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Corporate renewable PPAs playing bigger role in decarbonising Asia Pacific

18 August 2021

Corporate renewable power purchase agreements (PPA) are starting to play a bigger role in Asia Pacific’s decarbonisation efforts, says Wood Mackenzie.

News Release

Is CCS the upstream sector’s silver bullet?

11 August 2021

We may only be halfway through 2021, but it is already shaping up to be a breakthrough year for carbon capture and sequestration (CCS) to emerge as a viable tool for upstream companies to decarbonise operations. Although the concept has been around for decades, CCS is moving into the mainstream. All the industry’s largest companies now plan to use sequestration to help them reach their decarbonisation targets.

Comment

Latest IPCC climate report calls for reaching net zero emissions earlier than 2050

10 August 2021

Wood Mackenzie Asia Pacific Head of Markets and Transitions Prakash Sharma responds to the recently released IPCC report.

News Release

Royalties reform could dampen investors’ appetite for Chile’s copper sector

29 June 2021

Proposed changes to Chile’s mining royalty regime will not have a drastic impact on the country’s production landscape in the near-term. However, analysis from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq:VRSK), indicates there is clear risk the amendments could compromise continued appetite to make large-scale, long-term investments in Chile’s copper sector.

News Release

Carbon removal key to meeting Paris Agreement target

24 June 2021

Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

News Release

Long-term LNG set to remain a buyers’ market

15 June 2021

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.

News Release

TotalEnergies named industry’s most-admired explorer

31 May 2021

For the second consecutive year, French major TotalEnergies has been named the upstream industry’s most-admired explorer, an accolade awarded as part of with Wood Mackenzie’s industry-leading annual Exploration Survey.

News Release

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

20 May 2021

The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

Comment

Australia's pathway to net-zero emissions by 2050

20 April 2021

On 19 April, Australian PM Scott Morrison's commented on the country's road to net-zero emissions.

News Release

Action to achieve Paris climate goals will upend oil and gas prices

15 April 2021

If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

News Release

Carbon pricing plans ‘could transform upstream oil and gas economics’

31 March 2021

At present, few countries require producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But as governments seek to meet decarbonisation targets, that could soon change. Carbon charges are likely to come, and they will transform the upstream sector, affecting both asset values and the industry’s economics.

Comment

Santos announces Barossa project FID

30 March 2021

Santos has sanctioned the Barossa project, which extends the life of Darwin LNG (DLNG) beyond 2040.

News Release

Global offshore wind O&M market to grow 16% annually to US$12 billion by 2029

09 March 2021

Wood Mackenzie’s latest report shows that the global offshore wind operations and maintenance (O&M) market is expected to grow 16% annually to reach US$12 billion (€10 billion) by 2029.

Comment

OPEC+ surprises market as it extends output curbs

04 March 2021

OPEC+ took the market by surprise when it decided to roll over its quota, saying that rather than anticipate a demand recovery, the group would wait to see it actually recover. The market was expecting a substantial increase in production because a tightening in the supply and demand balance is already evident.

News Release

Significant increase in carbon pricing is key in 1.5-degree world

04 March 2021

Wood Mackenzie’s latest scenario report reveals that a significant increase in carbon pricing is needed to achieve the goals of limiting the rise in global temperatures to within 1.5 degrees Celsius.

Comment

Qatar Petroleum takes FID on North Field East

09 February 2021

Qatar Petroleum announced that it has taken final investment decision (FID) on the North Field East project.

Comment

Myanmar coup and impact on oil and gas industry

04 February 2021

Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.

News Release

Resilience and sustainability to be core oil and gas themes of 2021

19 January 2021

Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.

News Release

Future of gas in energy transition to be defined in 2021

14 January 2021

2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.

Comment

China’s trucked LNG spot prices hit three-year high

12 January 2021

Spot prices of trucked LNG in China were highly volatile last month.

News Release

Over three quarters of new LNG supply could be impacted in 2-degree world

09 December 2020

Wood Mackenzie’s latest report shows that over three quarters or 77% of new LNG supply are at risk under a 2-degree scenario.

Comment

OPEC+ agrees to increase output after tense negotiations

07 December 2020

Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d.

News Release

Consolidation to become major theme in E&P’s transition

17 November 2020

Consolidation among the Independents will accelerate in the face of energy transition, says Wood Mackenzie.

Comment

South Korea announces carbon neutrality pledge

29 October 2020

South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.

News Release

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

19 October 2020

Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in scale, ConocoPhillips is adding enough Permian production to nip at the heels of ExxonMobil’s massive programme."

News Release

China’s gas power plants bleed under pressure from lower tariffs and trade war

15 September 2020

China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.

News Release

Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

07 September 2020

Wood Mackenzie’s latest report shows that the North West Shelf (NWS) LNG project could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity.

News Release

Global regas capacity under construction hits 10-year high at 144 mmtpa

02 September 2020

Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.

News Release

Total named industry’s most-admired explorer in WoodMac survey

06 July 2020

French major Total has been named the upstream industry’s most-admired explorer, an accolade awarded in conjunction with Wood Mackenzie’s industry-leading annual Exploration Survey.

Comment

Shell's US$22bn write down 'signals fundamental change'

30 June 2020

Royal Dutch Shell said on 20 June it would write off assets worth up to $22 billion on the back of weakening oil and gas demand due to the coronavirus pandemic and a weaker energy price outlook.

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Search results: 2501

Corporate renewable PPAs playing bigger role in decarbonising Asia Pacific

Is CCS the upstream sector’s silver bullet?

Latest IPCC climate report calls for reaching net zero emissions earlier than 2050

Royalties reform could dampen investors’ appetite for Chile’s copper sector

Carbon removal key to meeting Paris Agreement target

Long-term LNG set to remain a buyers’ market

TotalEnergies named industry’s most-admired explorer

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

Australia's pathway to net-zero emissions by 2050

Action to achieve Paris climate goals will upend oil and gas prices

Carbon pricing plans ‘could transform upstream oil and gas economics’

Santos announces Barossa project FID

Global offshore wind O&M market to grow 16% annually to US$12 billion by 2029

OPEC+ surprises market as it extends output curbs

Significant increase in carbon pricing is key in 1.5-degree world

Qatar Petroleum takes FID on North Field East

Myanmar coup and impact on oil and gas industry

Resilience and sustainability to be core oil and gas themes of 2021

Future of gas in energy transition to be defined in 2021

China’s trucked LNG spot prices hit three-year high

Over three quarters of new LNG supply could be impacted in 2-degree world

OPEC+ agrees to increase output after tense negotiations

Consolidation to become major theme in E&P’s transition

South Korea announces carbon neutrality pledge

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

China’s gas power plants bleed under pressure from lower tariffs and trade war

Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

Global regas capacity under construction hits 10-year high at 144 mmtpa

Total named industry’s most-admired explorer in WoodMac survey

Shell's US$22bn write down 'signals fundamental change'

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