POSCO’s takeover bid for Senex could be Australia’s largest upstream takeover since 2018

• 18 10月 2021

South Korean conglomerate POSCO has made a surprise move on Australian gas producer Senex Energy making its first foray into the country’s upstream industry.

The Petroleum Industry Act: a gamechanger for Nigeria’s upstream?

• 28 10月 2021

The PIA sets the fiscal terms for Nigeria's upstream sector through the energy transition years. After a tumultuous 18 months, legislators decided that more radical surgery was needed to save Nigeria from a bleak future of upstream decline. What they have delivered is both remarkable and necessary. Remarkable, because in no other jurisdiction has there been such a major transfer of value to current lease holders in onshore and shallow water. It's a different story in deepwater though, where most contractors are still to renegotiate their terms. Necessary, because Nigeria is awash with underinvested assets. Unless something is done quickly, greenhouse gas emissions and access to capital will become an even bigger risk than they are currently.

Gas & LNG

• 18 5月 2021

Market insights: gas & LNG From fundamentals to projects and pipelines – bookmark this page to get the latest news and views from our global gas & LNG experts. The Edge,Featured,Opinion,Editorial,News Release,Comment,Views Filter

ITC extension could power 44% boost in solar deployment

• 01 11月 2021

Proposed legislation to extend the investment credit tax (ITC) would have a profound impact on the US solar industry, Wood Mackenzie analysis shows, potentially increasing deployments by 44% over the next decade. But the extension, currently before Congress as part of a budget reconciliation package, will not be enough to achieve 80% carbon-free electricity generation by 2030.

Major energy exporters race to lead in global hydrogen trade

• 28 10月 2021

The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.

Tapping working gas volume could cushion blow of Europe’s energy crunch

• 04 11月 2021

European gas storage has been struggling to fill this summer. Storage at the beginning of November will be about 75% full, at 83 billion cubic metres (bcm), 14 bcm below the five-year average, rattling the market. A cold European winter could result in storage levels falling to zero by the end of March 2022, unless more Russian gas supply is available versus current export levels. But there could be an alternative available to the market should this come to pass – tapping the substantial amount of cushion gas available in Europe’s storage facilities. Global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), said using cushion gas could allow an extra 15 bcm enter the market, easing the supply crunch.

OPEC+ shrugs off US pressure to announce 400,000 b/d output boost

• 04 11月 2021

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “After unusual pressure from the US administration to lift its production, OPEC+ announced it is boosting output by 400,000 barrels per day (b/d) for December, in line with its 18 July 2021 agreement. This will be seen as disappointing by the US, which is asking for an extra increase closer to 600,000 b/d. But as long as OPEC+ actually boosts its output by 400,000 b/d, the US has indicated it will accept the outcome."

China’s copper industry cushioned from power crunch

• 12 11月 2021

Wood Mackenzie’s latest report shows that compared to other base metals, China’s copper market appears to be better cushioned from the country’s power crunch.

Wood Mackenzie weighs in on COP26 key takeaways

• 15 11月 2021

Following the conclusion of the COP26 on November 13, Wood Mackenzie experts weigh in on the key developments of the conference.

US energy storage market sets Q1 record for deployments

• 08 6月 2021

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 910 megawatt-hours (MWh) of new energy storage systems were brought online in Q1 2021. This is an increase of 252% over Q1 of last year, making it the biggest Q1 so far for the US storage market.

UK charts course for net zero North Sea

• 06 5月 2021

The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

• 20 5月 2021

The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

Webinar | How Industrial Operators Can Reduce Electricity Cost and Improve Sustainability with Energy Storage as a Service

• 16 6月 2021

This webinar explores how Commercial and Industrial operators can take advantage of the Energy Storage as a Service model.

Action to achieve Paris climate goals will upend oil and gas prices

• 15 4月 2021

If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

Webinar | The 2021 Future of Exploration survey

• 27 4月 2021

This year sees the exploration sector in recovery mode as it begins to reposition for an energy transition world. We put our questions on the future of exploration to exploration leaders and professionals around the world. The sector had fought hard to win its way back to profitability before the crisis struck. Its disciplined approach of recent years looks set to remain even as prices recover. Exploration is increasingly playing a role in moves to a lower carbon future and geoscientists are at the forefront of some new energy businesses. We've analysed the data to discover the key challenges the industry is facing, which explorers stand out from the pack and the role of exploration in today’s energy company

Australia's pathway to net-zero emissions by 2050

• 20 4月 2021

On 19 April, Australian PM Scott Morrison's commented on the country's road to net-zero emissions.

TotalEnergies named industry’s most-admired explorer

• 31 5月 2021

For the second consecutive year, French major TotalEnergies has been named the upstream industry’s most-admired explorer, an accolade awarded as part of with Wood Mackenzie’s industry-leading annual Exploration Survey.

US solar market passes 100 GW milestone

• 15 6月 2021

The US solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the US Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

Long-term LNG set to remain a buyers’ market

• 15 6月 2021

The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.

How effective were EU emergency power demand reduction measures?

• 06 4月 2023

The EU took unprecedented steps to reduce energy prices and alleviate security of supply pressures this winter. The results send significant messages about the future of Europe’s power markets.

Webinar | The big trends in upstream oil & gas

• 02 5月 2023

From upstream investment to oil production growth, we will be exploring the upcoming big trends set to shape the global upstream market.

China juggles four major economic changes in 2023

• 12 4月 2023

The new government in China faces challenges in domestic and external markets

Clearing the red tape around renewables | Podcast

• 10 3月 2023

On this week’s episode, Dr. Melissa Lott and Emily Grubert join Ed Crooks to explore critical topics in the energy industry. They discuss the steps needed to unlock investment in renewable energy projects, energy security concerns following recent geopolitical events, and the latest innovations in battery chemistry.

The indefinite Inflation Reduction Act: will tax credits for renewables be around for decades?

• 08 3月 2023

The IRA’s clean electricity tax credits will likely be extended well beyond 2032 – representing trillions of dollars for new renewables and storage projects.

Metals & Mining Emissions Benchmarking Tool

An independent assessment of the full cradle to gate emissions of mined commodities production.

Can Japan deliver its offshore wind potential?

• 08 3月 2023

Building out renewables is central to Japan's decarbonisation goals.

Permitting reform could help ease US grid bottlenecks

• 10 3月 2023

Proposals to expedite infrastructure projects are back on the agenda. They could help ease strains created by the rapid growth in renewables.

Green hydrogen: what the Inflation Reduction Act means for production economics and carbon intensity

• 14 3月 2023

Annual matching requirements for new IRA tax credits could kick-start economically competitive green hydrogen production.

Willow project shows President Biden’s support for oil production

• 17 3月 2023

Balancing climate goals with demands for cheap energy is not easy. The administration is under attack for favoring increased US oil supply

A tale of two cities: comparing the Houston and Corpus Christi crude hubs

• 22 3月 2023

After decades with Houston at the heart of the US Gulf Coast crude value chain, shifting legislation and trade flows have brought about change.