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China’s Q2 2020 oil demand shows signs of recovery

26 五月 2020

According to the latest analysis by Wood Mackenzie, China’s oil demand will recover to 13 million barrels per day (b/d) in Q2 2020, a 16.3% jump compared to Q1 this year.

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Petrobras acts to protect gas value chain as Brazil demand slumps

24 四月 2020

Petrobras’ handling of the crisis it faced as Brazilian gas demand slumped earlier this month offers valuable lessons to integrated players, Mauro Chavez, head of Latin America Gas & LNG at global natural resources consultancy Wood Mackenzie, says.

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Arrow Energy sanctions Surat Gas Project

17 四月 2020

Arrow Energy sanctions Surat Gas Project

News Release

Saudi Arabia’s May 2020 OSPs for crude exports bode well for Asian refiners

16 四月 2020

Looking at the May OSPs, it is clear that Saudi Arabia wants to ensure its crude remains very competitive in Asia.

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US$210bn of new spend in firing line as players target cost cuts

02 四月 2020

The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.

News Release

Gas sector impacted by triple whammy of coronavirus, oil price crash and LNG oversupply

01 四月 2020

In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.

News Release

Coronavirus impact trims US behind-the-meter storage forecast by 31%

27 三月 2020

Wood Mackenzie has trimmed its forecast for US behind-the-meter (BTM) energy storage in 2020 by 31% as a result of the coronavirus crisis.

News Release

Flexible power grid crucial to meeting energy transition goals in 2020s

18 三月 2020

Over the next decade, traditional fuel-based generation will shrink as a proportion of the power mix. This will increase the flexibility needs of utility and power markets, according to Wood Mackenzie.

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UK Budget - £500 million to support rapid electric vehicle charging hubs

11 三月 2020

Wood Mackenzie expects 1.5% of all passenger vehicles in the United Kingdom to have a plug by the end of 2020, ramping up to 43% by 2040.

News Release

Record amount of wind turbine capacity ordered globally in 2019

05 三月 2020

2019 saw nearly 100GW of global wind turbine order capacity, shattering the previous record set in 2018, according to new analysis from Wood Mackenzie.

News Release

Could 2020 market trends bring new lustre to gloomy lead market?

04 二月 2020

2020 will see lead transition into a market surplus after several years of significant deficit, according to Wood Mackenzie.

News Release

Uncertainty to cloud global nickel market outlook in 2020

29 一月 2020

All eyes will be on the Indonesian nickel market in 2020. The knives may be out for the country’s nascent stainless industry but the staggering potential for expansion in NPI may reduce the impact of the nickel ore export ban to a minor inconvenience. Although the global battery sector share of nickel demand is much smaller than other metals, getting the quantity of nickel that EVs will need by the mid-2020s will remain a challenge.

Comment

What does the US-China trade deal mean for refiners - and for the market?

20 一月 2020

After over a year of trade tensions, the US and China signed a “phase one” trade deal on 16 January. As part of the deal, China has agreed to increase the value of energy imports by US$52.4 billion above 2017 levels over the next two years. What could it mean for the oil market?

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Talos shells out US$640m for Gulf of Mexico assets

12 十二月 2019

Talos Energy, in its pursuit of growth in the US Gulf of Mexico, has announced a series of purchases, worth $640 million assets in the region

News Release

US storage industry to build on strong third quarter with response to power shutoffs

03 十二月 2019

Installers have already shared anecdotes about growing residential storage volumes in California, and Wood Mackenzie expects a large uptick early next year as marketing efforts for solar-plus-storage started earlier this year bear fruit.

News Release

Advanced lithium-ion technologies on track for record annual investment

01 十一月 2019

More than $350 million was invested in advanced lithium-ion technologies during the first half of 2019.

Comment

Japan to invest additional $10 billion in global LNG infrastructure projects

26 九月 2019

Japan is planning to invest an additional $10 billion to develop infrastructure mainly in new and developing markets in the India sub continent and Southeast Asia, reflecting a shift in priorities.

News Release

China’s gas production to double to 325 bcm in 2040

28 八月 2019

Though set to become the world’s third largest gas producer by 2027, China’s imports will still grow in the long term. One key contributing factor is lower forecast in domestic gas production particularly in shale gas and coal bed methane (CBM), according to recent research by Wood Mackenzie.

News Release

Verisk to Acquire Genscape

26 八月 2019

Acquisition will extend Verisk’s expertise in commodities intelligence as part of its Wood Mackenzie business

Comment

BHP unveils five-year US$400m climate investment plan

24 七月 2019

BHP’s chief executive Andrew Mackenzie unveiled a five-year, US$400 million climate investment program om 23 July, with a commitment to reduce Scope 1, 2 and 3 emissions. The Australian miner will seek to scale up low-emissions technologies to decarbonise its operations, including investment in nature-based solutions and collective action to reduce Scope 3 (end-use) emissions.

News Release

Japan to lose top LNG importer position to China by 2022

23 七月 2019

According to a new report by Wood Mackenzie, Japan could lose its pole position as the world’s top LNG importer to China as early as 2022.

News Release

Faster decline rates prompt Permian players to eye spending boost

22 七月 2019

Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.

Comment

New York awards Equinor, Sunrise Wind major offshore wind contracts

19 七月 2019

The US state of New York today awarded two major offshore wind contracts to Norwegian energy company Equinor, and Sunrise Wind, a joint venture between Denmark’s Ørsted and US utility Eversource.

News Release

Spandex entering the big time as sales to hit 1 million tonnes by 2020

25 六月 2019

As spandex closes in on sales of 1 million tonnes, industry structures will change to meet competition from China and the challenge of closed-loop recycling, according to recent Wood Mackenzie Chemicals research.

Comment

Adani gets environmental approval for Carmichael project

13 六月 2019

Adani gets environmental approval for Carmichael project

News Release

More than 61GW of US wind turbine equipment has qualified for production tax credits since 2016

12 二月 2019

Developers in the US purchased sufficient equipment to qualify 6.6GW of new wind power capacity in 2018 for 60% production tax credits (PTC) under the Internal Revenue Service’s (IRS) safe harbor provision law, according to recent analysis carried out by Wood Mackenzie Power & Renewables. Accordi...

Comment

US sanctions increase pressure on Venezuela

30 一月 2019

The US is poised to impose fresh sanctions on Venezuela, ratcheting up the stakes in the country's political crisis by curbing the Maduro government's access to cash from crude exports.

Comment

Ascend Performance Materials declares force majeure on HMD

08 一月 2019

Following Ascend Performance Materials' decision to declare a force majeure on hexamethylene diamine (HMD), Wood Mackenzie Chemicals Head of Thermoplastics, Quentin de Carvalho, commented:

News Release

More than 680GW of new wind power to come online over next decade

11 十二月 2018

More than 680GW of new wind power capacity will come online globally over the 10-year outlook, according to new research by Wood Mackenzie Power & Renewables. Wood Mackenzie recently upgraded its Global Wind Power Market Outlook Update: Q4 2018 by 2% compared to the outlook published in the third...

Comment

Qatar quits OPEC

03 十二月 2018

On 3 December 2018, Qatar announced it will withdraw from OPEC on 1 January 2019, putting an end to its 57-year membership of the producers’ cartel. Qatar, which said it intends to focus on its gas production, made the announcement ahead of the 6 December OPEC meeting.

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