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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 global oil and gas discoveries in 2022 drive exploration to highest value creation in over a decade
- 30 1月 2023
The global oil and gas exploration sector had its strongest year in 2022 in more than a decade. In its work to improve portfolios by adding lower-carbon, lower-cost advantaged hydrocarbons, the sector created at least $US33 billion of value and achieved full-cycle returns of 22%, at $US60/barrel Brent prices, according to a recent report from Wood Mackenzie, a Verisk business.
News Release
US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031
- 19 1月 2023
The Inflation Reduction Act (IRA), flagship legislation focused on accelerating decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. A rise from US$64 billion in 2022 to nearly US$114 billion is expected by 2031, according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Bolivian gas production to decline faster than expected, exports to Brazil and Argentina to cease by 2030
- 18 1月 2023
Bolivian gas production will decline more rapidly than expected, falling from 1,400 million cubic feet per day (mmcfd) in 2022 to as low as 400 mmcfd by 2030, according to a report from Wood Mackenzie, a Verisk business.
News Release
Norway to earn over US$200 billion from oil and gas sector in 2023
- 16 1月 2023
Norway’s oil and gas operations in the North Sea will continue to churn out cash as the Scandinavian country maintains high production to help support Europe’s energy crisis according to a report by Wood Mackenzie.
News Release
Q3 U.S. grid-scale energy storage market sets new record
- 15 12月 2022
The U.S. energy storage market grid-scale segment installed a record 4,733 megawatt-hours (MWh) in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to a new report released today. On a single charge, this amount of battery storage could power over 150,000 U.S. homes for a day.
News Release
European gas storage plans for 2023 still stand despite cold snap
- 14 12月 2022
Colder temperatures across Europe have increased month-on-month heating demand by 20% in December, but behavioural change in households and services means the amount of gas used in these sectors is 16% lower than previous average consumption patterns for similar temperatures says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
News Release
Trade and supply chain barriers delay impact of historic clean energy law
- 13 12月 2022
The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress. These disruptions will cause a 23% decline in solar installations this year compared to 2021, according to the U.S. Solar Market Insight Q4 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.
News Release
A better future for energy emerging from crisis
- 07 12月 2022
Wood Mackenzie report offers five key developments for the energy sector over the next 12 months
News Release
Long-duration energy storage projects attract more than US $58 billion investment over last three years
- 07 12月 2022
Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from 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
Power facilities to potentially use 100 Mt of low-carbon ammonia as feedstock by 2050
- 17 11月 2022
As one of the most-used petrochemicals in the world, ammonia offers a bevy of decarbonization and energy market opportunities, including the potential to provide 100 million tonnes (Mt) into the power sector by 2050 in a high-case scenario. However, without strong policy support, low-carbon ammonia may remain an untapped market, according to “Avoiding Pand-Ammonia” a new report from Wood Mackenzie.
News Release
Solar PV to overtake onshore wind in Latin America from 2023
- 16 11月 2022
Solar PV will become the most cost-competitive technology in Latin America from 2023, according to Wood Mackenzie’s latest research report, ‘Latin America levelized cost of electricity (LCOE)’ which examines the power technology and generation landscape across the region to 2050. Solar will also displace onshore wind, currently the most attractive renewable energy source in Brazil, by 2025.
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
Industry leaders to speak at Wood Mackenzie’s Grid Edge Innovation Summit 2022
- 10 11月 2022
Join executives from Shell Recharge Solutions, Exelon, BMW, and General Motors, as event looks at current trends, challenges and drivers shaping the grid edge
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
Verisk Announces the Sale of Wood Mackenzie to Veritas Capital
- 31 10月 2022
Verisk (Nasdaq: VRSK), a leading global data analytics provider, and Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire Verisk’s Energy business, Wood Mackenzie, for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million.
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
Net zero scenario to require 9.7 Mt of new copper supply over next decade
- 20 10月 2022
How much copper is needed to successfully meet the climate targets set out by the Paris Agreement?
News Release
Latin America offshore wind to see 34 GW of installed capacity by 2050
- 18 10月 2022
Driven by the growth of off-grid green hydrogen projects, Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 Gigawatts (GW) by 2050, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Climate policies trigger 1.9% upgrade QoQ in global wind power
- 03 10月 2022
Global wind power is expected to see an 1.9% increase of installed capacity Quarter on Quarter (QoQ), an equivalent of 25.6 gigawatts (GW), between 2022 and 2031 according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
New US solar contract capacity sees record growth in Q2
- 28 9月 2022
Boosted by recent legislation, the U.S. recorded 10 gigawatts (GW) of new utility-scale solar capacity contracts in Q2, up 201% from Q1 for the largest quarter-over-quarter growth on record according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
14% increase in European coal demand to be short-term trend
- 21 9月 2022
European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis.
News Release
Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment
- 15 9月 2022
Decarbonising the steel and iron ore industry by 2050, in line with the Paris Climate Agreement, will require US$1.4 trillion of investment and revolution across every stage of the value chain. This presents an urgent challenge and enormous opportunity according to Wood Mackenzie’s latest Horizons research report, Pedal to the metal: Iron and steel’s $1.4 trillion shot at decarbonisation.
News Release
US grid-scale energy storage market beats Q2 record
- 14 9月 2022
The U.S. energy storage market set a new record in the second quarter of 2022, with grid-scale installations totalling 2,608 megawatt hours (MWh) – the highest installed capacity for any Q2 on record, according to a new report released today.
News Release
Global wind turbine order intake breaks record in Q2
- 12 9月 2022
Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.
News Release
US solar market ready for rebound after tumultuous first half of 2022
- 08 9月 2022
Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown

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