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In 2022, record high prices forced many European and Asian companies to switch from gas to alternative cheaper fuels, or reduce output. The market will seek a new balance this year
What does 2021 have in store for European power markets? We look at the mammoth 45 GW of capacity in the renewables auction pipeline, and four other key themes to watch, from the European Green Deal to the return of power demand.
The EU is getting tougher on non-recycled plastic packaging waste. Will the new plastics levy lead to more sustainable solutions? And could the flexible packaging sector lose its relative cost advantage?
At present, China accounts for almost 75% of global lithium-ion battery manufacturing capacity and this share is set to increase through the short term with its build-out of new facilities.
In March the UK’s government and oil and gas sector agreed a new deal that aims to leverage upstream industry capabilities and accelerate the energy transition. But are its targets achievable – and indeed, do they go far enough?
This report analyses our 10-year onshore wind outlook for Southern Europe. It explores the main drivers and barriers impacting capacity additions through 2034, offering clients a deep understanding of the regional landscape. Over 60 slides support a comprehensive examination of power sector dynamics, energy policies, renewables targets and the wind project pipeline across markets.
Utgard (originally known as Alfa Sentral) is a gas and condensate field, straddling the UK and Norway boundary. Equinor operates the field, which is located to the west of the Sleipner fields in Norway, and to the east of the T-Block fields in the UK. A unitisation agreement between the Norwegian and UK partners was reached in 2016. The Norwegian share of total reserves is 62%. The Plan for…
Analysing the potential of Rosebank and Cambo fields as part of the UK’s development of oil and gas resources in the North Sea.
Upstream will play a crucial role in developing clean energy. Policy needs to support this, as well as foster a favourable environment for decarbonisation technologies.
From ambitious renewables targets to accelerated coal phase-out and a power market overhaul, Germany's new new governing coalition looks intent on reinvigorating the Energiewende.
The Carbon Border Adjustment Mechanism has big implications for international trade patterns
Europe must find a way to navigate high raw materials costs while rapidly scaling up solar deployment.
Fiscal changes, energy security pressures and cost inflation risks collide for Europe’s upstream oil and gas sector.
A diverse grid-scale market is evolving and maturing rapidly, with key players increasingly dominant
This year will be one of contradictions in European power and renewables markets.
On-demand insights into the factors behind supply and demand fundamentals across European power markets.
Meet our team at this year's Enlit Europe 2023, taking place in Paris, France | 28-30 November
Dive into the high-stakes world of energy policy and its role in the US-China AI race, featuring insights from top experts at the ACORE Finance Forum in New York
Ed discusses the crucial theme of financing the energy transition. Hear from experts at Reactivate, Citi and more as they share their insights into addressing the financial challenges and opportunities presented by the energy transition.
Recorded live from the Distributech 2024 conference, Ed Crooks is joined by industry leaders to discuss the role of AI within the renewable energy marketplace.
Host Ed Crooks is joined by regular contributor Amy Myers Jaffe from the Climate Policy Lab at Tufts University, and a new voice on the Energy Gang, Vicky Bailey, founder of Anderson Stratton Enterprises.
Ed Crooks is joined by Emily Chasan and Joshua Rhodes to discuss the Texas Blackouts and how to avoid it happening again, the situation in Eastern Europe and how the current conflict affects the net-zero pledges made at COP26.
Wood Mackenzie’s research indicates that UK North Sea oil and gas producers are making more profits than ever before, in an era where the industry is in progressive decline.
High commodity prices and Russia's invasion of Ukraine have called into question the UK’s reliance on energy imports. In response, the UK government is set to unveil a new ‘energy security strategy’.
European gas prices remain volatile amid the risks of disruptions of Russian piped imports. As additional sanctions against Russia are under discussion, a complete halt of Russian piped imports into the EU remains a risk. But Europe is in a better position to cope without Russian piped gas now than it was a few months ago, analysts from Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said.
Sweden has shown it has potential to become a pioneer in green steel production, says Wood Mackenzie.
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.
Join our upcoming webinar on the 29th February, focusing on the 2024 outlook for North Sea oil and gas.
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.
The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7% or 3 million tonnes (Mt) year-on-year, says Wood Mackenzie.
Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, but room for manoeuvre is limited. Can companies cope with prices this low?
It will be a noteworthy year for the North Sea – companies will increase production for the first time since 2017 and the outlook for both exploration and investment is looking healthy. The region will remain a global hotspot for deals as the corporate landscape continues to evolve. Crucially, the North Sea will also see major steps towards decarbonisation.
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