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News Release

Future of gas in energy transition to be defined in 2021

14 January 2021

2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.

Comment

China’s trucked LNG spot prices hit three-year high

12 January 2021

Spot prices of trucked LNG in China were highly volatile last month.

News Release

Europe's Green Deal and pandemic recovery to take centre stage in 2021

07 January 2021

With hopes of vaccines setting a better course for 2021, this year will see policymakers and market participants focus on initial but substantive steps towards net-zero objectives.

News Release

Decarbonisation key to future of Asia Pacific’s upstream industry

15 December 2020

Wood Mackenzie’s Asia Pacific upstream 2021 outlook report shows that the development of regional decarbonisation roadmaps is crucial to the future of the upstream industry.

News Release

Over US$11 billion of Australian gas projects to be sanctioned in 2021

10 December 2020

Wood Mackenzie’s Australasian upstream 2021 outlook report shows at least US$11 billion of gas projects poised for FID in 2021.

News Release

Over three quarters of new LNG supply could be impacted in 2-degree world

09 December 2020

Wood Mackenzie’s latest report shows that over three quarters or 77% of new LNG supply are at risk under a 2-degree scenario.

Comment

OPEC+ agrees to increase output after tense negotiations

07 December 2020

Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d.

News Release

Scrap metals to remain underutilised despite availability and rising demand

26 November 2020

Scrap metals demand growth is expected to outpace primary metals over the next two decades. However, it will remain underutilised compared to its overall availability, says Wood Mackenzie.

News Release

Chemical recycling boost could see global plastic packaging recycling hit 50% by 2040

18 November 2020

If the plastics value chain is to become more sustainable, the industry must focus on reducing the amount of mismanaged waste and recapturing as much of its value as possible. To do this, more investment must be allocated to chemical recycling technologies, according to Wood Mackenzie.

News Release

The UK's 10-point climate action plan - what does it mean for energy?

18 November 2020

Prime Minister Boris Johnson has announced the UK's new 10-point climate action plan.

News Release

Consolidation to become major theme in E&P’s transition

17 November 2020

Consolidation among the Independents will accelerate in the face of energy transition, says Wood Mackenzie.

News Release

Four signposts for the chemicals industry under a Biden administration

16 November 2020

The Democrats are expected to retain control of the US House of Representatives, but the Senate will be determined by upcoming run-offs in the state of Georgia. While the chemicals sector is expected to see few direct impacts, there are several themes that should be watched closely.

Comment

South Korea announces carbon neutrality pledge

29 October 2020

South Korea becomes the latest Asian economy to announce its net-zero carbon emissions pledge.

News Release

Global solar PV installations to hit 115 GWdc in 2020

27 October 2020

As global solar PV markets continue to weather the challenges posed by the coronavirus pandemic, solar PV installations are expected to hit 115 GWdc this year, according to Wood Mackenzie’s latest quarterly market outlook. This is up 5% from the total installed globally in 2019.

News Release

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

19 October 2020

Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in scale, ConocoPhillips is adding enough Permian production to nip at the heels of ExxonMobil’s massive programme."

News Release

Significant government intervention necessary if bioplastics are to scale

19 October 2020

In order to achieve the scale needed to play a meaningful role, the bioplastics industry will require significant regulatory interventions from governments and substantial cost efficiencies as technologies mature and scale, according to Wood Mackenzie.

News Release

PV module innovations to help drive down solar costs in coming decade

19 October 2020

The global solar industry has experienced tremendous growth in the past decade as the annual demand for solar rose year after year while the cost of solar declined significantly. In the 2020s, solar module costs will continue to fall, albeit at a much slower rate. Instead, improvement in module efficiency and power class will propel the declining capex trend forward and ultimately lower the solar levelised cost of energy (LCOE), new research from Wood Mackenzie found.

News Release

Over $16 billion of wind turbine capacity ordered in Q2 2020

14 October 2020

The second quarter of 2020 saw more than 17 GW of wind turbine capacity ordered globally. This equates to an estimated $16 billion, according to new analysis from Wood Mackenzie.

News Release

China’s carbon neutrality bill could hit over US$5 trillion

08 October 2020

Wood Mackenzie’s latest analysis shows over US$5 trillion of investments would be needed for China to reach its pathway for carbon-neutrality by 2060.

