• 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

  Neptun Deep FID signals Romania’s arrival as major EU gas player

  • 20 7月 2023

  The final investment decision to approve the US$4.4 billion (EUR4 billion) Neptun Deep gas development in the Black Sea is a defining moment for Romania’s energy sector and will make it the EU’s largest gas producer according to a report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

• 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

  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

  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

  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

  Asian LNG buyers face volatile market until 2026

  • 05 9月 2023

  Asian liquefied natural gas (LNG) buyers are navigating a near-term market that is so finely balanced that any supply disruptions or demand upsides could cause significant price volatility according to Mangesh Dilip Patankar, Vice President, APAC Gas and LNG Consulting at Wood Mackenzie.

• 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.

• News Release

  Solar installations in 2023 expected to exceed 30 GW for the first time in history

  • 07 9月 2023

  The U.S. solar industry expects to add a record 32 gigawatts (GW) of new capacity in 2023, a 52% increase from 2022, according to the US Solar Market Insight Q3 2023 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie.

• News Release

  US renewables annual capacity additions to nearly triple in 10 years

  • 15 9月 2023

  Speaking at the RE+ conference in Las Vegas, Chris Seiple, vice chairman, power and renewables for Wood Mackenzie said that with the Inflation Reduction Act (IRA) driving the economic competitiveness of renewables, annual capacity additions will nearly triple in 10 years to 110 gigawatts (GW).

• News Release

  Rosebank oil field reaches FID

  • 27 9月 2023

  The announcement by Norway’s Equinor and the UK’s Ithaca Energy to go ahead with the Rosebank deepwater oilfield project in the West of Shetland basin could lead to more fields being approved according to a report by Wood Mackenzie.

• News Release

  New offshore oil and gas developments in Colombia face challenges to deliver on nation’s long-term energy security

  • 28 9月 2023

  Offshore development of new gas assets has been identified as a key piece to Colombia’s long-term energy security, but significant challenges remain. The size, production capability and required infrastructure investments all make the situation uncertain, according to a recent report from Wood Mackenzie.

• News Release

  APAC to invest US$3.3 trillion in power generation over next decade

  • 04 10月 2023

  The Asia Pacific region is forecast to invest US$3.3 trillion in power generation over the next 10 years, with 49% earmarked for wind and solar, and 12% for energy storage, according to latest Wood Mackenzie analysis.

• News Release

  Wood Mackenzie launches Lens Carbon

  • 13 10月 2023

  Wood Mackenzie, the global insight business for renewables, energy and natural resources, has launched Lens Carbon, a unique end-to-end solution that enables users to screen, analyse and value carbon management projects on a global scale.

• News Release

  7 Btpa of carbon capture needed to meet net zero by 2050

  • 16 10月 2023

  Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Mhairidh Evans, head of CCUS research for Wood Mackenzie, said that urgency is needed to meet the seven billion tonnes carbon capture (Btpa) required to meet net zero goals in 2050.

• News Release

  Volatility expected in metals markets as they adapt to accelerated energy transition pressures

  • 17 10月 2023

  The current metals super-cycle that is a major component of the global energy transition could stall due to a gloomy global macroeconomic environment, geopolitics and a lack of investment in new production facilities according to analysts from Wood Mackenzie.

• News Release

  Africa’s $800bn upstream investment cycle underlines the central role of oil and gas in the continent’s energy future

  • 18 10月 2023

  The African upstream oil and gas sector is in the middle of an US$800 billion capital expenditure (capex) programme that will see liquified natural gas (LNG) emerge as a major investment theme alongside traditional deepwater oil according to Ian Thom, Upstream Research Director at Wood Mackenzie.

• News Release

  Steel decarbonisation to redefine supply chains by 2050

  • 19 10月 2023

  The rise of electric-arc furnace technology, increased use of green feedstock and evolving carbon policies will reshape steel production and global trade patterns.

• News Release

  Fast output recovery of oil and gas still challenging with easing of US sanctions on Venezuela

  • 20 10月 2023

  Addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector, Adrian Lara, principal research analyst, Latin America Upstream Oil and Gas for Wood Mackenzie said, “Although still conditioned by a subsequent renewal, this new easing of sanctions can certainly be considered a positive move towards the recovery of the Venezuelan oil and gas sector. However, it does not guarantee a rapid or permanent recovery of production, given the required investment needed to deal with current infrastructure repairs and bottlenecks.”

• News Release

  China Belt & Road Initiative brings in 128 GW installed power capacity in 10 years

  • 20 11月 2023

  Chinese companies have made significant strides in the Belt & Road initiative's overseas power projects over the past decade. With an estimated investment value of around US$200 billion, over 300 projects have installed 128 GW of power, equivalent to 1.3 times Australia's installed capacity in 2022. However, challenges have emerged, leading to the cancellation or shelving of over 20% of projects to date.

• News Release

  COP28: Middle East could play a key role in decarbonising global economy

  • 23 11月 2023

  Large oil and gas reserves in the Middle East have resulted in especially low domestic energy prices and provide little incentive to transition to low carbon alternatives, according to Wood Mackenzie’s Middle East Energy Transition Outlook report.

• News Release

  China leads global renewables race with record-breaking 230 GW installations in 2023

  • 28 11月 2023

  Currently on target to reach a record-breaking 230 gigawatts (GW) of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined.

• News Release

  Global wind power outlook falls by 29 GW Q-o-Q

  • 05 12月 2023

  The outlook for the global wind power sector has fallen by 29 gigawatts (GW) in the fourth quarter of 2023 (Q4 2023), with the downgrade signifying a drop in cumulative installed capacity to 2.35 terawatts (TW) by the end of 2032 according to Wood Mackenzie.

• News Release

  Competition increases in the residential solar-plus-storage battery market

  • 12 12月 2023

  As the residential solar-plus-storage market continues to grow, competition has increased amongst battery vendors, with new manufacturers gaining market share in recent years, according to a new analysis from Wood Mackenzie

• News Release

  US energy storage installations set new record in Q3 2023

  • 13 12月 2023

  The U.S. storage market hit a new high in Q3 2023, installing the most capacity in a quarter to date with 7,322 megawatt hours (MWh) becoming operational in the third quarter of 2023.

• News Release

  Creation of minerals “Super Region” could make Africa, Middle East and South Asia global leaders in energy transition

  • 10 1月 2024

  The creation of a minerals “Super Region” comprising Africa, the Middle East, Central Asia and South Asia would make a huge contribution to a successful energy transition according to a new white paper launched by Wood Mackenzie at the Future Minerals Forum being held in Riyadh.

• News Release

  Gas prices down 45% as 2024 market set to remain bearish

  • 19 1月 2024

  The market sentiment for gas and liquefied natural gas (LNG) will remain bearish into 2024 with European prices having fallen by 45% to US$10 per million British thermal units (mmbtu) in the past three months according to a report by Wood Mackenzie.