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India to overtake China as world's largest oil demand growth centre by 2024

03 September 2018

India's oil demand is expected to grow by 3.5 million barrels per day (b/d) from 2017 to 2035, accounting for one-third of global oil demand growth. India's demand is driven by rising income levels, an expanding middle class and a growing need for mobility.

Comment

Santos acquires Quadrant Energy

23 August 2018

Australian operator Santos has acquired Quadrant Energy for an upfront consideration of US$2.1 billion plus contingency payments linked to resource certification and FID on the recent Dorado discovery. The price paid is a slight premium to our valuation of Quadrant Energy's production portfolio, but the Dorado discovery offers material value upside on the deal.

News Release

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

21 August 2018

Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.

News Release

Inaugural Wood Mackenzie Prize awarded to Houston-based EY employee

10 August 2018

This ADIT June exam session saw the inaugural award of the Wood Mackenzie Prize, which recognises the highest scoring pass in this year’s Upstream Oil and Gas exam, awarded to Gareth Charles Lewis, of Houston, Texas, USA, who is employed at EY.

Comment

Fresh wave of tariffs to hit US plastic pipes, hoses and tubes imports

09 August 2018

Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:

Comment

More oil discovered in Carnavon Petroleum's Dorado-1 well

08 August 2018

A sizeable discovery is significant for Quadrant, whose private equity backers are looking to exit, and Carnarvon, which is a pure-play explorer. A standalone oil discovery is easier to monetise than gas, as it does not require LNG contracts or gas infrastructure.

Comment

Market implications of Chinese tariffs on US LNG

03 August 2018

Today China announced retaliatory tariffs on $60 billion worth of American imports, in response to the Trump administration's latest trade threats. The list included a 25% tariff on LNG.

Comment

BP buys BHP's L48 assets in 'transformative' $10.5bn deal

27 July 2018

BP has bought BHP Billiton's US Lower 48 assets in a $10.5 billion deal. Wood Mackenzie believes the deal will be transformative for BP.

Comment

US LNG deal 'could be significant for relationship with Europe'

27 July 2018

What does the EU's agreement to buy US LNG - announced after a meeting between European Commission president Jean-Claude Juncker and US President Donald Trump - mean for producers and consumers?

News Release

Poland tops growth league in Europe’s €14.1 billion flexible packaging market

18 July 2018

According to PCI Wood Mackenzie's latest review of the European marketplace, 'Flexible Packaging European Supply Demand Report', Poland continued to be the fastest growing major flexible packaging market in Europe in 2017, increasing by over 5% during the year.

Comment

ICE announces futures contract based on Permian crude to Houston

17 July 2018

The Intercontinental Exchange Inc., an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate crude oil futures contract with physical delivery in Houston. The exchange, which is slated to launch Q3 2018 subject to regulatory review, will provide traders with direct access to Houston prices.

News Release

OPEC producers key to world supply through to 2040

16 July 2018

Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.

Comment

Energy storage market poised for a boom Down Under

06 July 2018

Looking at behind-the-meter, Australia was the biggest residential storage market in the world in 2017, with a tripling of residential storage deployments over the previous year. High retail electricity rates and diminishing or expiring feed-in tariffs have encouraged residential solar customers to choose storage for self-consumption benefits. As a result, over the past few years, Australia has been the preferred testbed for new residential energy storage products, as several technology vendors have first introduced their residential product portfolios in the country.

Comment

Chevron set to divest central UK North Sea assets

04 July 2018

Chevron has announced it is planning to sell its central UK North Sea assets, including Captain, Elgin/Franklin, Erksine and Jade, to focus on the West of Shetland province.

Comment

INEOS €2.7 billion chemicals investment good news for European olefins industry

03 July 2018

Commenting on the announcement that INEOS has approved a €2.7 billion capital project to build both a world scale ethane cracker and a PDH (Propane Dehydrogenation) unit in Northern Europe, Patrick Kirby, PCI Wood Mackenzie Principal Analyst, said:

News Release

Rise in new players in Southeast Asia's upstream sector

28 June 2018

Since the fall in oil prices in 2014, oil majors and international oil companies (IOCs) have accelerated a shift towards resource themes and regions offering higher returns, lower complexity and shorter timeframes, away from the more challenging regions such as Southeast Asia. To date, close to 800 million barrels of oil equivalent (boe) of the region's resources have left the hands of majors and IOCs.

News Release

New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

20 June 2018

Brazil's new local content regulations could fast-track the deployment of FPSO units, speeding up the pace of pre-salt oil production by more than 21 billion barrels by the mid-2020s, a new report by Wood Mackenzie analysing the impact of new local content rules on production, royalty collection and job creation has found.

News Release

China's LNG trucking capacity to double in medium term

18 June 2018

Wood Mackenzie estimates LNG trucking capacity in China to double to 38 million tonnes (mt) by 2025. China is the world's largest LNG trucking market. In 2017, 19 mt of LNG was transported via tanker truck from domestic liquefaction plants and LNG import terminals to downstream markets. This volume accounts for 12% of total gas consumption.

