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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.
Following PM Scott Morrison's win in the recent 2019 Australia election, Wood Mackenzie and Verisk Maplecroft analysts share their thoughts.
Wood Mackenzie's Gavin Thompson provides a commentary on the US-China Phase One trade deal
Wood Mackenzie today delivered a comprehensive roadmap for the North Sea’s future to the OGTC, setting out the critical technologies needed to deliver an integrated net zero energy system on the UK Continental Shelf (UKCS), positioning the UK as a world-leader in the move to a low carbon world.
Shell and Nigeria go back a long way – but net zero plans are leading to a clean break from Niger Delta JV assets.
The Lower Congo Basin is one of a series of prolific oil and gas producing basins along Africa’s Atlantic south conjugate margin. Despite its long exploration history, significant prospective resource exists, particularly within the deepwater Tertiary turbidites. Smaller volumes remain in the Cretaceous carbonate play within the shelf environment, where explorers can benefit from lower costs and…
The Ham Rong, Yen Tu and Thai Binh discoveries are located in the Song Hong Basin, offshore northern Vietnam. The fields consist of oil and gas held within Miocene and carbonate basement reservoirs. In August 2010, operator Petronas Carigali declared the Ham Rong oil field commercial. In June 2013, Petronas Carigali gained approval from the Vietnamese government for an early production system…
Have we passed 'peak growth' for tight oil? What are the implications of slowing growth for the crude market? And how will pipeline owners adapt their strategies? Find out in this week's Edge.
Standout oil well performance in New Mexico, Saudi Aramco confirms its new dividend plan, the EU backs CCUS projects, the latest on superconductivity hopes, and more
From exploration in the deepwater Atlantic margin to LNG momentum and licensing rounds, a look at key themes this year.
The energy transition strategies of most NOCs lag the Majors. High prices and rising intergovernmental pressure create a golden opportunity to switch gears.
Carbon emissions intensities for natural gas projects can differ drastically – we analyse the many variables at play.
Commercial structures are evolving as the second wave takes shape, changing the balance of risk and reward for project developers, suppliers and offtakers.
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.
US shale independents have made the most of the rapid growth of unconventional oil and gas this century. A handful are now among the biggest single play producers in the world.
India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.
The oil market is in a state of flux. Prices have fallen dramatically, and demand has taken a hit as measures are introduced across the globe to combat the spread of coronavirus. Saudi Arabia and Russia’s competition for market share has only exacerbated weak demand.
Much has been discussed on the implications of the Glasgow Climate Pact for the global economy and energy markets. And while measurable progress has been made in each field, there is no denying much work remains to be done.
Rising gasoline prices have become an economic problem for the US, adding to concerns about inflation, and a political problem for President Joe Biden. The administration has been trying different ways to bring them down, without much success.
India's national oil company ONGC has just unveiled its 2040 strategy. Get our latest analysis.
Inside look at how solar industry leaders are navigating policy chaos while demand for clean energy soars to unprecedented levels
Continental Resources has entered the Permian Basin by buying Pioneer Natural Resources’ Delaware Basin assets for US$3.25 billion in cash.
In this episode of our Asia-Pacific energy podcast, we discuss this weekend's OPEC agreement.
Is geothermal tech on the brink of a breakthrough? Explore the potential of next-gen geothermal in The Edge's latest article.
India is under a three-week lockdown from 25 March to contain the spread of the coronavirus outbreak. Wood Mackenzie analysts discuss what this means for the power, coal, gas and LNG, and oil products sectors.
Energy markets are in the midst of profound change – we're getting used to that. But what big, identifiable key risks might lurk in the shadows in the next 12 months that could make us change our view for 2020 and beyond? Here are five.
Wood Mackenzie analysts delved deeper into implications of Woodside's announced US$80 carbon price.
Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin.
The oil and gas industry faces a cautious yet ambitious 2025
In this edition of Horizons, we explore how the Trump administration has put US “energy dominance” at the top of its agenda alongside tariffs and international trade.
The crisis caused by Russia’s invasion of Ukraine is the most significant shock to world energy markets since the 1970s. Read more.
The commodity price upcycle provides a golden opportunity to accelerate emissions reduction. Read more....
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