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News Release
Rise in new players in Southeast Asia's upstream sector
- 28 6月 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
Poland tops growth league in Europe’s €14.1 billion flexible packaging market
- 18 7月 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.
News Release
OPEC producers key to world supply through to 2040
- 16 7月 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.
News Release
Inaugural Wood Mackenzie Prize awarded to Houston-based EY employee
- 10 8月 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.
News Release
China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters
- 21 8月 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
India to overtake China as world's largest oil demand growth centre by 2024
- 03 9月 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.
News Release
Permian producers hedge their bets against pipeline delays
- 11 9月 2018
Permian producers increased their 2020 oil-basis hedge positions by 431% during Q2. Such a sharp rise suggests producers perceive a higher risk that key pipeline projects fail to start up by 2019 target dates, according Wood Mackenzie's latest analysis of oil and gas activity.
News Release
Private equity's future in US Gulf of Mexico deepwater
- 19 9月 2018
With many Independents and Majors chasing onshore shale and white hot Brazil and Mexico, the US Gulf of Mexico, once the coveted jewel of the oil industry, has become a lower investment priority in recent years. This has opened the space for private equity-backed companies who have stepped up to the plate, turned pennies into dollars and shown they have what it takes to compete.
News Release
West Europe PET bottle recovery grows, but challenges for RPET supply chain remain
- 01 10月 2018
The total volume of PET bottles collected in West Europe during 2017 was near 2 Mt, compared to an estimated 3.2 Mt of bottles placed in the market, according to Wood Mackenzie Chemicals' latest report on the RPET market in West Europe.
News Release
Is the end of the global energy transition closer than we think?
- 17 10月 2018
Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.
News Release
Chinese wind asset owners keep their grip on global top 25
- 19 10月 2018
Chinese operators remain the leaders of the global wind asset market, according to new research from Wood Mackenzie Power & Renewables.
News Release
Years of growth ahead for Eastern European onshore wind
- 23 10月 2018
Onshore wind energy in Eastern Europe, Russia and the Caspian will experience a compound annual growth rate of 9% from 2018 to 2027, according to new research by Wood Mackenzie Power & Renewables.
News Release
Asia-Pacific solar demand to decline first time this year
- 24 10月 2018
After a decade of stellar growth, Wood Mackenzie forecasts that solar demand in the Asia-Pacific will decline for the first time this year. Compared to 2017, the region's solar demand will dip 18% to 59 GW in 2018 due to declining installations in China, India and Japan.
News Release
Upstream players need to boost spending to meet future demand
- 24 10月 2018
Wood Mackenzie forecasts that global oil and gas development spend needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade.
News Release
European energy storage markets heating up with total deployments nearing global highs
- 20 11月 2018
According to a new report from Wood Mackenzie Power & Renewables, an increasing number of major utilities have made strategic plays by investing in a relatively new European energy storage market over the past two years
News Release
How digitalisation transformed the US Lower 48
- 12 11月 2018
Upstream oil and gas companies are accelerating the implementation of big data applications and digital technologies to help transform their businesses. But how close is industry to achieving this? Where does the US Lower 48 stand in this transformation? A new study drills down into digitalisation in the upstream sector and identifies the technologies and applications being employed today and evaluates their potential impact.
News Release
Is deepwater ready for cost inflation?
- 27 11月 2018
In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work is in danger of being undone, as impending cyclical cost inflation could raise break-even costs once again.
News Release
New technology investments to boost growing global wind market
- 06 12月 2018
Wind turbines are set to become even bigger and better in an effort to maintain consistent downward trends of Levelized Cost of Electricity (LCOE), according to new research by Wood Mackenzie Power & Renewables. “Rapid technology developments have been a large driver of elevating wind to a compet...
News Release
OPEC stays the course with production deal
- 01 12月 2017
OPEC and non-OPEC producers agree to extend production curbs through 2018
News Release
Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018
- 14 12月 2017
2018 looks set to be a brighter year for upstream oil and gas companies
News Release
Can upstream cost savings stick?
- 15 12月 2017
The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.
News Release
BP's double proves there's life in the old dog yet
- 31 1月 2018
BP announced it made two discoveries on the UK Continental Shelf in 2017 - Capercaillie, in the North Sea, and Achmelvich, in the West of Shetland. Wood Mackenzie believes the finds prove there's still life in the ultra-mature province.
News Release
Wood Mackenzie joins Stonewall’s Diversity Champions programme
- 21 5月 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.
News Release
UK taxation in isolation will not increase plastics collection rates
- 21 5月 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
Majors dig deep as Brazil's PSC Round 4 sets record
- 07 6月 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 6月 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
China's LNG trucking capacity to double in medium term
- 18 6月 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.
News Release
More than 680GW of new wind power to come online over next decade
- 11 12月 2018
More than 680GW of new wind power capacity will come online globally over the 10-year outlook, according to new research by Wood Mackenzie Power & Renewables. Wood Mackenzie recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third...
News Release
Global offshore wind capacity will increase nearly sixfold over the next decade
- 28 1月 2019
By the end of 2017, offshore wind had only been deployed commercially across seven markets, with UK and Germany accounting for 68 percent of the grid-connected capacity. However, according to a recent report from Wood Mackenzie Power and Renewables, global offshore wind power demand will increase...
News Release
Exploration’s back in the black
- 04 2月 2019
After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.

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