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Oil demand faces downside risks; supply shortage not anticipated in 2022 with lots to watch out for

19 January 2022

Wood Mackenzie releases its Oil markets: 5 things to look for in 2022 report which discusses the uncertainties and issues impacting global demand, oil supply and refining markets this year.

News Release

Global gas and LNG – 6 trends to watch in 2022

13 January 2022

Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.

News Release

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

11 January 2022

Asia Pacific’s levelised cost of electricity (LCOE) for renewable power broke historical trends and rose in 2021 but still gained ground against fossil fuel power says Wood Mackenzie.

News Release

Global installed wind power capacity set to grow by 9% to 2030

15 December 2021

Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie.

News Release

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

13 December 2021

The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

News Release

Li-ion battery recycling not expected to take off before 2030

08 December 2021

Lithium-ion (Li-ion) battery recycling is not expected to take off before 2030, according to a new report by Wood Mackenzie.

News Release

The plastics industry must go under the knife for a more sustainable future

18 November 2021

Stemming the flow of plastics into the environment will need ‘more than a nip and tuck approach’ if the world is to reach peak plastic and meet the net zero challenge, says Wood Mackenzie.

News Release

Wood Mackenzie and Ball Corporation announce satellite data analytics collaboration

11 November 2021

Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BLL) announced today that they have formed a strategic agreement between the two organisations to accelerate the development of advanced analytics for energy markets.

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Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

25 October 2021

Minister for Trade and Industry Gan Kim Yong said today that Singapore plans to import around 30 per cent of its electricity from low-carbon sources by 2035.

News Release

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

08 October 2021

Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.

Comment

Upstream oil and gas: record cash flows and peak uncertainty

08 October 2021

Wood Mackenzie’s Global Energy Summit Upstream Focus Day has addressed some of the biggest issues facing the industry.

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

News Release

High carbon tax could erode up to 60% of Asia’s refining earnings

05 October 2021

A high carbon tax could erode up to 60% of Asia’s total refining earnings by 2027, says Wood Mackenzie, at the Global Energy Summit Focus Week.

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China pledges to end overseas coal investments

22 September 2021

President Xi Jinping announced that China will end coal investments overseas.

News Release

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

19 August 2021

– Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said in a report released today.

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Woodside confirms potential merger with BHP's petroleum business

16 August 2021

Woodside has confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business.

News Release

Steel sector emissions must fall 75% under 2°C scenario

10 August 2021

Carbon emissions in the steel sector must fall by 75% from today’s levels to limit global warming to within 2 degree Celsius (°C), says Wood Mackenzie.

Comment

China’s CATL launches sodium-ion battery

29 July 2021

China’s CATL unveiled its newly-developed sodium-ion battery at a launch event today.

Comment

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

27 July 2021

Last week, Japan’s Ministry of Economy, Trade and Industry (METI) released a draft of its upcoming 6th Strategic Energy Plan which included major changes to the FY2030 power generation mix targets.

Comment

ArcelorMittal to take green steel honours with Sestao plan

13 July 2021

European steelmaker ArcelorMittal today announced plans to become the world’s first steelmaker to produce fossil-free steel using virgin iron. ArcelorMittal, the world’s second largest steelmaker and Europe’s largest producer, plans to produce fossil-free steel via a process known as H-DRI-EAF.

News Release

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

08 July 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

Comment

Supply outlook tightens as OPEC+ prepares to meet

01 July 2021

As OPEC+ meets on 1 July, oil prices are supported by tightening oil market fundamentals for the second half of 2021. Global natural resources consultancy Wood Mackenzie forecasts total oil demand to rise 5.9 million barrels per day (b/d) year-on-year for 2021.

Comment

NEA Gas Forum - the future of gas is Asia and the prize is large

09 June 2021

Wood Mackenzie experts discussed key drivers of Asia Pacific gas markets at the Northeast Asia Gas Forum today.

News Release

Europe emerges as global LNG price-setter

27 May 2021

Global liquefied natural gas (LNG) markets were set to tighten over the next five years, driven by a slowdown in global LNG supply growth. But Europe’s market dynamics are turbo-charging the price recovery, with TTF currently trading close to US$9 per million British thermal units (/mmbtu), a level not seen since mid-2018. Following the recent winter spot price spike in Asia, the European market has been sustaining global LNG prices, making the region a battleground for global LNG price formation, new research from global natural resources consultancy Wood Mackenzie found.

News Release

OPEC+ maintains production plan

27 April 2021

OPEC+ is, as expected, holding firm to its decision to increase supply, gradually and carefully, over the coming months.

News Release

Will higher oil prices spell trouble for upstream discipline?

19 April 2021

In its rebound from the 2020 downturn, Brent flirted with US$70 per barrel. Higher prices in 2021 mean higher cash flow for producers, perhaps even record-setting highs. Have the good times returned? Global natural resources consultancy Wood Mackenzie believes operators need to be cautious.

News Release

Carbon neutrality goal forces Chinese aluminium smelters away from captive coal power

19 April 2021

China’s march towards carbon neutrality is forcing its aluminium smelters away from using captive coal-fired power, says Wood Mackenzie.

News Release

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

30 March 2021

Granular subsurface data is key to understanding advantaged resources

News Release

Global wind power installations hit record levels in 2020

29 March 2021

114 GW of new wind capacity was added globally in 2020, representing an 82% increase year-over-year (YoY), according to new research from Wood Mackenzie. This is the highest global annual installation total on record.

News Release

Chinese NEV and HEV sales to rise over 15-fold by 2035

23 March 2021

Sales of China’s new energy vehicles (NEV) and hybrid electric vehicles (HEV) combined are expected to rise 15-fold or more by 2035 with their share in total new car sales exceeding 80%, says Wood Mackenzie.

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Search results: 2458

Oil demand faces downside risks; supply shortage not anticipated in 2022 with lots to watch out for

Global gas and LNG – 6 trends to watch in 2022

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

Global installed wind power capacity set to grow by 9% to 2030

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

Li-ion battery recycling not expected to take off before 2030

The plastics industry must go under the knife for a more sustainable future

Wood Mackenzie and Ball Corporation announce satellite data analytics collaboration

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

Upstream oil and gas: record cash flows and peak uncertainty

Global energy storage set to triple in 2021

High carbon tax could erode up to 60% of Asia’s refining earnings

China pledges to end overseas coal investments

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

Woodside confirms potential merger with BHP's petroleum business

Steel sector emissions must fall 75% under 2°C scenario

China’s CATL launches sodium-ion battery

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

ArcelorMittal to take green steel honours with Sestao plan

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

Supply outlook tightens as OPEC+ prepares to meet

NEA Gas Forum - the future of gas is Asia and the prize is large

Europe emerges as global LNG price-setter

OPEC+ maintains production plan

Will higher oil prices spell trouble for upstream discipline?

Carbon neutrality goal forces Chinese aluminium smelters away from captive coal power

Wood Mackenzie’s new multi-factor analysis pin-points advantaged reservoirs

Global wind power installations hit record levels in 2020

Chinese NEV and HEV sales to rise over 15-fold by 2035

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