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CCS has to be made to work – capturing and storing CO2 accounts for 20% of the emissions reduction needed to achieve global net zero by 2050.
This research piece addresses what will be the central theme of US power markets over the next couple of years and potentially beyond.
The world needs more LNG. But LNG has been synonymous with poor project management. Can the industry deliver future projects on time and on budget?
From increasing M&A activity to supply wildcards, here’s the latest trends in upstream oil & gas
The outlook for Japan's offshore wind sector is looking positive as the country’s capacity is projected to reach upwards of 4 gigawatts (GW) in 2028, a 62-fold increase from last year, new research from Wood Mackenzie indicates.
Bigger the Majors may be, but are the companies better placed to cope with future price uncertainty and the energy transition? Find out in this week's Edge.
WTI above $50 means US E&Ps can hold production flat while paying down debt. But will they be tempted to go for growth?
What can we expect in the world of energy in 2024. A solar slowdown, relief for OPEC+, and the rise of blue hydrogen are among Wood Mackenzie analysts’ predictions for the year ahead.
Global efforts in recycling plastic have significantly impacted decarbonisation targets, but how can the energy industry develop more pathways to streamline the process?
The average retail gasoline price in the United States is now close to U.S.$3 a gallon, while in Germany, gasoline is retailing at an average of €1.40 per litre. We last saw prices like these in November 2014. Could we see a repeat of the 2014 reprieve?
At present, China accounts for almost 75% of global lithium-ion battery manufacturing capacity and this share is set to increase through the short term with its build-out of new facilities.
Gas-based feedstocks are the traditional investment driver for steam cracker investments, but with feedstock availability becoming more challenging the economics are under scrutiny.
The rise of electric-arc furnace technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns.
The PTA market was already grappling with global overcapacity when the pandemic piled on the pressure.
After three years of decline, oil and gas production is growing again across Sub-Saharan Africa. Traditional oil producers Nigeria and Angola are increasing investment and activity. Angola's exit from OPEC is a statement of its ambition. Elsewhere, growth projects are progressing in Senegal/Mauritania, Cote d'Ivoire, Namibia and Mozambique. Join our experts on Wednesday 14th February where they will discuss two recent reports - 'Sub-Saharan Africa upstream: 2023 in review' and '5 things to look for in 2024'. A main presentation will be followed by Q&A.
As the energy transition gains pace, questions are being asked about exploration's continued relevance. Does the industry still need to find new barrels? How committed are the Majors to exploration?
Competition is fierce and struggling Asian refiners must now take full advantage of the abundant crude options to maximise their margins.
As global markets reel in the wake of the oil price crash, Wood Mackenzie’ corporate analysis team believes the price collapse could be the trigger for a new phase of deep industry restructuring - one that rivals the changes seen in the late-1990s.
As the global population burgeons and the average standard of living increases through mid-century, how will our fragile climate and, indeed, humanity deal with the billions of tonnes of carbon and other emissions we produce each year?
It has been written off many times, but the oil producers' group remains relevant. In the long term, its influence could grow.
In the first half of the year, the industry has already witnessed 15 project sanctions, almost comparable to project sanctions in the whole of 2016.
Good news on Covid-19 vaccines points to a rebound next year, but there are still some difficult months ahead
Get a global view of future crude trade and accurately assess how market events affect crude supply, demand, trade and crude price differentials.
What should the global polyethylene industry brace themselves for in 2018?.
Demand for the rare platinum group metal, used as a catalyst, is set to soar as the hydrogen industry develops.
A five-year delay to the energy transition could see the global average temperature rise to 3°C above pre-industrial levels.
Several clean energy companies have had a rough ride on the stock market in recent weeks. What’s happening, and where is the industry headed?
Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.
European gas prices have been hitting record highs and prices have been soaring in Asia. It's clear the market needs more gas. The US has the resources to meet that demand, but has hurdles to overcome
Nickel has ignored western market fundamentals, where demand has dried up due to the global pandemic, and prices have soared 30% since April. But these dysfunctional dynamics won't last.
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