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Wood Mackenzie launches Lens Gas & LNG

15 November 2022

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.

News Release

Long-duration energy storage projects attract more than US $58 billion investment over last three years

07 December 2022

Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.

News Release

Veritas Capital completes acquisition of Wood Mackenzie

02 February 2023

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

News Release

Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

06 February 2023

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, today launched the Electric Vehicles and Battery Supply Chain Service (EVBSC) at the Mining Indaba 2023 conference in Cape Town, South Africa. The EVBSC is a new product that provides end-to-end detailed analysis and forecasts of the electric transportation value chain including quarterly long-term outlooks to 2050 and 10-year forecasts, and monthly short-term reports and data for EV, Li-ion battery and raw materials (lithium, nickel, cobalt, graphite and manganese) markets.

News Release

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

23 February 2023

The total global announced capacity for hydrogen projects reached 71.4 million tonnes per annum (Mtpa), but 2022 falls short of becoming a record year according to latest analysis from Wood Mackenzie.

News Release

Wood Mackenzie appoints new Chief Financial Officer

27 March 2023

Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

News Release

California dwarfs all other VPP markets in North America

29 March 2023

California dwarfs all virtual power plant (VPP) markets in North America, housing 24% of projects in the region, according to Wood Mackenzie’s ‘North America VPP market: H1 2023’ report.

News Release

Global wind energy to top 1 TW threshold by the end of 2023

11 April 2023

The global wind energy market will pass the one terawatt (TW) threshold for installed capacity by the end of 2023, according to the latest market outlook from Wood Mackenzie.

News Release

Oil and mining companies must adapt new strategies to deliver low-carbon transition

20 April 2023

As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

News Release

China’s solar exports booming, up 64% in 2022 despite global trade tensions

23 May 2023

China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.

News Release

Implications of OPEC+ meeting for H2 2023

07 June 2023

The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.

News Release

Floating rig utilization rebounds to pre-COVID levels

12 June 2023

Rig utilization has returned to pre-COVID levels, driving rates up 40 percent in the past year as demand is forecast to increase another 20 percent from 2024-2025, according to a recent report from Wood Mackenzie.

News Release

Should gas resource holders target LNG exports or blue ammonia?

15 June 2023

The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.

News Release

TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey

27 June 2023

French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey.

News Release

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

20 July 2023

Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

News Release

US$ 27 billion investment required to mobilise global offshore wind supply chain

17 August 2023

The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

FLNG sector thriving amid projects boom

31 August 2023

The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

H1 global wind turbine orders hit new high at 69.5 GW

31 August 2023

Global wind turbine order intake reached new highs in H1, with 69.5 gigawatts (GW) of activity, a 12 percent increase year-over-year, according to a new analysis from Wood Mackenzie.

News Release

Global wind power cumulative installed capacity to hit 2.38TW in 2032

20 September 2023

Increased activity in Western markets and Africa will drive a ten-year compound annual growth rate of 10.1% for grid-connected wind power, leading to 2.38 terawatts (TW) of cumulative installed capacity at the end of 2032, according to Wood Mackenzie.

News Release

Top 15 Global PV O&M firms commanded 115GWdc of monitored solar capacity in 2022

02 October 2023

The top 15 global PV O&M providers expanded their overall portfolio for a total volume of 115 gigawatts direct current (GWdc) in 2022, an annualized growth of 13%, according to Wood Mackenzie.

News Release

Global energy storage integrator market grows increasingly competitive in 2022

30 October 2023

The global Battery Energy Storage Systems integrator market has grown increasingly competitive in 2022, with the top five global system integrators accounting for 62% of overall BESS shipments.

News Release

China to hold over 80% of global solar manufacturing capacity from 2023-26

07 November 2023

After investing over US$130 billion into the solar industry in 2023, China will hold more than 80% of the world’s polysilicon, wafer, cell, and module manufacturing capacity from 2023 to 2026.

News Release

Oil & gas Majors share just 8% of global low-carbon hydrogen capacity

06 December 2023

Oil and gas Majors have just an 8% market share of announced global net low-carbon hydrogen production capacity, which equates to 102.6 million tonnes per annum (Mtpa), according to latest analysis from Wood Mackenzie. The Majors are focused on getting small-scale projects operational before 2030 to pave the way for industrial scale-up next decade.

