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Incentives uncertainty clouds Pathways Alliance economic feasibility

14 February 2024

As the $12 billion phase one of Canada’s Pathways Alliance nears FID, the world’s largest carbon capture and storage (CCUS) proposal faces uncertainty surrounding the long-term availability of economic incentives, according to a new report from Wood Mackenzie.

News Release

Diamondback Energy and Endeavor Energy merger creates the largest pure play company in the Permian, according to Wood Mackenzie

14 February 2024

Addressing Diamondback Energy, Inc. and Endeavor Energy Resources L.P.’s US$26 billion merger transaction, Alex Beeker, research director, corporate research for Wood Mackenzie said, “This deal creates the largest Permian pure play company, and it will trail just ExxonMobil and Chevron in terms of total Permian production.”

News Release

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

29 February 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 February 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 March 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 March 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 March 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

BHP’s proposed offer for Anglo American would see it reclaim position as world’s leading mining company

25 April 2024

The $38.8 billion bid by Australia’s BHP Group, which comprises an all-share offer for the Anglo American, would create the world’s largest copper miner, but may not be high enough to satisfy shareholders of the UK company according to analysis by Wood Mackenzie.

News Release

Ethylene downcycle puts 24% of global capacity at some risk of closure

14 May 2024

A series of unprecedented challenges to the global ethylene industry means that as much as 24% of global capacity is now under some threat of permanent closure according to new research by Wood Mackenzie.

News Release

Higher LNG prices to limit Asian demand and turbocharge European gas storage levels

12 June 2024

– European gas storage is forecast to reach 100% by the end of September and remain full until the end of October, with an additional 4 million tonnes per annum (mmtpa) of floating storage also accumulated according to a new report by data and analytics company Wood Mackenzie.

News Release

E-fuels offer long-term solution to key energy transition transport sectors, but journey needs to start now

20 June 2024

The widespread development and use of synthetic fuels is still at least a decade away and depends on the successful deployment of other technologies, but companies that position themselves now are best positioned for success according to the latest Horizons report by data and analytics company Wood Mackenzie.

News Release

Singapore's low carbon power target of 4 GW achievable by 2035

19 June 2024

Singapore's low carbon power target of 4 GW achievable by 2035

News Release

REPORT: US solar panel manufacturing capacity grows nearly 4x under new federal incentives

10 September 2024

Solar module manufacturing capacity in the United States now exceeds 31 gigawatts (GW) — a nearly four-fold increase since the Inflation Reduction Act (IRA) became law in 2022.

News Release

Carbon removal projects need to ramp up massively to meet future needs

19 September 2024

Carbon removals, the removal and durable storage of carbon dioxide (CO2) that has already been emitted, are starting to emerge as a viable investment opportunity, but not at a pace that will enable the world to get to net zero according to the latest research by data and analytics company Wood Mackenzie.

News Release

Renewable Energy Certificate (REC) prices to drop 76% by 2050 due to surging renewable generation in Asia Pacific

03 October 2024

Renewable Energy Certificate (REC) prices to drop 76% by 2050 due to surging renewable generation in Asia Pacific

News Release

Study shows more U.S. LNG is needed to curb Asia’s surging coal use

03 December 2024

Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a new study by data and analytics company Wood Mackenzie has shown. The study, commissioned by the Asia Natural Gas and Energy Association ...

News Release

Record year for Chinese overseas power projects: 24 GW installed in Belt & Road countries

27 January 2025

Chinese companies have made a significant milestone in their overseas power development, installing a record 24 gigawatts (GW) of capacity in Belt & Road (B&R) countries in 2024, according to a new report from Wood Mackenzie. This record number marks a doubling of the capacity installed in 2023 a...

News Release

India needs US$4.3 billion government support to enable CCUS adoption

06 March 2025

India needs US$4.3 billion government support to enable CCUS adoption The country to account for close to 15% of Asia Pacific’s CCUS capacity by 2050

News Release

China's steel industry at critical crossroads of overcapacity and green transition

03 April 2025

The China steel sector is currently dealing with an overcapacity of more than 50 million tonnes (Mt), a figure that is projected to rise to 250 Mt over the next decade, according to a new report by Wood Mackenzie. Construction's share of steel demand will decline from its peak of 60% to 48% over the next decade. Housing's share of steel demand is expected to decrease from 40% in 2020 to 23% in the long-term. Energy transition sectors, including wind energy, solar energy, and electric vehicles, are projected to account for 10% of steel demand by 2030

News Release

Copper production to become a growth driver in 2025 as capital allocation strategies diverge in mining

02 April 2025

Greenfield copper projects start to offer the most attractive returns for capital investment Wood Mackenzie's latest analysis shows a significant shift in capital allocation strategies within the mining sector, as production growth has become a primary focus amid increasing competition for capital investment. According to Wood Mackenzie’s Metals and Mining Corporate analysis, three key factors are driving this shift: Increasing non-discretionary capital expenditure requirements Continued need for robust balance sheets to weather potential market volatility Growing focus on copper for both growth and diversification strategies

News Release

US wind market installations hit a decade low

08 April 2025

The U.S. wind market continued a downward trend in 2024, with 5.2 gigawatts (GW) of total installations, the lowest in 10 years, according to the U.S. Wind Energy Monitor report released by Wood Mackenzie. The report shows that 3.9 GW of onshore builds came online last year, along with 1.3 GW of onshore repowers and 101 megawatts (MW) of installed offshore capacity.