News Release

India to overtake China as world’s largest LPG residential market by 2030

06 October 2020

India is expected to overtake China as the world’s largest liquefied petroleum gas (LPG) residential sector market by 2030.

News Release

China’s gas power plants bleed under pressure from lower tariffs and trade war

15 September 2020

China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.

News Release

Asia Pacific power generation could attract US$1.5 trillion investments this decade

08 September 2020

Wood Mackenzie’s latest report shows that the power generation sector in Asia Pacific could attract US$1.5 trillion worth of investments over the decade ending 2030.

News Release

Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

07 September 2020

Wood Mackenzie’s latest report shows that the North West Shelf (NWS) LNG project could have up to 7 million tonnes per annum (mmpta) of spare capacity available by 2027. This equates to 40% of the project’s nominal capacity.

News Release

US energy storage market sets Q2 record for deployments

03 September 2020

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 168 MW were deployed in Q2 2020. This is an increase of 72% quarter-over-quarter, 117% year-over-year and is the second-highest quarterly total ever seen, falling just behind Q4 2019 (186.4 MW).

News Release

Global regas capacity under construction hits 10-year high at 144 mmtpa

02 September 2020

Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.

News Release

Green hydrogen costs to fall by up to 64% by 2040

25 August 2020

Green hydrogen costs will fall by up to 64% by 2040, according to new research from Wood Mackenzie.

Comment

Turkey nets largest-ever find with Tuna-1 gas discovery

21 August 2020

A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural gas imports has also continued to grow.

News Release

323 million electric vehicles will be on the roads by 2040

19 August 2020

Electric vehicle (EV) sales are expected to reach 45 million units per year by 2040, with a total global EV stock of 323 million, according to new research from Wood Mackenzie.

News Release

‘The materials transition’ could divert 382 million tonnes of plastic waste by 2040

18 August 2020

The plastics industry requires a paradigm shift towards an absolute decoupling of materials consumption from growth of the economy if it is to achieve sustainability targets, according to new research from Wood Mackenzie.

News Release

LFP to overtake NMC as dominant stationary storage chemistry by 2030

17 August 2020

Lithium-iron-phosphate (LFP) is poised to overtake lithium-manganese-cobalt-oxide (NMC) as the dominant stationary storage chemistry within the decade, growing from 10% of the market in 2015 to more than 30% in 2030, according to new analysis from Wood Mackenzie.

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Search results: 5351

Future of gas in energy transition to be defined in 2021

China’s trucked LNG spot prices hit three-year high

Europe's Green Deal and pandemic recovery to take centre stage in 2021

Decarbonisation key to future of Asia Pacific’s upstream industry

Over US$11 billion of Australian gas projects to be sanctioned in 2021

Over three quarters of new LNG supply could be impacted in 2-degree world

OPEC+ agrees to increase output after tense negotiations

Scrap metals to remain underutilised despite availability and rising demand

Chemical recycling boost could see global plastic packaging recycling hit 50% by 2040

The UK's 10-point climate action plan - what does it mean for energy?

Consolidation to become major theme in E&P’s transition

Four signposts for the chemicals industry under a Biden administration

South Korea announces carbon neutrality pledge

Global solar PV installations to hit 115 GWdc in 2020

ConocoPhillips swoops on Concho in $9.7bn all-stock deal

Significant government intervention necessary if bioplastics are to scale

PV module innovations to help drive down solar costs in coming decade

Over $16 billion of wind turbine capacity ordered in Q2 2020

China’s carbon neutrality bill could hit over US$5 trillion

India to overtake China as world’s largest LPG residential market by 2030

China’s gas power plants bleed under pressure from lower tariffs and trade war

Asia Pacific power generation could attract US$1.5 trillion investments this decade

Up to 7 mmtpa of spare capacity available at North West Shelf by 2027

US energy storage market sets Q2 record for deployments

Global regas capacity under construction hits 10-year high at 144 mmtpa

Green hydrogen costs to fall by up to 64% by 2040

Turkey nets largest-ever find with Tuna-1 gas discovery

323 million electric vehicles will be on the roads by 2040

‘The materials transition’ could divert 382 million tonnes of plastic waste by 2040

LFP to overtake NMC as dominant stationary storage chemistry by 2030

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