• News Release

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

  • 31 三月 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.

• News Release

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

  • 20 五月 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

  Santos announces Barossa project FID

  • 30 三月 2021

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

• Comment

  Australia's pathway to net-zero emissions by 2050

  • 20 四月 2021

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

• News Release

  OPEC agrees 1.5m b/d output cut as coronavirus eats into global demand

  • 05 三月 2020

  The OPEC oil producers' group and its non-OPEC allies are poised to deepen its production cuts by 1.5 million barrels per day as the coronavirus (Covid-19) outbreak eats into global oil demand.

• Comment

  New CEO Looney rings changes at BP with ambitious climate plan

  • 12 二月 2020

  Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

• News Release

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

  • 17 十一月 2020

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

• News Release

  Scrap metals to remain underutilised despite availability and rising demand

  • 26 十一月 2020

  Scrap metals demand growth is expected to outpace primary metals over the next two decades. However, it will remain underutilised compared to its overall availability, says Wood Mackenzie.

• News Release

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

  • 09 十二月 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 十二月 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

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

  • 19 十月 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."

• Comment

  South Korea announces carbon neutrality pledge

  • 29 十月 2020

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

• News Release

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

  • 04 三月 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

  Myanmar coup and impact on oil and gas industry

  • 04 二月 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

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

  • 09 三月 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 三月 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.

• Comment

  Qatar Petroleum takes FID on North Field East

  • 09 二月 2021

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

• News Release

  Major energy exporters race to lead in global hydrogen trade

  • 28 十月 2021

  The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.

• News Release

  Oil and gas companies must be bold as energy transition sets tone for 2022

  • 09 十二月 2021

  It’s set to be an action-packed year for Majors, Independents and national oil companies alike. Big choices will set strategic trajectories for the energy transition ahead. New research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK), indicates that oil and gas companies are likely to be bold in 2022. Formidable cash flow generation, increasing new energy opportunities and the development of a carbon market are a powerful force for change.

• News Release

  China’s copper industry cushioned from power crunch

  • 12 十一月 2021

  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.

• Comment

  OPEC+ shrugs off US pressure to announce 400,000 b/d output boost

  • 04 十一月 2021

  Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “After unusual pressure from the US administration to lift its production, OPEC+ announced it is boosting output by 400,000 barrels per day (b/d) for December, in line with its 18 July 2021 agreement. This will be seen as disappointing by the US, which is asking for an extra increase closer to 600,000 b/d. But as long as OPEC+ actually boosts its output by 400,000 b/d, the US has indicated it will accept the outcome."

• Comment

  US to release crude oil from strategic petroleum reserve

  • 25 十一月 2021

  On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).

• Comment

  Wood Mackenzie weighs in on COP26 key takeaways

  • 15 十一月 2021

  Following the conclusion of the COP26 on November 13, Wood Mackenzie experts weigh in on the key developments of the conference.

• News Release

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

  • 29 六月 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

  Is CCS the upstream sector’s silver bullet?

  • 11 八月 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 八月 2021

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

• News Release

  Small modular nuclear reactors could be key to meeting Paris Agreement targets

  • 24 八月 2021

  Small modular nuclear reactors (SMR) could play a crucial role in meeting Paris Agreement targets, says Wood Mackenzie.

• News Release

  Corporate renewable PPAs playing bigger role in decarbonising Asia Pacific

  • 18 八月 2021

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

• Comment

  Controlling emissions could have short-term negative impact on Chinese economy

  • 08 九月 2021

  China’s efforts to control carbon emissions could have a negative impact on its economic growth in the short term, says Wood Mackenzie.

• News Release

  CCS could have material impact on carbon emissions of LNG projects

  • 25 八月 2021

  The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of overall carbon emissions could be removed, says Wood Mackenzie,