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Industry leaders to speak at Wood Mackenzie’s Solar & Energy Storage Summit 2023

09 5月 2023

The solar and energy storage industries in North America continue to be catapulted forward by the Inflation Reduction Act (IRA) and the transition to a clean energy future.

News Release

With $9B BM-C-33 FID in Brazil, Equinor to increase its deepwater production outside of Norway to 400,000 boe/d by end of the decade

09 5月 2023

Addressing Equinor’s announced final investment decision (FID) for Brazil’s $9 billion BM-C-33 project, Luiz Hayum, senior research analyst, Latin America and Sub-Saharan Africa Upstream Oil and Gas, said “The BM-C-33 is Equinor’s second FID in a long list of justified for development deepwater projects outside Norway. Once sanctioned, these projects will increase Equinor’s operated deepwater production outside Norway from near zero to 400,000 boe/d by the end of the decade.”

News Release

Middle East gas production to jump by almost 20% by 2030

04 5月 2023

The Middle East is set to spend as much as US$120 billion to increase gas production by 14 billion standard cubic feet a day (bcfd) to 86 bcfd by 2030, according to a new report by Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.

News Release

Latin America’s natural gas deficit to grow as new resource production remains a challenge

03 5月 2023

With several challenges facing new gas developments in Latin America, supply will be unable to keep up with demand, driving the need for expanded imports to the region over the next decade, according to a new report from Wood Mackenzie.

News Release

Kan discovery in Mexico’s shallow water one of the largest since 2020

02 5月 2023

Addressing Wintershall Dea’s Kan-1 discovery, Adrian Lara, Principal Research Analyst Latin America Upstream Oil and Gas, said “With Wintershall Dea’s first operated exploration well drilled in Mexico, the announced expected resource of 200 to 300 million barrels of equivalent of oil and gas in place outperforms the original prospective resource estimated at 196 mmboe. The discovery is one of the largest in Mexico’s shallow-water since Zama, made by Talos in 2017 and Saasken made by Eni in 2020.”

News Release

Sakarya Phase One kick-starts Turkey’s upstream sector transformation, making nation less reliant on gas imports

20 4月 2023

Addressing Turkish Petroleum Corporation’s (TPAO) launch of Sakarya Phase One, Ashley Sherman, Research Director, Caspian & Europe Upstream Oil and Gas for Wood Mackenzie said “Sakarya Phase One redefines the scale of Turkey’s upstream sector, bringing its first deepwater output and a fundamental shift in domestic energy security. To date, Turkey has relied almost entirely on gas imports to meet its demand. Sakarya Phase One will put a sizeable dent into the country’s energy import bill, which reached an eye-watering US$97 billion in 2022. But Phase Two would be the real gamechanger, enabling Sakarya to cover almost 30% of Turkey’s gas consumption by 2030.”

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

US$36.4B of grid modernization planned by investor-owned utilities

18 4月 2023

In efforts to modernize distribution grids, 25 investor-owned utilities (IOU) have filed for $36.4 billion of investment.

News Release

Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

11 4月 2023

A team of six professionals from global energy consultancy Wood Mackenzie traveled to energy-impoverished areas of Puerto Rico last month to install solar panels and energy storage systems on homes and a women’s shelter as part of an ongoing charitable project with Let’s Share the Sun Foundation.

News Release

Global wind energy to top 1 TW threshold by the end of 2023

11 4月 2023

The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.

News Release

Emissions crackdown could fast-track Australian CCS projects

06 4月 2023

A revision to the Safeguard Mechanism, legislation that requires Australia’s largest emitters to cut direct emissions (known as Scope 1 emissions,) could trigger a spike in carbon, capture and storage (CCS) projects in the region, says Wood Mackenzie.

News Release

Tesla Solar Roof deployments miss expectations

30 3月 2023

Since the launch of the Tesla Solar Roof (“Solar Roof”) in 2016, Wood Mackenzie estimates that approximately 3,000 Solar Roofs have been installed nationwide, with a total capacity of nearly 30 megawatts direct current (MWdc), missing Tesla’s stated goal of 1,000 installations per week.

News Release

US Gulf of Mexico Lease Sale 259 shows optimism for the region

29 3月 2023

The US Gulf of Mexico region-wide Lease Sale 259 held today attracted 353 bids from 32 companies, with high bids totalling US $264 million. The amount of activity surpassed the previous lease sale spend in 2021, demonstrating optimism for the region, according to Wood Mackenzie analysts.

News Release

California dwarfs all other VPP markets in North America

29 3月 2023

California dwarfs all virtual power plant (VPP) markets in North America, housing 24% of projects in the region, according to Wood Mackenzie’s ‘North America VPP market: H1 2023’ report.

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

Global policy support for nuclear expands to address challenges of reliable, low-carbon energy supplies

22 3月 2023

As nations look for more low-carbon energy supplies, many are adjusting energy policies to support new nuclear projects and developing new technologies that will make this energy source more cost-competitive, according to a new report from Wood Mackenzie.

