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News Release
Neptun Deep FID signals Romania’s arrival as major EU gas player
- 20 7月 2023
The final investment decision to approve the US$4.4 billion (EUR4 billion) Neptun Deep gas development in the Black Sea is a defining moment for Romania’s energy sector and will make it the EU’s largest gas producer according to a report 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
North American renewable natural gas market could expand tenfold by 2050 to reach 4 bcfd
- 17 7月 2023
Driven by new government incentives for the transportation sector, renewable natural gas (RNG), or biomethane, saw tremendous growth in 2022, with 60 million cubic feet per day (mmcfd) of new production capacity added, according to a new report from Wood Mackenzie.
News Release
Australia leads global market for battery energy storage systems
- 17 7月 2023
Australia leads the global market for battery energy storage systems (BESS), with the total pipeline of announced projects now exceeding 40 gigawatts (GW), according to latest Wood Mackenzie analysis launched at the Australian Clean Energy Summit in Sydney.
News Release
South American onshore wind power to expand 122% through 2032
- 12 7月 2023
Free market expansion will be one of the main drivers of onshore wind growth in the next 10 years in South America. The total wind market is set to add 41.2 gigawatts (GW) of onshore projects through 2032, based on a new analysis from Wood Mackenzie.
News Release
Norway’s 800km Barents Sea gas pipeline back on agenda
- 11 7月 2023
A proposed US $5 billion export route linking gas fields in the Barents Sea in Northern Norway to European markets could help alleviate the continent’s dependence on liquified natural gas (LNG) imports according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.
News Release
Canadian LNG has potential to meet growing Asian demand
- 10 7月 2023
Speaking at the LNG2023 conference in Vancouver, Dulles Wang, Director, Americas Gas & LNG at Wood Mackenzie said that with the alignment of several market dynamics, Canada could be positioned to play a much bigger role in global LNG exports.
News Release
Australia’s emissions-intensive mines face unforeseen future under new Safeguard Mechanism Scheme Reforms
- 07 7月 2023
The adoption of the single "industry average" as presented in the revised Safeguard Mechanism Scheme, will see some clear winners and losers in the Australian mining sector.
News Release
President Tinubu’s radical reforms signal new economic era in Nigeria
- 06 7月 2023
The new president of Nigeria, Bola Tinubu, has started to roll out radical reforms in a move that could turbo-charge investment in the West African state according to Gail Anderson, Director of Research for Upstream Sub-Saharan Africa at Wood Mackenzie, a global insight business for renewables, energy and natural resources.
News Release
EV charger installations in the US are poised to grow fourfold by 2027
- 28 6月 2023
Wood Mackenzie estimates the number of charging ports in the US to reach close to 18 million by 2027, with most chargers in the residential category. However, the residential market share will slightly decline in that period as the public and commercial EV charging segments grow.
News Release
TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey
- 27 6月 2023
French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey.
News Release
U.S. and Japan will struggle to hit ambitious hydrogen targets
- 27 6月 2023
U.S. Hydrogen producers will struggle to hit the National Clean Hydrogen Strategy and Roadmap (the Strategy) that was released by the Department of Energy on June 5 according to according to analysts Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.
News Release
Rosebank and Cambo fields barometer for the future of the North Sea
- 26 6月 2023
The development of the Rosebank and Cambo oil fields in the North Sea would save 17 million tonnes of CO2 emissions over their projected lifetimes compared to the equivalent amount of imported oil and gas according to Malcolm Forbes-Cable, Vice President of Energy Consulting (Upstream, EMEA) at Wood Mackenzie.
News Release
Woodside announces Trion field FID, Mexico’s first deepwater oilfield development
- 22 6月 2023
Addressing Woodside’s announced final investment decision (FID) of Trion field, Diego Alviso Becerril, Senior Research Analyst, Upstream Research LATAM, said “This will be Woodside’s first incursion into Mexican waters and Mexico’s first deepwater oil field development. With first oil scheduled for 2028, the development concept considers a US$7.2 billion investment to recover 479 million barrels of equivalent (mmboe).”
