• The Edge

  The Euro Majors’ big bet on new energy

  • 04 12月 2020

  The Euro Majors are building new energy businesses as a key part of net carbon-neutral targets for 2050. How and when will they be able to demonstrate value from renewables investments?

• News Release

  Long-duration energy storage projects attract more than US $58 billion investment over last three years

  • 07 12月 2022

  Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.

• Content

  Avoiding pand-ammonia: how to kick-start a global low-carbon ammonia industry

  • 17 11月 2022

  Ammonia shapes modern life in every way imaginable. As the basis for all nitrogen fertilisers, industrial ammonia has truly changed the world.

• News Release

  Norway to earn over US$200 billion from oil and gas sector in 2023

  • 16 1月 2023

  Norway’s oil and gas operations in the North Sea will continue to churn out cash as the Scandinavian country maintains high production to help support Europe’s energy crisis according to a report by Wood Mackenzie.

• News Release

  Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

  • 23 2月 2023

  The total global announced capacity for hydrogen projects reached 71.4 million tonnes per annum (Mtpa), but 2022 falls short of becoming a record year according to latest analysis from Wood Mackenzie.

• News Release

  Sakarya Phase One kick-starts Turkey’s upstream sector transformation, making nation less reliant on gas imports

  • 20 4月 2023

  Addressing Turkish Petroleum Corporation’s (TPAO) launch of Sakarya Phase One, Ashley Sherman, Research Director, Caspian & Europe Upstream Oil and Gas for Wood Mackenzie said “Sakarya Phase One redefines the scale of Turkey’s upstream sector, bringing its first deepwater output and a fundamental shift in domestic energy security. To date, Turkey has relied almost entirely on gas imports to meet its demand. Sakarya Phase One will put a sizeable dent into the country’s energy import bill, which reached an eye-watering US$97 billion in 2022. But Phase Two would be the real gamechanger, enabling Sakarya to cover almost 30% of Turkey’s gas consumption by 2030.”

• Webinar

  Route to Net Zero

  • 16 8月 2023

  It’s a watershed moment for the North Sea. Join our upcoming webinar as we cover upstream, ccus and hydrogen in the North Sea

• News Release

  China’s solar exports booming, up 64% in 2022 despite global trade tensions

  • 23 5月 2023

  China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.

• News Release

  Should gas resource holders target LNG exports or blue ammonia?

  • 15 6月 2023

  The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.

• News Release

  US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

  • 20 7月 2023

  Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

• Editorial

  North Sea update: Cost reductions and FIDs in 2017

  • 16 4月 2017

  Much has been achieved in the past year, as we see prices and costs slowly turning around. But there is more work to be done. Use our 2016-2017 Global Upstream Cost Survey to understand North Sea cost evolution from 2014 to 2020.

• Editorial

  Brexit: boost or blow to UK flat steel?

  • 28 3月 2017

  With the UK poised to withdraw from the European Union and the single market, the steel industry is bracing for change. In 2016, 80% of the UK's total steel imports came from the EU — so what will its exit mean for manufacturers as well as for consumers?

• Editorial

  What's the future of North Sea projects?

  • 30 11月 2016

  We’ve collated the data and analysed what it means for the North Sea market over the coming 12 months and beyond.

• Editorial

  How are cost savings pushing North Sea projects over the line?

  • 22 8月 2016

  The downturn has resulted in significant cost savings which should stimulate activity as the oil price starts to recover.

• Editorial

  Europe's M&A markets: Passing the refinery bucks

  • 15 2月 2017

  Scott Koronka, Director of Downstream Consulting, discusses the recent developments regarding refineries and M&A.

