• News Release

  Chevron moves closer to Canadian divestment target with $6.5B asset sale to CNRL

  • 08 10月 2024

  Addressing Chevron’s announcement to sell Canadian assets to Canadian Natural Resources (CNRL) for US$6.5 billion Mark Oberstoetter, Upstream Research Director in Calgary, said “Chevron has shown commitment to its divestment target with two sale announcements in two weeks. Offloading Alaska assets to ConocoPhillips (COP) last week for US$300 million was a small step and made strategic sense given their lack of materiality in the Supermajor’s portfolio. Today’s announcement moves the company much closer to its US$10-15 billion divestment target.”

• News Release

  An additional £10 billion of North Sea value could be extracted from existing assets if the right fiscal and regulatory regime is established

  • 23 10月 2024

  Up to £10 billion of North Sea oil and gas pre-tax value could be unlocked from existing assets if the UK government was to implement a fiscal system that encourages investment – and restores trust with the industry – according to new analysis by Wood Mackenzie.

• News Release

  Increased protectionist measures in US solar market could expand domestic manufacturing, but increase overall costs

  • 22 10月 2024

  New trade tariffs and increased import restrictions in the US solar supply chain would expand domestic manufacturing, but create a more expensive market, potentially slowing down the growing sector, according to a recent report from Wood Mackenzie.

• News Release

  Global competitiveness of renewable LCOE continues to accelerate

  • 21 10月 2024

  In 2024, the global landscape for Levelised Cost of Electricity (LCOE) continues to reflect significant advances in renewable energy technologies, with wind and solar power leading the way, according to the latest LCOE reports from Wood Mackenzie.

• News Release

  Guyana and Suriname could provide 12 mmtpa of cost-competitive LNG in the 2030s

  • 04 11月 2024

  Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from Wood Mackenzie.

• News Release

  US Grid-Scale Energy Storage Installations Surge, Setting New Q2 Record

  • 01 10月 2024

  The U.S. energy storage market experienced significant growth in the second quarter, with the grid-scale segment leading the way at 2,773 MW and 9,982 MWh deployed.

• News Release

  H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

  • 16 9月 2024

  H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

• News Release

  Golden Pass LNG project delay to impact global gas markets with removal of new supply, according to Wood Mackenzie

  • 02 8月 2024

  The new six-month delay to the Golden Pass LNG Terminal LLC planned start-up in Texas will remove a fair amount of new supply from the market in a period of intense growth, shifting the surge from 2026 to 2027 and impacting both the global and North American gas markets, according to analysis from Wood Mackenzie.

• News Release

  ConocoPhillips acquisition of Marathon Oil creates third largest producer in the US Lower 48, says Wood Mackenzie

  • 30 5月 2024

  Addressing ConocoPhillips (COP) acquisition of Marathon Oil (MRO) in an all-stock transaction valued at US$22.5B, Alex Beeker, research director, corporate research for Wood Mackenzie said, “The addition of Marathon further solidifies ConocoPhillips in a league of its own, with few true peers. For ConocoPhillips, this is a diversified and balanced move across multiple geographies.”

• News Release

  US energy storage market sets Q1 capacity installation record

  • 18 6月 2024

  The U.S. energy storage market set a first-quarter record for capacity installed in Q1 2024, with 1,265 megawatts (MW) deployed across all segments. This marks the highest storage capacity ever installed in a first quarter in the U.S., representing an 84% increase from Q1 2023.

• News Release

  American solar panel manufacturing capacity increases 71% in Q1 2024 as industry reaches 200-gigawatt milestone

  • 06 6月 2024

  A record-setting 11 gigawatts of new solar module manufacturing capacity came online in the United States during Q1 2024, the largest quarter of solar manufacturing growth in American history.

• News Release

  China’s renewable exports grow by 35% between 2019-2023

  • 28 5月 2024

  Chinese renewable product exports grew 35% from 2019 to 2023, driven by competitive prices and production capacity domination.

• News Release

  Wood Mackenzie names new leader for Consulting

  • 28 5月 2024

  Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Matthijs (Thijs) van Koppen to its global executive leadership team as EVP, Head of Consulting.

