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Another supercycle is coming. Anticipation of future demand growth has generated palpable excitement, driving commodity prices to post-pandemic highs.
Steel industry’s carbon emissions is expected to fall 30% by 2050 compared to 2021 levels, according to a new report by Wood Mackenzie.
Wood Mackenzie’s latest report shows that compared to other base metals, China’s copper market appears to be better cushioned from the country’s power crunch.
The liquefied natural gas (LNG) long term contract market and LNG spot market are travelling in opposite directions. The long-term buyers’ market is only likely to end when it becomes clear that demand will outstrip new supply available from Qatar and Russia, global energy consultancy Wood Mackenzie said.
Wood Mackenzie’s Asia Pacific upstream 2021 outlook report shows that the development of regional decarbonisation roadmaps is crucial to the future of the upstream industry.
Welcome to the Subsurface and Licensing in brief. The report provides rolling coverage of events, combined with data, analysis and opinion from our Subsurface experts. We cover industry news spanning prospective and discovered resources, licensing and breakthrough technologies. You can bookmark this report for regular updates.
The North Sabah PSC was awarded in November 1996. It took effect retrospectively from 1 January 1996, replacing the expired 1976 Sabah Shell PSC. The revised contract covered four offshore producing oil fields located along the coast of Sabah. Oil is transported via a series of pipelines to a terminal on Labuan Island.
South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.
India is expected to overtake China as the world’s largest liquefied petroleum gas (LPG) residential sector market by 2030.
Wood Mackenzie’s latest report shows that the power generation sector in Asia Pacific could attract US$1.5 trillion worth of investments over the decade ending 2030.
Using renewable energy to power liquefied natural gas (LNG) plants in Asia Pacific could reduce emissions by about 8%, says Wood Mackenzie.
China’s purified terephthalic acid (PTA) producers have been using the futures market to price PTA in the spot market, hedge against risks and manage inventory. This has allowed many to stay profitable, despite market uncertainty and disruption brought by the coronavirus pandemic, says Wood Mackenzie.
The government of PNG has called-off negotiations on the development of the ExxonMobil-operated P’nyang gas field.
New research from global natural resources consultancy Wood Mackenzie indicates Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027.
Looking at behind-the-meter, Australia was the biggest residential storage market in the world in 2017, with a tripling of residential storage deployments over the previous year. High retail electricity rates and diminishing or expiring feed-in tariffs have encouraged residential solar customers to choose storage for self-consumption benefits. As a result, over the past few years, Australia has been the preferred testbed for new residential energy storage products, as several technology vendors have first introduced their residential product portfolios in the country.
Europe and Asia hit hardest in the global ethylene downcycle
Our experts unpack the 5 key trends shaping Asia’s oil and refining markets in 2025 and what to expect in 2026
Commodity markets are suffering from the impact of China's current economic difficulties on domestic energy demand. China’s government has just responded with an ambitious stimulus package aimed at shoring up its faltering manufacturing sector and boosting weak consumer confidence.
The US and EU have slapped big tariff increases on Chinese EVs, responding to the threat of China flooding those regions with low-cost electric vehicles. Restricting EV and battery imports not only threatens the pace of road transport decarbonisation, but higher tariffs could also negatively impact domestic automakers.
Asia’s gas markets must evolve to unlock their growth potential
Gas prices have hit record levels in Europe and Asia surging ten-fold in a year.
China’s net-zero ambitions are a significant boost to global efforts to tackle climate change. Will the push to decarbonise transform China's economy? What does it mean for its energy markets and the supply chains? And is China well placed to capitalise on low-carbon technologies?
The future of light vehicles is electric; in time, perhaps autonomous. But the disruption won’t be quick, and the rise of the EV won’t be linear. Get our analysis here.
What will US tight oil growth do to crude markets? The build-up in volumes early this decade led to a supply glut that undermined prices in 2014.
Visiting Asia this month was an opportunity to gauge how oil and gas companies there are faring.
Join us for our 'Wood Mackenzie in partnership with The Korea Gas Union – Impact of sanctions and conflict on the global gas and LNG outlook?" webinar when we will discuss the latest research and developments in the region
Live from COP29, Ed Crooks talks to top experts about US policy changes, carbon tariffs and why the best energy is the energy we don’t use.
Ed Crooks is joined by Melissa Lott and Amy Myers-Jaffe, as they discuss the economic vision behind Bidenomics and how it aims to turn the climate crisis into an opportunity for job creation and cost reduction.
China’s clean energy push is evolving - from breakneck growth to smarter, high-quality renewables leadership. Here’s what the world’s top renewables investor is doing next
Gain reliable data reports & insights based on historic and proprietary data to optimise trades and investment opportunities.
Understand China's gas and power market, support investment decisions and create effective strategies.
Although Asian upstream players have been absent over the last 12 months, we believe this might be set to change.
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