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News Release
Chesapeake Energy – shale’s great disruptor – files for Chapter 11
- 28 June 2020
Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection on 28 June, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: “It’s difficult to point to another company that has made more of a widespread impact on the US shale sector than Chesapeake.
News Release
Mexico, Central America and Caribbean power up with record wind capacity
- 18 June 2020
Mexico, Central America and the Caribbean saw a record 1,830 megawatts (MW) of new wind power capacity installed across the region in 2019 – a 126% year-on-year increase in additions, according to new research from Wood Mackenzie.
News Release
Gold industry must invest $37bn by 2025 to maintain 2019 production levels
- 17 June 2020
Prior to the coronavirus outbreak, peak gold supply was becoming a real possibility. Now, with exploration programmes paused or cancelled and project disruptions hampering production, the summit is in sight.
News Release
US solar market sets Q1 record but pandemic mutes Q2 outlook
- 11 June 2020
The U.S. solar market installed 3.6 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q1 2020, representing its largest first quarter ever and 40% of all new electric generating capacity additions in the United States.
News Release
Coronavirus and the collapse in polyester – will paraxylene and PTA markets recover?
- 01 June 2020
Global polyester production is expected to decline by more than half a million tonnes this year. For polyester’s key raw materials, paraxylene (PX) and PTA, the knock-on effects will hit global demand in the coming years.
News Release
China’s Q2 2020 oil demand shows signs of recovery
- 26 May 2020
According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.
News Release
NOCs to slash over a quarter of exploration budgets on average in 2020
- 20 May 2020
National oil companies (NOCs) globally are estimated to cut exploration budgets by over a quarter on average in 2020, says Wood Mackenzie.
News Release
Bangladesh to double its fossil fuel imports in a decade
- 14 May 2020
Bangladesh is expected to double its fossil fuel imports to 32 million tonnes of oil equivalent (Mtoe) between 2020 and 2030, says Wood Mackenzie.
Comment
Shell dividend cut frees up US$10bn
- 30 April 2020
Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.
News Release
Asia olefins face historical production losses due to regional lockdowns
- 29 April 2020
A new report from Wood Mackenzie shows that olefins production losses in Asia have reached historical highs as a result of regional lockdowns in the wake of the coronavirus outbreak.
Comment
Petrobras acts to protect gas value chain as Brazil demand slumps
- 24 April 2020
Petrobras’ handling of the crisis it faced as Brazilian gas demand slumped earlier this month offers valuable lessons to integrated players, Mauro Chavez, head of Latin America Gas & LNG at global natural resources consultancy Wood Mackenzie, says.
Comment
Arrow Energy sanctions Surat Gas Project
- 17 April 2020
Arrow Energy sanctions Surat Gas Project
News Release
Covid-19 lockdown hits global solar PV market
- 09 April 2020
The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.
News Release
Global electric vehicle sales to drop 43% in 2020
- 08 April 2020
Global electric vehicle (EV) sales closed at 2.2 million in 2019. This number is expected to drop 43% to 1.3 million by the end of 2020, according to new research from Wood Mackenzie.
News Release
$600bn to be spent on wind turbines globally by 2028
- 07 April 2020
According to new analysis from Wood Mackenzie, annual average wind turbine supply is forecast to hit $60 billion between 2020 and 2028 - reflecting an increase of 8% compared to 2019.
Comment
Equinor carves Gulf of Mexico niche with Monument discovery
- 06 April 2020
Norwegian operator Equinor today announced it struck 200 feet of oil pay at the Monument exploration well, in the US Gulf of Mexico.
News Release
India’s renewables installation could fall by a fifth due to lockdown
- 06 April 2020
In a new report, Wood Mackenzie projects that India could face over 21.6% or 3 gigawatts (GW) of solar photovoltaic (PV) and wind installations being delayed as a result of the country’s lockdown.
News Release
Coronavirus could derail energy storage growth in 2020
- 01 April 2020
If coronavirus containment measures continue to curtail movement of goods and people through Q2 this year, alongside an economic downturn, the market impact could trim Wood Mackenzie’s 2020 global energy storage deployments forecast by 19%.
News Release
Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply
- 01 April 2020
In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.
News Release
Coronavirus impact trims US behind-the-meter storage forecast by 31%
- 27 March 2020
Wood Mackenzie has trimmed its forecast for US behind-the-meter (BTM) energy storage in 2020 by 31% as a result of the coronavirus crisis.
News Release
China’s crude reserves to reach 1.15 billion barrels in 2020
- 23 March 2020
Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.
News Release
Flexible power grid crucial to meeting energy transition goals in 2020s
- 18 March 2020
Over the next decade, traditional fuel-based generation will shrink as a proportion of the power mix. This will increase the flexibility needs of utility and power markets, according to Wood Mackenzie.
Comment
UK Budget - £500 million to support rapid electric vehicle charging hubs
- 11 March 2020
Wood Mackenzie expects 1.5% of all passenger vehicles in the United Kingdom to have a plug by the end of 2020, ramping up to 43% by 2040.
News Release
Off-grid energy key to power growth in emerging markets
- 11 March 2020
Approximately $2.1 billion in cumulative disclosed corporate-level investment was deployed into off-grid energy access markets between 2010 and 2019.
News Release
Record amount of wind turbine capacity ordered globally in 2019
- 05 March 2020
2019 saw nearly 100GW of global wind turbine order capacity, shattering the previous record set in 2018, according to new analysis from Wood Mackenzie.
News Release
2020s to be decade of emerging solar PV markets
- 25 February 2020
The next decade is set to deliver more of the same for solar PV, according to Wood Mackenzie.
News Release
Flexible packaging demand in Asia hit by sluggish regional economy
- 25 February 2020
Overall flexible packaging demand in Asia grew by 4.8% in 2019, down from 5.6% in 2018. This was mainly due to slower growth rates in major national markets, according to Wood Mackenzie.
News Release
Energy storage to accelerate global energy transition in 2020s
- 24 February 2020
The starting gun has sounded for the global storage market, which is set to grow from approximately 4GW of annual deployments in 2019 to more than 15GW in 2024, according to Wood Mackenzie.
News Release
Solar power to become cheaper and more efficient in 2020s
- 04 February 2020
Solar system prices will continue to drop over the next decade, driven by advances in module efficiency, manufacturing, labour practices and software, according to Wood Mackenzie.
News Release
Could 2020 market trends bring new lustre to gloomy lead market?
- 04 February 2020
2020 will see lead transition into a market surplus after several years of significant deficit, according to Wood Mackenzie.

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