• Editorial

  Automotive sales trends suggest higher oil demand in medium term

  • 04 4月 2019

  The vehicle industry’s shift towards cleaner technology is poised to throw a wrench in the oil market – but likely not for another decade. Demand growth from light vehicles and two-wheelers, a key sector which accounts for roughly 30% of the near 100 million b/d in global crude consumption, are expected to slow down over the next 10 years, and eventually begin to decline after 2030, with the rapid adoption of electric vehicles (EVs).

• Comment

  Chrysaor snaps up ConocoPhillips' North Sea assets in US$2.7bn deal

  • 18 4月 2019

  Chrysaor on 18 April 2019 agreed to buy ConocoPhillips’ North Sea assets in a US$2.7 billion deal. The purchase will make Chrysaor the top producer in the UK in 2019 and keep it among the UK's largest producers for the next few years.

• Comment

  Majors step up to bid on Argentina offshore acreage

  • 17 4月 2019

  Argentina's first national offshore licensing round attracted the interest of the Majors, and resulted in winning bids totalling US$718.28 million.

• News Release

  Global storage market to grow from 12 GWh to 158 GWh by 2024

  • 09 4月 2019

  The global energy storage market will expand 13-fold by 2024, according to new research from Wood Mackenzie Power & Renewables.

• Comment

  BP to exit China shale gas

  • 12 4月 2019

  In the same week that Shell agreed to explore for shale oil in China, BP is reported to be exiting its two Sichuan basin shale gas blocks.

• Comment

  Delek makes splash with US$965m deepwater Gulf of Mexico deal

  • 12 4月 2019

  Delek Group has bought Shell's stake in the Caesar-Tonga field, in the deepwater Gulf of Mexico

• News Release

  Major policy changes in China to drive long-term solar installation growth

  • 14 5月 2019

  The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.

• News Release

  Asia Pacific's solar-plus-storage could see key developments in next five years

  • 14 5月 2019

  In a recently published report, Wood Mackenzie projects solar-plus-storage prices or levelised cost of electricity (LCOE) for both utility-scale and distributed commercial & industrial (C&I) segments to decline considerably over the next five years.

• News Release

  Global BOPET film market to grow almost 6% p.a. by 2023

  • 15 5月 2019

  The global BOPET film market has seen demand grow by 6.7% p.a. over the last 5 years and now sits at just over 5 million tonnes, according to new research from Wood Mackenzie Chemicals.

• News Release

  LNG primed for US$200bn capex boom

  • 25 4月 2019

  The liquefied natural gas (LNG) boom is back. Over the next two years, almost 90 million tonnes per annum (mmtpa) of LNG is expected to take final investment decision (FID) and start construction. New research from Wood Mackenzie show that capital expenditure - for both LNG plant and upstream infrastructure - will total more than US$200 billion between 2019 and 2025. This will provide a major boost to engineering, procurement and construction (EPC) contractors and other providers along the supply chain.

• Comment

  Oxy tables US$38bn rival bid for Anadarko

  • 24 4月 2019

  Occidental Petroleum today put forward a rival bid to acquire Anadarko Petroleum for US$38 billion, surpassing Chevron's US$33 billion offer earlier this month.

• News Release

  Unplanned wind turbine repairs to cost industry $8 billion+ in 2019

  • 03 6月 2019

  Global onshore wind O&M costs will reach nearly $15 billion in 2019. Of that number, 57% - or $8.5 billion – will be spent on unplanned repairs and correctives caused by component failures, according to new research by Wood Mackenzie Power & Renewables.

• Comment

  INEOS announces $2bn chemicals investment in Saudi Arabia

  • 03 6月 2019

  INEOS is to spend $2bn building 3 chemicals plants in Saudi Arabia. Commenting on the news, Wood Mackenzie Chemicals Principal Analyst, Patrick Kirby, said:

• News Release

  Beetaloo could bring long-term gas supply to Australia's east coast market

  • 29 5月 2019

  According to research by Wood Mackenzie, Australia's Beetaloo basin is the only new gas resource with sufficient scale to supply the east coast market in the long term.

