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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.
Comment
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.
3109 related products from the Store that match
- Market Report
  Middle East utility-scale energy storage pricing report 2025
  - 21 August 2025
  This report analyses the cost of utility-scale lithium-ion battery energy storage systems (BESS) within the Middle East utility-scale energy storage segment, providing a 10-year price forecast by both system and component. Lithium iron phosphate (LFP) batteries are the focus of the report, reflecting the stationary BESS market’s movement away from nickel manganese cobalt (NMC) chemistries. This is…
- Insight
  At what price is LNG affordable in Asia?
  - 18 August 2025
  With global LNG supply set to grow 40% by 2030, lower spot LNG prices will kick start a new phase of LNG demand growth across Asia. Affordability has often been a constraint for gas and LNG demand growth, particularly in the power sector, where regulated electricity tariffs remain below import costs across many Asian developing markets, making subsidies critical for LNG imports. Could lower spot…
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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.
News Release
China’s green ambitions can complement energy security and economic goals
- 18 March 2021
Wood Mackenzie’s latest report reveals that China’s march towards carbon neutrality by 2060 can complement both energy security and economic goals.
News Release
IMO 2030 carbon intensity target can be achieved with adoption of amendments
- 26 February 2021
Wood Mackenzie’s latest report reveals that the International Maritime Organization’s (IMO) 2030 carbon intensity target can be achieved with the adoption of the Energy Efficiency Design Index (EEDI) and Energy Efficiency Design Index for existing ships (EEXI) amendments at the Marine Environment Protection Committee (MEPC) 76 in June this year.
News Release
OPEC+, Covid-19 and energy transition – 3 themes impacting oil markets and refining in 2021
- 28 January 2021
Wood Mackenzie’s latest outlook report shows that the art of balancing oil markets and the refining sector in 2021 hinges upon three key themes – OPEC+ production, Covid-19 developments, and the energy transition.
News Release
Solar power now cheapest way to add electricity in many markets - and getting cheaper
- 21 January 2021
The cost of solar power has dropped 90% over the last two decades, and will likely fall another 15% to 25% in the decade to come, says Wood Mackenzie. By 2030, solar will become the cheapest source of new power in every US state, plus Canada, China, and 14 other nations.
Comment
All eyes on OPEC meeting as group mulls easing of production restraint
- 01 December 2020
OPEC held its scheduled bi-annual meeting virtually on 30 November 2020. Though the group was unable to reach an agreement at that meeting, up for discussion is whether the production restraint would be eased starting 1 January 2021.
News Release
Asia Pacific upstream transactions plunge to lowest this century
- 19 November 2020
Wood Mackenzie’s latest analysis shows 2020 is on track to be the quietest year for upstream transactions in the Asia Pacific region since the beginning of the 21st century.
News Release
2-degree pathway could cut upstream gas investments by 65%
- 12 November 2020
A world on a 2-degree pathway could significantly reduce upstream gas investments by 65% through to 2040, says Wood Mackenzie.
News Release
Global energy storage capacity to grow at CAGR of 31% to 2030
- 30 September 2020
Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.
Comment
China pledges to be carbon-neutral by 2060
- 23 September 2020
On 22 September, China announced its ambition to be carbon-neutral by 2060. Wood Mackenzie experts weigh in on what this means.
News Release
UK can lead world in net zero energy technologies – but investment is critical
- 16 September 2020
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.
News Release
Global lithium-ion cell manufacturing capacity to quadruple to 1.3 TWh by 2030
- 11 August 2020
Wood Mackenzie’s latest report shows that global lithium-ion cell manufacturing capacity pipeline could rise fourfold to reach 1.3 terawatt-hour (TWh) in 2030 compared to 2019.
News Release
Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040
- 28 July 2020
According to a new report by Wood Mackenzie, oil products demand in Asia Pacific is expected to fall by 1.8 million barrels per day (b/d) year-on-year in 2020.
Comment
Chevron swoops on Noble in US$13bn deal
- 20 July 2020
Chevron is set to buy Noble Energy in a US$13 billion all-stock transaction, including US$5 billion in equity. This is the first large-scale corporate acquisition of this downturn.
Comment
Woodside takes impairment but is a US$80 carbon price the bigger news?
- 15 July 2020
Wood Mackenzie analysts delved deeper into implications of Woodside's announced US$80 carbon price.

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Search results: 2453

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

3109 related products from the Store that match

Middle East utility-scale energy storage pricing report 2025

At what price is LNG affordable in Asia?

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

China’s green ambitions can complement energy security and economic goals

IMO 2030 carbon intensity target can be achieved with adoption of amendments

OPEC+, Covid-19 and energy transition – 3 themes impacting oil markets and refining in 2021

Solar power now cheapest way to add electricity in many markets - and getting cheaper

All eyes on OPEC meeting as group mulls easing of production restraint

Asia Pacific upstream transactions plunge to lowest this century

2-degree pathway could cut upstream gas investments by 65%

Global energy storage capacity to grow at CAGR of 31% to 2030

China pledges to be carbon-neutral by 2060

UK can lead world in net zero energy technologies – but investment is critical

Global lithium-ion cell manufacturing capacity to quadruple to 1.3 TWh by 2030

Asia Pacific’s oil demand to fall in 2020 but could rise 25% by 2040

Chevron swoops on Noble in US$13bn deal

Woodside takes impairment but is a US$80 carbon price the bigger news?

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