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Majors start shaping strategies to capture a piece of the renewables action

26 September 2017

Renewable energy sources are set to radically reshape global energy markets. For the Majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios.

News Release

Batteries & renewables to start displacing gas

26 July 2017

A joint research report conducted by Wood Mackenzie and GTM Research assessing generation economics concludes that declining renewables and energy storage costs will increasingly squeeze out gas-fired generation in South Australia as early as 2025.

News Release

UK car ban will have "massive impact on markets"

26 July 2017

We took a closer look at the impact of the UK government’s proposal to ban the sale of new petrol and diesel cars by 2040.

News Release

Return of Asian investment in US tight oil

08 May 2017

If Asia's largest upstream players want to grow production, Wood Mackenzie expects them to diversify into the US tight oil market.

News Release

Production from Argentina's Vaca Muerta to reach 113 kboed by 2018

04 May 2017

The seven most advanced developments are expected to see production increases of 43% in 2017.

News Release

Revival of deepwater industry: best projects closing gap

30 March 2017

The deepwater industry has emerged from the downturn leaner and more competitive with US tight oil

News Release

IMO 2020 regulation could cost shippers extra US$60 billion a year

28 February 2017

The 0.5 wt% sulphur cap for bunker fuels could have far-reaching repercussions

News Release

US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

18 January 2017

According to research by Wood Mackenzie, the APAC upstream sector holds considerable value as the majors divest mature and mid-life assets in the region.

News Release

New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

11 January 2017

Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.

News Release

China’s LNG imports to see unprecedented decline in 2022

19 July 2022

China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood Mackenzie.

News Release

Half of traditional super basins are future-fit and they have three things in common

21 July 2022

Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by Wood Mackenzie.

News Release

Europe to install 45 million heat pumps in the residential sector by 2030

04 August 2022

Europe is set to achieve 45 million cumulative heat pump installations in the residential sector by 2030, which will support the region’s net zero and energy security goals, according to Wood Mackenzie’s latest insight ‘Europe electrification of heat demand outlook to 2050’.

News Release

New US solar contract capacity sees record growth in Q2

28 September 2022

Boosted by recent legislation, the U.S. recorded 10 gigawatts (GW) of new utility-scale solar capacity contracts in Q2, up 201% from Q1 for the largest quarter-over-quarter growth on record according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

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

Industry leaders to speak at Wood Mackenzie’s Grid Edge Innovation Summit 2022

10 November 2022

Join executives from Shell Recharge Solutions, Exelon, BMW, and General Motors, as event looks at current trends, challenges and drivers shaping the grid edge

News Release

Solar PV to overtake onshore wind in Latin America from 2023

16 November 2022

Solar PV will become the most cost-competitive technology in Latin America from 2023, according to Wood Mackenzie’s latest research report, ‘Latin America levelized cost of electricity (LCOE)’ which examines the power technology and generation landscape across the region to 2050. Solar will also displace onshore wind, currently the most attractive renewable energy source in Brazil, by 2025.

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

Bolivian gas production to decline faster than expected, exports to Brazil and Argentina to cease by 2030

18 January 2023

Bolivian gas production will decline more rapidly than expected, falling from 1,400 million cubic feet per day (mmcfd) in 2022 to as low as 400 mmcfd by 2030, according to a report from Wood Mackenzie, a Verisk business.

News Release

New global oil and gas discoveries in 2022 drive exploration to highest value creation in over a decade

30 January 2023

The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to improve portfolios by adding lower-carbon, lower-cost advantaged hydrocarbons, the sector created at least $US33 billion of value and achieved full-cycle returns of 22%, at $US60/barrel Brent prices, according to a recent report from Wood Mackenzie, a Verisk business.

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

US microgrid market develops at rapid pace, with capacity reaching 10 GW in 2022

06 February 2023

The US microgrid market reached 10 gigawatts (GW) in the third quarter of 2022, with more than 7 GW in operation and the rest in planning or construction stages, according to latest analysis from Wood Mackenzie’s Grid Edge Service.

