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UK accelerates plan to cut carbon emissions

20 April 2021

Today's announcement outlining the UK's plan to set a legally binding 78% greenhouse gas emissions reduction target (on 1990 levels) through its Sixth Carbon Budget is another significant milestone on the road to its goal of net-zero emissions by 2050.

Comment

Chrysaor seals North Sea top spot with reverse takeover of Premier Oil

06 October 2020

Privately-held UK Independent Chrysaor is buying London-listed Premier Oil by way of reverse takeover. Premier’s US$2.7 billion of debt and hedging liabilities will be repaid and cancelled via a US$1.232 billion cash payment, plus Chrysaor shares.

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

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

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

13 August 2019

Commenting on reports that ExxonMobil is preparing to sell its UK North Sea portfolio, Neivan Boroujerdi, principal analyst, North Sea upstream, at Wood Mackenzie, said: “A proposed UK exit was expected. We value the portfolio at around US$2 billion.

Comment

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

10 July 2019

French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

Comment

Total hits the jackpot at Glendronach

24 September 2018

Total has made a major gas discovery in the UK's West of Shetland region, hitting an estimated 1 trillion cubic feet of gas

Comment

BP seals asset swap with ConocoPhillips

04 July 2018

BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips

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.

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.

Editorial

How will the closure of Philadelphia Energy Solutions impact US aromatics?

15 July 2019

Philadelphia Energy Solutions has announced its intention to shut down refinery operations permanently following a fire at the facility on June 21, 2019. Understand the impact of the closure of the 600,000-tonnes-per-year cumene unit at the site on global and US cumene markets.

News Release

Russia-Ukraine war could slow global economic growth to 2.5% this year

12 April 2022

Global economic growth could slow to 2.5% year-on-year in 2022 and 0.7% in 2023 due to the Russia-Ukraine war, says Wood Mackenzie.

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.

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.

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?

Opinion

The key factors shaping investment in Africa’s upstream industry

03 October 2023

Developing Africa’s huge natural gas reserves is essential for growing export revenues and supporting domestic economic growth.

Opinion

Europe’s residential storage market: Plateau market growth and high competition push European brands towards HEMS

16 December 2025

After decades of growth, Europe's residential energy storage market contracted in 2025 for a second consecutive year, but the market is set for recovery in 2026

Opinion

Webinar replays | Energy transition outlook: 2024-25 update

21 November 2024

Watch our recent webinars on the state of the energy transition. The panelists discussed what a second Trump administration means for energy and natural resources, reflections from COP29 on Article 6 and climate finance. Plus, how fast will clean energy transitions unfold?

Webinar

Metals and Mining Briefing | Capturing value from carbon taxes

08 July 2021

Join us on Thursday 8th July for a discussion with Wood Mackenzie’s senior metals and mining experts to understand how carbon taxes and stakeholder pressure are reshaping the metals and mining investment environment.

Event

European Power Investment Summit 2026

16 September 2026

Join us from 16-17 September in London for the 2nd annual Wood Mackenzie European Power Investment Summit. This is your opportunity to hear from our team of power research analysts and industry experts as they engage in insightful discussion that explores the key drivers and challenges of the entire power investment landscape. #WMEuroPower

Event

Gas, LNG & The Future of Energy 2026

02 June 2026

Wood Mackenzie's 4th annual Gas, LNG and the Future of Energy from 2-3 June 2026 is where the industry comes together in London to discuss the different market, investment and corporate dynamics shaping it, and the role of gas in supporting the energy transition. #WMGasLNGEvent

Webinar

Future Facing Commodities Forum 2025

30 April 2025

Future Facing Commodities Forum returns on 30 April 2025, focusing on the outlook for the key commodities that underpin the energy transition.

The Edge

Wham, bam, CBAM

10 June 2022

The European Commission (EC) plans to introduce the Carbon Border Adjustment Mechanism (CBAM), which could be a first step towards a global carbon market.

The Edge

The domino effect of the Ukraine crisis on gas and LNG

07 February 2022

The effect of any reduction in Russian gas exports will ripple out much more widely into global gas, LNG and power markets.

The Edge

Monetising the East Med’s giant gas finds

10 July 2020

The discovery of huge gas resources has made the Eastern Mediterranean an industry hot spot. Majors, NOCs and independents see a growth opportunity that could last for decades. LNG exports might be the path to full commercialisation. But geopolitics stand in the way. How can the interested parties find a way forward?

The Edge

To-do list: how to attract capital back to the oil sector

07 September 2017

The mood has definitely changed. That much has been clear at the biannual Offshore Europe mega conference in Aberdeen.

Opinion

Tensions over “green protectionism” emerge at COP28

01 December 2023

Countries including China and India want the climate talks to address unilateral measures such as the EU’s CBAM and the US Inflation Reduction Act.

Opinion

Energy Pulse: in brief (28 July)

28 July 2023

News and views in brief from some of our global energy specialists, including challenges for offshore wind in Europe, Equinor buys renewables assets in Brazil, China adds to its LNG import capacity, and a potentially revolutionary scientific discovery.

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Search results: 589

UK accelerates plan to cut carbon emissions

Chrysaor seals North Sea top spot with reverse takeover of Premier Oil

Shell 'to be net-zero company by 2050'

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

ExxonMobil poised to sell ‘attractive’ UK North Sea portfolio

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

Total hits the jackpot at Glendronach

BP seals asset swap with ConocoPhillips

European refiners may hold the key to scaling green hydrogen

How to thrive in the petrochemicals downturn

How will the closure of Philadelphia Energy Solutions impact US aromatics?

Russia-Ukraine war could slow global economic growth to 2.5% this year

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

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

Global energy storage set to triple in 2021

Crisis in Ukraine: the global risks to commodities

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

The key factors shaping investment in Africa’s upstream industry

Europe’s residential storage market: Plateau market growth and high competition push European brands towards HEMS

Webinar replays | Energy transition outlook: 2024-25 update

Metals and Mining Briefing | Capturing value from carbon taxes

European Power Investment Summit 2026

Gas, LNG & The Future of Energy 2026

Future Facing Commodities Forum 2025

Wham, bam, CBAM

The domino effect of the Ukraine crisis on gas and LNG

Monetising the East Med’s giant gas finds

To-do list: how to attract capital back to the oil sector

Tensions over “green protectionism” emerge at COP28

Energy Pulse: in brief (28 July)