• News Release

  African upstream capex ‘may be slashed by 33%’

  • 31 3月 2020

  Faced with the double whammy of the oil price crash and the coronavirus pandemic, Africa’s upstream sector looks set to slash capital spending by around 33% in 2020. Similar cuts to operating costs are also targeted by producers to stay cash-flow neutral. Unlike the 2015-16 price crash, this time nothing is sacrosanct: some operators will even wield the axe on committed spend, as well as the discretionary expenditure.

• News Release

  Oil price crash dents timeline of Australia’s second wave of FIDs

  • 26 3月 2020

  Wood Mackenzie’s latest analysis reveals that Australia’s next wave of LNG projects are likely to be delayed.

• News Release

  Global wind power capacity to grow by 112% over next 10 years

  • 26 3月 2020

  Global wind power capacity additions are expected to sit at an annual average of 77GW from 2020 to 2029, according to Wood Mackenzie.

• News Release

  Oil price rout: which supply is most at risk of shut-in?

  • 27 3月 2020

  The coronavirus pandemic is reducing oil demand. The OPEC+ production restraint agreement fell apart on 6 March and Saudi Arabia is rapidly increasing supply. The result: Brent crude has plunged to less than US$30/bbl. This will have a significant impact on currently producing fields and future supply. How low can the price go before different sources of production become uneconomic? Where are production shut-ins most likely? Can governments influence the result?

• News Release

  Offshore CCS projects could breathe new life into Gulf of Mexico

  • 04 11月 2022

  As the US looks for innovative ways to reduce greenhouse gas emissions, offshore carbon capture storage (CCS) projects in the US Gulf of Mexico (GoM) could play an influential role in meeting future goals, according to analysis from Wood Mackenzie.

• News Release

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

  • 10 11月 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 11月 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 11月 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

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

  • 06 2月 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

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

  • 30 1月 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 1月 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

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

  • 18 1月 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

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

  • 22 2月 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

  High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

  • 16 2月 2023

  The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

• News Release

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

  • 22 3月 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

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

  • 13 3月 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

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

  • 09 3月 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

  Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

  • 11 4月 2023

  A team of six professionals from global energy consultancy Wood Mackenzie traveled to energy-impoverished areas of Puerto Rico last month to install solar panels and energy storage systems on homes and a women’s shelter as part of an ongoing charitable project with Let’s Share the Sun Foundation.

• News Release

  Emissions crackdown could fast-track Australian CCS projects

  • 06 4月 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.

• News Release

  Tesla Solar Roof deployments miss expectations

  • 30 3月 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

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

  • 29 3月 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

  A supercharged China could turn up the heat on global commodities

  • 23 3月 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

  Australian operators need to collaborate to create super basins

  • 16 5月 2023

  Australia’s oil and gas industry needs to urgently fast-track the creation of energy “super basins” to provide a pathway to greater sustainability and cut emissions, according to Anne Forbes, Upstream Research Analyst at Wood Mackenzie.

• News Release

  Latin America’s natural gas deficit to grow as new resource production remains a challenge

  • 03 5月 2023

  With several challenges facing new gas developments in Latin America, supply will be unable to keep up with demand, driving the need for expanded imports to the region over the next decade, according to a new report from Wood Mackenzie.

• News Release

  With $9B BM-C-33 FID in Brazil, Equinor to increase its deepwater production outside of Norway to 400,000 boe/d by end of the decade

  • 09 5月 2023

  Addressing Equinor’s announced final investment decision (FID) for Brazil’s $9 billion BM-C-33 project, Luiz Hayum, senior research analyst, Latin America and Sub-Saharan Africa Upstream Oil and Gas, said “The BM-C-33 is Equinor’s second FID in a long list of justified for development deepwater projects outside Norway. Once sanctioned, these projects will increase Equinor’s operated deepwater production outside Norway from near zero to 400,000 boe/d by the end of the decade.”

• News Release

  Industry leaders to speak at Wood Mackenzie’s Solar & Energy Storage Summit 2023

  • 09 5月 2023

  The solar and energy storage industries in North America continue to be catapulted forward by the Inflation Reduction Act (IRA) and the transition to a clean energy future.

• News Release

  U.S. and Japan will struggle to hit ambitious hydrogen targets

  • 27 6月 2023

  U.S. Hydrogen producers will struggle to hit the National Clean Hydrogen Strategy and Roadmap (the Strategy) that was released by the Department of Energy on June 5 according to according to analysts Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.

• News Release

  Woodside announces Trion field FID, Mexico’s first deepwater oilfield development

  • 22 6月 2023

  Addressing Woodside’s announced final investment decision (FID) of Trion field, Diego Alviso Becerril, Senior Research Analyst, Upstream Research LATAM, said “This will be Woodside’s first incursion into Mexican waters and Mexico’s first deepwater oil field development. With first oil scheduled for 2028, the development concept considers a US$7.2 billion investment to recover 479 million barrels of equivalent (mmboe).”

• News Release

  Rosebank and Cambo fields barometer for the future of the North Sea

  • 26 6月 2023

  The development of the Rosebank and Cambo oil fields in the North Sea would save 17 million tonnes of CO2 emissions over their projected lifetimes compared to the equivalent amount of imported oil and gas according to Malcolm Forbes-Cable, Vice President of Energy Consulting (Upstream, EMEA) at Wood Mackenzie.

• News Release

  Keir Starmer softens stance on UK oil and gas

  • 20 6月 2023

  The recent announcement by Keir Starmer, the leader of the UK’s Labour Party, that he will ban new oil and gas exploration licences if he gains power at the next election will be viewed as a largely symbolic gesture according to analysts Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.