News Release

Key things to watch in upstream in 2024

11 January 2024

Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

News Release

Long-term pause in new US LNG investment could transform market

31 January 2024

Addressing President Joe Biden’s Executive Order to temporarily pause the approval of new US LNG export projects right to export to countries that the US does not have a Free Trade Agreement (FTA) with (non-FTA), Giles Farrer, head of gas and LNG asset research at Wood Mackenzie said, “the decision will not affect our forecast for US LNG exports out to 2028, but after that it could affect the trajectory and pace of the sector’s growth and have potential to tighten the market in the long run.”

News Release

Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

01 February 2024

Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in 2030, the shift to a 12 million b/d target from 13 million b/d should be absorbed in the market and not cause a tightening in the supply and demand balance this decade.”

News Release

Chinese OEMs sweep the global wind podium for the first time

14 March 2025

Wood Mackenzie's latest report on global wind turbine original equipment manufacturers (OEMs) reveals that Chinese companies dominated the market in 2024, with Goldwind, Envision, and MingYang securing the top three positions globally for the first time. Key findings: • Goldwind maintained its lead for the third consecutive year, installing 20 GW – a more than 20% increase on 2023 and more than 60% increase on 2022. • Five OEMs installed double-digit GW for the first time, with Chinese manufacturers benefiting from robust domestic demand and Vestas dominating markets outside China. • The Chinese market grew by almost 12% year-over-year to a record more than 80 GW, accounting for more than 60% of annual connected capacity globally. • Installations outside China declined by 9% year-over-year, impacting Western OEMs.

News Release

A delayed energy transition could make or break the upstream sector

16 January 2025

As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil & gas supply. But meeting this demand would require a significant increase in upstream investment, resulting in higher hydrocarbon prices and significant shifts in corporate strategy, according to the latest Horizons report from Wood Mackenzie.

News Release

Wood Mackenzie appoints new Chief Financial Officer

06 January 2025

Wood Mackenzie, Inc., the leading global data and analytics business empowering the energy transition, has appointed Garet Guthrie as Chief Financial Officer (CFO), effective January 6, 2025. Mr. Guthrie succeeds Simon Crowe, who is stepping down to pursue other opportunities. Mr. Crowe will work with Mr. Guthrie to transition over responsibilities over the next few weeks

News Release

High-impact oil and gas exploration could cut global scope 1 and 2 emissions by 6% in 2030

21 November 2024

Investment in oil and gas exploration has plummeted two-thirds in the last decade, but the industry still has a critical role to play in decarbonisation efforts and providing advantaged barrels in the energy transition, according to the latest Horizons report from Wood Mackenzie.

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Search results: 2501

Wood Mackenzie launches Lens Gas & LNG

Long-duration energy storage projects attract more than US $58 billion investment over last three years

Veritas Capital completes acquisition of Wood Mackenzie

Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

Wood Mackenzie appoints new Chief Financial Officer

California dwarfs all other VPP markets in North America

Global wind energy to top 1 TW threshold by the end of 2023

Oil and mining companies must adapt new strategies to deliver low-carbon transition

China’s solar exports booming, up 64% in 2022 despite global trade tensions

Implications of OPEC+ meeting for H2 2023

Floating rig utilization rebounds to pre-COVID levels

Should gas resource holders target LNG exports or blue ammonia?

TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

US$ 27 billion investment required to mobilise global offshore wind supply chain

FLNG sector thriving amid projects boom

H1 global wind turbine orders hit new high at 69.5 GW

Global wind power cumulative installed capacity to hit 2.38TW in 2032

Top 15 Global PV O&M firms commanded 115GWdc of monitored solar capacity in 2022

Global energy storage integrator market grows increasingly competitive in 2022

China to hold over 80% of global solar manufacturing capacity from 2023-26

Oil & gas Majors share just 8% of global low-carbon hydrogen capacity

Key things to watch in upstream in 2024

Long-term pause in new US LNG investment could transform market

Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

Chinese OEMs sweep the global wind podium for the first time

A delayed energy transition could make or break the upstream sector

Wood Mackenzie appoints new Chief Financial Officer

High-impact oil and gas exploration could cut global scope 1 and 2 emissions by 6% in 2030

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