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News Release
Brazil’s consumers ‘pay price’ for power costs problems
- 12 February 2020
New research from global natural resources consultancy Wood Mackenzie indicates the fuel pricing mechanism used by Brazil’s Energy Planning Agency (EPE) in the country’s power auctions does not align with the New Gas Market programme – and Brazilian electricity consumers may pay the price for this.
News Release
Global battery electric vehicle sales to surge in 2020s
- 10 February 2020
The second half of the 2010s saw the rebirth of the battery electric vehicle (BEV).
News Release
Can offshore wind sustain double-digit growth?
- 06 February 2020
According to Wood Mackenzie figures, offshore wind will constitute 25% of total wind demand in 2028 - up from 10% in 2019 - and will narrow the gap with offshore upstream oil and gas in terms of capital expenditure deployment.
News Release
Global onshore wind industry to reach maturity in 2020s
- 05 February 2020
Solar power has emerged as the biggest threat to onshore wind's dominance in the decarbonisation battle. However, the tools available to the wind sector to combat this challenge are diminishing, according to Wood Mackenzie.
News Release
Will renewables displace conventional fuels in Asia’s growth markets in the 2020s?
- 05 February 2020
In a new report, Wood Mackenzie highlights trends that will shape Asia Pacific’s power and renewables markets this decade.
News Release
Global energy transition and supply issues key for aluminium in 2020
- 03 February 2020
Potential supply disruptions in the Gulf and West Africa are key to the outlook for aluminium in 2020, according to Wood Mackenzie.
News Release
2020 gets off to a bumpy start for the refining sector
- 21 January 2020
This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 2020 regulations, and US tight oil production slowing, among them.
News Release
2020 to be year of transition for global olefins industry
- 20 January 2020
Wood Mackenzie expects the combined capacity expansion of base olefins - ethylene, propylene and butadiene - to hit unprecedented levels of around 20 million tonnes in 2020. This represents an increase of 6% on 2019 levels.
News Release
Iron ore – 5 things to watch in 2020
- 20 January 2020
Slower demand growth (especially in China) and a decent recovery in seaborne supply will continue to feature prominently in the iron ore industry in 2020. Prices will fall, with annual average price forecast for 2020 at $80/t.
News Release
Volkswagen to become world’s largest electric vehicle manufacturer by 2028
- 14 January 2020
Volkswagen has pledged to become carbon-neutral by 2050. Included in its roadmap for reaching this target is a plan to manufacture 22 million electric vehicles by 2028. Wood Mackenzie expects the company to miss this target. However, according to Wood Mackenzie's analysis, VW will hit 14 million EVs by 2028 - making it the world's largest EV manufacturer by the end of the decade.
News Release
Asia Pacific gas and LNG - 6 themes to watch in 2020
- 13 January 2020
Wood Mackenzie has identified six themes that will impact Asia Pacific’s gas and LNG markets in 2020.
News Release
North Sea to remain global hotspot in 2020
- 09 January 2020
It will be a noteworthy year for the North Sea – companies will increase production for the first time since 2017 and the outlook for both exploration and investment is looking healthy. The region will remain a global hotspot for deals as the corporate landscape continues to evolve. Crucially, the North Sea will also see major steps towards decarbonisation.
News Release
OPEC+ set to make its choice
- 05 December 2019
OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”
News Release
JCC-indexed LNG contracts could lose US$15 billion value post IMO 2020
- 21 November 2019
Wood Mackenzie’s latest report reveals that LNG sellers with contracts linked to JCC (Japan Crude Cocktail) could lose some US$15 billion in unearned revenues. This is a result of the IMO 2020 regulation limiting sulphur content of marine fuels to up to 0.5%, which directly affects the price of sour crudes such as those composing the JCC mix. The IMO 2020 kicks in on 1st January 2020.
News Release
Europe to spearhead renewable energy cost reductions for offshore wind through 2028
- 18 November 2019
Europe’s levelised cost of energy (LCOE) for bottom-fixed offshore wind will fall from an average of $133/MWh in 2019 to $51/MWh in 2028, according to new research by Wood Mackenzie.
