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News Release
US solar market passes 100 GW milestone
- 15 六月 2021
The US solar market surpassed 100 gigawatts (GWdc) of installed electric generating capacity, doubling the size of the industry over the last 3.5 years, according to the US Solar Market Insight Q2 2021 report, released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.
News Release
US energy storage market sets Q1 record for deployments
- 08 六月 2021
According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 910 megawatt-hours (MWh) of new energy storage systems were brought online in Q1 2021. This is an increase of 252% over Q1 of last year, making it the biggest Q1 so far for the US storage market.
News Release
Europe emerges as global LNG price-setter
- 27 五月 2021
Global liquefied natural gas (LNG) markets were set to tighten over the next five years, driven by a slowdown in global LNG supply growth. But Europe’s market dynamics are turbo-charging the price recovery, with TTF currently trading close to US$9 per million British thermal units (/mmbtu), a level not seen since mid-2018. Following the recent winter spot price spike in Asia, the European market has been sustaining global LNG prices, making the region a battleground for global LNG price formation, new research from global natural resources consultancy Wood Mackenzie found.
Comment
Colonial Pipeline cyberattack may benefit European refiners
- 10 五月 2021
The 2.5 million barrels per day (b/d) Colonial Pipeline moves roughly 45% of the US East Coast's supply of gasoline, diesel, and jet fuel from the Gulf Coast. The duration of the outage following the cyberattack on 7 May 2021 is uncertain. In the short term, Wood Mackenzie expects fuel demand and prices to rise in PADD 1, prompting refined fuel inventories to decline and PADD 1 refiners to maximize production.
News Release
Texas deep freeze: lingering impacts on US petrochemical industry
- 19 三月 2021
Last month’s winter storm paralysed the US petrochemical industry. Operations at US Gulf Coast petrochemical facilities have yet to fully recover one month after freezing temperatures triggered wide-spread power outages and plant shutdowns.
News Release
U.S. solar industry sets records in 2020, on track to quadruple by 2030
- 16 三月 2021
The U.S. solar industry grew 43% and installed a record 19.2 gigawatts (GWdc) of capacity in 2020, according to the ‘U.S. Solar Market Insight 2020 Year-in-Review’ report, released today by Wood Mackenzie and the Solar Energy Industries Association (SEIA).
News Release
US energy storage market shatters quarterly deployment record
- 03 三月 2021
According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest ‘US Energy Storage Monitor’ report, 2,156 megawatt-hours (MWh) of new energy storage systems were brought online in Q4 2020. This is an increase of 182% from Q3 2020, making Q4 the new record quarter for U.S. storage.
News Release
US winter freeze hits global olefins market
- 19 二月 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
US winter storm impacts on the polyester value chain
- 18 二月 2021
As the US deals with this week’s winter storm, refining and petrochemicals outages could have an impact on the global polyester chain, according to Wood Mackenzie.
News Release
Resilience and sustainability to be core oil and gas themes of 2021
- 19 一月 2021
Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.
News Release
Future of gas in energy transition to be defined in 2021
- 14 一月 2021
2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.
Comment
Gulf of Mexico lease sale 256 – business as usual despite upcoming change in administration
- 19 十一月 2020
On Wednesday, 18 November, the United States held its region-wide Gulf of Mexico (GoM) Lease Sale 256 and received 105 bids from 23 participating companies, with high bids totalling US$121 million.
News Release
Five consequences of a Biden administration for US energy
- 07 十一月 2020
Joe Biden offered American voters a radically different vision of energy policy from President Donald Trump, focused on addressing the threat of climate change. He will enter the White House with a goal of setting the US on course for net zero greenhouse gas emissions by 2050 and will take the US back into the Paris climate agreement.
News Release
ConocoPhillips swoops on Concho in $9.7bn all-stock deal
- 19 十月 2020
Speaking after ConocoPhillips announced it will take over Concho Resources in a $9.7 billion all-stock deal, Robert Clarke, vice president, Lower 48 upstream, at Wood Mackenzie, said: “The combination is remarkable. Just in scale, ConocoPhillips is adding enough Permian production to nip at the heels of ExxonMobil’s massive programme."
Comment
Hess sells Shenzi stake to BHP in US$505m deal
- 05 十月 2020
Hess is selling its 28% working interest in the Shenzi field in US Gulf of Mexico to operator BHP.
