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Oil demand faces downside risks; supply shortage not anticipated in 2022 with lots to watch out for

19 January 2022

Wood Mackenzie releases its Oil markets: 5 things to look for in 2022 report which discusses the uncertainties and issues impacting global demand, oil supply and refining markets this year.

News Release

Global gas and LNG – 6 trends to watch in 2022

13 January 2022

Wood Mackenzie, releases its Global gas and LNG – 6 things to watch for in 2022 report.

News Release

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

11 January 2022

Asia Pacific’s levelised cost of electricity (LCOE) for renewable power broke historical trends and rose in 2021 but still gained ground against fossil fuel power says Wood Mackenzie.

News Release

Global installed wind power capacity set to grow by 9% to 2030

15 December 2021

Global wind power capacity is expected to grow at a cumulative annualised growth rate (CAGR) of 9% between 2021 and 2030, according to a new report by Wood Mackenzie.

News Release

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

13 December 2021

The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

News Release

Li-ion battery recycling not expected to take off before 2030

08 December 2021

Lithium-ion (Li-ion) battery recycling is not expected to take off before 2030, according to a new report by Wood Mackenzie.

News Release

The plastics industry must go under the knife for a more sustainable future

18 November 2021

Stemming the flow of plastics into the environment will need ‘more than a nip and tuck approach’ if the world is to reach peak plastic and meet the net zero challenge, says Wood Mackenzie.

News Release

Wood Mackenzie and Ball Corporation announce satellite data analytics collaboration

11 November 2021

Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BLL) announced today that they have formed a strategic agreement between the two organisations to accelerate the development of advanced analytics for energy markets.

Comment

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

25 October 2021

Minister for Trade and Industry Gan Kim Yong said today that Singapore plans to import around 30 per cent of its electricity from low-carbon sources by 2035.

News Release

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

08 October 2021

Wood Mackenzie believes that Chinese authorities could allow customs clearance of stranded Australian thermal coal. In addition, the local governments in Yulin region of Shaanxi province and Inner Mongolia have announced yesterday that they will be increasing coal supply to meet demand.

Comment

Upstream oil and gas: record cash flows and peak uncertainty

08 October 2021

Wood Mackenzie’s Global Energy Summit Upstream Focus Day has addressed some of the biggest issues facing the industry.

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.

News Release

High carbon tax could erode up to 60% of Asia’s refining earnings

05 October 2021

A high carbon tax could erode up to 60% of Asia’s total refining earnings by 2027, says Wood Mackenzie, at the Global Energy Summit Focus Week.

Comment

China pledges to end overseas coal investments

22 September 2021

President Xi Jinping announced that China will end coal investments overseas.

News Release

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

19 August 2021

– Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said in a report released today.

Comment

Woodside confirms potential merger with BHP's petroleum business

16 August 2021

Woodside has confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business.

News Release

Steel sector emissions must fall 75% under 2°C scenario

10 August 2021

Carbon emissions in the steel sector must fall by 75% from today’s levels to limit global warming to within 2 degree Celsius (°C), says Wood Mackenzie.

Comment

China’s CATL launches sodium-ion battery

29 July 2021

China’s CATL unveiled its newly-developed sodium-ion battery at a launch event today.

Comment

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

27 July 2021

Last week, Japan’s Ministry of Economy, Trade and Industry (METI) released a draft of its upcoming 6th Strategic Energy Plan which included major changes to the FY2030 power generation mix targets.

Comment

ArcelorMittal to take green steel honours with Sestao plan

13 July 2021

European steelmaker ArcelorMittal today announced plans to become the world’s first steelmaker to produce fossil-free steel using virgin iron. ArcelorMittal, the world’s second largest steelmaker and Europe’s largest producer, plans to produce fossil-free steel via a process known as H-DRI-EAF.

News Release

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

08 July 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

Comment

Supply outlook tightens as OPEC+ prepares to meet

01 July 2021

As OPEC+ meets on 1 July, oil prices are supported by tightening oil market fundamentals for the second half of 2021. Global natural resources consultancy Wood Mackenzie forecasts total oil demand to rise 5.9 million barrels per day (b/d) year-on-year for 2021.

Opinion

Capital discipline raises questions about US oilfield services

03 February 2023

Like E&Ps, oilfield services companies are prioritising cash generation and distributions to shareholders. It could be a constraint on the industry's growth.

Opinion

US greenhouse gas emissions are falling, but not fast enough

20 January 2023

Rise in emissions in 2022 likely to be short-lived, but the long-term trend is for only gradual decline.

Opinion

International tensions shape COP27 climate talks

14 November 2022

COP27 is ongoing, but progress could be limited by the leaders of China and India staying away from the summit in Egypt

Opinion

Green signals but no sharp turns expected in Brazil

07 November 2022

Lula’s victory in the presidential election means a stronger emphasis on curbing emissions, but no radical changes in energy policy.

Opinion

Why iridium could put a damper on the green hydrogen boom

15 July 2022

Demand for the rare platinum group metal, used as a catalyst, is set to soar as the hydrogen industry develops.

Opinion

Upstream cost inflation is back

20 May 2022

Cost inflation for the upstream industry is running at levels not seen for a decade, or even longer in some sectors.

Opinion

Diesel prices an ominous sign for the economic outlook

13 May 2022

Tight markets have sent prices soaring, boosting refiners' profits but stoking inflation.

Opinion

Anti-dumping threat throws US solar industry into turmoil

06 May 2022

Biden administration’s climate and energy strategy faces a conflict between supporting US manufacturing in low-carbon technologies and encouraging the fastest possible deployment of renewable energy.

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Search results: 2485

Oil demand faces downside risks; supply shortage not anticipated in 2022 with lots to watch out for

Global gas and LNG – 6 trends to watch in 2022

Renewable power in Asia Pacific gains competitiveness amidst cost inflation

Global installed wind power capacity set to grow by 9% to 2030

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

Li-ion battery recycling not expected to take off before 2030

The plastics industry must go under the knife for a more sustainable future

Wood Mackenzie and Ball Corporation announce satellite data analytics collaboration

Low-carbon fuels could play a role in Asia Pacific’s decarbonisation efforts

China could ease restrictions on Australian coal and increase supply to alleviate power crunch

Upstream oil and gas: record cash flows and peak uncertainty

Global energy storage set to triple in 2021

High carbon tax could erode up to 60% of Asia’s refining earnings

China pledges to end overseas coal investments

Oil price windfall a ‘golden opportunity’ to speed up sector’s decarbonisation

Woodside confirms potential merger with BHP's petroleum business

Steel sector emissions must fall 75% under 2°C scenario

China’s CATL launches sodium-ion battery

Japan’s new 2030 energy mix unveils radical plans to transform the energy system

ArcelorMittal to take green steel honours with Sestao plan

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

Supply outlook tightens as OPEC+ prepares to meet

Capital discipline raises questions about US oilfield services

US greenhouse gas emissions are falling, but not fast enough

International tensions shape COP27 climate talks

Green signals but no sharp turns expected in Brazil

Why iridium could put a damper on the green hydrogen boom

Upstream cost inflation is back

Diesel prices an ominous sign for the economic outlook

Anti-dumping threat throws US solar industry into turmoil

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