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Last week in Singapore, sector leaders, including CEOs, took to the stage for Wood Mackenzie’s 6th APAC Energy and Natural Resources Summit. The theme was ‘Rebooting Asia’s energy transition’.
Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of global primary energy demand and a 60% share of global carbon emissions until 2050. This trend is unlikely to change without strong policy action and investment. However, the region still has the potential to turn these challenges into opportunities and become a global leader in the energy transition.
What does the path to net zero look like in world's largest market for oil, gas and coal?
Exploration, project sanctions, CCUS legislation and more.
Australia sees record volume of upstream M&A deals, despite regulatory turmoil
Wood Mackenzie's 150 minute online training course on 5 June 2024 for the refining industry will allow attendees to get up to speed on its fundamentals to deepen knowledge on the role of refining within the oil and petrochemicals value chain.
Investment barriers still to be tackled
High prices have supported a surge in Asia Pacific energy investment, but prices are falling fast and undermining vital support for battery storage.
Australia’s oil and gas industry needs to urgently fast-track the creation of energy “super basins” to provide a pathway to greater sustainability and cut emissions, according to Anne Forbes, Upstream Research Analyst at Wood Mackenzie.
Business leaders see confidence in Australia’s investment climate at risk.
The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing upstream providers to pivot to new strategies, according to “Scraping the Barrel” a new Horizons analysis from Wood Mackenzie.
Gas price caps across Australia’s east coast spook producers and LNG buyers.
Wood Mackenzie's APAC team looks at China’s re-opening and what it means for energy sector investment.
After exploring the current crisis and taking a deeper look into Asia’s energy transition, Gavin Thompson gives his take on the five key themes that are shaping the future of energy and natural resources across Asia Pacific.
A preview of our Energy & Natural Resources Summit: APAC
Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by Wood Mackenzie.
Without action, a disorderly energy transition across Asia Pacific is looming.
A growing number of the world’s major banks, asset managers, and insurers are signatories to the GFANZ, aligning behind the goals of the Paris Agreement. To access capital, oil and gas companies must meet tightening climate criteria adopted by many of the world’s leading financial institutions.
As fears mount over gas and electricity shortages in New South Wales and Victoria, one producer bluntly told me: “Folks in Melbourne better get used to cold showers.”
Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin.
Innovation and investment in the decarbonisation of LNG will play an important role in both boosting energy security and tackling climate change.
Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according to a recently published LNG contract trends report by Wood Mackenzie.
China’s relentless battle against Covid-19 continues, with the country’s ‘dynamic clearing’ policy requiring all local governments to implement strict containment measures as soon as local cases climb into double figures.
As the pressure to cut emissions intensifies, no company can remain above the fray. But while the Majors and other international oil companies face increasing calls to decarbonise, many of the world’s largest national oil companies (NOCs) have so far avoided the same level of scrutiny.
Eastern Australia’s gas and power markets are at the forefront of Asia Pacific’s energy transition. Markets are undergoing a radical transformation, one which could see gas demand decline by 60% in 2050, depending on the pace of the energy transition, Wood Mackenzie, a Verisk business (Nasdaq:VRSK), said today.
China is also committed to achieving net-zero emissions by 2060. Could Russia’s ambition to rotate the direction of its energy exports through 180 degrees flounder on China’s decarbonisation?
China just re-wrote the global energy record book. Driven by the country’s surging economic growth, 2021 saw China record the largest ever absolute annual increase in electricity demand by any country in history.
There is little doubt the Beijing 2022 organisers have gone to great lengths to achieve carbon neutrality, but does it actually matter?
Join us for our 'Wood Mackenzie in partnership with The Korea Gas Union – Impact of sanctions and conflict on the global gas and LNG outlook?" webinar when we will discuss the latest research and developments in the region
Join us for our 'Can Australian operators prioritise the decarbonisation of LNG in a high-priced world?" webinar when we will discuss the latest research and developments in the region.
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