News Release
Global energy storage capacity to grow at CAGR of 31% to 2030
- 30 九月 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.
Comment
Devon seals WPX merger
- 28 九月 2020
Speaking after the merger of Devon Energy and WPX Energy was announced this morning, Alex Beeker, principal analyst, corporate upstream, at Wood Mackenzie, said: “Tight oil consolidation has been underway for years, but extreme market volatility has slowed the process considerably. WTI has essentially hovered around US$40/bbl since June, with the stability likely closing the bid-ask spread. “We’ve expected Devon to make a move for some time. With US$1.5 billion in cash on its balance sheet (albeit earmarked for debt reduction), Devon is on a relatively strong financial footing. But Devon has been shrinking fast since its disposal program started in earnest about two years ago. The company’s net production is down 40% since 2018.”
News Release
Utilities drive Q2 growth in US as pandemic causes drop in rooftop solar installations
- 10 九月 2020
The US solar market installed 3.5 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q2 2020, a drop of 6% from Q1 installations. At the same time, utility-scale solar remained resilient despite the Covid-19 pandemic, representing 71% of all new solar capacity brought online in Q2.
News Release
What could a Biden win mean for electric vehicle adoption in the US?
- 08 九月 2020
The Biden campaign has previously underlined the important role electric vehicles (EV) will play in reducing greenhouse gas emissions in the US. To encourage EV adoption, the campaign has three key targets: deploying 500,000 new public EV charging outlets, restoring the full EV tax credit, and developing a new fuel economy target.
News Release
US energy storage market sets Q2 record for deployments
- 03 九月 2020
According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 168 MW were deployed in Q2 2020. This is an increase of 72% quarter-over-quarter, 117% year-over-year and is the second-highest quarterly total ever seen, falling just behind Q4 2019 (186.4 MW).
News Release
US electric truck sales set to increase exponentially by 2025
- 10 八月 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
Record number of microgrids installed in US last year
- 22 七月 2020
546 microgrids were installed in the United States during 2019, more than any previous year, according to new research from Wood Mackenzie.
Comment
Chevron swoops on Noble in US$13bn deal
- 20 七月 2020
Chevron is set to buy Noble Energy in a US$13 billion all-stock transaction, including US$5 billion in equity. This is the first large-scale corporate acquisition of this downturn.
Comment
'Perfect storm' scuttles Atlantic Coast Pipeline
- 06 七月 2020
With the cancellation of the Atlantic Coast Pipeline (ACP) on 5 July, the project becomes the northeast US’ infrastructure market’s third high-profile victim in the last six months. Dominion and Duke Energy’s decision to pull the plug on ACP comes after the cancellation of the Constitution Pipeline in February and state water permit denial effectively scuppering the Northeast Supply Enhancement project in May.
News Release
Chesapeake Energy – shale’s great disruptor – files for Chapter 11
- 28 六月 2020
Speaking after Chesapeake Energy filed for Chapter 11 bankruptcy protection on 28 June, Alex Beeker, principal analyst on Wood Mackenzie’s corporate upstream team, said: “It’s difficult to point to another company that has made more of a widespread impact on the US shale sector than Chesapeake.
News Release
US offshore wind powers up
- 23 六月 2020
The US offshore wind industry is set to power up over the coming decade. New research from Wood Mackenzie shows that as the sector ramps up from near-zero today, it could deliver as much as 25 gigawatts (GW) in 2029, capturing almost half of the US market for new wind power installations.
News Release
US solar market sets Q1 record but pandemic mutes Q2 outlook
- 11 六月 2020
The U.S. solar market installed 3.6 gigawatts (GW) of new solar photovoltaic (PV) capacity in Q1 2020, representing its largest first quarter ever and 40% of all new electric generating capacity additions in the United States.
Comment
Market set to tighten as OPEC+ agrees to extend 9.7 million b/d output cut
- 06 六月 2020
OPEC+ today (6 June 2020) agreed a one-month extension of the 9.7 million barrels per day (b/d) production cut. The extension will tighten the market further and could see Brent prices rise from the current $40/bbl toward $45-to-$50/bbl.
News Release
US midstream takes hit as Lower 48 E&Ps turn off taps
- 03 六月 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
US energy storage market sees strong first quarter despite coronavirus
- 02 六月 2020
The United States energy storage sector saw a strong first quarter, with residential storage setting another record while the non-residential market had its third-strongest quarter on record.

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