News Release
Asia Pacific’s decarbonisation bill to hit US$3.5 trillion in 2040
- 12 November 2019
Recent research by Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit US$3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear, and hydro power, collectively referred to as zero-carbon energy between now and 2040, under Wood Mackenzie’s accelerated transition scenario.
News Release
Seismic changes across upstream as industry grapples with energy transition
- 12 November 2019
The energy transition is undoubtedly impacting corporate upstream strategies in significant and disruptive ways. Coupled with the post-2014 downturn in oil prices, Wood Mackenzie sees seismic changes in the way the industry allocates capital across development, exploration and in particular M&A.
News Release
Renewable electricity to deliver on Europe’s 2030 climate-energy goals
- 07 November 2019
If European member states deliver their individual National Energy and Climate Plans, renewables will account for around 53% of power supply in 2030. Europe is on track to hit this target, although the performance of individual countries will vary, according to analysis from Wood Mackenzie.
News Release
Europe and North America will have over 1 million workplace EV chargers by 2025
- 06 November 2019
The North America and Europe workplace EV charging markets could surpass a combined 500,000 charger units in 2022 and reach over 1.25 million by 2025, according to new research from Wood Mackenzie.
News Release
Vietnam becomes Southeast Asia’s hottest solar PV market
- 01 November 2019
Vietnam is now the leader in Southeast Asia’s solar photovoltaic (PV) market with the largest installed capacity in the region.
News Release
Balance-of-systems costs for US non-residential storage to drop
- 24 October 2019
Non-residential storage system costs will fall by 27% in the US over the next five years, according to new research from natural resources consultancy Wood Mackenzie.
News Release
Wood Mackenzie’s new data technology transforms upstream valuations
- 09 October 2019
Natural resources research and consultancy Wood Mackenzie launches the world’s first Global Upstream Valuation solution, enabling organisations from the largest oil and gas companies to global banks to value assets around the globe in seconds.
News Release
Unplanned solar plant repairs to cost industry $16 billion over next 6 years
- 08 October 2019
Annual solar plant operations and maintenance (O&M) costs will grow from nearly $4.5 billion in 2019 to just over $9 billion in 2024. This increase is due to future demand growth and current installed capacity. Unplanned repairs alone can cost owners up to $3,000/MW/year, based on an average-sized solar power system of 50MW, according to new research from Wood Mackenzie.
News Release
What are ExxonMobil’s top 5 divestment targets in Asia Pacific?
- 07 October 2019
Wood Mackenzie has identified the five most likely disposal candidates after ExxonMobil signalled the start of its Asia Pacific divestment programme. Together, these opportunities are worth US$5 billion, and could contribute a third of the Supermajor's global divestment target.
News Release
Coal is still king in Southeast Asia’s power market
- 25 September 2019
According to a new report by Wood Mackenzie, coal will continue to be the dominant fuel source in power generation, peaking at 2027 before slowing down and accounting for 36% of the region’s generation mix in 2040.
News Release
US PET and aromatics markets face major restructuring if plastics recycling goals met by 2030
- 10 September 2019
Meeting current US recycled plastics content goals by 2030 would significantly alter the region's PET resin and upstream aromatics markets, according to a recent analysis from Wood Mackenzie.
News Release
US residential energy storage surges
- 10 September 2019
A record 35 megawatts of residential storage was deployed in Q2 as a result of rising customer interest and support incentives in more state markets
News Release
Strategic vendors and European utilities dominate EV charging M&A activity
- 05 September 2019
Strategic vendors - companies that offer products or services in the EV market - and European utilities were responsible for over 80% of electric vehicle (EV) charging M&A activity from 2010 through H1 2019, according to new research from Wood Mackenzie.
News Release
Has M&A created value in the North Sea?
- 04 September 2019
Since the turn of the decade, it’s been a frenetic period for M&A in the North Sea. Against a backdrop of oil price volatility and a dramatically changing corporate landscape, activity reached record levels. But have acquisitions created value so far? Wood Mackenzie recently analysed 55 of the largest North Sea deals announced between 2012 and 2018 from today’s vantage point to quantify underlying value creation.
News Release
Wind turbine order capacity hit a record high in Q2 2019
- 04 September 2019
Global wind turbine order intake increased 111% YoY, overtaking the previous record set in Q4 2018 by 13.2GW, according to new research from Wood Mackenzie.

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