The Petroleum Industry Act: a gamechanger for Nigeria’s upstream?

• 28 10月 2021

The PIA sets the fiscal terms for Nigeria's upstream sector through the energy transition years. After a tumultuous 18 months, legislators decided that more radical surgery was needed to save Nigeria from a bleak future of upstream decline. What they have delivered is both remarkable and necessary. Remarkable, because in no other jurisdiction has there been such a major transfer of value to current lease holders in onshore and shallow water. It's a different story in deepwater though, where most contractors are still to renegotiate their terms. Necessary, because Nigeria is awash with underinvested assets. Unless something is done quickly, greenhouse gas emissions and access to capital will become an even bigger risk than they are currently.

Major energy exporters race to lead in global hydrogen trade

• 28 10月 2021

The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie.

Tapping working gas volume could cushion blow of Europe’s energy crunch

• 04 11月 2021

European gas storage has been struggling to fill this summer. Storage at the beginning of November will be about 75% full, at 83 billion cubic metres (bcm), 14 bcm below the five-year average, rattling the market. A cold European winter could result in storage levels falling to zero by the end of March 2022, unless more Russian gas supply is available versus current export levels. But there could be an alternative available to the market should this come to pass – tapping the substantial amount of cushion gas available in Europe’s storage facilities. Global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), said using cushion gas could allow an extra 15 bcm enter the market, easing the supply crunch.

OPEC+ shrugs off US pressure to announce 400,000 b/d output boost

• 04 11月 2021

Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said: “After unusual pressure from the US administration to lift its production, OPEC+ announced it is boosting output by 400,000 barrels per day (b/d) for December, in line with its 18 July 2021 agreement. This will be seen as disappointing by the US, which is asking for an extra increase closer to 600,000 b/d. But as long as OPEC+ actually boosts its output by 400,000 b/d, the US has indicated it will accept the outcome."

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

• 20 5月 2021

The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie.

UK charts course for net zero North Sea

• 06 5月 2021

The UK government and the country’s oil and gas sector recently agreed a deal to leverage the upstream industry's capabilities, accelerate the energy transition and help the North Sea reach net zero by 2050.

Action to achieve Paris climate goals will upend oil and gas prices

• 15 4月 2021

If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the most polluting hydrocarbons out of the energy mix, nearly eliminating their markets. Oil demand will shrink, and with it, so will the power of major oil producers. Gas demand will remain resilient, but business models will need to evolve.

Webinar | The 2021 Future of Exploration survey

• 27 4月 2021

This year sees the exploration sector in recovery mode as it begins to reposition for an energy transition world. We put our questions on the future of exploration to exploration leaders and professionals around the world. The sector had fought hard to win its way back to profitability before the crisis struck. Its disciplined approach of recent years looks set to remain even as prices recover. Exploration is increasingly playing a role in moves to a lower carbon future and geoscientists are at the forefront of some new energy businesses. We've analysed the data to discover the key challenges the industry is facing, which explorers stand out from the pack and the role of exploration in today’s energy company

Carbon removal key to meeting Paris Agreement target

• 24 6月 2021

Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.

Asia Pacific solar PV capacity to triple to 1,500 GW by 2030

• 13 7月 2021

Asia Pacific solar photovoltaic (PV) capacity could triple to 1,500 gigawatts (GW) by 2030, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK).

Future of gas in energy transition to be defined in 2021

• 14 1月 2021

2021 will be a defining year for the gas and LNG industry, says Wood Mackenzie in its latest outlook report.

Biden administration and what it means for China and rest of Asia Pacific

• 20 1月 2021

As Biden’s inauguration approaches, Wood Mackenzie experts share how his administration could impact trade, climate change goals, and changes to the energy sector in Asia Pacific.

Climate commitments to top energy and mining agendas in 2021

• 27 1月 2021

What are the biggest emissions trends to watch this year? James Whiteside, Wood Mackenzie Global Head of Multi-Commodity Research, and Amy Bowe, Wood Mackenzie Head of Carbon Research, see five key themes

Myanmar coup and impact on oil and gas industry

• 04 2月 2021

Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.

Carbon taxes and the upstream subsidy debate

• 27 4月 2021

Carbon taxes and the upstream subsidy debate

Carbon pricing plans ‘could transform upstream oil and gas economics’

• 31 3月 2021

At present, few countries require producers to either pay a carbon tax or participate in an emissions trading scheme (ETS). But as governments seek to meet decarbonisation targets, that could soon change. Carbon charges are likely to come, and they will transform the upstream sector, affecting both asset values and the industry’s economics.

Four themes shaping the energy transition

• 29 5月 2018

In Energy View to 2035, our latest assessment of the energy landscape over the next two decades, we use cross-commodity data to analyse what will shape future trends in global energy consumption.

OPEC and how low prices have changed oil demand

• 03 4月 2018

How to sum up the effect on oil markets of OPEC’s strategy since 2014? Based on how the fundamentals have evolved, it's been a pretty mixed bag.

How the Majors will emerge stronger from the downturn

• 14 11月 2017

Low oil prices, severe financial stretch, even moments of existential contemplation – it’s hardly been the right environment for successful business development.

A zero-carbon world: how fast will we get there?

• 26 11月 2018

The global energy transition is underway. The question is, how and when? Find out in Wood Mackenzie’s 4th annual carbon-constrained scenario, which provides an alternative view to our base case for the global energy transition.

What if the energy transition accelerates?

• 14 11月 2018

What if the energy transition accelerates? And what that could mean for renewables, coal, oil, gas and emissions. Simon Flowers investigates.

When, why and how is the global energy transition going to happen?

• 16 10月 2018

When, why and how is the great fuel switch going to happen? The great energy transition is already underway - we do the maths.

OPEC remains key to price recovery through 2040

• 16 7月 2018

Despite record-breaking gains in the Permian, strong demand growth and heightened geopolitical risk pushed Brent to USD80/bbl in May. For the market to truly rebalance, OPEC will remain key to price recovery over the short to medium term.

OPEC opts for clever compromise – and a show of unity

• 22 6月 2018

Focusing on market fundamentals, we look at the impact of three possible options for OPEC and co-operating non-OPEC producers.

Electric Vehicles – transportation disruptor, part 2

• 31 7月 2018

We explored how the market for EVs might develop in Part 1. This week Ed Rawle, Head of Oils Research, chats about the implications for global oil demand.

How can governments introduce more competitive fiscal terms?

• 23 8月 2017

With capital scarce, terms must be attractive to win new investment.

Macroeconomics

Understand the interplay between commodities and the economy with macroeconomics analysis to help forecast the pace of global economic development to 2035.

Dividends or growth – Big Oil’s dilemma

• 27 7月 2017

The industry is adapting to low oil prices. But can upstream grow in this environment? The question is a profound one, the answer in reality more about sustaining the business and maximising returns rather than pursuing growth.

Taking a closer look at Trump's blueprint for US energy

• 27 1月 2017

Our analysts take an early look at the expected resolution and implications of key policies spanning oils and refining, gas, and coal.

New Page

• 20 4月 2023

Maximise opportunities across the hydrogen and ammonia value chain with Wood Mackenzie Lens Hydrogen. Identify, screen, and benchmark the hydrogen economy worldwide.