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News Release
Outlook sluggish for upstream M&A
- 21 一月 2019
Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.
Comment
Fibrant Nanjing declares force majeure on Caprolactam
- 18 一月 2019
Commenting on Fibrant Nanjing's announced force majeure on Caprolactam, Dr. Crystal Chiang, Wood Mackenzie Chemicals Asia Polyamide Director, said:
News Release
Looming supply chain crunch threatens US wind energy boom
- 09 一月 2019
Read about the potential supply chain issues facing the US wind energy industry & how they may impact its growth.
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:
Comment
Medco Energi's potential takeover of UK-listed Ophir Energy
- 02 一月 2019
On the first day of 2019, Ophir announced it was in talks with Indonesia's Medco Energi regarding a cash takeover. No amount or other details have yet been released, other than Medco has to make a clear binding offer by the 28th of January if a deal is to proceed. Ophir's upstream portfolio includes assets in Thailand, Vietnam, Indonesia, Malaysia, Equatorial Guinea and Tanzania. It also has exploration acreage in Mexico and Bangladesh.
Comment
Full steam ahead for Tortue FLNG
- 21 十二月 2018
Sanctioning the Tortue FLNG project, offshore Mauritania/Senegal is a 'major milestone' for BP and its partners
News Release
US Gulf of Mexico poised for historic year in 2019
- 19 十二月 2018
Next year is shaping up to be a good one in the US Gulf of Mexico, with the first increase in drilling in four years, first-ever production from a Jurassic play, key new project sanctions and an uptick in M&A all in the cards, according to Wood Mackenzie's annual US Gulf of Mexico outlook.
News Release
North America to lead next wave of global LNG projects
- 18 十二月 2018
North America will lead the next wave of global LNG project sanctions in 2019, with three US Gulf Coast developments expected to reach final investment decision (FID) in the first half of 2019, according to Wood Mackenzie's latest quarterly North America LNG projects update.
News Release
Upstream companies positioned to thrive in 2019
- 17 十二月 2018
Price volatility. Market turbulence. Geopolitical tensions. As 2018 draws to a close the stage is already set for a fascinating 2019 in the upstream industry. In the recently published 2019 upstream and corporate outlook reports, Wood Mackenzie highlights how well prepared the industry is to adapt and thrive in tumultuous times.
News Release
Solar tariffs hold back Q3 installations, scramble project timelines as procurement pipeline booms
- 13 十二月 2018
The Section 201 solar tariffs took a toll on U.S. utility-scale solar installations in the third quarter according to the U.S. Solar Market Insight Report for Q3 from Wood Mackenzie Power & Renewables and the Solar Energy Industries Association (SEIA). The residential market, meanwhile, continued...
Comment
Chevron loses second major production asset in South East Asia
- 13 十二月 2018
Following today's announcement by Thailand's Department of Mineral Fuels (DMF) that PTTEP has won the auction round for both G1/61 (Erawan) and G2/61 (Bongkot) PSCs after putting an aggressive bid on the gas price and the profit share, Wood Mackenzie's research analyst Jean-Baptiste Berchoteau shares some insights.
News Release
Major LNG buyers' uncontracted demand to quadruple by 2030
- 13 十二月 2018
Wood Mackenzie's latest research reveals that uncontracted demand by the world's seven largest LNG buyers could quadruple to 80 million tonnes per annum (mmtpa) by 2030.
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
OPEC and Russia agree output deal
- 07 十二月 2018
OPEC and its allies agreed a 1.2 million barrel per day cut after two days of tense meetings in Vienna.
News Release
New technology investments to boost growing global wind market
- 06 十二月 2018
Wind turbines are set to become even bigger and better in an effort to maintain consistent downward trends of Levelized Cost of Electricity (LCOE), according to new research by Wood Mackenzie Power & Renewables. “Rapid technology developments have been a large driver of elevating wind to a compet...
