• Opinion

  Renewables, market intervention and exploration – three themes weighing on Australia upstream players' minds

  • 13 6月 2019

  Having attended many APPEA events in the past, this was the first time renewable energy sources - hydrogen in particular - were put under the spotlight.

• Comment

  Adani gets environmental approval for Carmichael project

  • 13 6月 2019

  Adani gets environmental approval for Carmichael project

• News Release

  Mozambique LNG under starter’s orders

  • 18 6月 2019

  US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa). Feedgas comes from the Golfinho/Atum field, in Offshore Area 1.

• News Release

  U.S. solar market sees best Q1 in history

  • 18 6月 2019

  New findings from Wood Mackenzie Power & Renewables and SEIA's U.S. Solar Market Insight Report, Q2 2019

• Comment

  PES refinery fire halts gasoline production

  • 21 6月 2019

  A large fire at the Philadelphia Energy Solutions (PES) oil refinery in Philadelphia has halted gasoline production at the complex.

• News Release

  Malaysia offers significant gas opportunities

  • 24 6月 2019

  According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

• News Release

  Spandex entering the big time as sales to hit 1 million tonnes by 2020

  • 25 6月 2019

  As spandex closes in on sales of 1 million tonnes, industry structures will change to meet competition from China and the challenge of closed-loop recycling, according to recent Wood Mackenzie Chemicals research.

• News Release

  Decarbonising US power grid 'may cost US$4.5 trillion'

  • 27 6月 2019

  The transition to a 100% renewable US power grid will need investment of up to US$4.5 trillion over the next 10 to 20 years, new analysis from Wood Mackenzie found.

• Comment

  PES to close oil refinery after fire damage

  • 26 6月 2019

  Philadelphia Energy Solutions (PES) will close its oil refinery in the city, following a large fire last week that damaged the complex.

• News Release

  OPEC+ set for rollover but risk clouds supply outlook

  • 30 6月 2019

  As OPEC and OPEC+ meet in Vienna, the outlook for the market is mixed, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie said. “Geopolitical risk means the supply outlook is tightening, offsetting the moderate weakening in oil demand growth thus far this year,” she said.

• Webinar

  Webinar | The deepwater recovery: are we entering a new cycle?

  • 18 7月 2019

  Please join the Upstream Supply Chain team's upcoming webinar to hear the latest forecasts and trends driving the offshore oil and gas market.

• Comment

  Abadi LNG gets greenlight for revised Plan of Development

  • 15 7月 2019

  The Government of Indonesia has approved the revised Plan of Development for the Abadi LNG project. INPEX (operator, 65%) and Shell (35%) will develop Abadi via an offshore production facility and a 9.5 million tonnes per annum (mmpta) onshore LNG plant, at an estimated cost of US$20 billion.

• Comment

  New York awards Equinor, Sunrise Wind major offshore wind contracts

  • 19 7月 2019

  The US state of New York today awarded two major offshore wind contracts to Norwegian energy company Equinor, and Sunrise Wind, a joint venture between Denmark’s Ørsted and US utility Eversource.

• Webinar

  Webinar | Battery raw materials

  • 25 7月 2019

  The electrification of transport is redefining a number of metals markets. While we see demand for batteries grow at an unprecedented rate, are current falling prices and weak market sentiment setting the world up for a crunch down the road?

• News Release

  Japan to lose top LNG importer position to China by 2022

  • 23 7月 2019

  According to a new report by Wood Mackenzie, Japan could lose its pole position as the world’s top LNG importer to China as early as 2022.

• News Release

  Europe’s flexible packaging market will be worth over €16 billion by 2023

  • 23 7月 2019

  Europe's flexible packaging market is predicted to achieve a compound annual growth rate (CAGR) of 2% over the next five years to reach over €16 billion in 2023.

• News Release

  Faster decline rates prompt Permian players to eye spending boost

  • 22 7月 2019

  Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Produced water poses growing risk to Permian production growth

  • 24 7月 2019

  Rising produced water volumes and expanding costs pose a significant risk to production growth in the Permian basin, Ryan Duman, Senior Analyst, Lower 48, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• Comment

  BHP unveils five-year US$400m climate investment plan

  • 24 7月 2019

  BHP’s chief executive Andrew Mackenzie unveiled a five-year, US$400 million climate investment program om 23 July, with a commitment to reduce Scope 1, 2 and 3 emissions. The Australian miner will seek to scale up low-emissions technologies to decarbonise its operations, including investment in nature-based solutions and collective action to reduce Scope 3 (end-use) emissions.

• News Release

  Permian midstream bottlenecks may choke output

  • 24 7月 2019

  Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure and placing increasing slowdown pressure on other production streams like crude oil and natural gas liquids (NGLs), Dr Eugene Kim, Research Director, Americas Gas, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

• News Release

  Global solar PV installations to reach record high in 2019

  • 25 7月 2019

  Global solar PV installations will reach a new high of 114.5 GW in 2019, up 17.5% on 2018, according to new research from Wood Mackenzie.

• Comment

  SP Chemicals starts up China’s first gas-based ethylene plant

  • 20 8月 2019

  SP Olefins, a subsidiary of SP Chemicals, successfully started up its 650 ktpa steam cracker and was able to produce on-spec olefins.

• News Release

  Permian operators cash in ... by thinking inside the box

  • 21 8月 2019

  As the tight oil sector continues to mature, producers are looking for ways to optimise their operations, improving efficiency of both production and costs. It's a battle to win back investor confidence. New research from Wood Mackenzie underscores the fact tight-oil operators are no longer chasing growth at all costs. Development strategies have firmly shifted to focus on scale: drilling sections instead of wells, with compressed paybacks, at the lowest possible cost. Many are favouring a “cube” development strategy, viewing it as the most efficient way to capitalise on cost savings.

• News Release

  Resilience to drive US microgrid growth

  • 08 8月 2019

  The US microgrid industry may find opportunities for substantial future growth in geographical areas that are repeatedly affected by power outages, as customers seek out resilient solutions, new research from Wood Mackenzie found.

• Webinar

  Webinar | Regional vs. Northern Sands: is the Permian proppant debate over?(2)

  • 27 8月 2019

  Please join our premier US Lower 48 research team's webinar to hear our take on this long-standing industry debate on Regional vs. Northern Sands. Our latest analysis will put the Permian proppant debate to a standing still.

• News Release

  Verisk to Acquire Genscape

  • 26 8月 2019

  Acquisition will extend Verisk’s expertise in commodities intelligence as part of its Wood Mackenzie business

• News Release

  No-Deal Brexit won’t sound death knell for UK refiners

  • 23 8月 2019

  Despite speculation that a No-Deal Brexit would have a severe impact on the UK refining industry, Wood Mackenzie’s analysis indicates that while the sector’s dynamics would shift and margins will narrow, it would not be crippled.

• Comment

  Lift off as Sputnik partners hit oil

  • 20 8月 2019

  Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.

• Opinion

  M&A shake-up on the horizon for the Australian upstream sector

  • 29 8月 2019

  We’ve identified a potential US$32 billion worth of assets that could change hands in the next few years. Many of these deals are long in the planning and reflect wider trends in the Australian and global upstream sectors. We’ve bucketed our pick of the deals into three key themes.

• News Release

  China’s gas production to double to 325 bcm in 2040

  • 28 8月 2019

  Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.