News Release

Public EV charging market in North America on track for rapid growth

22 3月 2023

As electric vehicle (EV) adoption continues to rise, the market for public charging networks in North America is forecast to grow rapidly by 2050, according to Wood Mackenzie’s latest ‘Commercial landscape of EV charging networks in North America’ report.

News Release

US energy storage market continues to expand rapidly

15 3月 2023

Across all segments of the industry, the U.S. energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 2020 and 2021 installed capacity of 5 GW, becoming a record year for battery storage. This is according to ACP and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today.

News Release

Willow project in National Petroleum Reserve-Alaska economically viable with approval from US Interior Department

13 3月 2023

The US Interior Department today approved the Willow project in the National Petroleum Reserve-Alaska (NPR-A). The decision is for a three-pad development instead of the originally sought five drill sites and is coupled with ConocoPhillips relinquishing 68,000 acres of existing leases. The new Record of Decision replaces one received in October 2020, which was later vacated following a court case. The three-pad approval will still render the project economically viable, say analysts at Wood Mackenzie.

News Release

Policy-driven supply constraints cause steep drop in solar installations in 2022

09 3月 2023

According to the U.S. Solar Market Insight 2022 Year in Review released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, utility-scale installations fell by 31% year-over-year to 11.8 GW, the sector’s lowest total since before the COVID-19 pandemic.

News Release

China drives global wind turbine orders to new record in 2022

08 3月 2023

Global wind turbine order intake hit new highs in 2022, with 44 gigawatts (GW) procured in Q4 and 134.6 GW for the year, both records. Dominated by activity in China, annual investment reached an estimated $74.2 billion, according to new analysis from Wood Mackenzie.

News Release

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

23 2月 2023

The total global announced capacity for hydrogen projects reached 71.4 million tonnes per annum (Mtpa), but 2022 falls short of becoming a record year according to latest analysis from Wood Mackenzie.

News Release

US could see $100B of new LNG projects in the next five years

22 2月 2023

High prices and the demand for energy security will drive the US to be the leading exporter of LNG in 2023 and potentially pave the way for $100 billion in new developments to support long-term growth, according to a new report from 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

US community solar growth slowed 16% in 2022; national market expected to double by 2027

15 2月 2023

US community solar installed capacity declined 16% in 2022 compared to last year, primarily driven by interconnection delays hindering growth in key state markets such as Massachusetts, Maine, and Maryland. Industry-wide supply chain constraints also pushed project timelines into 2023, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA).

News Release

Renewable power competitiveness in Asia Pacific worsened in 2022

14 2月 2023

The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. The trend is expected to reverse in 2023, but volatility risks including geopolitical tensions, trade policy and financing remain according to latest analysis from Wood Mackenzie.

News Release

US microgrid market develops at rapid pace, with capacity reaching 10 GW in 2022

06 2月 2023

The US microgrid market reached 10 gigawatts (GW) in the third quarter of 2022, with more than 7 GW in operation and the rest in planning or construction stages, according to latest analysis from Wood Mackenzie’s Grid Edge Service.

News Release

Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

06 2月 2023

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, today launched the Electric Vehicles and Battery Supply Chain Service (EVBSC) at the Mining Indaba 2023 conference in Cape Town, South Africa. The EVBSC is a new product that provides end-to-end detailed analysis and forecasts of the electric transportation value chain including quarterly long-term outlooks to 2050 and 10-year forecasts, and monthly short-term reports and data for EV, Li-ion battery and raw materials (lithium, nickel, cobalt, graphite and manganese) markets.

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).

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Industry leaders to speak at Wood Mackenzie’s Solar & Energy Storage Summit 2023

With $9B BM-C-33 FID in Brazil, Equinor to increase its deepwater production outside of Norway to 400,000 boe/d by end of the decade

Middle East gas production to jump by almost 20% by 2030

Latin America’s natural gas deficit to grow as new resource production remains a challenge

Kan discovery in Mexico’s shallow water one of the largest since 2020

Sakarya Phase One kick-starts Turkey’s upstream sector transformation, making nation less reliant on gas imports

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

US$36.4B of grid modernization planned by investor-owned utilities

Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

Global wind energy to top 1 TW threshold by the end of 2023

Emissions crackdown could fast-track Australian CCS projects

Tesla Solar Roof deployments miss expectations

US Gulf of Mexico Lease Sale 259 shows optimism for the region

California dwarfs all other VPP markets in North America

Wood Mackenzie appoints new Chief Financial Officer

A supercharged China could turn up the heat on global commodities

Global policy support for nuclear expands to address challenges of reliable, low-carbon energy supplies

Public EV charging market in North America on track for rapid growth

US energy storage market continues to expand rapidly

Willow project in National Petroleum Reserve-Alaska economically viable with approval from US Interior Department

Policy-driven supply constraints cause steep drop in solar installations in 2022

China drives global wind turbine orders to new record in 2022

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

US could see $100B of new LNG projects in the next five years

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

US community solar growth slowed 16% in 2022; national market expected to double by 2027

Renewable power competitiveness in Asia Pacific worsened in 2022

US microgrid market develops at rapid pace, with capacity reaching 10 GW in 2022

Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

Veritas Capital completes acquisition of Wood Mackenzie