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US winter freeze hits global olefins market

19 February 2021

This week’s winter storm has paralysed US petrochemical production and disrupted 15% of the global olefins market, according to Wood Mackenzie.

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.

News Release

LFG-to-RNG production to more than double by 2030, but project success depends on location and scale

12 August 2024

Landfill gas remains the most popular feedstock option for renewable gas production (LFG-to-RNG), but project pre-tax breakeven prices can range, with success relying heavily on location and scale, according to a new report from Wood Mackenzie.

News Release

After hitting new highs in 2023, US lower 48 oil production growth will begin to slow considerably in 2024 and beyond

22 February 2024

US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/d) despite inflationary pressures, private consolidation, and declining rig activity. However, the repercussions of these decisions will impact supply moving forward as the region is poised for much lower growth in 2024 and beyond, according to Wood Mackenzie.

News Release

European battery storage deployment expected to grow 45% year-over-year to 16GW in 2025 as German market faces 500 GW connection requests, grid bottlenecks and looming revenue canniblisation

11 December 2025

Europe's battery energy storage system (BESS) market has matured into an increasingly attractive investment destination. Considerable volumes are now being deployed across the continent, totalling 11 GW as of 2024 expected to grow 45% year-over-year to 16GW in 2025, according to new analysis from Wood Mackenzie.

News Release

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

08 July 2021

According to Wood Mackenzie, a Verisk business (Nasdaq:VRSK), global wind power life cycle emissions will reach 55 million tonnes of carbon dioxide equivalent (Mt CO2) from 2020 to 2050, a result of wind power capacity expanding five-fold to 3.7 terawatts from 2020 to 2050. This is roughly equivalent to four times the US’s total power capacity in 2020.

News Release

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

13 December 2021

The oil and gas sector will continue to rebound in 2022, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK) But the positive outlook will be tempered by concerns about its future. In its Global Upstream Outlook 2022, Wood Mackenzie points out the upstream industry must respond to the implications of the pledges made at COP26 and governments must set a course for the industry to follow.

News Release

Drought puts pressure on Brazil’s power sector

08 September 2021

The severe drought in Brazil will contribute to an extremely tight power balance in the country, new research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows.

News Release

Producing green LNG is key for Australia to remain competitive

17 June 2021

Australian producers need to be at the forefront of green LNG to remain competitive, says Wood Mackenzie.

News Release

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.

News Release

BMW Group must prioritise full-electric cars to meet 2030 targets

25 February 2021

BMW Group – which is comprised of BMW, Mini, Rolls-Royce and Zinoro – is targeting 7 million in battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) stock by 2030, which would see over 1 million combined sales of these cars globally by the same date. However, Wood Mackenzie projects the company will only meet 61% (4.2 million) of that stock target by 2030.

News Release

US energy storage market shatters records in Q3 2020

02 December 2020

According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 476 megawatts (MW) of storage were deployed in Q3 2020. This is an increase of 240% over the previous high, set last quarter. 

News Release

Global energy storage capacity to grow at CAGR of 31% to 2030

30 September 2020

Wood Mackenzie’s latest report shows global energy storage capacity could grow at a compound annual growth rate (CAGR) of 31%, recording 741 gigawatt-hours (GWh) of cumulative capacity by 2030.

News Release

Key battery metals need more investment to meet climate targets

10 September 2020

According to Wood Mackenzie's Accelerated Energy Transition (AET) scenario, which sees global warming limited to 2.5 degrees (Celsius), the battery raw materials supply chain requires much more investment by 2030.

News Release

US electric truck sales set to increase exponentially by 2025

10 August 2020

There were just over 2,000 electric trucks on US roads at the end of 2019. This stock is expected to grow to over 54,000 by 2025, according to new analysis from Wood Mackenzie.

News Release

Australia’s energy storage capacity more than doubles to 1.2 GWh in 2020

17 June 2020

According to new research from Wood Mackenzie, Australia is set to add 1.2 gigawatt-hour (GWh) of energy storage capacity in 2020, more than double the 499 MWh installed in 2019. This takes the country’s cumulative storage capacity at 2.7 GWh this year.

News Release

US midstream takes hit as Lower 48 E&Ps turn off taps

03 June 2020

The oil price crash has hit the US Lower 48 hard. But as exploration and production companies work to mitigate the impact of the crash on their businesses, their strategies are affecting the region’s midstream players.

