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Chevron Phillips Chemical to cease US paraxylene production

06 December 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

Qatar quits OPEC

03 December 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

Is deepwater ready for cost inflation?

27 November 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

European energy storage markets heating up with total deployments nearing global highs

20 November 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 November 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.

Comment

Explorers hit the jackpot in sub-Saharan Africa

06 November 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 November 2018

What next for the oil market as the US reimposes sanctions on Iran?

Comment

Plastics recycling tax likely to increase cost of plastics packaging in short-to medium term

29 October 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 October 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.

News Release

Asia-Pacific offshore wind capacity to rise 20-fold in next decade

24 October 2018

New research from global natural resources consultancy Wood Mackenzie indicates Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027.

News Release

Asia-Pacific solar demand to decline first time this year

24 October 2018

After a decade of stellar growth, Wood Mackenzie forecasts that solar demand in the Asia-Pacific will decline for the first time this year. Compared to 2017, the region's solar demand will dip 18% to 59 GW in 2018 due to declining installations in China, India and Japan.

News Release

Years of growth ahead for Eastern European onshore wind

23 October 2018

Onshore wind energy in Eastern Europe, Russia and the Caspian will experience a compound annual growth rate of 9% from 2018 to 2027, according to new research by Wood Mackenzie Power & Renewables.

News Release

Chinese wind asset owners keep their grip on global top 25

19 October 2018

Chinese operators remain the leaders of the global wind asset market, according to new research from Wood Mackenzie Power & Renewables.

News Release

Is the end of the global energy transition closer than we think?

17 October 2018

Is the Global Energy Transition on track? A new report by Wood Mackenzie, Thinking global energy transitions: the what, if, how and when, explores the forces shaping the energy transition, and pinpoints the sustainability tipping point – when the world shifts from the age of oil and gas to the age of power and renewables – will arrive by 2035.

Comment

New wave of growth on the horizon for Asia-Pacific's oil and gas sector

15 October 2018

Asia-Pacific's oil and gas sector looks set to rebound over the next 12 months as rising demand, stronger commodity prices and an uptick in M&A activity bring greater confidence to the region. Wood Mackenzie predicts rising Asian LNG demand, the return of China's NOCs to growth mode and new appetite for upstream investment to be key factors influencing the sector, not only Asia-Pacific, but also globally into 2019.

Comment

India's renewables to contribute 13% of power generation mix in five years, double the amount today

15 October 2018

India’s renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would still be a noteworthy achievement. Wood Mackenzie's solar analyst Rishab Shrestha explains why.

Comment

Rosebank deal 'cements Equinor's commitment to the UK'

01 October 2018

Norway's Equinor set to buy Chevron's 40% operating stake in the Rosebank field, offshore West of Shetland

News Release

West Europe PET bottle recovery grows, but challenges for RPET supply chain remain

01 October 2018

The total volume of PET bottles collected in West Europe during 2017 was near 2 Mt, compared to an estimated 3.2 Mt of bottles placed in the market, according to Wood Mackenzie Chemicals' latest report on the RPET market in West Europe.

Comment

Qatar Petroleum's LNG plans get even bigger

27 September 2018

Qatar Petroleum announces plans for a fourth LNG megatrain

Comment

Chevron in talks to sell Rosebank stake

27 September 2018

US major Chevron has confirmed it is in talks to sell its 40% operating stake in the Rosebank field, offshore West of Shetland

News Release

Private equity's future in US Gulf of Mexico deepwater

19 September 2018

With many Independents and Majors chasing onshore shale and white hot Brazil and Mexico, the US Gulf of Mexico, once the coveted jewel of the oil industry, has become a lower investment priority in recent years. This has opened the space for private equity-backed companies who have stepped up to the plate, turned pennies into dollars and shown they have what it takes to compete.

Comment

China's retaliatory tariff on US LNG

19 September 2018

In the 12 months up until June 2018, China was the second largest buyer of US LNG, accounting for approximately 3 mmtpa of US LNG, with Shell being the largest seller. However as the US-China trade dispute escalated, Chinese buyers have gradually reduced purchases of US LNG.

News Release

Permian producers hedge their bets against pipeline delays

11 September 2018

Permian producers increased their 2020 oil-basis hedge positions by 431% during Q2. Such a sharp rise suggests producers perceive a higher risk that key pipeline projects fail to start up by 2019 target dates, according Wood Mackenzie's latest analysis of oil and gas activity.

Comment

Transocean’s $2.7bn Ocean Rig deal ‘a winner’

03 September 2018

Rig provider Transocean is set to merge with Ocean Rig in a $2.7 billion deal, a move Wood Mackenzie says is a winning one for the rig market.

News Release

India to overtake China as world's largest oil demand growth centre by 2024

03 September 2018

India's oil demand is expected to grow by 3.5 million barrels per day (b/d) from 2017 to 2035, accounting for one-third of global oil demand growth. India's demand is driven by rising income levels, an expanding middle class and a growing need for mobility.

Comment

Santos acquires Quadrant Energy

23 August 2018

Australian operator Santos has acquired Quadrant Energy for an upfront consideration of US$2.1 billion plus contingency payments linked to resource certification and FID on the recent Dorado discovery. The price paid is a slight premium to our valuation of Quadrant Energy's production portfolio, but the Dorado discovery offers material value upside on the deal.

News Release

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

21 August 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

Inaugural Wood Mackenzie Prize awarded to Houston-based EY employee

10 August 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 August 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 August 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.

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Search results: 5352

Chevron Phillips Chemical to cease US paraxylene production

Qatar quits OPEC

Is deepwater ready for cost inflation?

European energy storage markets heating up with total deployments nearing global highs

How digitalisation transformed the US Lower 48

Explorers hit the jackpot in sub-Saharan Africa

What next for the oil market as the US reimposes sanctions on Iran?

Plastics recycling tax likely to increase cost of plastics packaging in short-to medium term

Upstream players need to boost spending to meet future demand

Asia-Pacific offshore wind capacity to rise 20-fold in next decade

Asia-Pacific solar demand to decline first time this year

Years of growth ahead for Eastern European onshore wind

Chinese wind asset owners keep their grip on global top 25

Is the end of the global energy transition closer than we think?

New wave of growth on the horizon for Asia-Pacific's oil and gas sector

India's renewables to contribute 13% of power generation mix in five years, double the amount today

Rosebank deal 'cements Equinor's commitment to the UK'

West Europe PET bottle recovery grows, but challenges for RPET supply chain remain

Qatar Petroleum's LNG plans get even bigger

Chevron in talks to sell Rosebank stake

Private equity's future in US Gulf of Mexico deepwater

China's retaliatory tariff on US LNG

Permian producers hedge their bets against pipeline delays

Transocean’s $2.7bn Ocean Rig deal ‘a winner’

India to overtake China as world's largest oil demand growth centre by 2024

Santos acquires Quadrant Energy

China's mega crude-to-chemicals projects may deal knockout blow to regional PX exporters

Inaugural Wood Mackenzie Prize awarded to Houston-based EY employee

Fresh wave of tariffs to hit US plastic pipes, hoses and tubes imports

More oil discovered in Carnavon Petroleum's Dorado-1 well

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