News Release

European renewable PPA market sees 19GW of new capacity contracted in 2024

15 April 2025

The European renewable energy Power Purchase Agreement (PPA) market demonstrated strong recovery in 2024, with nearly 19 gigawatts (GW) of new capacity contracted, according to the latest Europe Renewables PPA Tracker report released by Wood Mackenzie. The report highlights a surge in PPA activity, with Spain and Germany leading the market, accounting for 30% of total capacity. Solar PV and wind projects represented approximately 80% of contracted capacity, with each technology contributing similar volumes. Poland, the UK and Greece entered the top five across all deal types (corporate, route-to-market and utility).

News Release

India's new carbon market methodologies set offset landscape

17 April 2025

India's recent approval of eight methodologies for its domestic voluntary carbon market is set to revitalise the national carbon offset landscape, according to Wood Mackenzie. The Carbon Credit Trading Scheme (CCTS) introduces a framework that could significantly impact carbon credit prices, quality, and trading patterns in the country.

News Release

US energy dominance faces long-term challenges

17 April 2025

While the United States currently dominates global oil and gas production, it faces significant challenges to maintaining the same level of leadership in the coming decades, according to the latest Horizons report from Wood Mackenzie.

News Release

The oil industry nervously stands by: Tariff uncertainty and price volatility are threats to supply, investment and the service sector

23 April 2025

The global oil industry has been bracing for a crisis since oil prices fell below US$60 per barrel (/bbl), a level unseen since 2021. Producers are preparing for potential further declines, with investment in the US Lower 48 tight oil sector particularly responsive.

News Release

In 2025, Up to 3.5 Mcmd in play as spot gas market challenges firm contracts in Brazil

30 April 2025

Brazil's Local Distribution Company (LDC) market dynamics are set for significant changes in 2025, with a notable shift towards spot market transactions, according to a recent report from Wood Mackenzie.

News Release

Despite surging power demand, gas-fired power faces manufacturing constraints that could limit near-term growth

14 May 2025

A new report from Wood Mackenzie finds that despite surging power demand, the gas turbine market could experience "turbo lag" in the next 15 years due to manufacturing constraints, rising costs, and competition from renewables.

News Release

Proposed US House budget reconciliation bill poses many challenges to renewable energy industry

15 May 2025

Solar, wind, and energy storage forecasts potentially downgraded, while 95% of announced green hydrogen projects are at risk.

News Release

Key renewable energy takes away from Australia’s federal election

15 May 2025

Australia's re-elected Labor government has renewed its commitment to accelerating the energy transition following the 2025 federal election. The administration has pledged to uphold its ambitious renewable energy targets while introducing new policies to increase energy storage capacity and advance critical mineral development.

News Release

Middle East and North Africa solar manufacturing capacity to reach 44 GW by 2029, driven by vertically integrated strategy

07 May 2025

Solar manufacturing in the Middle East and North Africa (MENA) region is projected to reach 44 gigawatts (GW) by 2029, with installations in the region expected to exceed 140 gigawatts direct current (GWdc) by 2030, according to new analysis from Wood Mackenzie. “MENA’s vertically integrated, cost-competitive approach, underpinned by the latest technologies, sets it apart from fragmented strategies seen in markets like the United States, India, and Southeast Asia,” said Yana Hryshko, senior analyst and head of global solar supply chain research at Wood Mackenzie.

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Search results: 5319

Incentives uncertainty clouds Pathways Alliance economic feasibility

Diamondback Energy and Endeavor Energy merger creates the largest pure play company in the Permian, according to Wood Mackenzie

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

APAC markets driving global oil demand in 2024/25

Extending Energy Profits Levy surprising choice for government

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

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

BHP’s proposed offer for Anglo American would see it reclaim position as world’s leading mining company

Ethylene downcycle puts 24% of global capacity at some risk of closure

Higher LNG prices to limit Asian demand and turbocharge European gas storage levels

E-fuels offer long-term solution to key energy transition transport sectors, but journey needs to start now

Singapore's low carbon power target of 4 GW achievable by 2035

REPORT: US solar panel manufacturing capacity grows nearly 4x under new federal incentives

Carbon removal projects need to ramp up massively to meet future needs

Renewable Energy Certificate (REC) prices to drop 76% by 2050 due to surging renewable generation in Asia Pacific

Study shows more U.S. LNG is needed to curb Asia’s surging coal use

Record year for Chinese overseas power projects: 24 GW installed in Belt & Road countries

India needs US$4.3 billion government support to enable CCUS adoption

China's steel industry at critical crossroads of overcapacity and green transition

Copper production to become a growth driver in 2025 as capital allocation strategies diverge in mining

US wind market installations hit a decade low

European renewable PPA market sees 19GW of new capacity contracted in 2024

India's new carbon market methodologies set offset landscape

US energy dominance faces long-term challenges

The oil industry nervously stands by: Tariff uncertainty and price volatility are threats to supply, investment and the service sector

In 2025, Up to 3.5 Mcmd in play as spot gas market challenges firm contracts in Brazil

Despite surging power demand, gas-fired power faces manufacturing constraints that could limit near-term growth

Proposed US House budget reconciliation bill poses many challenges to renewable energy industry

Key renewable energy takes away from Australia’s federal election

Middle East and North Africa solar manufacturing capacity to reach 44 GW by 2029, driven by vertically integrated strategy

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