News Release

Grid congestion chokes renewables investments in Eastern Australia

30 April 2020

Australia’s renewables project pipeline in the National Electricity Market (NEM) remains massive at 67 gigawatts (GW) capacity (6GW under construction and 61GW in announced projects), but the current conversion rate to firm projects is low due to grid congestion, says Wood Mackenzie.

News Release

US storage market sets power capacity record with Q4 2019 deployments

10 March 2020

The United States energy storage sector set a power capacity record in Q4 2019, deploying 186.4 megawatts (MW) and 364.2 megawatt-hours (MWh) of storage.

News Release

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

14 January 2020

Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.

News Release

Europe to spearhead renewable energy cost reductions for offshore wind through 2028

18 November 2019

Europe’s levelised cost of energy (LCOE) for bottom-fixed offshore wind will fall from an average of $133/MWh in 2019 to $51/MWh in 2028, according to new research by Wood Mackenzie.

News Release

Europe and North America will have over 1 million workplace EV chargers by 2025

06 November 2019

The North America and Europe workplace EV charging markets could surpass a combined 500,000 charger units in 2022 and reach over 1.25 million by 2025, according to new research from Wood Mackenzie.

News Release

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

15 July 2019

Wood Mackenzie, the global natural resources research consultancy, announces today its partnership with P2 Energy Solutions to better analyse current and future well spacing.

News Release

Dominican Republic launches first licensing round

10 July 2019

The Dominican Republic today launched its first licensing round, putting 14 blocks across its on- and offshore basins up for bid.

News Release

Achieving U.S. recycled plastics goals by 2030 could cost $3bn

10 July 2019

Up to $3 billion in additional capital investment would be required to achieve current U.S. recycled plastics content goals by 2030, according to new analysis by Wood Mackenzie Chemicals

News Release

Global wind power capacity to grow by 60% over next 5 years

08 July 2019

Global wind power capacity additions are expected to sit at an annual average of 71GW from 2019-2023 and 76GW from 2024-2028, according to new research from Wood Mackenzie Power & Renewables.

News Release

New European solar installations to double over next 3 years

26 June 2019

New solar installations within the European market will double in the next 3 years to reach a level of approximately 20GW/year. Total installed capacity in the region will surpass 250GW by 2024, according to new research from Wood Mackenzie Power & Renewables.

News Release

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

11 June 2019

Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.

News Release

US energy storage market grows 232% year-over-year in Q1 2019

04 June 2019

New research from Wood Mackenzie finds that the U.S. energy storage market broke its previous record for megawatts deployed in a single quarter in Q1 2019.

News Release

Montney total production to increase by 16% in 2019

16 May 2019

Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day (bcfe/d) in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie.

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Search results: 867

US winter freeze hits global olefins market

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

LFG-to-RNG production to more than double by 2030, but project success depends on location and scale

After hitting new highs in 2023, US lower 48 oil production growth will begin to slow considerably in 2024 and beyond

European battery storage deployment expected to grow 45% year-over-year to 16GW in 2025 as German market faces 500 GW connection requests, grid bottlenecks and looming revenue canniblisation

New global wind power life cycle emissions to reach 55 Mt CO2 from 2020-2050

Upstream sector on the rebound – but ‘peak uncertainty’ fears weigh in 2022

Drought puts pressure on Brazil’s power sector

Producing green LNG is key for Australia to remain competitive

UK accelerates plan to cut carbon emissions

BMW Group must prioritise full-electric cars to meet 2030 targets

US energy storage market shatters records in Q3 2020

Global energy storage capacity to grow at CAGR of 31% to 2030

Key battery metals need more investment to meet climate targets

US electric truck sales set to increase exponentially by 2025

Australia’s energy storage capacity more than doubles to 1.2 GWh in 2020

US midstream takes hit as Lower 48 E&Ps turn off taps

Grid congestion chokes renewables investments in Eastern Australia

US storage market sets power capacity record with Q4 2019 deployments

Volkswagen to become world’s largest electric vehicle manufacturer by 2028

Europe to spearhead renewable energy cost reductions for offshore wind through 2028

Europe and North America will have over 1 million workplace EV chargers by 2025

WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector

Dominican Republic launches first licensing round

Achieving U.S. recycled plastics goals by 2030 could cost $3bn

Global wind power capacity to grow by 60% over next 5 years

New European solar installations to double over next 3 years

Comstock takes Haynesville lead with US$2.2bn Covey Park deal

US energy storage market grows 232% year-over-year in Q1 2019

Montney total production to increase by 16% in 2019