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BP's double proves there's life in the old dog yet

31 January 2018

BP announced it made two discoveries on the UK Continental Shelf in 2017 - Capercaillie, in the North Sea, and Achmelvich, in the West of Shetland. Wood Mackenzie believes the finds prove there's still life in the ultra-mature province.

News Release

Can upstream cost savings stick?

15 December 2017

The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

News Release

Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

14 December 2017

2018 looks set to be a brighter year for upstream oil and gas companies

News Release

OPEC stays the course with production deal

01 December 2017

OPEC and non-OPEC producers agree to extend production curbs through 2018

News Release

When will the market face peak demand?

18 October 2017

The market is no stranger to peak oil. But industry focus is shifting from concerns about peak oil supply to a more concrete threat– peak demand. The Rise and Fall of Black Gold, released today by Wood Mackenzie, is a comprehensive, cross-commodity, cross-value chain analysis of peak demand. The report identifies the drivers as well as the potential impact of this global transformation – across regions, sectors, and fuels.

News Release

Shale sector to be cash flow positive by 2020

26 July 2017

When will tight oil make money calculates that the five largest tight oil players could become cash flow positive by 2020?v

News Release

US-China agreement connects the fastest-growing LNG supplier with the largest LNG growth market

12 May 2017

Chinese companies can now negotiate long-term contracts to source liquefied natural gas from US suppliers, the US Commerce Department said.

News Release

North America could play bigger role in future global bunker market

20 March 2017

Alan Gelder, Vice President of Refining, Chemicals & Oil Markets, believes that North America has the opportunity to take a much bigger role in the future global bunker market.

News Release

US gasoline demand poised to decline by over 1.7 million b/d by 2030

20 March 2017

Gas demand may be nearing a new peak due to stringent fuel efficiency standards and shifting demographics.

News Release

Better times head for the UKCS, but investment still a concern

17 January 2017

Wood Mackenzie expects a modest recovery due to the improving oil price.

News Release

Seasonality takes centre stage in Egyptian gas market

12 January 2017

Egypt's fortunes look set to change after five years of falling production and switching from a net exporter to a net importer.

News Release

Eni makes discovery of the year, named most-admired upstream explorer

17 June 2022

Italian major Eni has, for the fourth time in seven years, been named the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s industry-leading annual Exploration Survey.

News Release

Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration

29 June 2022

Wood Mackenzie announces the launch of the second edition of its Power & Renewables Asia Pacific (APAC) Virtual Conference on July 26 – 28.

News Release

Global energy storage market to reach 500GW by 2031

28 July 2022

Market growth has staggered for global energy storage, with cumulative storage deployments expected to reach 500 gigawatts (GW) by 2031, according to Wood Mackenzie’s Global Energy Storage Outlook released today.

News Release

US solar market ready for rebound after tumultuous first half of 2022

08 September 2022

Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown

News Release

Global wind turbine order intake breaks record in Q2

12 September 2022

Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.

News Release

Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment

15 September 2022

Decarbonising the steel and iron ore industry by 2050, in line with the Paris Climate Agreement, will require US$1.4 trillion of investment and revolution across every stage of the value chain. This presents an urgent challenge and enormous opportunity according to Wood Mackenzie’s latest Horizons research report, Pedal to the metal: Iron and steel’s $1.4 trillion shot at decarbonisation.

News Release

14% increase in European coal demand to be short-term trend

21 September 2022

European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis.

News Release

Climate policies trigger 1.9% upgrade QoQ in global wind power

03 October 2022

Global wind power is expected to see an 1.9% increase of installed capacity Quarter on Quarter (QoQ), an equivalent of 25.6 gigawatts (GW), between 2022 and 2031 according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Latin America offshore wind to see 34 GW of installed capacity by 2050

18 October 2022

Driven by the growth of off-grid green hydrogen projects, Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 Gigawatts (GW) by 2050, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

25 October 2022

A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.

News Release

Wood Mackenzie launches Lens Gas & LNG

15 November 2022

Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.

News Release

LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

17 November 2022

Driven by a surge in LNG exports, the North America natural gas market will support 29 billion cubic feet per day (bcfd) of production from 2022-2033, tripling its current market size, according to a new report from Wood Mackenzie.

News Release

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

06 December 2022

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”

News Release

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

06 December 2022

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.

News Release

Long-duration energy storage projects attract more than US $58 billion investment over last three years

07 December 2022

Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.

News Release

Trade and supply chain barriers delay impact of historic clean energy law

13 December 2022

The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress. These disruptions will cause a 23% decline in solar installations this year compared to 2021, according to the U.S. Solar Market Insight Q4 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.

News Release

Q3 U.S. grid-scale energy storage market sets new record

15 December 2022

The U.S. energy storage market grid-scale segment installed a record 4,733 megawatt-hours (MWh) in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to a new report released today. On a single charge, this amount of battery storage could power over 150,000 U.S. homes for a day.

News Release

Norway to earn over US$200 billion from oil and gas sector in 2023

16 January 2023

Norway’s oil and gas operations in the North Sea will continue to churn out cash as the Scandinavian country maintains high production to help support Europe’s energy crisis according to a report by Wood Mackenzie.

News Release

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

19 January 2023

The Inflation Reduction Act (IRA), flagship legislation focused on accelerating decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. A rise from US$64 billion in 2022 to nearly US$114 billion is expected by 2031, according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

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Search results: 913

BP's double proves there's life in the old dog yet

Can upstream cost savings stick?

Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

OPEC stays the course with production deal

When will the market face peak demand?

Shale sector to be cash flow positive by 2020

US-China agreement connects the fastest-growing LNG supplier with the largest LNG growth market

North America could play bigger role in future global bunker market

US gasoline demand poised to decline by over 1.7 million b/d by 2030

Better times head for the UKCS, but investment still a concern

Seasonality takes centre stage in Egyptian gas market

Eni makes discovery of the year, named most-admired upstream explorer

Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration

Global energy storage market to reach 500GW by 2031

US solar market ready for rebound after tumultuous first half of 2022

Global wind turbine order intake breaks record in Q2

Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment

14% increase in European coal demand to be short-term trend

Climate policies trigger 1.9% upgrade QoQ in global wind power

Latin America offshore wind to see 34 GW of installed capacity by 2050

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

Wood Mackenzie launches Lens Gas & LNG

LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

Long-duration energy storage projects attract more than US $58 billion investment over last three years

Trade and supply chain barriers delay impact of historic clean energy law

Q3 U.S. grid-scale energy storage market sets new record

Norway to earn over US$200 billion from oil and gas sector in 2023

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

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