News Release

US could see $100B of new LNG projects in the next five years

22 February 2023

High prices and the demand for energy security will drive the US to be the leading exporter of LNG in 2023 and potentially pave the way for $100 billion in new developments to support long-term growth, according to a new report from Wood Mackenzie

News Release

Policy-driven supply constraints cause steep drop in solar installations in 2022

09 March 2023

According to the U.S. Solar Market Insight 2022 Year in Review released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, utility-scale installations fell by 31% year-over-year to 11.8 GW, the sector’s lowest total since before the COVID-19 pandemic.

News Release

Willow project in National Petroleum Reserve-Alaska economically viable with approval from US Interior Department

13 March 2023

The US Interior Department today approved the Willow project in the National Petroleum Reserve-Alaska (NPR-A). The decision is for a three-pad development instead of the originally sought five drill sites and is coupled with ConocoPhillips relinquishing 68,000 acres of existing leases. The new Record of Decision replaces one received in October 2020, which was later vacated following a court case. The three-pad approval will still render the project economically viable, say analysts at Wood Mackenzie.

News Release

Public EV charging market in North America on track for rapid growth

22 March 2023

As electric vehicle (EV) adoption continues to rise, the market for public charging networks in North America is forecast to grow rapidly by 2050, according to Wood Mackenzie’s latest ‘Commercial landscape of EV charging networks in North America’ report.

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

US Gulf of Mexico Lease Sale 259 shows optimism for the region

29 March 2023

The US Gulf of Mexico region-wide Lease Sale 259 held today attracted 353 bids from 32 companies, with high bids totalling US $264 million. The amount of activity surpassed the previous lease sale spend in 2021, demonstrating optimism for the region, according to Wood Mackenzie analysts.

News Release

Tesla Solar Roof deployments miss expectations

30 March 2023

Since the launch of the Tesla Solar Roof (“Solar Roof”) in 2016, Wood Mackenzie estimates that approximately 3,000 Solar Roofs have been installed nationwide, with a total capacity of nearly 30 megawatts direct current (MWdc), missing Tesla’s stated goal of 1,000 installations per week.

News Release

Emissions crackdown could fast-track Australian CCS projects

06 April 2023

A revision to the Safeguard Mechanism, legislation that requires Australia’s largest emitters to cut direct emissions (known as Scope 1 emissions,) could trigger a spike in carbon, capture and storage (CCS) projects in the region, says Wood Mackenzie.

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Search results: 927

Majors start shaping strategies to capture a piece of the renewables action

Batteries & renewables to start displacing gas

UK car ban will have "massive impact on markets"

Return of Asian investment in US tight oil

Production from Argentina's Vaca Muerta to reach 113 kboed by 2018

Revival of deepwater industry: best projects closing gap

IMO 2020 regulation could cost shippers extra US$60 billion a year

US$40 billion worth of opportunities in Asia-Pacific upstream M&A in 2017

New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

China’s LNG imports to see unprecedented decline in 2022

Half of traditional super basins are future-fit and they have three things in common

Europe to install 45 million heat pumps in the residential sector by 2030

New US solar contract capacity sees record growth in Q2

Verisk Announces the Sale of Wood Mackenzie to Veritas Capital

Industry leaders to speak at Wood Mackenzie’s Grid Edge Innovation Summit 2022

Solar PV to overtake onshore wind in Latin America from 2023

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

A better future for energy emerging from crisis

Bolivian gas production to decline faster than expected, exports to Brazil and Argentina to cease by 2030

New global oil and gas discoveries in 2022 drive exploration to highest value creation in over a decade

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

US microgrid market develops at rapid pace, with capacity reaching 10 GW in 2022

US could see $100B of new LNG projects in the next five years

Policy-driven supply constraints cause steep drop in solar installations in 2022

Willow project in National Petroleum Reserve-Alaska economically viable with approval from US Interior Department

Public EV charging market in North America on track for rapid growth

A supercharged China could turn up the heat on global commodities

US Gulf of Mexico Lease Sale 259 shows optimism for the region

Tesla Solar Roof deployments miss expectations

Emissions crackdown could fast-track Australian CCS projects

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