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

• 24 10月 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.

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.

How digitalisation transformed the US Lower 48

• 12 11月 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.

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

• 20 11月 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

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

• 29 10月 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:

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?

Explorers hit the jackpot in sub-Saharan Africa

• 06 11月 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.

Is deepwater ready for cost inflation?

• 27 11月 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.

New technology investments to boost growing global wind market

• 06 12月 2018

Wind turbines are set to become even bigger and better in an effort to maintain consistent downward trends of Levelized Cost of Electricity (LCOE), according to new research by Wood Mackenzie Power & Renewables. “Rapid technology developments have been a large driver of elevating wind to a compet...

Chevron Phillips Chemical to cease US paraxylene production

• 06 12月 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:

Qatar quits OPEC

• 03 12月 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.

OPEC stays the course with production deal

• 01 12月 2017

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

Upstream companies shift focus from ‘survive’ to ‘thrive’ in 2018

• 14 12月 2017

2018 looks set to be a brighter year for upstream oil and gas companies

Can upstream cost savings stick?

• 15 12月 2017

The impact of the 2014 oil price collapse is still being felt across the upstream sector. Operators have cut investment, deferred projects and implemented tough cost discipline, slashing US$910 billion from global capital expenditure estimates for 2015-2020. While many operators believe the cuts will stick, a new survey released today by natural resources consultancy Wood Mackenzie indicates the pictured is more nuanced.

EU's Plastics Strategy May be Missed Opportunity

• 16 1月 2018

Follwoing the EU's pledge to make all plastic packaging recyclable by 2030, Helen McGeough, PCI Wood Mackenzie Senior Consultant, commented

Who will finance Asia's coal power projects?

• 05 1月 2018

Historically, coal has played a key role in meeting Asia's growing power demand. However environmental concerns has led to more stringent regulations and commitments towards tighter emission controls globally. Increasingly over the last year, financing institutions (mostly export credit agencies (ECAs) in OECD countries and European banks) have announced plans to stop investing in coal power projects. This could impact Asia since we expect growth in power demand through to 2035, and this calls for new power capacity, including coal-fired ones.

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.

BP's double proves there's life in the old dog yet

• 31 1月 2018

BP announced it made two discoveries on the UK Continental Shelf in 2017 - Capercaillie, in the North Sea, and Achmelvich, in the West of Shetland. Wood Mackenzie believes the finds prove there's still life in the ultra-mature province.

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.

Section 232 exemptions: Australia stands to gain significantly

• 13 3月 2018

Commenting on the likelihood that Australia will be exempt from Section 232 steel tariffs, Alex Griffiths, Wood Mackenzie Senior Research Analyst, said:

Without UK steel tariff exemption, US users will struggle to source high value-added steels

• 09 3月 2018

In response to Trade Secretary Liam Fox's announcement that the UK will seek an exemption from President Donald Trump's tariffs on steel imports to the US, Alex Griffiths, Wood Mackenzie Senior Research Analyst, said:

UK plastic bottle deposit scheme vital to changing consumer behaviour

• 28 3月 2018

Commenting on the UK Government's plans to introduce a plastic bottle deposit scheme, Helen McGeough, PCI Wood Mackenzie, Senior Consultant, commented:

Concho Resources buys RSP Permian in Largest Permian Deal Ever

• 28 3月 2018

Andy McConn, research analyst at Wood Mackenzie, shares his thoughts following Concho Resources announced acquisition of RSP Permian Inc. in an $8 billion all-share deal, the largest purely Permian deal ever.

Wood Mackenzie joins Stonewall’s Diversity Champions programme

• 21 5月 2018

Being a Stonewall Diversity Champion is a key part of Wood Mackenzie’s Diversity and Inclusion initiative, ensuring that all employees feel engaged, protected and empowered to perform well at work.

UK taxation in isolation will not increase plastics collection rates

• 21 5月 2018

In response to HM Treasury's call for evidence on using the tax system to address single-use plastic waste, Wood Mackenzie Chemicals said there needs to be a bigger focus on behaviour change if current UK plastics collection and recycling rates are to reach the levels seen in a number of European countries.

LNG markets move from oversupply as rebalancing gets under way

• 07 6月 2018

Wood Mackenzie's short-term global gas and LNG outlook (Q2 2018) sees the market rebalancing as it moves from oversupply, although the global natural resources consultancy believes prices will remain relatively sustained into 2019.

Majors dig deep as Brazil's PSC Round 4 sets record

• 07 6月 2018

On 7 June 2018, Brazil held its fourth pre-salt auction, just eight months after the highly competitive second and third pre-salt rounds. US$818 million was collected in signature bonuses, the outcome was yet another big success for Brazil. With the successful conclusion of five licensing rounds in the span of less than a year, and a fifth PSC Round set for September 2018, interest in Brazil's upstream sector continues to be very strong.

Tokyo Gas and Centrica deal indicates optimism returning to global LNG markets

• 15 6月 2018

Commenting on the announcement that Centrica and Tokyo Gas have signed a heads of agreement for LNG procurement, Giles Farrer, Wood Mackenzie Research Director, said:

Global Project Tracker

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Commercial Advisory

• 28 6月 2017

Optimise your most important business decision with our detailed commercial understanding and industry experience.