• News Release

  US$ 27 billion investment required to mobilise global offshore wind supply chain

  • 17 8月 2023

  The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  FLNG sector thriving amid projects boom

  • 31 8月 2023

  The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  Global wind power cumulative installed capacity to hit 2.38TW in 2032

  • 20 9月 2023

  Increased activity in Western markets and Africa will drive a ten-year compound annual growth rate of 10.1% for grid-connected wind power, leading to 2.38 terawatts (TW) of cumulative installed capacity at the end of 2032, according to Wood Mackenzie.

• News Release

  Low demand could see 20% European gas price fall in summer 2024 compared to current projections

  • 20 9月 2023

  European gas prices are set to fall 20% by mid-2024, compared to the current forward price curve, despite the market recent tightening due to the extensions of gas field maintenance schedules in Norway and strikes at key Australian liquefied natural gas (LNG) fields according to a new report by Wood Mackenzie.

• News Release

  Europe’s Carbon Border Adjustment Mechanism to establish new rules of global trade

  • 21 9月 2023

  The Carbon Border Adjustment Mechanism (CBAM), a policy that will require producers of goods imported into the European Union (EU) to pay an emissions levy, should fast-track decarbonisation efforts, but also result in prices rising across several sectors sharply - according to the latest Wood Mackenzie Horizons report.

• News Release

  U.S. grid-scale energy storage installations set new record in Q2 2023

  • 25 9月 2023

  Across all segments of the industry, the U.S. energy storage market added 5,597 megawatt hours (MWh) in the second quarter of 2023, a new quarterly record. The grid-scale segment led the way with a record-breaking 5,109 MWh in Q2, beating the previous record in Q4 2021 by 5%, according to a new report released today.

• News Release

  Top 15 Global PV O&M firms commanded 115GWdc of monitored solar capacity in 2022

  • 02 10月 2023

  The top 15 global PV O&M providers expanded their overall portfolio for a total volume of 115 gigawatts direct current (GWdc) in 2022, an annualized growth of 13%, according to Wood Mackenzie.

• News Release

  ADNOC’s gas self-sufficiency could cost over $40 billion

  • 10 10月 2023

  The Abu Dhabi National Oil Company (ADNOC) will need to invest more than $40 billion in order for the United Arab Emirates (UAE) to attain gas self-sufficiency due to the complex nature of the country’s gas resources according to a Wood Mackenzie report.

• News Release

  US Department of Energy to invest US$7 billion into seven regional hydrogen hubs

  • 17 10月 2023

  The announcement by the U.S. Department of Energy (DOE) to invest US$7 billion across seven Regional Clean Hydrogen Hubs (H2Hubs) signifies a significant step towards creating a low-carbon hydrogen economy, according to Wood Mackenzie.

• News Release

  Global energy storage integrator market grows increasingly competitive in 2022

  • 30 10月 2023

  The global Battery Energy Storage Systems integrator market has grown increasingly competitive in 2022, with the top five global system integrators accounting for 62% of overall BESS shipments.

• News Release

  China to hold over 80% of global solar manufacturing capacity from 2023-26

  • 07 11月 2023

  After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026.

• News Release

  Australia sees record volume of upstream M&A deals, despite regulatory turmoil

  • 16 11月 2023

  Australia sees record volume of upstream M&A deals, despite regulatory turmoil

• News Release

  Emissions-free supply expected to rise to 85% by 2030 in Europe

  • 29 11月 2023

  The European power market will see its carbon intensity plummet as the region pursues ambitious climate-energy policies but flexibility is key to enable this change, according to Peter Osbaldstone, Research Director, Europe Power & Renewables at Wood Mackenzie.

• News Release

  President Elect Milei set to shake up Argentina’s oil industry

  • 28 11月 2023

  Addressing the election of Javier Milei as President of Argentina, Adrian Lara, principal analyst, said “Elected President Javier Milei and his advisors are signalling the importance the oil and gas sector has in their plans for the overall Argentinian economy, however, their success in deregulating the sector and attracting more investment is still predicated on an effective and timely correction of the macroeconomic imbalances of the country.”

• News Release

  Southern cone gas and power market to invest US$46 billion in gas production and US$94 billion in new power supply through 2033

  • 30 11月 2023

  Driven by advances in batteries and lower costs, solar will outpace wind growth rates and become the leading technology for expansion over the next ten years in Argentina, Brazil, and Chile. The total solar market is set to add 48 gigawatts (GW) of utility and distributed projects, while wind will add 31 GW of onshore projects through 2033, with the total investment in new power supply leading to a cumulative capacity of 400 GW by 2033, based on a new analysis from Wood Mackenzie.

