• News Release

  US energy storage market continues to expand rapidly

  • 15 3月 2023

  Across all segments of the industry, the U.S. energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 2020 and 2021 installed capacity of 5 GW, becoming a record year for battery storage. This is according to ACP and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today.

• Opinion

  Horizons Live: Scraping the barrel

  • 07 3月 2023

  On this Horizons Live replay, Simon Flowers, Chairman and Chief Analyst, is joined by Andrew Latham, Vice President, Energy Research and Ann-Louise Hittle, Head of Macro Oils to discuss whether the world is running out of high-quality oil and gas.

• News Release

  China drives global wind turbine orders to new record in 2022

  • 08 3月 2023

  Global wind turbine order intake hit new highs in 2022, with 44 gigawatts (GW) procured in Q4 and 134.6 GW for the year, both records. Dominated by activity in China, annual investment reached an estimated $74.2 billion, according to new analysis from Wood Mackenzie.

• News Release

  California dwarfs all other VPP markets in North America

  • 29 3月 2023

  California dwarfs all virtual power plant (VPP) markets in North America, housing 24% of projects in the region, according to Wood Mackenzie’s ‘North America VPP market: H1 2023’ report.

• News Release

  Global wind energy to top 1 TW threshold by the end of 2023

  • 11 4月 2023

  The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.

• News Release

  Global policy support for nuclear expands to address challenges of reliable, low-carbon energy supplies

  • 22 3月 2023

  As nations look for more low-carbon energy supplies, many are adjusting energy policies to support new nuclear projects and developing new technologies that will make this energy source more cost-competitive, according to a new report from Wood Mackenzie.

• News Release

  Wood Mackenzie appoints new Chief Financial Officer

  • 27 3月 2023

  Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

• Horizons

  Fuelling change: how oil and mining companies can finance the energy transition

  • 20 4月 2023

  How oil and mining companies can finance the energy transition

• News Release

  US$36.4B of grid modernization planned by investor-owned utilities

  • 18 4月 2023

  In efforts to modernize distribution grids, 25 investor-owned utilities (IOU) have filed for $36.4 billion of investment.

• News Release

  Oil and mining companies must adapt new strategies to deliver low-carbon transition

  • 20 4月 2023

  As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

• News Release

  Sakarya Phase One kick-starts Turkey’s upstream sector transformation, making nation less reliant on gas imports

  • 20 4月 2023

  Addressing Turkish Petroleum Corporation’s (TPAO) launch of Sakarya Phase One, Ashley Sherman, Research Director, Caspian & Europe Upstream Oil and Gas for Wood Mackenzie said “Sakarya Phase One redefines the scale of Turkey’s upstream sector, bringing its first deepwater output and a fundamental shift in domestic energy security. To date, Turkey has relied almost entirely on gas imports to meet its demand. Sakarya Phase One will put a sizeable dent into the country’s energy import bill, which reached an eye-watering US$97 billion in 2022. But Phase Two would be the real gamechanger, enabling Sakarya to cover almost 30% of Turkey’s gas consumption by 2030.”

• Opinion

  Horizons Live: Fuelling change

  • 12 5月 2023

  Our experts discuss and explore the catalysts that could shift the risk reward balance in favour of low carbon growth.

• Horizons

  The nuclear option: making new nuclear power viable in the energy transition

  • 18 5月 2023

  The future will run on electricity, yet the world is struggling to decarbonise its power supply and meet demand. The 2022 energy crisis has put energy security and reliability front of mind for governments and underscored the need to press ahead with the development of alternative energy sources.

• News Release

  Kan discovery in Mexico’s shallow water one of the largest since 2020

  • 02 5月 2023

  Addressing Wintershall Dea’s Kan-1 discovery, Adrian Lara, Principal Research Analyst Latin America Upstream Oil and Gas, said “With Wintershall Dea’s first operated exploration well drilled in Mexico, the announced expected resource of 200 to 300 million barrels of equivalent of oil and gas in place outperforms the original prospective resource estimated at 196 mmboe. The discovery is one of the largest in Mexico’s shallow-water since Zama, made by Talos in 2017 and Saasken made by Eni in 2020.”