Comment

Tokyo Gas and Centrica deal indicates optimism returning to global LNG markets

15 June 2018

Commenting on the announcement that Centrica and Tokyo Gas have signed a heads of agreement for LNG procurement, Giles Farrer, Wood Mackenzie Research Director, said:

Comment

Indorama and Dhunseri Petrochem to restart 540 kt EIPET PET asset in Egypt

15 June 2018

Commenting on the announcement that Indorama have joined forces with India’s Dhunseri Petrochem to buy and operate the Egyptian Indian Polyester Company PET asset (EIPET) in Egypt, Phil Marshall, PCI Wood Mackenzie Head of PET, said:

News Release

Majors dig deep as Brazil's PSC Round 4 sets record

07 June 2018

On 7 June 2018, Brazil held its fourth pre-salt auction, just eight months after the highly competitive second and third pre-salt rounds. US$818 million was collected in signature bonuses, the outcome was yet another big success for Brazil. With the successful conclusion of five licensing rounds in the span of less than a year, and a fifth PSC Round set for September 2018, interest in Brazil's upstream sector continues to be very strong.

News Release

LNG markets move from oversupply as rebalancing gets under way

07 June 2018

Wood Mackenzie's short-term global gas and LNG outlook (Q2 2018) sees the market rebalancing as it moves from oversupply, although the global natural resources consultancy believes prices will remain relatively sustained into 2019.

News Release

UK taxation in isolation will not increase plastics collection rates

21 May 2018

In response to HM Treasury's call for evidence on using the tax system to address single-use plastic waste, Wood Mackenzie Chemicals said there needs to be a bigger focus on behaviour change if current UK plastics collection and recycling rates are to reach the levels seen in a number of European countries.

News Release

Wood Mackenzie joins Stonewall’s Diversity Champions programme

21 May 2018

Being a Stonewall Diversity Champion is a key part of Wood Mackenzie’s Diversity and Inclusion initiative, ensuring that all employees feel engaged, protected and empowered to perform well at work.

Comment

Concho Resources buys RSP Permian in Largest Permian Deal Ever

28 March 2018

Andy McConn, research analyst at Wood Mackenzie, shares his thoughts following Concho Resources announced acquisition of RSP Permian Inc. in an $8 billion all-share deal, the largest purely Permian deal ever.

Comment

UK plastic bottle deposit scheme vital to changing consumer behaviour

28 March 2018

Commenting on the UK Government's plans to introduce a plastic bottle deposit scheme, Helen McGeough, PCI Wood Mackenzie, Senior Consultant, commented:

Comment

Section 232 exemptions: Australia stands to gain significantly

13 March 2018

Commenting on the likelihood that Australia will be exempt from Section 232 steel tariffs, Alex Griffiths, Wood Mackenzie Senior Research Analyst, said:

Comment

Without UK steel tariff exemption, US users will struggle to source high value-added steels

09 March 2018

In response to Trade Secretary Liam Fox's announcement that the UK will seek an exemption from President Donald Trump's tariffs on steel imports to the US, Alex Griffiths, Wood Mackenzie Senior Research Analyst, said:

News Release

What will a fresh output cap at Groningen mean for the gas market?

01 February 2018

A new cap on production from the Netherlands' giant Groningen gas field may have an impact on the security of Europe's gas supply, hurt Dutch treasury receipts and prompt a reassessment of the field's remaining value.

Comment

Mexico’s Deepwater Round 2.4 Receives Significant Bids

31 January 2018

Mexico’s second deepwater licensing round closed today on a high note with 19 of 29 offered blocks awarded, raising more than US$500 million in cash payments. Shell dominated the auction, snapping up nearly half of all blocks awarded. In the Perdido Area, the company won five of six awarded blocks.

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Search results: 5165

India to overtake China as world's largest oil demand growth centre by 2024

Santos acquires Quadrant Energy

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

Inaugural Wood Mackenzie Prize awarded to Houston-based EY employee

Fresh wave of tariffs to hit US plastic pipes, hoses and tubes imports

More oil discovered in Carnavon Petroleum's Dorado-1 well

Market implications of Chinese tariffs on US LNG

BP buys BHP's L48 assets in 'transformative' $10.5bn deal

US LNG deal 'could be significant for relationship with Europe'

Poland tops growth league in Europe’s €14.1 billion flexible packaging market

ICE announces futures contract based on Permian crude to Houston

OPEC producers key to world supply through to 2040

Energy storage market poised for a boom Down Under

Chevron set to divest central UK North Sea assets

INEOS €2.7 billion chemicals investment good news for European olefins industry

Rise in new players in Southeast Asia's upstream sector

New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

China's LNG trucking capacity to double in medium term

Tokyo Gas and Centrica deal indicates optimism returning to global LNG markets

Indorama and Dhunseri Petrochem to restart 540 kt EIPET PET asset in Egypt

Majors dig deep as Brazil's PSC Round 4 sets record

LNG markets move from oversupply as rebalancing gets under way

UK taxation in isolation will not increase plastics collection rates

Wood Mackenzie joins Stonewall’s Diversity Champions programme

Concho Resources buys RSP Permian in Largest Permian Deal Ever

UK plastic bottle deposit scheme vital to changing consumer behaviour

Section 232 exemptions: Australia stands to gain significantly

Without UK steel tariff exemption, US users will struggle to source high value-added steels

What will a fresh output cap at Groningen mean for the gas market?

Mexico’s Deepwater Round 2.4 Receives Significant Bids

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