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World heading for a 3-degree C warming trajectory, as political headwinds slow the energy transition

02 5月 2024

A five-year delay to the energy transition could see the global average temperature rise to 3-degree Celsius above pre-industrial levels.

News Release

Renewables and nascent low-carbon technologies most exposed to high interest rates

18 4月 2024

If high interest rates persist, transitioning to a net zero global economy will be even harder and more costly. The higher cost of borrowing negatively affects renewables and nascent technologies, compared to more established oil and gas, and metals and mining sectors, which remain somewhat insulated.

News Release

Asia Pacific could become a global leader in the energy transition

21 2月 2024

Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change without strong policy action and investment. However, the region still has the potential to turn these challenges into opportunities and become a global leader in the energy transition.

News Release

Key things to watch in North American natural gas for 2024

19 1月 2024

Market expansion continues for the natural gas sector, but a volatile path may lie ahead in 2024. Wood Mackenzie recently released the North America Natural Gas: 5 things to look for in 2024 report. Key themes to watch for include the need for storage development, resilient gas demand, the growth of LNG exports and infrastructure positioning for production growth.

News Release

COP28: Middle East could play a key role in decarbonising global economy

23 11月 2023

Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

News Release

FLNG sector thriving amid projects boom

31 8月 2023

The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

India needs radical transformation to reach net zero emissions by 2070

27 7月 2023

How can India attain its net zero emissions goal by 2070, in line with global pledges to reach net zero emissions by mid-century? Wood Mackenzie analyses the scenario in its latest report ‘India energy transition pathways 2070’, concluding that the country must radically transform its energy landscape and prioritise renewable energy, electrification, hydrogen adoption, and carbon removal strategies.

News Release

A revitalised oil and gas sector can play a key role in Indonesia’s energy transition

27 7月 2023

Indonesia’s oil and gas sector must undergo a major overhaul in the way it operates if it is to realise the full potential of the country’s natural resources and support a successful energy transition, according to a new white paper by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

20 7月 2023

Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

News Release

Implications of OPEC+ meeting for H2 2023

07 6月 2023

The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.

News Release

Australian operators need to collaborate to create super basins

16 5月 2023

Australia’s oil and gas industry needs to urgently fast-track the creation of energy “super basins” to provide a pathway to greater sustainability and cut emissions, according to Anne Forbes, Upstream Research Analyst at Wood Mackenzie.

News Release

Oil and mining companies must adapt new strategies to deliver low-carbon transition

20 4月 2023

As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

News Release

Wood Mackenzie appoints new Chief Financial Officer

27 3月 2023

Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

News Release

A supercharged China could turn up the heat on global commodities

23 3月 2023

The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie.

News Release

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

16 2月 2023

The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.

News Release

Veritas Capital completes acquisition of Wood Mackenzie

02 2月 2023

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

News Release

Russian refinery products will continue to flow in 2023 despite European price cap

31 1月 2023

The European Commission’s announcement that the EU is proposing a US$100 per barrel price cap on Russian oil products such as diesel, jet fuel and gasoline, and a US$45 per barrel cap on discounted products like fuel oil, would not severely impact Russian refiners according to Wood Mackenzie.

News Release

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

06 12月 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

News Release

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

06 12月 2022

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

News Release

LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

17 11月 2022

Driven by a surge in LNG exports, the North America natural gas market will support 29 billion cubic feet per day (bcfd) of production from 2022-2033, tripling its current market size, according to a new report from Wood Mackenzie.

News Release

Wood Mackenzie launches Lens Gas & LNG

15 11月 2022

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.

News Release

Offshore CCS projects could breathe new life into Gulf of Mexico

04 11月 2022

As the US looks for innovative ways to reduce greenhouse gas emissions, offshore carbon capture storage (CCS) projects in the US Gulf of Mexico (GoM) could play an influential role in meeting future goals, according to analysis from Wood Mackenzie.

News Release

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

28 10月 2022

Scope 3 emissions account for 80-to-95% of total carbon emissions from oil and gas companies. But only a small number of these firms have set Scope 3 net zero ambitions, according to a recent report from Wood Mackenzie.

News Release

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

25 10月 2022

A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.

News Release

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

01 9月 2022

High natural gas prices will continue to drive down European demand to seven percent below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, in line with the five-year average, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

News Release

The Australian energy crisis highlights the need for new gas supply

29 8月 2022

With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

News Release

Stability of Russian gas flows remain uncertain, despite the reopening of Nord Stream

21 7月 2022

Gazprom confirmed today that regular annual maintenance of Nord Stream is officially over and gas flows restarted at 63 million cubic metres per day (mcm/d) – 40% of the pipeline’s overall capacity. The European gas market has reacted, with prices down by 5%; but the stability of Russian gas flows is by no means a given, according to analysts at Wood Mackenzie.

News Release

China’s LNG imports to see unprecedented decline in 2022

19 7月 2022

China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it began LNG imports, says Wood Mackenzie.

News Release

Wood Mackenzie and Ball Corporation introduce new tool that tracks global LNG liquefaction train statuses in near real-time

13 7月 2022

Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BALL) today announced the launch of Global LNG Liquefaction Monitoring – the first product arising from their strategic agreement to accelerate the development of advanced analytics for energy markets.

News Release

Russia supply reduction via Nord Stream poses risks to gas storage refill in Europe

17 6月 2022

Russia reducing flows via Nord Stream, outages at Freeport and French nuclear downgrades have sent the European natural gas market into an upward spiral with more volatility still to come. And while summer consumption will be covered, analysts at Wood Mackenzie, a Verisk business (Nasdaq: VRSK) say storage refill is at risk unless additional demand and supply measures are taken.

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Search results: 170

World heading for a 3-degree C warming trajectory, as political headwinds slow the energy transition

Renewables and nascent low-carbon technologies most exposed to high interest rates

Asia Pacific could become a global leader in the energy transition

Key things to watch in North American natural gas for 2024

COP28: Middle East could play a key role in decarbonising global economy

FLNG sector thriving amid projects boom

India needs radical transformation to reach net zero emissions by 2070

A revitalised oil and gas sector can play a key role in Indonesia’s energy transition

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

Implications of OPEC+ meeting for H2 2023

Australian operators need to collaborate to create super basins

Oil and mining companies must adapt new strategies to deliver low-carbon transition

Wood Mackenzie appoints new Chief Financial Officer

A supercharged China could turn up the heat on global commodities

High quality oil and gas supplies are scarce, threatening emissions targets and a healthy energy transition

Veritas Capital completes acquisition of Wood Mackenzie

Russian refinery products will continue to flow in 2023 despite European price cap

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

Wood Mackenzie launches Lens Gas & LNG

Offshore CCS projects could breathe new life into Gulf of Mexico

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

The Australian energy crisis highlights the need for new gas supply

Stability of Russian gas flows remain uncertain, despite the reopening of Nord Stream

China’s LNG imports to see unprecedented decline in 2022

Wood Mackenzie and Ball Corporation introduce new tool that tracks global LNG liquefaction train statuses in near real-time

Russia supply reduction via Nord Stream poses risks to gas storage refill in Europe