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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.

Comment

Chevron to sell stake in North West Shelf LNG

18 June 2020

Chevron continuing to high-grade its portfolio and putting its 16.7% stake in the NWS up for sale makes a lot of sense.

News Release

Nickel sulphate supply to peak in 2027 as EV sector-driven demand accelerates

08 June 2020

Nickel in sulphate production is expected to rise from 211 kilo-tonnes (Kt) in 2019 to its peak at 450 Kt in 2027, while demand driven by the electric vehicle (EV) sector continues to accelerate, reaching approximately 800 Kt by 2035, says Wood Mackenzie.

Comment

Shell 'to be net-zero company by 2050'

16 April 2020

Commenting after Shell announced its intention to become net-zero company by 2050, Luke Parker, vice president, corporate analysis, at Wood Mackenzie, said: “This is an evolution of the net carbon footprint ambition that Shell unveiled in November 2017.

Comment

South Korea's metcoal demand to fall modestly amidst coronavirus outbreak

15 April 2020

South Korea's hot metal production will decline by 4.2 Mt or almost 10% in 2020. There is of course a risk that production decline would be greater, if containment of the virus is unsuccessful.

Comment

Jet fuel takes hit as Trump unveils US travel ban

12 March 2020

The travel ban announced by US President Donald Trump today is likely to have an immediate impact on jet fuel demand and prices across Europe and the US.

Comment

French major Total to take 50% stake in Adani solar unit

07 February 2020

Speaking after French major Total announced it planned to buy a 50% stake in Indian company Adani Green Energy’s solar unit, Tom Heggarty, principal analyst with Wood Mackenzie’s Energy Transition Practice, said: “Total has been extremely active in the power and renewables M&A market as it seeks to diversify its activities and grow its exposure to the zero-carbon power sector."

Comment

China bans single-use plastic

20 January 2020

On 19 January, China's National Development and Reform Commission and the Ministry of Ecology and Environment announced policies aimed at restricting production, sale, and use of single-use plastic products.

Comment

US and China sign Phase One trade deal

16 January 2020

Wood Mackenzie's Gavin Thompson provides a commentary on the US-China Phase One trade deal

News Release

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

14 January 2020

Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.

Comment

Total expands partnership with Adani on India's gas market

14 October 2019

Total announced today its partnership with Adani Group which includes two LNG terminals, Dhamra in East India and potentially Mundra in the West, as well as Adani Gas Limited, one of the 4 main distributors of city gas in India of which Adani holds 74.8% and of which Total will acquire 37.4%.

Comment

Santos to acquire ConocoPhillips northern Australian assets

14 October 2019

Santos announced today its plans to acquire ConocoPhillips’s northern Australian portfolio. This is a logical and attractive transaction for a number of reasons.

News Release

Wood Mackenzie’s new data technology transforms upstream valuations

09 October 2019

Natural resources research and consultancy Wood Mackenzie launches the world’s first Global Upstream Valuation solution, enabling organisations from the largest oil and gas companies to global banks to value assets around the globe in seconds.

News Release

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

07 October 2019

Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together, these opportunities are worth US$5 billion, and could contribute a third of the Supermajor's global divestment target.

Comment

TechnipFMC demerger 'a bold step to reposition for the long-term'

27 August 2019

In 2017 Technip and FMC Technologies completed one of the hallmark oilfield service company mergers of the cycle. The business plans to split in the first half of 2020 – but not back into Technip and FMC - rather into ‘upstream’ and ‘mid/downstream’.

News Release

Tsingshan Indonesia shakes up stainless steel markets in South East Asia

15 July 2019

Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie

Comment

China’s textile production rises on fears of worsening trade tensions

15 July 2019

According to research by Wood Mackenzie, Chinese textile producers are increasing production as fears grow that the trade war with the US will hurt exports of apparel and other textile products as soon as the fourth quarter of 2019.

