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Majors start shaping strategies to capture a piece of the renewables action

26 September 2017

Renewable energy sources are set to radically reshape global energy markets. For the Majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios.

News Release

The Australian energy crisis highlights the need for new gas supply

29 August 2022

With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

News Release

Oil market uncertainty could significantly affect prices

24 February 2025

Wood Mackenzie projects that Brent crude oil prices will average $73.00 per barrel (bbl) in 2025, according to its latest market outlook. The forecast considers various geopolitical and economic factors, including potential peace talks between Russia and the US regarding the Ukraine conflict, ongoing tariffs, and sanctions against Iran.

News Release

Natural gas remains the crucial bridge in the energy transition, yet challenges persist

20 February 2025

Natural gas will play a vital role in the energy transition, supporting the expansion of renewables and accelerating the shift away from coal, according to the latest Horizons report from Wood Mackenzie. The report, titled "The bridge: Natural gas's crucial role as a transitional energy source," emphasizes that while the world is increasingly turning to renewable energy, natural gas remains fundamental to meeting global energy needs and reducing emissions in the medium term.

News Release

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

16 September 2024

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

News Release

US November election results could decelerate energy transition, with $1 trillion in energy investment on the line

16 May 2024

The Infrastructure Investment and Jobs Act (IIJA) of 2021 and the Inflation Reduction Act (IRA) of 2022 catapulted the US to global leadership in decarbonisation. But a victory for former President Donald Trump in the November 2024 election, combined with long-standing issues around the US relationship with China and US government deficits, could significantly alter the path of US energy policy and usher in a delayed transition scenario, according to a new Horizons report from Wood Mackenzie.

News Release

Wood Mackenzie appoints new Chief Product & Technology Officer

02 July 2025

Wood Mackenzie, Inc., the leading global data and analytics business empowering the energy transition, has appointed Bernardo Rodriguez as Chief Product & Technology Officer, effective July 7, 2025.

News Release

European refiners may hold the key to scaling green hydrogen

21 August 2025

High costs have kept green hydrogen projects from taking off, but new regulations in the European Union's (EU) refining sector offers a solution to launching this carbon friendly technology at scale, according to a new Horizons report from Wood Mackenzie.

News Release

Global power demand surge puts net zero by 2050 out of reach as world heads toward 2.6°C warming

29 October 2025

Surging power demand and mounting geopolitical tensions have made 2050 net zero goals unattainable, with the world now on track for 2.6°C of global warming.

Editorial

How to thrive in the petrochemicals downturn

23 September 2019

The petrochemicals industry has been enjoying boom conditions. But after several years of strong margin generation, storm clouds are gathering.

Opinion

Trading houses’ risk appetite create more evolved LNG market

20 August 2019

The rising influence of four commodity trading houses is shaking up the global LNG market. Trafigura, Vitol, Glencore and Gunvor have played a part.

Case Study

Mitigating multi-billion dollar power disruption risks in the US

31 May 2019

How would the Western Interconnection region cope in both normal daily operations as well as various stress scenarios, and what would it take to push it over the edge? Wood Mackenzie was brought in to identify the risks and recommend options to mitigate these threats.

Horizons

Over the rainbow: why understanding full value chain carbon intensity is trumping the colour of hydrogen

15 February 2024

Dive into the hydrogen rainbow & explore carbon emissions insights focusing on colour to project-level carbon intensity for companies crafting strategies.

News Release

Non-OPEC decline rates to remain stable until 2020

27 September 2017

Through operational excellence programmes and smart spending, operators have managed to maximise production and improve efficiencies, bucking expectations of an increase in decline rates. In fact, non-OPEC decline rates have remained stable since 2015. A new report by Wood Mackenzie, Non-OPEC Decline Rates: Lower for Longer, looks at the factors influencing this stability, how long it can be maintained and the impact future shifting decline rates may have on the oil market.

Featured

Why Covid-19 is the ultimate energy transition stress test for refiners

20 July 2020

Covid-19 is a threat to global refiners. Who will thrive? Who will merely survive? And what does this tell us about refiners’ resilience and readiness to take on the energy transition?

News Release

Global energy storage set to triple in 2021

07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

Opinion

5 factors that will determine the economic impact of coronavirus

12 March 2020

Principal Economist Peter Martin’s 2000-word report “Global spread of Covid-19 derailing the world economy” examines the impact of coronavirus on the world economy. Get the highlights of Peter’s research here or purchase the full report for a more in-depth discussion.