• News Release

  Oil & gas Majors share just 8% of global low-carbon hydrogen capacity

  • 06 12月 2023

  Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The Majors are focused on getting small-scale projects operational before 2030 to pave the way for industrial scale-up next decade.

• News Release

  Solar Poised for Record-Setting 2023 while Economic Challenges Mount

  • 07 12月 2023

  The U.S. solar industry added 6.5 gigawatts (GW) of new electric generating capacity in Q3 2023, a 35% year-over-year increase as federal clean energy policies begin to take hold.

• News Release

  Companies loosen purse strings to bid high for deepwater blocks in US Gulf of Mexico Lease Sale 261

  • 20 12月 2023

  The United States today concluded the 2017-2022 leasing plan with the US Gulf of Mexico region-wide lease sale 261. The sale attracted 352 bids from 26 participating companies, with high bids totaling US$382 million, an increase of 45% (US$118 million) compared to the last lease sale held in March.

• News Release

  Key things to watch in upstream in 2024

  • 11 1月 2024

  Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

• News Release

  Oil demand to continue to set records in 2024

  • 11 1月 2024

  Global oil demand is due to rise by almost 2 million barrels a day (b/d) in 2024, with China accounting for over 25% of that increase according to a report by Wood Mackenzie.

• News Release

  Chesapeake and Southwestern merger creates dominate player in the Haynesville

  • 12 1月 2024

  Addressing Chesapeake Energy and Southwestern Energy’s merger and formation of a new $24 billion natural gas company, Alex Beeker, research director, corporate research for Wood Mackenzie said, “The Haynesville has been in need of a clearer narrative to win investor support and with a new and dominant team planning the Haynesville and Bossier’s future, investors can look to a single E&P to better understand development cadence, inventory longevity, evolving cost of supply and step-out appraisal work.”

• News Release

  India has a chance to reach net zero by 2050, two decades ahead of its pledge

  • 19 1月 2024

  Wood Mackenzie’s Net Zero scenario presents a radical redesign of India’s energy sector, making it a US$13 trillion economy in 2050

• News Release

  Long-term pause in new US LNG investment could transform market

  • 31 1月 2024

  Addressing President Joe Biden’s Executive Order to temporarily pause the approval of new US LNG export projects right to export to countries that the US does not have a Free Trade Agreement (FTA) with (non-FTA), Giles Farrer, head of gas and LNG asset research at Wood Mackenzie said, “the decision will not affect our forecast for US LNG exports out to 2028, but after that it could affect the trajectory and pace of the sector’s growth and have potential to tighten the market in the long run.”

• News Release

  Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

  • 01 2月 2024

  Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in 2030, the shift to a 12 million b/d target from 13 million b/d should be absorbed in the market and not cause a tightening in the supply and demand balance this decade.”

• News Release

  Labour Party’s North Sea tax plans risk long-term pain for short-term gain

  • 29 2月 2024

  The UK Labour Party’s proposed plan to generate an additional £10.8 billion in revenue from the North Sea could have a major impact on cash flows of energy companies which in turn could stall new investment including energy transition projects according to a Wood Mackenzie report.

• News Release

  APAC markets driving global oil demand in 2024/25

  • 29 2月 2024

  Global oil demand growth will rise by 1.9 million barrels a day (b/d) in 2024 with key markets in the Asia Pacific (APAC) region being the main driver, accounting for over 63% of the total according to Alan Gelder, Vice President of Oils Research at Wood Mackenzie.

• News Release

  Extending Energy Profits Levy surprising choice for government

  • 07 3月 2024

  The Spring Budget statement from the UK Chancellor of the Exchequer, Jeremy Hunt, that announced that the EPL would continue until 31 March 2029 could result in a transfer of £4.1 billion (US$5.2 billion) from energy companies to government according to a report by Wood Mackenzie.

• News Release

  Decarbonisation efforts in the steel industry could hinder circularity of Zinc, warns new study

  • 21 3月 2024

  Decarbonisation efforts in the steel industry could hinder circularity of Zinc, warns new study

• News Release

  Global LNG market could split if an EU carbon tax is imposed on imports

  • 21 3月 2024

  The global liquefied natural gas (LNG) market could be transformed and potentially bifurcate if the European Union (EU) extends its carbon taxes to include LNG imports, according to the Wood Mackenzie’s latest Horizons report.

• News Release

  US solar market ready for rebound after tumultuous first half of 2022

  • 08 9月 2022

  Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown