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News Release
China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters
- 21 八月 2018
Higher base chemicals demand and feedstock security for heavy naphtha are driving the development of a new wave of mega-integrated refinery and chemical sites in China. Private Chinese chemical producers, including Hengli and Rong Sheng, are back-integrating their chemical plants with refineries by building mega-integrated facilities. Wood Mackenzie expects these projects to come on stream in the next 12 to 24 months.
News Release
Alternate battery technology vendor ecosystem growing rapidly
- 16 八月 2018
Wood Mackenzie Power & Renewables expects new flavours of NMC chemistry, including 532 (5 parts nickel, 3 parts manganese, and 2 parts cobalt) and 622 (6 parts nickel, 2 parts manganese, and 2 parts cobalt) to start gaining market share by 2019.
Comment
Bidding down but sums higher in US Gulf of Mexico Lease Sale 251
- 15 八月 2018
On Wednesday, 15 August 2018, the US held its region-wide Lease Sale 251, attracting 171 bids from 29 participating companies, with high bids totalling US$178.1 million. An increase of about $53 million from the last region wide lease sale in March.
News Release
Global upstream project delivery is finally hitting the mark
- 14 八月 2018
Has the oil and gas industry finally turned around its reputation for always delivering upstream projects behind schedule and overbudget? Emerging signs of improved execution suggest companies are getting it right after a period of dismal performance on project returns, according to a new Wood Mackenzie report.
Comment
Escalation of US sanctions on Turkish aluminium imports would devastate Turkish downstream sector
- 10 八月 2018
Commenting on today's announcement from Donald Trump regarding the US' intentions to double tariffs on aluminium imports from Turkey, Wood Mackenzie Senior Research Analyst, Kamil Wlazly, said:
News Release
Inaugural Wood Mackenzie Prize awarded to Houston-based EY employee
- 10 八月 2018
This ADIT June exam session saw the inaugural award of the Wood Mackenzie Prize, which recognises the highest scoring pass in this year’s Upstream Oil and Gas exam, awarded to Gareth Charles Lewis, of Houston, Texas, USA, who is employed at EY.
Comment
Fresh wave of tariffs to hit US plastic pipes, hoses and tubes imports
- 09 八月 2018
Commenting on the announcement that the US will impose a 25% tariff on $16 billion worth of Chinese goods, including chemicals, Ashish Chitalia, Wood Mackenzie Principal Analyst, said:
Comment
More oil discovered in Carnavon Petroleum's Dorado-1 well
- 08 八月 2018
A sizeable discovery is significant for Quadrant, whose private equity backers are looking to exit, and Carnarvon, which is a pure-play explorer. A standalone oil discovery is easier to monetise than gas, as it does not require LNG contracts or gas infrastructure.
Comment
Market implications of Chinese tariffs on US LNG
- 03 八月 2018
Today China announced retaliatory tariffs on $60 billion worth of American imports, in response to the Trump administration's latest trade threats. The list included a 25% tariff on LNG.
Comment
China tariffs on US chemicals adds uncertainty to capital investment
- 03 八月 2018
Commenting on the news that China is planning to place tariffs on chemicals from the US, Senior Vice President Chemicals, Stephen Zinger, said:
Comment
BP buys BHP's L48 assets in 'transformative' $10.5bn deal
- 27 七月 2018
BP has bought BHP Billiton's US Lower 48 assets in a $10.5 billion deal. Wood Mackenzie believes the deal will be transformative for BP.
Comment
US LNG deal 'could be significant for relationship with Europe'
- 27 七月 2018
What does the EU's agreement to buy US LNG - announced after a meeting between European Commission president Jean-Claude Juncker and US President Donald Trump - mean for producers and consumers?
News Release
Poland tops growth league in Europe’s €14.1 billion flexible packaging market
- 18 七月 2018
According to PCI Wood Mackenzie's latest review of the European marketplace, 'Flexible Packaging European Supply Demand Report', Poland continued to be the fastest growing major flexible packaging market in Europe in 2017, increasing by over 5% during the year.
Comment
ICE announces futures contract based on Permian crude to Houston
- 17 七月 2018
The Intercontinental Exchange Inc., an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate crude oil futures contract with physical delivery in Houston. The exchange, which is slated to launch Q3 2018 subject to regulatory review, will provide traders with direct access to Houston prices.
Comment
Fire at Alpek's Altamira Mexico PTA plant to impact Americas and Europe PET resin production
- 17 七月 2018
Following a major fire at Alpek's Altamira Mexico PTA plant, which broke out on Sunday 15th July, PCI Wood Mackenzie Head of PET, Phil Marshall, said:
News Release
OPEC producers key to world supply through to 2040
- 16 七月 2018
Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.