News Release
US Distributed Energy Resource market to almost double by 2027
- 20 6月 2023
The US Distributed Energy Resource (DER) market is expected to nearly double in capacity from 2022 to 2027, with capital expenditure reaching US $68 billion per year, according to Wood Mackenzie’s ‘2023 US Distributed Energy Resource Outlook’ report released today.
News Release
Keir Starmer softens stance on UK oil and gas
- 20 6月 2023
The recent announcement by Keir Starmer, the leader of the UK’s Labour Party, that he will ban new oil and gas exploration licences if he gains power at the next election will be viewed as a largely symbolic gesture according to analysts Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.
News Release
TotalEnergies discovery in shallow water Nigeria largest in a decade
- 16 6月 2023
Addressing TotalEnergies discovery at Ntokon in the shallow water Niger Delta, Gail Anderson, director of upstream research at Wood Mackenzie, said “Ntokon is likely to be Nigeria's biggest shallow water discovery in a decade. Despite the lack of exploration in recent times, this discovery shows that there is still plenty of running room in the shallow water Niger Delta.”
News Release
Should gas resource holders target LNG exports or blue ammonia?
- 15 6月 2023
The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.
News Release
US grid-scale energy storage installations record second-straight quarterly decrease
- 14 6月 2023
Across all segments of the industry, the U.S. energy storage market added 2,145 megawatt hours (MWh) in the first quarter of 2023, a 26% decrease from Q4 2022. The grid-scale segment installed 1,553 MWh in Q1 2023, recording the second-straight quarterly decline and falling 33% below first quarter 2022 installations, according to a new report released today.
News Release
Floating rig utilization rebounds to pre-COVID levels
- 12 6月 2023
Rig utilization has returned to pre-COVID levels, driving rates up 40 percent in the past year as demand is forecast to increase another 20 percent from 2024-2025, according to a recent report from Wood Mackenzie.
News Release
US solar market registers best first quarter in industry history as supply chains stabilize and Inflation Reduction Act takes hold
- 08 6月 2023
The US solar industry installed 6.1 gigawatts (GW) of solar capacity and had its best first quarter in history, according to the US Solar Market Insight Q2 2023 report released today by the Solar Energy Industries Association (SEIA) and 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
Global wind turbine order intake sets Q1 record, increases 27% YOY
- 30 5月 2023
Global wind turbine order intake hit a new Q1 record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie.
News Release
Global floating solar to top 6GW threshold by 2031
- 24 5月 2023
The global floating solar market is expected to pass the six-gigawatt (GW) threshold by 2031, as PV developers struggle to meet growing solar demand and look to alternate development technologies.
News Release
China’s solar exports booming, up 64% in 2022 despite global trade tensions
- 23 5月 2023
China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.
News Release
Australian E&P companies need resilient and sustainable plans to weather future energy shocks
- 19 5月 2023
Strong commodity prices have improved short-term resilience for Australia’s largest exploration and production (E&P) companies, but long-term uncertainties remain according to Andrew Harwood, Research Director of Corporate and Upstream Research at Wood Mackenzie. Speaking at the Australian Petroleum Production and Exploration Association (APPEA) Conference in Adelaide, Mr Harwood told delegates that operators must adapt their strategies to be robust enough to handle future bumps on the road to decarbonisation.
News Release
Nuclear needs to be cost competitive with alternative power generation to enable net zero
- 18 5月 2023
Despite policy support and market growth, the biggest economic hurdle to the uptake of the latest nuclear and small modular reactors (SMRs) is cost, according to Wood Mackenzie report.
News Release
North American gas market to expand by 25 percent over the next decade, despite headwinds
- 17 5月 2023
Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued growth in Permian associated gas and Haynesville production, according to a recent report from Wood Mackenzie.
News Release
Brent-linked long-term LNG contracts are back in vogue
- 17 5月 2023
Long-term liquefied natural gas (LNG) contracting activity is off to a strong start in 2023, with around 13 million metric tonnes per annum (mmtpa) of signed in just over four months. Speaking on the sidelines of the Australian Petroleum Production and Exploration Association (APPEA) Conference in Adelaide, Daniel Toleman, Principal Analyst for Global LNG at Wood Mackenzie said that the bullish conditions in the market have continued.
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.

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