• News Release

  US November election results could decelerate energy transition, with $1 trillion in energy investment on the line

  • 16 5月 2024

  The Infrastructure Investment and Jobs Act (IIJA) of 2021 and the Inflation Reduction Act (IRA) of 2022 catapulted the US to global leadership in decarbonisation. But a victory for former President Donald Trump in the November 2024 election, combined with long-standing issues around the US relationship with China and US government deficits, could significantly alter the path of US energy policy and usher in a delayed transition scenario, according to a new Horizons report from Wood Mackenzie.

• News Release

  World heading for a 3°C warming trajectory, as political headwinds slow the energy transition

  • 02 5月 2024

  A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.

• News Release

  Gas prices down 45% as 2024 market set to remain bearish

  • 19 1月 2024

  The market sentiment for gas and liquefied natural gas (LNG) will remain bearish into 2024 with European prices having fallen by 45% to US$10 per million British thermal units (mmbtu) in the past three months according to a report by Wood Mackenzie.

• News Release

  Key things to watch in electric vehicle (EV) & battery supply chain for 2024

  • 24 1月 2024

  Key things to watch in electric vehicle (EV) & battery supply chain for 2024

• News Release

  Offshore wind sector doubled down on tangible opportunities in 2023

  • 31 1月 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.

• News Release

  Power demand growth remains strong in Asia Pacific

  • 31 1月 2024

  India, China and Southeast Asia will continue to be the three most important growth engines of power demand across the planet, says Alex Whitworth, Vice President, Head of Asia Pacific Power Research at Wood Mackenzie. With the Asia Pacific region seeing its share of global power demand surpass the 50% mark in 2023.

• News Release

  Lithium market faces a transition as demand growth slows

  • 31 1月 2024

  Key things to watch in 2024 for lithium

• News Release

  Solar inflation reverses as renewable costs in Asia reach all-time low

  • 29 2月 2024

  Plummeting Utility PV solar costs beat coal power to emerge as the cheapest power source in the region

• News Release

  Europe gas prices set to fall amid high storage levels throughout 2024

  • 14 3月 2024

  Gas prices in Europe could fall as low as US$6.70 per million British thermal units (mmbtu) in the summer as the mild winter will see storage levels remain above 55% according to a new report by Wood Mackenzie.

• News Release

  Global refinery capacity totalling 3.6 million b/d at high-risk of closure

  • 29 3月 2024

  As much as 3.6 million barrels a day (mmbd) of global refinery capacity has been assessed as being under high-risk of closure, according to Wood Mackenzie’s latest refinery closure threat analysis.

• News Release

  EU carbon levy on primary aluminium will be ineffective and drive up prices

  • 25 4月 2024

  The implementation of a Carbon Border Adjustment Mechanism (CBAM) by the European Union (EU) on the primary aluminium market would impact European producers disproportionately and drive up prices for consumers according to a new report by Wood Mackenzie.

• News Release

  Waste-based biofuels could be the key to unlocking the energy transition

  • 18 8月 2022

  Waste-based biofuels could be a key driver of the energy transition transforming today’s limited supply of low carbon transportation fuels and creating a local, circular economy, according to a new report by Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

• News Release

  CCUS planned capacity nearing 1 billion tonnes per annum

  • 26 8月 2022

  US Inflation Reduction Act bill set to boost CCUS uptake but more is needed to meet net zero goals by 2050

• News Release

  The Australian energy crisis highlights the need for new gas supply

  • 29 8月 2022

  With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

• News Release

  Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

  • 01 9月 2022

  High natural gas prices will continue to drive down European demand to seven percent below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, in line with the five-year average, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

• News Release

  US grid-scale energy storage market beats Q2 record

  • 14 9月 2022

  The U.S. energy storage market set a new record in the second quarter of 2022, with grid-scale installations totalling 2,608 megawatt hours (MWh) – the highest installed capacity for any Q2 on record, according to a new report released today.

• News Release

  New US solar contract capacity sees record growth in Q2

  • 28 9月 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).