• News Release

  Willow project in National Petroleum Reserve-Alaska economically viable with approval from US Interior Department

  • 13 3月 2023

  The US Interior Department today approved the Willow project in the National Petroleum Reserve-Alaska (NPR-A). The decision is for a three-pad development instead of the originally sought five drill sites and is coupled with ConocoPhillips relinquishing 68,000 acres of existing leases. The new Record of Decision replaces one received in October 2020, which was later vacated following a court case. The three-pad approval will still render the project economically viable, say analysts at Wood Mackenzie.

• News Release

  Policy-driven supply constraints cause steep drop in solar installations in 2022

  • 09 3月 2023

  According to the U.S. Solar Market Insight 2022 Year in Review released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, utility-scale installations fell by 31% year-over-year to 11.8 GW, the sector’s lowest total since before the COVID-19 pandemic.

• News Release

  A supercharged China could turn up the heat on global commodities

  • 23 3月 2023

  The Chinese economy is expected to grow by 5.5% but could grow by as much as 7% in 2023 as the country bounces back from three years of lock-down caused by the Covid pandemic according to a new report by Wood Mackenzie.

• News Release

  Tesla Solar Roof deployments miss expectations

  • 30 3月 2023

  Since the launch of the Tesla Solar Roof (“Solar Roof”) in 2016, Wood Mackenzie estimates that approximately 3,000 Solar Roofs have been installed nationwide, with a total capacity of nearly 30 megawatts direct current (MWdc), missing Tesla’s stated goal of 1,000 installations per week.

• News Release

  US Gulf of Mexico Lease Sale 259 shows optimism for the region

  • 29 3月 2023

  The US Gulf of Mexico region-wide Lease Sale 259 held today attracted 353 bids from 32 companies, with high bids totalling US $264 million. The amount of activity surpassed the previous lease sale spend in 2021, demonstrating optimism for the region, according to Wood Mackenzie analysts.

• News Release

  Wood Mackenzie supports the installation of 252 solar panels in energy impoverished areas of Puerto Rico

  • 11 4月 2023

  A team of six professionals from global energy consultancy Wood Mackenzie traveled to energy-impoverished areas of Puerto Rico last month to install solar panels and energy storage systems on homes and a women’s shelter as part of an ongoing charitable project with Let’s Share the Sun Foundation.

• News Release

  Emissions crackdown could fast-track Australian CCS projects

  • 06 4月 2023

  A revision to the Safeguard Mechanism, legislation that requires Australia’s largest emitters to cut direct emissions (known as Scope 1 emissions,) could trigger a spike in carbon, capture and storage (CCS) projects in the region, says Wood Mackenzie.

• News Release

  Latin America’s natural gas deficit to grow as new resource production remains a challenge

  • 03 5月 2023

  With several challenges facing new gas developments in Latin America, supply will be unable to keep up with demand, driving the need for expanded imports to the region over the next decade, according to a new report from Wood Mackenzie.

• News Release

  With $9B BM-C-33 FID in Brazil, Equinor to increase its deepwater production outside of Norway to 400,000 boe/d by end of the decade

  • 09 5月 2023

  Addressing Equinor’s announced final investment decision (FID) for Brazil’s $9 billion BM-C-33 project, Luiz Hayum, senior research analyst, Latin America and Sub-Saharan Africa Upstream Oil and Gas, said “The BM-C-33 is Equinor’s second FID in a long list of justified for development deepwater projects outside Norway. Once sanctioned, these projects will increase Equinor’s operated deepwater production outside Norway from near zero to 400,000 boe/d by the end of the decade.”

• News Release

  Industry leaders to speak at Wood Mackenzie’s Solar & Energy Storage Summit 2023

  • 09 5月 2023

  The solar and energy storage industries in North America continue to be catapulted forward by the Inflation Reduction Act (IRA) and the transition to a clean energy future.

• News Release

  Australian E&P companies need resilient and sustainable plans to weather future energy shocks

  • 19 5月 2023

  Strong commodity prices have improved short-term resilience for Australia’s largest exploration and production (E&P) companies, but long-term uncertainties remain according to Andrew Harwood, Research Director of Corporate and Upstream Research at Wood Mackenzie. Speaking at the Australian Petroleum Production and Exploration Association (APPEA) Conference in Adelaide, Mr Harwood told delegates that operators must adapt their strategies to be robust enough to handle future bumps on the road to decarbonisation.

• News Release

  Brent-linked long-term LNG contracts are back in vogue

  • 17 5月 2023

  Long-term liquefied natural gas (LNG) contracting activity is off to a strong start in 2023, with around 13 million metric tonnes per annum (mmtpa) of signed in just over four months. Speaking on the sidelines of the Australian Petroleum Production and Exploration Association (APPEA) Conference in Adelaide, Daniel Toleman, Principal Analyst for Global LNG at Wood Mackenzie said that the bullish conditions in the market have continued.

• News Release

  North American gas market to expand by 25 percent over the next decade, despite headwinds

  • 17 5月 2023

  Near-term gas market expansion continues to be driven by global demand for US LNG exports, which will largely be supplied through continued growth in Permian associated gas and Haynesville production, according to a recent report from Wood Mackenzie.

• News Release

  Nuclear needs to be cost competitive with alternative power generation to enable net zero

  • 18 5月 2023

  Despite policy support and market growth, the biggest economic hurdle to the uptake of the latest nuclear and small modular reactors (SMRs) is cost, according to Wood Mackenzie report.

