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How digitalisation transformed the US Lower 48

12 November 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.

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Explorers hit the jackpot in sub-Saharan Africa

06 November 2018

In the past 10 years, explorers in sub-Saharan Africa have turned up more giant discoveries than any other region. But converting volume into value is undoubtedly sub-Saharan Africa’s Achilles heel.

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Plastics recycling tax likely to increase cost of plastics packaging in short-to medium term

29 October 2018

Commenting on UK Chancellor Philip Hammond's Budget announcement of a new tax on the manufacture and import of plastic packaging that contains less than 30% recycled plastic, Wood Mackenzie Head of PET, Philip Marshall, said:

News Release

Years of growth ahead for Eastern European onshore wind

23 October 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.

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Chinese wind asset owners keep their grip on global top 25

19 October 2018

Chinese operators remain the leaders of the global wind asset market, according to new research from Wood Mackenzie Power & Renewables.

News Release

Is the end of the global energy transition closer than we think?

17 October 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.

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New wave of growth on the horizon for Asia-Pacific's oil and gas sector

15 October 2018

Asia-Pacific's oil and gas sector looks set to rebound over the next 12 months as rising demand, stronger commodity prices and an uptick in M&A activity bring greater confidence to the region. Wood Mackenzie predicts rising Asian LNG demand, the return of China's NOCs to growth mode and new appetite for upstream investment to be key factors influencing the sector, not only Asia-Pacific, but also globally into 2019.

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India's renewables to contribute 13% of power generation mix in five years, double the amount today

15 October 2018

India’s renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would still be a noteworthy achievement. Wood Mackenzie's solar analyst Rishab Shrestha explains why.

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Rosebank deal 'cements Equinor's commitment to the UK'

01 October 2018

Norway's Equinor set to buy Chevron's 40% operating stake in the Rosebank field, offshore West of Shetland

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West Europe PET bottle recovery grows, but challenges for RPET supply chain remain

01 October 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.

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Merger does the business for Wintershall and DEA

28 September 2018

Wintershall and DEA set to merge to create independent exploration and production company

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Qatar Petroleum's LNG plans get even bigger

27 September 2018

Qatar Petroleum announces plans for a fourth LNG megatrain

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Chevron in talks to sell Rosebank stake

27 September 2018

US major Chevron has confirmed it is in talks to sell its 40% operating stake in the Rosebank field, offshore West of Shetland

News Release

Private equity's future in US Gulf of Mexico deepwater

19 September 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.

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China's retaliatory tariff on US LNG

19 September 2018

In the 12 months up until June 2018, China was the second largest buyer of US LNG, accounting for approximately 3 mmtpa of US LNG, with Shell being the largest seller. However as the US-China trade dispute escalated, Chinese buyers have gradually reduced purchases of US LNG.

News Release

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.

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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.

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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:

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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Search results: 5326

How digitalisation transformed the US Lower 48

Explorers hit the jackpot in sub-Saharan Africa

Plastics recycling tax likely to increase cost of plastics packaging in short-to medium term

Years of growth ahead for Eastern European onshore wind

Chinese wind asset owners keep their grip on global top 25

Is the end of the global energy transition closer than we think?

New wave of growth on the horizon for Asia-Pacific's oil and gas sector

India's renewables to contribute 13% of power generation mix in five years, double the amount today

Rosebank deal 'cements Equinor's commitment to the UK'

West Europe PET bottle recovery grows, but challenges for RPET supply chain remain

Merger does the business for Wintershall and DEA

Qatar Petroleum's LNG plans get even bigger

Chevron in talks to sell Rosebank stake

Private equity's future in US Gulf of Mexico deepwater

China's retaliatory tariff on US LNG

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

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

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

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