Webinar | Scope for improvement: Why oil & gas needs to address scope 3 emissions

• 14 11月 2024

Conversation starters: five energy charts to get you talking

• 03 12月 2024

In our final Horizons of 2024, we have compiled five charts to make you think. We start and end with charts on the power markets of the world’s two largest economies, the US and China.

OPEC+ agrees to increase output after tense negotiations

• 07 12月 2020

Tense negotiations and rumours of a rift between Saudi Arabia and UAE ended with a compromise deal for OPEC+ on 3 December 2020. Despite concerns on oversupply for Q1 2021, the group agreed to increase output by 500,000 b/d in January. Production restraint is set at minus 7.2 million b/d instead of the Q4 2020 level of minus 7.7 million b/d.

Over three quarters of new LNG supply could be impacted in 2-degree world

• 09 12月 2020

Wood Mackenzie’s latest report shows that over three quarters or 77% of new LNG supply are at risk under a 2-degree scenario.

China’s carbon neutrality bill could hit over US$5 trillion

• 08 10月 2020

Wood Mackenzie’s latest analysis shows over US$5 trillion of investments would be needed for China to reach its pathway for carbon-neutrality by 2060.

China’s gas power plants bleed under pressure from lower tariffs and trade war

• 15 9月 2020

China’s gas power plants are struggling to stay afloat as they face mounting pressure from lower tariffs and the ongoing trade war, says Wood Mackenzie.

Turkey nets largest-ever find with Tuna-1 gas discovery

• 21 8月 2020

A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural gas imports has also continued to grow.

Global regas capacity under construction hits 10-year high at 144 mmtpa

• 02 9月 2020

Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.

'Perfect storm' scuttles Atlantic Coast Pipeline

• 06 7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.

How will refiners cope with lost oil demand?

• 24 6月 2020

Demand pressures, overcapacity and budget cuts mean the refining industry should brace for a challenging few years ahead

Indonesia’s LNG demand continue to rise despite economic downturn

• 30 6月 2020

Indonesia’s LNG demand is expected to be resilient against the coronavirus-led global economic downturn, says Wood Mackenzie. The country’s H2 2020 LNG demand could hit 3.1 million tonnes (Mt), a 1.2 Mt or 63% increase year-on-year.

Wood Mackenzie commentary on India CERA Week

• 09 10月 2017

To mark the start of the India Energy Forum by CERA week, Wood Mackenzie analysts weigh in on the country's oil and gas outlook and production prospects.

Beach's production to increase 160% post Origin gas assets acquisition

• 26 9月 2017

Following the announcement of Beach Energy's US$1.25 million acquisition of Origin Energy’s subsidiary, Lattice Energy, our Australasia senior analyst Chris Meredith, weighs in on the deal.

When will the market face peak demand?

• 18 10月 2017

The market is no stranger to peak oil. But industry focus is shifting from concerns about peak oil supply to a more concrete threat– peak demand. The Rise and Fall of Black Gold, released today by Wood Mackenzie, is a comprehensive, cross-commodity, cross-value chain analysis of peak demand. The report identifies the drivers as well as the potential impact of this global transformation – across regions, sectors, and fuels.

Better times head for the UKCS, but investment still a concern

• 17 1月 2017

Wood Mackenzie expects a modest recovery due to the improving oil price.

Seasonality takes centre stage in Egyptian gas market

• 12 1月 2017

Egypt's fortunes look set to change after five years of falling production and switching from a net exporter to a net importer.

US gasoline demand poised to decline by over 1.7 million b/d by 2030

• 20 3月 2017

Gas demand may be nearing a new peak due to stringent fuel efficiency standards and shifting demographics.

Market implications of Chinese tariffs on US LNG

• 03 8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.

Rise in new players in Southeast Asia's upstream sector

• 28 6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.

OPEC producers key to world supply through to 2040

• 16 7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.

China's retaliatory tariff on US LNG

• 19 9月 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.

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

• 15 10月 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.

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

• 17 10月 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.

Upstream players need to boost spending to meet future demand

• 24 10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.

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

• 06 11月 2018

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

OPEC stays the course with production deal

• 01 12月 2017

OPEC and non-OPEC producers agree to extend production curbs through 2018

India to double oil products growth in 2018

• 19 1月 2018

India is poised to double its oil product demand growth (190 kb/d) in 2018 after a sluggish 2017, when demand grew by only 93 kb/d. Last year, demand growth was at its slowest in the past three years.

Mexico’s Deepwater Round 2.4 Receives Significant Bids

• 31 1月 2018

Mexico’s second deepwater licensing round closed today on a high note with 19 of 29 offered blocks awarded, raising more than US$500 million in cash payments. Shell dominated the auction, snapping up nearly half of all blocks awarded. In the Perdido Area, the company won five of six awarded blocks.

Australasia - Five themes to look out for in 2019

• 19 12月 2018

As 2018 draws to a close, Wood Mackenzie's experts discusses five key themes to look out for in Australasia's oil and gas industry in 2019.

Full steam ahead for Tortue FLNG

• 21 12月 2018

Sanctioning the Tortue FLNG project, offshore Mauritania/Senegal is a 'major milestone' for BP and its partners