News Release

Golden Pass crests second wave of US LNG

05 February 2019

ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.

Featured

Could Big Energy and miners join forces to deliver a faster transition?

23 May 2022

Could extractive companies co-invest or combine with oil and gas Majors to help unlock the energy transition?

Opinion

How close are we to the perfect battery?

26 May 2023

We are joined by Michael Mo, CEO of KULR. They combine battery safety with advancements in AI-powered data analytics to manage energy more efficiently.

Comment

BP sells petrochemicals business to INEOS in US$5bn deal

29 June 2020

Steve Jenkins, vice president of Wood Mackenzie’s petrochemicals team, comments on this morning’s announcement from BP that it is selling its petrochemicals business to INEOS in a US$5 billion deal.

Opinion

COP28: The Energy Gang on the ground at COP28: the summit so far | Podcast

04 December 2023

In the inaugural instalment of our on-the-ground coverage at COP28, Ed Crooks is joined by Amy Harder and Bill Spindle from Cipher to discuss the significant developments unfolding in Dubai.

Content

The big ban: global commodities in a post-Ukraine-war world

16 June 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. Read more.

Editorial

The ageing process: carbon emissions and asset maturity

22 February 2017

The carbon emissions targets set by the Paris Agreement look set to have far-reaching implications for long-term corporate strategies.

Opinion

Energy storage technology: three trends to watch

25 April 2023

Energy storage market dynamics are shaping the evolution of battery formats, components and production.

Editorial

Crisis in Ukraine: the global risks to commodities

25 February 2022

The invasion of Ukraine has had an immediate effect on the global economy and markets. What are the lasting implications for commodities?

Opinion

What ‘vehicle-to-everything’ electric vehicle pilots mean for the grid

23 June 2021

As rates of bus electrification continue to rise globally, fleet operators are looking to a novel solution to drive down costs and smooth the transition: vehicle-to-everything (V2X). What’s the potential of this technology, and what stands in the way of commercialisation?

News Release

Market searches for new Henry Hub ceiling price as supply/demand response remains unusually muted

22 April 2022

The recent run up in natural gas prices - hitting its highest at Henry Hub since 2008 - is a result of more muted market balancing mechanisms than in the past, say analysts from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

Featured

What to expect from oil and gas companies in 2020

20 December 2019

Is 2020 the start of a new era for oil and gas companies? All eyes are on big oil's response to climate change. Get the predictions for the year ahead from our corporate analysis team.

News Release

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks

18 November 2024

Republican control in the US will move energy policy away from net zero targets, but President-elect Trump’s full agenda will face political and market opposition according to Wood Mackenzie analysis.

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Search results: 2431

Majors start shaping strategies to capture a piece of the renewables action

The Australian energy crisis highlights the need for new gas supply

Oil market uncertainty could significantly affect prices

Natural gas remains the crucial bridge in the energy transition, yet challenges persist

H1 global wind turbine orders hit 91.2 GW, a 23% increase from year-ago levels

US November election results could decelerate energy transition, with $1 trillion in energy investment on the line

Wood Mackenzie appoints new Chief Product & Technology Officer

European refiners may hold the key to scaling green hydrogen

Global power demand surge puts net zero by 2050 out of reach as world heads toward 2.6°C warming

How to thrive in the petrochemicals downturn

Trading houses’ risk appetite create more evolved LNG market

Mitigating multi-billion dollar power disruption risks in the US

Over the rainbow: why understanding full value chain carbon intensity is trumping the colour of hydrogen

Non-OPEC decline rates to remain stable until 2020

Why Covid-19 is the ultimate energy transition stress test for refiners

Global energy storage set to triple in 2021

5 factors that will determine the economic impact of coronavirus

Golden Pass crests second wave of US LNG

Could Big Energy and miners join forces to deliver a faster transition?

How close are we to the perfect battery?

BP sells petrochemicals business to INEOS in US$5bn deal

COP28: The Energy Gang on the ground at COP28: the summit so far | Podcast

The big ban: global commodities in a post-Ukraine-war world

The ageing process: carbon emissions and asset maturity

Energy storage technology: three trends to watch

Crisis in Ukraine: the global risks to commodities

What ‘vehicle-to-everything’ electric vehicle pilots mean for the grid

Market searches for new Henry Hub ceiling price as supply/demand response remains unusually muted

What to expect from oil and gas companies in 2020

Republican control will shift US energy policy away from net zero, but sweeping agenda faces roadblocks