News Release

Mitsui and JOGMEC join Arctic LNG-2

01 July 2019

Arctic LNG-2 is a step closer to final investment decision (FID) with the entry of Japanese companies Mitsui and government-linked Japan Oil, Gas and Metals National Corporation (JOGMEC) into the project.

News Release

Top 5 turbine OEMs to rule two thirds of global market by 2020

19 June 2019

After a decade of fragmentation, the top 5 turbine OEMs have reached industry consolidation. Key global players are expected to surpass a combined market share of 68% by 2020, up from 47% 5 years ago, according to recent research from Wood Mackenzie Power & Renewables.

Comment

Shell's Prelude ships first LNG cargo

12 June 2019

Wood Mackenzie senior analyst Daniel Toleman shares his thoughts on the event of Prelude's first LNG cargo.

Comment

Chevron exits bidding war for Anadarko

09 May 2019

Chevron Corporation today announced that it would not offer a counterproposal to Occidental Petroleum's rival bid to acquire Anadarko Petroleum.

News Release

Southeast Asian upstream M&A could hit US$14 billion

25 April 2019

According to a new report by Wood Mackenzie, Southeast Asia could take centre stage in the region's upstream M&A activity in 2019, with up to US$14 billion worth of assets potentially switching hands.

Comment

China restricts seaborne coal imports

25 February 2019

Wood Mackenzie analysts Yu Zhai and Robbin Griffin comment on the recent restriction of seaborne coal imports by China.

News Release

Brulpadda delivers the goods for Total

07 February 2019

French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

News Release

Smoother sailing ahead for upstream supply chain players

06 February 2019

The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie. As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.

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.

News Release

Has FLNG crested the wave?

30 January 2019

Despite its small share of the total liquefied natural gas market, floating LNG (FLNG) has generated outsized interest in recent years. In a world requiring tight capital discipline, FLNG offers lower capital investment and manageable costs, particularly in frontier regions.

News Release

Outlook sluggish for upstream M&A

21 January 2019

Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.

Comment

Medco Energi's potential takeover of UK-listed Ophir Energy

02 January 2019

On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.

News Release

What do the US mid-term election results mean for renewable energy?

21 November 2018

The results of this year's U.S. mid-term elections may open a path for higher renewable portfolio standards and gigawatts of solar and wind deployments, according to a new analysis from Wood Mackenzie Power & Renewables.

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Search results: 2469

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

Chevron to sell stake in North West Shelf LNG

Nickel sulphate supply to peak in 2027 as EV sector-driven demand accelerates

Shell 'to be net-zero company by 2050'

South Korea's metcoal demand to fall modestly amidst coronavirus outbreak

Jet fuel takes hit as Trump unveils US travel ban

French major Total to take 50% stake in Adani solar unit

China bans single-use plastic

US and China sign Phase One trade deal

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

Total expands partnership with Adani on India's gas market

Santos to acquire ConocoPhillips northern Australian assets

Wood Mackenzie’s new data technology transforms upstream valuations

What are ExxonMobil’s top 5 divestment targets in Asia Pacific?

TechnipFMC demerger 'a bold step to reposition for the long-term'

Tsingshan Indonesia shakes up stainless steel markets in South East Asia

China’s textile production rises on fears of worsening trade tensions

Mitsui and JOGMEC join Arctic LNG-2

Top 5 turbine OEMs to rule two thirds of global market by 2020

Shell's Prelude ships first LNG cargo

Chevron exits bidding war for Anadarko

Southeast Asian upstream M&A could hit US$14 billion

China restricts seaborne coal imports

Brulpadda delivers the goods for Total

Smoother sailing ahead for upstream supply chain players

Golden Pass crests second wave of US LNG

Has FLNG crested the wave?

Outlook sluggish for upstream M&A

Medco Energi's potential takeover of UK-listed Ophir Energy

What do the US mid-term election results mean for renewable energy?

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