• Editorial

  How the pandemic will slow – and accelerate – grid modernization

  • 31 7月 2020

  Implementation delays continued to affect distributed energy resource (DER) deployments in the second quarter of 2020, but the pandemic is also boosting investment in some areas

• Editorial

  Automotive sales trends suggest higher oil demand in medium term

  • 04 4月 2019

  The vehicle industry’s shift towards cleaner technology is poised to throw a wrench in the oil market – but likely not for another decade. Demand growth from light vehicles and two-wheelers, a key sector which accounts for roughly 30% of the near 100 million b/d in global crude consumption, are expected to slow down over the next 10 years, and eventually begin to decline after 2030, with the rapid adoption of electric vehicles (EVs).

• Comment

  Chrysaor snaps up ConocoPhillips' North Sea assets in US$2.7bn deal

  • 18 4月 2019

  Chrysaor on 18 April 2019 agreed to buy ConocoPhillips’ North Sea assets in a US$2.7 billion deal. The purchase will make Chrysaor the top producer in the UK in 2019 and keep it among the UK's largest producers for the next few years.

• Comment

  BP to exit China shale gas

  • 12 4月 2019

  In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

• Comment

  Delek in US$2bn swoop on Chevron’s North Sea assets

  • 30 5月 2019

  Israel’s Delek Group confirmed today that it will buy US major Chevron’s North Sea assets in a US$2 billion deal.

• News Release

  Total brings Culzean on stream, ahead of time and under budget

  • 11 6月 2019

  French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

• News Release

  No-Deal Brexit won’t sound death knell for UK refiners

  • 23 8月 2019

  Despite speculation that a No-Deal Brexit would have a severe impact on the UK refining industry, Wood Mackenzie’s analysis indicates that while the sector’s dynamics would shift and margins will narrow, it would not be crippled.

• Comment

  Lift off as Sputnik partners hit oil

  • 20 8月 2019

  Commenting on Equinor, OMV and Petoro’s Sputnik discovery, Jamie Thompson, an analyst with Wood Mackenzie’s North Sea upstream team, said: “Despite being small and remote – it lies more than 300 kilometres from shore in the northern Hoop area of the Barents Sea - Sputnik has a high chance of commerciality. The aptly-named field could be a satellite of the pre-FID 440 million-barrel Wisting development, which is just 30 kilometres from Sputnik.

• Comment

  ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

  • 27 9月 2019

  ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.

• News Release

  US storage industry to build on strong third quarter with response to power shutoffs

  • 03 12月 2019

  Installers have already shared anecdotes about growing residential storage volumes in California, and Wood Mackenzie expects a large uptick early next year as marketing efforts for solar-plus-storage started earlier this year bear fruit.

• Comment

  European Investment Bank to cease funding fossil fuel projects

  • 15 11月 2019

  The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.

• News Release

  Can Europe cope if Russia shuts off Ukraine gas transit?

  • 19 12月 2019

  The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."

• Comment

  New CEO Looney rings changes at BP with ambitious climate plan

  • 12 2月 2020

  Speaking after BP’s new chief executive Bernard Looney unveiled the major’s ambitious climate commitments today, Luke Parker, vice president, corporate analysis, said: “BP joins Shell, Total, Equinor and Repsol in making a major commitment to reduce its net carbon footprint. “This marks a major turnaround in BP’s position. Just 12 months ago former CEO Bob Dudley said the company could not be held accountable for how people use its products. Looney is taking the company in a very different direction.” Parker added: “It’s an ambition, rather than a target, but the commitment appears to be unconditional. In terms of scale of commitment, this puts BP towards the top of the pack, along with Repsol and Equinor. “This will see BP’s business completely transformed over the coming decades: renewables and carbon abatement will get very big, legacy oil and gas will eventually get smaller. But the transition to 2050 is a multi-decade transition - not something that will happen in the next year or so.”

• Webinar

  Webinar | Offshore wind in the UK: exploring the merchant potential

  • 31 3月 2020

  Join Wood Mackenzie's Rolf Kragelund, Director, Global Offshore Wind and Peter Osbaldstone, Director, European Power Markets on March 31st at 11 AM BST to explore the merchant offshore wind potential of the UK market.

• Comment

  US$210bn of new spend in firing line as players target cost cuts

  • 02 4月 2020

  The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.