• Comment

  Delek in US$2bn swoop on Chevron’s North Sea assets

  • 30 5月 2019

  Israel’s Delek Group confirmed today that it will buy US major Chevron’s North Sea assets in a US$2 billion deal.

• News Release

  Australia's next wave of LNG projects needs to compete to progress

  • 28 5月 2019

  According to research by Wood Mackenzie, a second wave of LNG investments is building, both in Australia and globally, and these projects need to compete to progress

• Opinion

  Renewables, market intervention and exploration – three themes weighing on Australia upstream players' minds

  • 13 6月 2019

  Having attended many APPEA events in the past, this was the first time renewable energy sources - hydrogen in particular - were put under the spotlight.

• Comment

  Adani gets environmental approval for Carmichael project

  • 13 6月 2019

  Adani gets environmental approval for Carmichael project

• News Release

  Total brings Culzean on stream, ahead of time and under budget

  • 11 6月 2019

  French major Total today brought the high-pressure/high-temperature (HP/HT) Culzean field, in the UK central North Sea, on stream, ahead of schedule and under budget.

• News Release

  Argentina LNG exports positioned to meet peak demand in Asia

  • 13 6月 2019

  Rising natural gas production in Argentina, coupled with competitive global LNG transportation costs, is expected to position the country as an emerging source of gas supply to Asia during peak demand periods, according to new research from Wood Mackenzie.

• News Release

  U.S. solar market sees best Q1 in history

  • 18 6月 2019

  New findings from Wood Mackenzie Power & Renewables and SEIA's U.S. Solar Market Insight Report, Q2 2019

• News Release

  Mozambique LNG under starter’s orders

  • 18 6月 2019

  US independent Anadarko Petroleum today formally sanctioned its Mozambican liquefied natural gas (LNG) project, Mozambique LNG. Anadarko is developing Mozambique’s first onshore LNG facility, initially consisting of two LNG trains with a total nameplate capacity of 12.88 million tonnes per annum (mmtpa). Feedgas comes from the Golfinho/Atum field, in Offshore Area 1.

• Comment

  PES refinery fire halts gasoline production

  • 21 6月 2019

  A large fire at the Philadelphia Energy Solutions (PES) oil refinery in Philadelphia has halted gasoline production at the complex.

• News Release

  Malaysia offers significant gas opportunities

  • 24 6月 2019

  According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.

• News Release

  Spandex entering the big time as sales to hit 1 million tonnes by 2020

  • 25 6月 2019

  As spandex closes in on sales of 1 million tonnes, industry structures will change to meet competition from China and the challenge of closed-loop recycling, according to recent Wood Mackenzie Chemicals research.

• News Release

  Decarbonising US power grid 'may cost US$4.5 trillion'

  • 27 6月 2019

  The transition to a 100% renewable US power grid will need investment of up to US$4.5 trillion over the next 10 to 20 years, new analysis from Wood Mackenzie found.

• Comment

  PES to close oil refinery after fire damage

  • 26 6月 2019

  Philadelphia Energy Solutions (PES) will close its oil refinery in the city, following a large fire last week that damaged the complex.

• Comment

  Abadi LNG gets greenlight for revised Plan of Development

  • 15 7月 2019

  The Government of Indonesia has approved the revised Plan of Development for the Abadi LNG project. INPEX (operator, 65%) and Shell (35%) will develop Abadi via an offshore production facility and a 9.5 million tonnes per annum (mmpta) onshore LNG plant, at an estimated cost of US$20 billion.

• Comment

  New York awards Equinor, Sunrise Wind major offshore wind contracts

  • 19 7月 2019

  The US state of New York today awarded two major offshore wind contracts to Norwegian energy company Equinor, and Sunrise Wind, a joint venture between Denmark’s Ørsted and US utility Eversource.

• News Release

  Faster decline rates prompt Permian players to eye spending boost

  • 22 7月 2019

  Accelerating tight oil decline rates top a growing list of concerns for Permian basin operators, with unexpected production shortfalls prompting producers to consider stepping up drilling investment and M&A activity, Robert Clarke, Research Director, Lower 48 Upstream, told delegates at the Unconventional Resources Technology Conference (URTeC) in Denver.