News Release
US energy storage project pipeline doubles in 2018, nears 33 GW
- 06 十二月 2018
The pipeline for energy storage projects in the U.S. has doubled this year, ballooning to 32.9 gigawatts, according to the latest U.S. Energy Storage Monitor from Wood Mackenzie Power & Renewables and the Energy Storage Association (ESA). While not all of the projects will come to fruition, this ...
Comment
Chevron Phillips Chemical to cease US paraxylene production
- 06 十二月 2018
Commenting on the news that Chevron Phillips Chemical will cease paraxylene production in the U.S at the end of this year, Gordon Haire, Wood Mackenzie Chemicals Research Director, said:
Comment
ExxonMobil's Pluma marks a perfect 10
- 04 十二月 2018
ExxonMobil’s exploration success in the last few years has established the Guyana basin as one of the world’s offshore exploration hotspots. Luiz Hayum, research analyst with Wood Mackenzie's Latin America upstream oil and gas team, comments on Exxon's latest find, Pluma.
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.
News Release
2-degree world out of reach even under accelerated energy transition
- 30 十一月 2018
The global energy transition is underway, but is a 2-degree world within reach? In its alternative energy outlook, Carbon-constrained scenario 2018: Navigating a challenging path to lower global emissions, Wood Mackenzie explores how commodity demand and carbon emissions react by an accelerated deployment of power and transport sector technologies.
News Release
Is deepwater ready for cost inflation?
- 27 十一月 2018
In a newly published report, Wood Mackenzie notes that the deepwater industry appears in good health, following a sustained cost reduction through the downturn. However this hard work is in danger of being undone, as impending cyclical cost inflation could raise break-even costs once again.
News Release
What do the US mid-term election results mean for renewable energy?
- 21 十一月 2018
The results of this year's U.S. mid-term elections may open a path for higher renewable portfolio standards and gigawatts of solar and wind deployments, according to a new analysis from Wood Mackenzie Power & Renewables.
News Release
European energy storage markets heating up with total deployments nearing global highs
- 20 十一月 2018
According to a new report from Wood Mackenzie Power & Renewables, an increasing number of major utilities have made strategic plays by investing in a relatively new European energy storage market over the past two years
News Release
How digitalisation transformed the US Lower 48
- 12 十一月 2018
Upstream oil and gas companies are accelerating the implementation of big data applications and digital technologies to help transform their businesses. But how close is industry to achieving this? Where does the US Lower 48 stand in this transformation? A new study drills down into digitalisation in the upstream sector and identifies the technologies and applications being employed today and evaluates their potential impact.
News Release
Big Data adds up to big savings for upstream players
- 12 十一月 2018
The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.
Comment
Explorers hit the jackpot in sub-Saharan Africa
- 06 十一月 2018
In the past 10 years, explorers in sub-Saharan Africa have turned up more giant discoveries than any other region. But converting volume into value is undoubtedly sub-Saharan Africa’s Achilles heel.
Comment
What next for the oil market as the US reimposes sanctions on Iran?
- 06 十一月 2018
What next for the oil market as the US reimposes sanctions on Iran?
Comment
Hammond raises hopes of decommissioning hub role for Scotland
- 30 十月 2018
In the Autumn Statement, the UK's Chancellor of the Exchequer Philip Hammond did not make any headline changes to oil and gas tax rates, setting out instead plans to make a "call for evidence" on how to establish Scotland as a global hub for decommissioning.
Comment
Plastics recycling tax likely to increase cost of plastics packaging in short-to medium term
- 29 十月 2018
Commenting on UK Chancellor Philip Hammond's Budget announcement of a new tax on the manufacture and import of plastic packaging that contains less than 30% recycled plastic, Wood Mackenzie Head of PET, Philip Marshall, said:
News Release
Upstream players need to boost spending to meet future demand
- 24 十月 2018
Wood Mackenzie forecasts that global oil and gas development spend needs to increase by around 20% to meet future demand growth and ensure companies sustain production next decade.

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