• Comment

  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.

• Comment

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

  • 08 8月 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.

• Comment

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

  • 09 8月 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:

• News Release

  New regulations to fast-track Brazil FPSO deployment and boost pre-salt oil production

  • 20 6月 2018

  Brazil's new local content regulations could fast-track the deployment of FPSO units, speeding up the pace of pre-salt oil production by more than 21 billion barrels by the mid-2020s, a new report by Wood Mackenzie analysing the impact of new local content rules on production, royalty collection and job creation has found.

• News Release

  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.

• Comment

  Chevron set to divest central UK North Sea assets

  • 04 7月 2018

  Chevron has announced it is planning to sell its central UK North Sea assets, including Captain, Elgin/Franklin, Erksine and Jade, to focus on the West of Shetland province.

• Comment

  Energy storage market poised for a boom Down Under

  • 06 7月 2018

  Looking at behind-the-meter, Australia was the biggest residential storage market in the world in 2017, with a tripling of residential storage deployments over the previous year. High retail electricity rates and diminishing or expiring feed-in tariffs have encouraged residential solar customers to choose storage for self-consumption benefits. As a result, over the past few years, Australia has been the preferred testbed for new residential energy storage products, as several technology vendors have first introduced their residential product portfolios in the country.

• Comment

  INEOS €2.7 billion chemicals investment good news for European olefins industry

  • 03 7月 2018

  Commenting on the announcement that INEOS has approved a €2.7 billion capital project to build both a world scale ethane cracker and a PDH (Propane Dehydrogenation) unit in Northern Europe, Patrick Kirby, PCI Wood Mackenzie Principal Analyst, said:

• Comment

  US LNG deal 'could be significant for relationship with Europe'

  • 27 7月 2018

  What does the EU's agreement to buy US LNG - announced after a meeting between European Commission president Jean-Claude Juncker and US President Donald Trump - mean for producers and consumers?

• Comment

  BP buys BHP's L48 assets in 'transformative' $10.5bn deal

  • 27 7月 2018

  BP has bought BHP Billiton's US Lower 48 assets in a $10.5 billion deal. Wood Mackenzie believes the deal will be transformative for BP.

• Comment

  ICE announces futures contract based on Permian crude to Houston

  • 17 7月 2018

  The Intercontinental Exchange Inc., an operator of global exchanges and clearing houses for the financial and commodity markets in the U.S., announced plans to launch a new Permian West Texas Intermediate crude oil futures contract with physical delivery in Houston. The exchange, which is slated to launch Q3 2018 subject to regulatory review, will provide traders with direct access to Houston prices.

• News Release

  Poland tops growth league in Europe’s €14.1 billion flexible packaging market

  • 18 7月 2018

  According to PCI Wood Mackenzie's latest review of the European marketplace, 'Flexible Packaging European Supply Demand Report', Poland continued to be the fastest growing major flexible packaging market in Europe in 2017, increasing by over 5% during the year.

• News Release

  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.

• News Release

  Inaugural Wood Mackenzie Prize awarded to Houston-based EY employee

  • 10 8月 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.

• News Release

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

  • 21 8月 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.

• Comment

  Santos acquires Quadrant Energy

  • 23 8月 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

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

  • 03 9月 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.

• News Release

  Permian producers hedge their bets against pipeline delays

  • 11 9月 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 9月 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.

• Comment

  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.

• News Release

  Private equity's future in US Gulf of Mexico deepwater

  • 19 9月 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.

• News Release

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

  • 01 10月 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

  Chevron in talks to sell Rosebank stake

  • 27 9月 2018

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

• Comment

  Qatar Petroleum's LNG plans get even bigger

  • 27 9月 2018

  Qatar Petroleum announces plans for a fourth LNG megatrain

• Comment

  Merger does the business for Wintershall and DEA

  • 28 9月 2018

  Wintershall and DEA set to merge to create independent exploration and production company

• Comment

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

  • 01 10月 2018

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

• Comment

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

  • 15 10月 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

  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.

• News Release

  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.

• News Release

  Chinese wind asset owners keep their grip on global top 25

  • 19 10月 2018

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