• News Release

  Australian operators need to collaborate to create super basins

  • 16 5月 2023

  Australia’s oil and gas industry needs to urgently fast-track the creation of energy “super basins” to provide a pathway to greater sustainability and cut emissions, according to Anne Forbes, Upstream Research Analyst at Wood Mackenzie.

• News Release

  Woodside announces Trion field FID, Mexico’s first deepwater oilfield development

  • 22 6月 2023

  Addressing Woodside’s announced final investment decision (FID) of Trion field, Diego Alviso Becerril, Senior Research Analyst, Upstream Research LATAM, said “This will be Woodside’s first incursion into Mexican waters and Mexico’s first deepwater oil field development. With first oil scheduled for 2028, the development concept considers a US$7.2 billion investment to recover 479 million barrels of equivalent (mmboe).”

• News Release

  TotalEnergies discovery in shallow water Nigeria largest in a decade

  • 16 6月 2023

  Addressing TotalEnergies discovery at Ntokon in the shallow water Niger Delta, Gail Anderson, director of upstream research at Wood Mackenzie, said “Ntokon is likely to be Nigeria's biggest shallow water discovery in a decade. Despite the lack of exploration in recent times, this discovery shows that there is still plenty of running room in the shallow water Niger Delta.”

• News Release

  Keir Starmer softens stance on UK oil and gas

  • 20 6月 2023

  The recent announcement by Keir Starmer, the leader of the UK’s Labour Party, that he will ban new oil and gas exploration licences if he gains power at the next election will be viewed as a largely symbolic gesture according to analysts Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.

• News Release

  US solar market registers best first quarter in industry history as supply chains stabilize and Inflation Reduction Act takes hold

  • 08 6月 2023

  The US solar industry installed 6.1 gigawatts (GW) of solar capacity and had its best first quarter in history, according to the US Solar Market Insight Q2 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

• News Release

  U.S. and Japan will struggle to hit ambitious hydrogen targets

  • 27 6月 2023

  U.S. Hydrogen producers will struggle to hit the National Clean Hydrogen Strategy and Roadmap (the Strategy) that was released by the Department of Energy on June 5 according to according to analysts Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.

• News Release

  Rosebank and Cambo fields barometer for the future of the North Sea

  • 26 6月 2023

  The development of the Rosebank and Cambo oil fields in the North Sea would save 17 million tonnes of CO2 emissions over their projected lifetimes compared to the equivalent amount of imported oil and gas according to Malcolm Forbes-Cable, Vice President of Energy Consulting (Upstream, EMEA) at Wood Mackenzie.

• News Release

  President Tinubu’s radical reforms signal new economic era in Nigeria

  • 06 7月 2023

  The new president of Nigeria, Bola Tinubu, has started to roll out radical reforms in a move that could turbo-charge investment in the West African state according to Gail Anderson, Director of Research for Upstream Sub-Saharan Africa at Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  Australia leads global market for battery energy storage systems

  • 17 7月 2023

  Australia leads the global market for battery energy storage systems (BESS), with the total pipeline of announced projects now exceeding 40 gigawatts (GW), according to latest Wood Mackenzie analysis launched at the Australian Clean Energy Summit in Sydney.

• News Release

  A revitalised oil and gas sector can play a key role in Indonesia’s energy transition

  • 27 7月 2023

  Indonesia’s oil and gas sector must undergo a major overhaul in the way it operates if it is to realise the full potential of the country’s natural resources and support a successful energy transition, according to a new white paper by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  India needs radical transformation to reach net zero emissions by 2070

  • 27 7月 2023

  How can India attain its net zero emissions goal by 2070, in line with global pledges to reach net zero emissions by mid-century? Wood Mackenzie analyses the scenario in its latest report ‘India energy transition pathways 2070’, concluding that the country must radically transform its energy landscape and prioritise renewable energy, electrification, hydrogen adoption, and carbon removal strategies.

• News Release

  High European gas storage levels quell price spike fears during Norway’s field maintenance season

  • 27 7月 2023

  Unseasonably high gas storage levels in Europe should mean any delays to major maintenance projects planned for Norwegian gas assets in August and September will have less impact on prices than earlier in the summer according to Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• News Release

  Cumulative US community solar capacity expected to break 6 GW in 2023, despite interconnection and siting headwinds

  • 08 8月 2023

  US community solar installations declined by 6% year-over-year in 2022 and 13% in Q1 of 2023. This was primarily driven by the supply chain uncertainty of the past year as well as interconnection and siting issues hindering growth in key state markets such as Massachusetts and Maine, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA).

• News Release

  Oil and gas exploration spending to recover from historic lows, average $22B per annum through 2027

  • 16 8月 2023

  Exploration spend (excluding appraisal) will recover from historic lows to average US$22 billion per annum in real terms over the next five years, according to a new report from Wood Mackenzie.

• News Release

  Industry leaders to speak at Wood Mackenzie’s Hydrogen Conference

  • 31 8月 2023

  Join Wood Mackenzie’s expert analysts and industry leaders to understand the key drivers and challenges of deploying low-carbon hydrogen at the Hydrogen Conference at the Hilton London Tower Bridge on 20 September 2023.

• News Release

  The UK will struggle to meet ambitious 2030 CCUS targets

  • 05 9月 2023

  – The global CCUS project pipeline is buoyant but scaling up needs concerted and consistent effort from governments. Only a handful of countries have policy and regulation ready to adopt CCUS today and the United Kingdom (UK) is one of them, says Mhairidh Evans, Head of CCUS Research speaking at Offshore Europe taking place in Aberdeen.