• News Release

  Oil and mining companies must adapt new strategies to deliver low-carbon transition

  • 20 4月 2023

  As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report 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.

• Webinar

  Global renewable energy: market predictions for 2024

  • 07 2月 2024

  Join Wood Mackenzie's wind, solar, and storage industry experts on February 7th, for an interactive webinar discussing the key opportunities and challenges that face the global renewable energy industry in 2024.

• News Release

  Five themes dominating China’s energy scene in 2022

  • 27 1月 2022

  Economic growth, stability in energy prices, energy transition, dual-control targets and relations with the US, are the top five themes to watch out for in China’s energy outlook this year, says Wood Mackenzie.

• Opinion

  Horizons Live: No pain, no gain

  • 01 2月 2022

  Watch on demand as we answer questions on the economic impact of an accelerated energy transition and exactly what costs countries could face from a 1.5 °C pathway.

• News Release

  Time to act as momentum builds for CCUS and hydrogen

  • 31 1月 2022

  This year companies and governments will need to make good on the pledges they made on energy transition technologies, including carbon capture, utilisation and storage (CCUS) and low-carbon hydrogen, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). In a new report, CCUS and hydrogen: 5 things to look for in 2022, the global energy consultancy points out the huge momentum behind both CCUS and low-carbon hydrogen in 2021, with announcements of new projects, policies and investment as COP26 spurred companies’ net zero targets.

• News Release

  China's renewables boom year poses major challenges to western markets

  • 17 2月 2022

  China’s renewables manufacturing has emerged from 2021 bigger and more competitive than ever before. Western markets are benefitting from trading with the IKEA of the energy transition, but balancing reliance on China’s technology providers with local interests is now a key political as well as environmental challenge, says Wood Mackenzie.

• Comment

  Europe can satisfy gas demand for now – but longer-term outlook is uncertain

  • 23 2月 2022

  Despite fears that Europe may face a gas crunch following the cancellation of Nord Stream 2, analysts at global energy consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) say Europe is currently in a better situation than it was at the start of the 2021/22 winter.

• News Release

  Fair and transparent fiscal terms key to accelerating transition resource investments

  • 21 4月 2022

  The race is on in the exploration and development of transition resources required for global decarbonisation. However, the investment environment needs to be more conducive, and the establishment of fair and transparent fiscal policies could be the key, says Wood Mackenzie.

• Opinion

  Horizons Live: Security Alert

  • 04 5月 2022

  Ed Crooks is joined by Ann-Louise Hittle and Murray Douglas for our latest Horizons Live: Security Alert. Listen now answer your questions about our latest Horizons edition and the crisis caused by Russia’s invasion of Ukraine.

• News Release

  LNG contracting off to a fast start this year with more than 10 mmtpa signed

  • 16 5月 2022

  Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according to a recently published LNG contract trends report by Wood Mackenzie.

• News Release

  Ammonia co-firing in thermal power plants could be worth US$100 billion in 2050

  • 18 5月 2022

  While hydrogen can be used in many sectors, its derivative, ammonia, has emerged as a key tool to provide flexible power generation and integrate variable renewables. Analysis by Wood Mackenzie shows that a 10% ammonia co-firing in global coal plants would translate to 200 million tonnes (Mt) of ammonia demand, a potential market of US$100 billion by 2050.

• News Release

  Low-carbon hydrogen demand in refining could reach 50 Mtpa by 2050

  • 09 6月 2022

  Potential low-carbon (green or blue) hydrogen demand from the global refining sector could reach 50 million tonnes per annum (Mtpa) by 2050, says Wood Mackenzie.

• News Release

  Wood Mackenzie Power & Renewables APAC Conference 2022 open for registration

  • 29 6月 2022

  Wood Mackenzie announces the launch of the second edition of its Power & Renewables Asia Pacific (APAC) Virtual Conference on July 26 – 28.

• Comment

  US to release crude oil from strategic petroleum reserve

  • 25 11月 2021

  On 23 November, US President Biden announced the release of 50 million barrels (mbbl) of crude oil from the US Strategic Petroleum Reserve (SPR).

• News Release

  Is CCS the upstream sector’s silver bullet?

  • 11 8月 2021

  We may only be halfway through 2021, but it is already shaping up to be a breakthrough year for carbon capture and sequestration (CCS) to emerge as a viable tool for upstream companies to decarbonise operations. Although the concept has been around for decades, CCS is moving into the mainstream. All the industry’s largest companies now plan to use sequestration to help them reach their decarbonisation targets.

• Comment

  Latest IPCC climate report calls for reaching net zero emissions earlier than 2050

  • 10 8月 2021

  Wood Mackenzie Asia Pacific Head of Markets and Transitions Prakash Sharma responds to the recently released IPCC report.

• News Release

  Firth of Forth net-zero hub key to achieving climate goals

  • 17 8月 2021

  The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq: VRSK) has found.

• Comment

  Controlling emissions could have short-term negative impact on Chinese economy

  • 08 9月 2021

  China’s efforts to control carbon emissions could have a negative impact on its economic growth in the short term, says Wood Mackenzie.

• News Release

  Electric vehicle sales to vault over 6 million in 2021

  • 31 8月 2021

  Global electric vehicle (EV) sales are expected to vault over 6 million this year, says Wood Mackenzie.

• News Release

  Can the US rise to meet the net-zero emissions challenge?

  • 16 9月 2021

  US President Joe Biden has a transformational goal: he wants the country to achieve net-zero emissions by 2050, building on the net-zero power sector he wants in place by 2035. Can the US meet this challenge? According to new research released today by global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), the US is likely to struggle to achieve Biden’s ambitions. Technological limitations, policy design, market structures and even the United States’ political and constitutional foundations may hamper progress.

• Webinar

  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.

• News Release

  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.

• News Release

  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.

• Comment

  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."

• Comment

  Wood Mackenzie weighs in on COP26 key takeaways

  • 15 11月 2021

  Following the conclusion of the COP26 on November 13, Wood Mackenzie experts weigh in on the key developments of the conference.

• News Release

  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.

• News Release

  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.

• News Release

  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.