• News Release

  Tsingshan Indonesia shakes up stainless steel markets in South East Asia

  • 15 7月 2019

  Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie

• News Release

  WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

  • 15 7月 2019

  Wood Mackenzie, the global natural resources research consultancy, announces today its partnership with P2 Energy Solutions to better analyse current and future well spacing.

• News Release

  Achieving U.S. recycled plastics goals by 2030 could cost $3bn

  • 10 7月 2019

  Up to $3 billion in additional capital investment would be required to achieve current U.S. recycled plastics content goals by 2030, according to new analysis by Wood Mackenzie Chemicals

• Comment

  Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

  • 10 7月 2019

  French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

• Comment

  CP Chem and Qatar Petroleum to build USGC petrochemical project

  • 10 7月 2019

  Chevron Phillips Chemical (CP Chem) and Qatar Petroleum today announced that they have signed an agreement to jointly pursue the development of a new petrochemical complex on the US Gulf Coast.

• News Release

  OPEC+ aims for balance as it rolls over output curbs

  • 02 7月 2019

  Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."

• News Release

  New pipeline needed to meet surge in demand for Permian crude

  • 08 7月 2019

  Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.

• News Release

  China to become largest energy storage market in Asia Pacific by 2024

  • 09 7月 2019

  China’s cumulative energy storage capacity is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) or 32.1GWh in 2024. This represents an increase in the installed base of 25 times.

• News Release

  Global wind power capacity to grow by 60% over next 5 years

  • 08 7月 2019

  Global wind power capacity additions are expected to sit at an annual average of 71GW from 2019-2023 and 76GW from 2024-2028, according to new research from Wood Mackenzie Power & Renewables.

• News Release

  Top ten wind turbine OEMs to spend €2.3bn on R&D by 2023

  • 23 7月 2019

  Research and development (R&D) expenses among the world's top ten wind turbine OEMs have more than doubled in the last four years, reaching €1.6bn in 2018. This figure is expected to increase to €2.3bn by 2023.

• News Release

  India leads with lowest renewable cost in Asia Pacific

  • 29 7月 2019

  India has emerged as the market leader with the lowest renewable energy cost in Asia Pacific, new research from Wood Mackenzie found.

• News Release

  Brazil gas market reform unlocks investment across value chain

  • 06 8月 2019

  Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities across the gas value chain, and boost investment in the country’s pre-salt.

• Editorial

  Swelling Cushing oil hub stocks will require more pipelines

  • 06 8月 2019

  Growing US crude production is upending traditional Gulf Coast pipeline routes. WTI at Cushing will narrow against Brent as the build out continues.

• News Release

  European residential storage market at economic tipping point

  • 06 8月 2019

  The European residential storage market deployment base is expected to grow five-fold to 6.6 GWh by 2024, according to new research from Wood Mackenzie.

• News Release

  Data consortiums signal the future of oil and gas

  • 07 8月 2019

  Wood Mackenzie believes that discovering new value requires going beyond isolated datasets. The solution lies in data consortiums – cooperative platforms where companies can safely share quality data.

• Comment

  Huntsman Corporation and Indorama Ventures strike $2billion chemical intermediates deal

  • 08 8月 2019

  On 7th August 2019, Huntsman Corporation announced that it has entered into a definitive agreement to sell its chemical intermediates businesses to Indorama Ventures. The total deal is valued at $2.076 billion.

• Comment

  Motiva enters US chemical industry

  • 20 8月 2019

  Motiva, a 100%-owned subsidiary of Saudi Aramco, has signed an agreement to acquire full ownership interest in Flint Hills Resources Port Arthur, LLC.

• Comment

  Portugal's world record-breaking solar PV auction

  • 12 8月 2019

  Portugal is now the country with the world’s lowest-cost solar PV contract. The lowest tariff awarded in the country’s first solar PV auction – held in July 2019 – was just €14.76/MWh, or US$16.54/MWh at today’s exchange rates. This narrowly beats the recent US$16.95/MWh contract awarded in Brazil.

• Webinar

  Webinar | Regional vs. Northern Sands: is the Permian proppant debate over?

  • 27 8月 2019

  Please join our premier US Lower 48 research team's webinar to hear our take on this long-standing industry debate on Regional vs. Northern Sands. Our latest analysis will put the Permian proppant debate to a standing still.

• News Release

  Murphy Oil reaches FID in Gulf of Mexico deepwater

  • 08 8月 2019

  Murphy Oil has reached a Final Investment Decision (FID) regarding the King's Quay facility, Khaleesi/Mormont and Samurai developments in deepwater Gulf of Mexico. Commenting, Mfon Usoro, Wood Mackenzie analyst said: “Murphy’s sanction of the trio of projects including the King’s Quay facility, K...

• Comment

  Aramco takes slice of Reliance’s refining and petchems businesses

  • 11 8月 2019

  Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses.

• Comment

  Jethro-1 delivers the goods for Tullow

  • 13 8月 2019

  The Jethro-1 well, drilled in the Orinduik block, offshore Guyana, has delivered for Tullow Oil, with chief executive Paul McDade saying the prospect could hold more than 100 million barrels of recoverable oil, subject to appraisal.

• Comment

  ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

  • 13 8月 2019

  Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

• Comment

  Sinopec bolsters coal-to-chemicals investments in China

  • 14 8月 2019

  Sinopec will take over the 800-ktpa coal-to-olefins (CTO) project in Erdos from State Power Investment Mengxi Energy.

• Comment

  TechnipFMC demerger 'a bold step to reposition for the long-term'

  • 27 8月 2019

  In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

• Comment

  BP sells Alaska business to Hilcorp in US$5.6bn deal

  • 27 8月 2019

  Speaking after BP announced the sale of its Alaska business to Hilcorp in a US$5.6 billion deal, Wood Mackenzie analyst Rowena Gunn said: “The Majors are making progress with their divestment campaigns. This will mean long-held assets and territories will be let go. BP made such a deal today with its sale of all US Alaska assets to privately-owned Hilcorp."

• Webinar

  Webinar: Update on Mexico Power Markets

  • 12 9月 2019

  Join us for our 'Update on Mexico Power Markets' webinar when we will discuss the rapid changes facing Mexico's gas, power, and renewables markets.

• News Release

  Has M&A created value in the North Sea?

  • 04 9月 2019

  Since the turn of the decade, it’s been a frenetic period for M&A in the North Sea. Against a backdrop of oil price volatility and a dramatically changing corporate landscape, activity reached record levels. But have acquisitions created value so far? Wood Mackenzie recently analysed 55 of the largest North Sea deals announced between 2012 and 2018 from today’s vantage point to quantify underlying value creation.

• News Release

  Wind turbine order capacity hit a record high in Q2 2019

  • 04 9月 2019

  Global wind turbine order intake increased 111% YoY, overtaking the previous record set in Q4 2018 by 13.2GW, according to new research from Wood Mackenzie.

• News Release

  US PET and aromatics markets face major restructuring if plastics recycling goals met by 2030

  • 10 9月 2019

  Meeting current US recycled plastics content goals by 2030 would significantly alter the region's PET resin and upstream aromatics markets, according to a recent analysis from Wood Mackenzie.