shadows in the next 12 months that could make us change our view for 2020 and beyond? Here are five.

Record highs for global wind turbine order intake in 2023

• 18 March 2024

Global wind turbine order intake hit new highs in 2023 with 155 gigawatts (GW) procured for the year, an increase of 16 GW from 2022.

BP seals asset swap with ConocoPhillips

• 04 July 2018

BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips

A wild ride ahead for petchems?

• 04 March 2017

Steve Zinger discusses the five market changes which are set to make waves in the global petchems markets.

Power of Siberia begins gas supply to China (and why it’s ok for LNG)

• 16 December 2019

On December 2 Russian gas officially flowed into China with the start-up of the Power of Siberia (PoS) pipeline. The project, which will ultimately see 38 bcm a year delivered under a US$400 billion, 30-year contract, will elevate China to become Gazprom’s second largest export market and support Beijing’s goals of energy import diversification and security.

Can conventional oil projects compete with L48 oil?

• 14 March 2018

US tight oil has arrived with a bang, disrupting the oil market. But can conventional oil projects compete? Our latest report looks at where tight oil and other pre-FID conventional projects sit on the global cost curve.

OPEC‘s challenge in 2020: balancing an oversupplied oil market

• 03 December 2019

Will oil demand growth recover in 2020? Is global supply still growing apace? How is US tight oil investment and production being affected by negative investor sentiment? Have the production cuts of 2019 balanced the market? Do they need to be extended or adjusted? Will fundamentals or geopolitics determine oil prices? We answer some of the big questions on OPEC’s agenda ahead of its December meeting in Vienna.

Is the world sleepwalking into an oil supply crunch?

• 16 July 2021

Where new oil supply to 2030 will come from and what it costs