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World heading for a 3-degree C warming trajectory, as political headwinds slow the energy transition

02 五月 2024

A five-year delay to the energy transition could see the global average temperature rise to 3-degree Celsius above pre-industrial levels.

News Release

As project economics rebound, upstream FIDs to increase in 2024, with focus on deepwater resources

14 三月 2024

Up to 30 upstream projects larger than 50 million of barrels of oil equivalent (boe) could reach FID in 2024, an increase from 22 in 2023, according to a new report from Wood Mackenzie.

News Release

Upstream scope 1 & 2 emissions intensity down 12% since 2017, but more work is needed on absolute emissions

06 三月 2024

Scope 1 and 2 upstream emissions intensity has declined 12% since 2017, however, absolute emissions could plateau due to production growth, according to a new report from Wood Mackenzie.

News Release

Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

01 二月 2024

Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in 2030, the shift to a 12 million b/d target from 13 million b/d should be absorbed in the market and not cause a tightening in the supply and demand balance this decade.”

News Release

Key things to watch in upstream in 2024

11 一月 2024

Geopolitical tensions, a record year for elections and economic uncertainty will define the backdrop to the upstream industry in 2024. Wood Mackenzie recently released its What to Look for in 2024 upstream series. Key themes to watch in global and corporate upstream include continued consolidation, increased activity from NOCs, reversing decarbonisation gains, shifts in strategic playbooks and an upstream investment plateau.

News Release

COP28: Middle East could play a key role in decarbonising global economy

23 十一月 2023

Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

News Release

7 Btpa of carbon capture needed to meet net zero by 2050

16 十月 2023

Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Mhairidh Evans, head of CCUS research for Wood Mackenzie, said that urgency is needed to meet the seven billion tonnes carbon capture (Btpa) required to meet net zero goals in 2050.

News Release

Wood Mackenzie launches Lens Carbon

13 十月 2023

Wood Mackenzie, the global insight business for renewables, energy and natural resources, has launched Lens Carbon, a unique end-to-end solution that enables users to screen, analyse and value carbon management projects on a global scale.

News Release

FLNG sector thriving amid projects boom

31 八月 2023

The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

News Release

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

16 八月 2023

Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

News Release

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

20 七月 2023

Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

News Release

TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey

27 六月 2023

French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey.

News Release

Floating rig utilization rebounds to pre-COVID levels

12 六月 2023

Rig utilization has returned to pre-COVID levels, driving rates up 40 percent in the past year as demand is forecast to increase another 20 percent from 2024-2025, according to a recent report from Wood Mackenzie.

News Release

Oil and mining companies must adapt new strategies to deliver low-carbon transition

20 四月 2023

As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

News Release

Wood Mackenzie appoints new Chief Financial Officer

27 三月 2023

Wood Mackenzie, a portfolio company of Veritas Capital, has appointed Simon Crowe to its global executive leadership team as Chief Financial Officer (CFO), effective 27th March.

News Release

Veritas Capital completes acquisition of Wood Mackenzie

02 二月 2023

Veritas Capital (“Veritas”), a leading investor at the intersection of technology and government, today announced that an affiliate of Veritas has completed the purchase of Wood Mackenzie from Verisk (Nasdaq: VRSK).

News Release

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

06 十二月 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

Wood Mackenzie launches Lens Gas & LNG

15 十一月 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

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

28 十月 2022

Scope 3 emissions account for 80-to-95% of total carbon emissions from oil and gas companies. But only a small number of these firms have set Scope 3 net zero ambitions, according to a recent report from Wood Mackenzie.

News Release

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

01 九月 2022

High natural gas prices will continue to drive down European demand to seven percent below the five-year average through March, leaving a best-case scenario of storage levels at 31% at winter’s end, in line with the five-year average, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

News Release

The Australian energy crisis highlights the need for new gas supply

29 八月 2022

With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

News Release

CCUS planned capacity nearing 1 billion tonnes per annum

26 八月 2022

US Inflation Reduction Act bill set to boost CCUS uptake but more is needed to meet net zero goals by 2050

News Release

Half of traditional super basins are future-fit and they have three things in common

21 七月 2022

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.

News Release

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

17 六月 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

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

16 六月 2022

War in Ukraine is transforming the outlook for the supply, demand and price of hydrocarbons and the pace and cost of the energy transition. While the precise timing and implementation of future bans on Russian commodity imports are difficult to predict, a rewriting of energy trade flows is now underway.

Comment

Major energy players raise the game in green investments in Asia

15 六月 2022

BP confirmed today that it picked up over 40% stake in the Asian Renewable Energy Hub project to produce and export green hydrogen in Australia.

Comment

Shell sanctions Crux gas project

30 五月 2022

Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin.

News Release

Market searches for new Henry Hub ceiling price as supply/demand response remains unusually muted

22 四月 2022

The recent run up in natural gas prices - hitting its highest at Henry Hub since 2008 - is a result of more muted market balancing mechanisms than in the past, say analysts from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

News Release

How the energy transition can reduce the risk of future shocks

21 四月 2022

Five key lessons from today's energy crisis on how to manage the shift to lower-carbon sources while strengthening energy security

News Release

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

13 十二月 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.

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Search results: 149

World heading for a 3-degree C warming trajectory, as political headwinds slow the energy transition

As project economics rebound, upstream FIDs to increase in 2024, with focus on deepwater resources

Upstream scope 1 & 2 emissions intensity down 12% since 2017, but more work is needed on absolute emissions

Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

Key things to watch in upstream in 2024

COP28: Middle East could play a key role in decarbonising global economy

7 Btpa of carbon capture needed to meet net zero by 2050

Wood Mackenzie launches Lens Carbon

FLNG sector thriving amid projects boom

Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey

Floating rig utilization rebounds to pre-COVID levels

Oil and mining companies must adapt new strategies to deliver low-carbon transition

Wood Mackenzie appoints new Chief Financial Officer

Veritas Capital completes acquisition of Wood Mackenzie

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

Wood Mackenzie launches Lens Gas & LNG

Few oil and gas companies commit to Scope 3 net zero emissions as significant challenges remain

Wood Mackenzie predicts European gas demand will continue to fall, helping gas storage outlook for this winter and the following

The Australian energy crisis highlights the need for new gas supply

CCUS planned capacity nearing 1 billion tonnes per annum

Half of traditional super basins are future-fit and they have three things in common

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

Complete ban on Russian commodity exports accelerate LNG growth and energy transition

Major energy players raise the game in green investments in Asia

Shell sanctions Crux gas project

Market searches for new Henry Hub ceiling price as supply/demand response remains unusually muted

How the energy transition can reduce the risk of future shocks

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