Shell dividend cut frees up US$10bn

• 30 April 2020

Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.

Arrow Energy sanctions Surat Gas Project

• 17 April 2020

Arrow Energy sanctions Surat Gas Project

Saudi Arabia’s May 2020 OSPs for crude exports bode well for Asian refiners

• 16 April 2020

Looking at the May OSPs, it is clear that Saudi Arabia wants to ensure its crude remains very competitive in Asia.

Covid-19 lockdown hits global solar PV market

• 09 April 2020

The coronavirus pandemic will have a significant impact on the global solar PV market. Construction and development is slowing as countries around the world enforce unprecedented lockdowns. As the world economy faces severe economic disruption, Wood Mackenzie has downgraded its forecast for 2020 installations from 129.5 gigawatts (GW) to 106.4 GW, a reduction of 18%.

US$210bn of new spend in firing line as players target cost cuts

• 02 April 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

• 01 April 2020

In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

China’s crude reserves to reach 1.15 billion barrels in 2020

• 23 March 2020

Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.

OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

• 05 March 2020

The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

New CEO Looney rings changes at BP with ambitious climate plan

• 12 February 2020

Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

What does the US-China trade deal mean for refiners - and for the market?

• 20 January 2020

After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

2020 could mark start of downcycle for China’s petrochemical industry

• 15 January 2020

In a recently published report, Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same.

Cheaper electric cars could help Tesla hit targets by mid-2020s

• 09 January 2020

In Q3 2019, Tesla announced its plans to capture 1% of all car sales globally. With its current portfolio of luxury cars, the company is unlikely to meet that target by the end of the decade. However, if it launches an entry-level car priced at $25,000, Wood Mackenzie projects that Tesla will meet the 1% target as early as 2024.

Increased uncertainty to colour upstream sector’s decision-making in 2020

• 09 January 2020

The level of uncertainty and anxiety among upstream producers and supply chain has rarely been higher. In 2020, decision-making will be more heavily influenced by sentiment surrounding the energy transition, political upheaval and trade disputes than in previous years. This adds to the ever-present risks of unexpected supply-demand imbalance, niche cost inflation or a global economic downturn. What are the biggest trends to watch in the upstream oil and gas business in 2020? Fraser McKay, head of upstream analysis at Wood Mackenzie, sees five key themes.

Webinar | The 2021 Future of Exploration survey

• 27 April 2021

This year sees the exploration sector in recovery mode as it begins to reposition for an energy transition world. We put our questions on the future of exploration to exploration leaders and professionals around the world. The sector had fought hard to win its way back to profitability before the crisis struck. Its disciplined approach of recent years looks set to remain even as prices recover. Exploration is increasingly playing a role in moves to a lower carbon future and geoscientists are at the forefront of some new energy businesses. We've analysed the data to discover the key challenges the industry is facing, which explorers stand out from the pack and the role of exploration in today’s energy company

Webinar | What opportunities and challenges will the US$37 billion global wind O&M market face?

• 30 March 2021

The global offshore and onshore wind operations and maintenance market will reach over US$37 billion in annual spend by 2029. In this webinar, you’ll hear Wood Mackenzie's Energy Transition experts discuss the opportunities and challenges that'll arise for the O&M market by 2029.

Carbon taxes and the upstream subsidy debate

• 27 April 2021

Carbon taxes and the upstream subsidy debate

Webinar | How Industrial Operators Can Reduce Electricity Cost and Improve Sustainability with Energy Storage as a Service

• 16 June 2021

This webinar explores how Commercial and Industrial operators can take advantage of the Energy Storage as a Service model.

Webinar | The Top 5 EV Automakers' Race to Electrification

• 14 July 2021

Join us on July 14th as Prachi Mehta, Senior Analyst for Wood Mackenzie’s EV service dives deeper into the WoodMac projected Top 5 EV automakers and their race to electrification.

Global O&M Trends & Impacts on Solar Operating Fleets

• 01 September 2021

Join Wood Mackenzie and kWh Analytics on September 1st at 08:30 PST / 11:30 EST / 16:30 BST as we explore the factors that give rise to cost escalation risk and PV plant performance degradation, as well as explore potential solutions to combat these problems.

Webinar | Wind and solar projects: Protect your rights & improve profits with AI-powered document understanding

• 15 December 2021

Join ThoughtTrace and Wood Mackenzie to hear us discuss how to uncover critical information in your land development option and financing agreements to better protect your rights and investment.

Webinar | Next generation PV: Utilizing ultra high power modules

• 19 May 2022

The world is committed to carbon neutrality and building a new power system with the energy transition that is underway. The global PV industry has entered its fastest-growing period by leaps and bounds. As for PV field, only a lower LCOE and higher value can accelerate the replacement of fossil energy such as coal and crude oil, and promote the realization of the "dual carbon" goals.

Webinar | European Power: Navigating the energy crisis

• 01 November 2022

As Europe's energy crisis escalates, high power prices drive short-term actions to ease the burden on consumers while policy markers consider enduring, structural change in markets. The evolving background is very uncertain, making the dynamics of power markets challenging to navigate – how will these conditions shape power's ability to meet the challenges of the continuing energy transition?

EV charging energy management for workplaces, businesses and fleets

• 12 April 2023

PowerFlex joins Wood Mackenzie on this webinar replay to discuss important energy management tools and strategies for installing and operating EV charging solutions onsite.

Global renewable energy: market predictions for 2024

• 07 February 2024

Join Wood Mackenzie's wind, solar, and storage industry experts on February 7th, for an interactive webinar discussing the key opportunities and challenges that face the global renewable energy industry in 2024.

Route to Net Zero

• 16 August 2023

It’s a watershed moment for the North Sea. Join our upcoming webinar as we cover upstream, ccus and hydrogen in the North Sea

Innovation at the speed of Lightsource BP

• 17 August 2023

Watch the webinar replay featuring Thomson Reuters and Lightsource BP.

Discussing the BESS operational techno-economic evaluation cycle

• 24 October 2023

Watch the replay of our webinar with DNV.

Webinar | Solar on sale: Is now the best time to buy solar products or will prices keep dropping?

• 29 August 2024

Webinar | Scope for improvement: Why oil & gas needs to address scope 3 emissions

• 14 November 2024

Webinar | Europe Upstream Outlook 2025

• 27 February 2025

Join us on the 27th February as we discuss the outlook for Europe Upstream oil and gas