News Release
US and Canada continue to see positive growth in flexible packaging but uncertainty slows Mexican market
- 12 七月 2018
PCI Wood Mackenzie's latest review of the North American marketplace, 'Flexible Packaging North America Supply Demand Report', reveals North America’s $24 billion flexible packaging industry remains the largest regional market in the world, accounting for around 28% of global flexible packaging demand in 2017.
Comment
Energy storage market poised for a boom Down Under
- 06 七月 2018
Looking at behind-the-meter, Australia was the biggest residential storage market in the world in 2017, with a tripling of residential storage deployments over the previous year. High retail electricity rates and diminishing or expiring feed-in tariffs have encouraged residential solar customers to choose storage for self-consumption benefits. As a result, over the past few years, Australia has been the preferred testbed for new residential energy storage products, as several technology vendors have first introduced their residential product portfolios in the country.
Comment
Chevron set to divest central UK North Sea assets
- 04 七月 2018
Chevron has announced it is planning to sell its central UK North Sea assets, including Captain, Elgin/Franklin, Erksine and Jade, to focus on the West of Shetland province.
Comment
BP seals asset swap with ConocoPhillips
- 04 七月 2018
BP agrees to increase its stake in the Clair field, offshore West of Shetland, and divest its interest in Greater Kuparuk, in Alaska, via an asset swap with ConocoPhillips
Comment
INEOS €2.7 billion chemicals investment good news for European olefins industry
- 03 七月 2018
Commenting on the announcement that INEOS has approved a €2.7 billion capital project to build both a world scale ethane cracker and a PDH (Propane Dehydrogenation) unit in Northern Europe, Patrick Kirby, PCI Wood Mackenzie Principal Analyst, said:
Comment
Mexico's new president: Energy future at a crossroads
- 02 七月 2018
After a contentious campaign, Andrés Manuel López Obrador has won the presidency. Now, the energy industry is trying to determine the incoming administration’s strategic priorities and the implications for Mexico’s energy reforms and its upstream, downstream, gas and power markets.
News Release
Rise in new players in Southeast Asia's upstream sector
- 28 六月 2018
Since the fall in oil prices in 2014, oil majors and international oil companies (IOCs) have accelerated a shift towards resource themes and regions offering higher returns, lower complexity and shorter timeframes, away from the more challenging regions such as Southeast Asia. To date, close to 800 million barrels of oil equivalent (boe) of the region's resources have left the hands of majors and IOCs.
News Release
OPEC+ deal balances consumer pressure with need for stable prices
- 23 六月 2018
The OPEC+ meeting, held in Vienna on 23 June 2018, confirmed Saudi Arabia and Russia’s high-level commitment to co-operate to manage the oil market.
Comment
Potential gas shortfall in Australia's East Coast starting between 2023 and 2025
- 22 六月 2018
In contrast to the 2018 GSOO released today by the AEMO, Wood Mackenzie’s East Coast Gas report identifies a potential gas shortfall between 2023 and 2025, significantly earlier to the GSOO’s estimate of 2030.
News Release
New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production
- 20 六月 2018
Brazil's new local content regulations could fast-track the deployment of FPSO units, speeding up the pace of pre-salt oil production by more than 21 billion barrels by the mid-2020s, a new report by Wood Mackenzie analysing the impact of new local content rules on production, royalty collection and job creation has found.
Comment
China retaliates with tariffs on $34 billion worth of US goods
- 18 六月 2018
Following China's imposition of retaliatory tariffs on US goods over the weekend, our experts weigh in on the potential impact the move will have on different commodities.
News Release
China's LNG trucking capacity to double in medium term
- 18 六月 2018
Wood Mackenzie estimates LNG trucking capacity in China to double to 38 million tonnes (mt) by 2025. China is the world's largest LNG trucking market. In 2017, 19 mt of LNG was transported via tanker truck from domestic liquefaction plants and LNG import terminals to downstream markets. This volume accounts for 12% of total gas consumption.
Comment
Tokyo Gas and Centrica deal indicates optimism returning to global LNG markets
- 15 六月 2018
Commenting on the announcement that Centrica and Tokyo Gas have signed a heads of agreement for LNG procurement, Giles Farrer, Wood Mackenzie Research Director, said:
Comment
Indorama and Dhunseri Petrochem to restart 540 kt EIPET PET asset in Egypt
- 15 六月 2018
Commenting on the announcement that Indorama have joined forces with India’s Dhunseri Petrochem to buy and operate the Egyptian Indian Polyester Company PET asset (EIPET) in Egypt, Phil Marshall, PCI Wood Mackenzie Head of PET, said:

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