• News Release

  Middle East gas production to jump by almost 20% by 2030

  • 04 5月 2023

  The Middle East is set to spend as much as US$120 billion to increase gas production by 14 billion standard cubic feet a day (bcfd) to 86 bcfd by 2030, according to a new report by Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.

• News Release

  EV charger installations in the US are poised to grow fourfold by 2027

  • 28 6月 2023

  Wood Mackenzie estimates the number of charging ports in the US to reach close to 18 million by 2027, with most chargers in the residential category. However, the residential market share will slightly decline in that period as the public and commercial EV charging segments grow.

• News Release

  TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey

  • 27 6月 2023

  French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey.

• Opinion

  Horizons Live: Stick or twist

  • 27 6月 2023

  Watch the Horizons Live replay as our panelists Gavin Thompson, Giles Farrer, Murray Douglas, and Mariana Santos Moreira delve into this topic.

• News Release

  Should gas resource holders target LNG exports or blue ammonia?

  • 15 6月 2023

  The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.

• News Release

  US grid-scale energy storage installations record second-straight quarterly decrease

  • 14 6月 2023

  Across all segments of the industry, the U.S. energy storage market added 2,145 megawatt hours (MWh) in the first quarter of 2023, a 26% decrease from Q4 2022. The grid-scale segment installed 1,553 MWh in Q1 2023, recording the second-straight quarterly decline and falling 33% below first quarter 2022 installations, according to a new report released today.

• News Release

  Floating rig utilization rebounds to pre-COVID levels

  • 12 6月 2023

  Rig utilization has returned to pre-COVID levels, driving rates up 40 percent in the past year as demand is forecast to increase another 20 percent from 2024-2025, according to a recent report from Wood Mackenzie.

• News Release

  Implications of OPEC+ meeting for H2 2023

  • 07 6月 2023

  The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.

• News Release

  China’s solar exports booming, up 64% in 2022 despite global trade tensions

  • 23 5月 2023

  China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.

• News Release

  Australia’s emissions-intensive mines face unforeseen future under new Safeguard Mechanism Scheme Reforms

  • 07 7月 2023

  The adoption of the single "industry average" as presented in the revised Safeguard Mechanism Scheme, will see some clear winners and losers in the Australian mining sector.

• News Release

  Norway’s 800km Barents Sea gas pipeline back on agenda

  • 11 7月 2023

  A proposed US $5 billion export route linking gas fields in the Barents Sea in Northern Norway to European markets could help alleviate the continent’s dependence on liquified natural gas (LNG) imports according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  Canadian LNG has potential to meet growing Asian demand

  • 10 7月 2023

  Speaking at the LNG2023 conference in Vancouver, Dulles Wang, Director, Americas Gas & LNG at Wood Mackenzie said that with the alignment of several market dynamics, Canada could be positioned to play a much bigger role in global LNG exports.

• News Release

  South American onshore wind power to expand 122% through 2032

  • 12 7月 2023

  Free market expansion will be one of the main drivers of onshore wind growth in the next 10 years in South America. The total wind market is set to add 41.2 gigawatts (GW) of onshore projects through 2032, based on a new analysis from Wood Mackenzie.

• News Release

  North American renewable natural gas market could expand tenfold by 2050 to reach 4 bcfd

  • 17 7月 2023

  Driven by new government incentives for the transportation sector, renewable natural gas (RNG), or biomethane, saw tremendous growth in 2022, with 60 million cubic feet per day (mmcfd) of new production capacity added, according to a new report from Wood Mackenzie.

• News Release

  US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

  • 20 7月 2023

  Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

• Horizons

  Cross currents: charting a sustainable course for offshore wind

  • 17 8月 2023

  The offshore wind industry is set to scale from around 3 GW of additions outside of China each year to 30 GW by the end of the decade.