• News Release

  Key things to watch in North American natural gas for 2024

  • 19 1月 2024

  Market expansion continues for the natural gas sector, but a volatile path may lie ahead in 2024. Wood Mackenzie recently released the North America Natural Gas: 5 things to look for in 2024 report. Key themes to watch for include the need for storage development, resilient gas demand, the growth of LNG exports and infrastructure positioning for production growth.

• News Release

  Long-term pause in new US LNG investment could transform market

  • 31 1月 2024

  Addressing President Joe Biden’s Executive Order to temporarily pause the approval of new US LNG export projects right to export to countries that the US does not have a Free Trade Agreement (FTA) with (non-FTA), Giles Farrer, head of gas and LNG asset research at Wood Mackenzie said, “the decision will not affect our forecast for US LNG exports out to 2028, but after that it could affect the trajectory and pace of the sector’s growth and have potential to tighten the market in the long run.”

• News Release

  Saudi Aramco’s shift to abandon its 13 million b/d capacity target likely to be absorbed by the market

  • 01 2月 2024

  Addressing the Saudi Ministry of Energy’s instructions to Saudi Aramco to abandon its 13 million barrels per day (b/d) target and maintain 12 million b/d, Ann Louise Hittle, vice president of Oil Markets for Wood Mackenzie, said “Based on our forecast for oil demand to peak in 2030, the shift to a 12 million b/d target from 13 million b/d should be absorbed in the market and not cause a tightening in the supply and demand balance this decade.”

• News Release

  APAC markets driving global oil demand in 2024/25

  • 29 2月 2024

  Global oil demand growth will rise by 1.9 million barrels a day (b/d) in 2024 with key markets in the Asia Pacific (APAC) region being the main driver, accounting for over 63% of the total according to Alan Gelder, Vice President of Oils Research at Wood Mackenzie.

• News Release

  Labour Party’s North Sea tax plans risk long-term pain for short-term gain

  • 29 2月 2024

  The UK Labour Party’s proposed plan to generate an additional £10.8 billion in revenue from the North Sea could have a major impact on cash flows of energy companies which in turn could stall new investment including energy transition projects according to a Wood Mackenzie report.

• News Release

  Extending Energy Profits Levy surprising choice for government

  • 07 3月 2024

  The Spring Budget statement from the UK Chancellor of the Exchequer, Jeremy Hunt, that announced that the EPL would continue until 31 March 2029 could result in a transfer of £4.1 billion (US$5.2 billion) from energy companies to government according to a report by Wood Mackenzie.

• News Release

  Global LNG market could split if an EU carbon tax is imposed on imports

  • 21 3月 2024

  The global liquefied natural gas (LNG) market could be transformed and potentially bifurcate if the European Union (EU) extends its carbon taxes to include LNG imports, according to the Wood Mackenzie’s latest Horizons report.

• News Release

  US solar market ready for rebound after tumultuous first half of 2022

  • 08 9月 2022

  Inflation Reduction Act and tariff pause provide market optimism following Q2 slowdown

• News Release

  Global wind turbine order intake breaks record in Q2

  • 12 9月 2022

  Strong activity in China pushed global wind turbine order intake to 43 gigawatts (GW) in quarter two of 2022, a new record, and up 36% from year-ago levels. This equates to an estimated $18.1 billion, according to new analysis from Wood Mackenzie.

• News Release

  14% increase in European coal demand to be short-term trend

  • 21 9月 2022

  European seaborne thermal coal demand is projected to increase 14% or 12 million metric tonnes (Mt) this year to 98 Mt as it grapples with the current energy crisis.

• News Release

  Climate policies trigger 1.9% upgrade QoQ in global wind power

  • 03 10月 2022

  Global wind power is expected to see an 1.9% increase of installed capacity Quarter on Quarter (QoQ), an equivalent of 25.6 gigawatts (GW), between 2022 and 2031 according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

• News Release

  Latin America offshore wind to see 34 GW of installed capacity by 2050

  • 18 10月 2022

  Driven by the growth of off-grid green hydrogen projects, Latin America will see a sharp increase in offshore wind projects, with capacity reaching 34 Gigawatts (GW) by 2050, according to new analysis from Wood Mackenzie, a Verisk business (Nasdaq: VRSK).

• News Release

  Decarbonising global iron ore and steel industry by 2050 necessitates urgent action and US$1.4 trillion of investment

  • 15 9月 2022

  Decarbonising the steel and iron ore industry by 2050, in line with the Paris Climate Agreement, will require US$1.4 trillion of investment and revolution across every stage of the value chain. This presents an urgent challenge and enormous opportunity according to Wood Mackenzie’s latest Horizons research report, Pedal to the metal: Iron and steel’s $1.4 trillion shot at decarbonisation.

• 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.

• News Release

  2022 – A year of rebalancing for metals and mining

  • 25 1月 2022

  If 2021 was the year of rebound for metals and mining (M&M) commodities, then 2022 is shaping as the year of rebalance, says Wood Mackenzie.

• 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

  Community solar sector to beat earlier 5-year forecast by 9%

  • 08 2月 2022

  The U.S. community solar market is poised to continue growing over the next five years, adding 4.5 gigawatts (GW) of capacity, a 9% increase on previous projections. Expanded programs and new initiatives will boost development, but interconnection challenges may hamper the sector, according to new research released today by Wood Mackenzie, a Verisk business (Nasdaq: VRSK), carried out in collaboration with the Coalition for Community Solar Access (CCSA).

• 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.

• News Release

  Solar growth trajectory remains uncertain as federal legislation stalls

  • 10 3月 2022

  In 2021, US solar prices increased as much as 18% due to unprecedented supply chain challenges, trade actions, and legislative uncertainty, according to the US Solar Market Insight 2021 Year in Review report.

• News Release

  Energy transition to trigger steep decline in eastern Australia’s gas demand

  • 08 3月 2022

  Eastern Australia’s gas and power markets are at the forefront of Asia Pacific’s energy transition. Markets are undergoing a radical transformation, one which could see gas demand decline by 60% in 2050, depending on the pace of the energy transition, Wood Mackenzie, a Verisk business (Nasdaq:VRSK), said today.

• News Release

  US energy storage market sets Q4 record for new installations

  • 24 3月 2022

  The US energy storage market set a new record in the fourth quarter of 2021, with new system installations totalling 4,727 megawatt hours (MWh).

• News Release

  Industry leaders to speak at Wood Mackenzie’s European Power & Renewables Conference

  • 24 3月 2022

  Join executives from EDF Energy, Renewable Energy Institute and Société Générale as Europe’s energy sector gears up for critical transformation

• 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.

• 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

  Soaring solar raw materials prices could thwart REPowerEU plans

  • 30 5月 2022

  The REPowerEU initiative has the potential to add at least 420 gigawatts (GW) of solar installations by 2030; however, rising solar raw material costs could become the stumbling block to achieving this goal, says Wood Mackenzie.

• 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

  Eni makes discovery of the year, named most-admired upstream explorer

  • 17 6月 2022

  Italian major Eni has, for the fourth time in seven years, been named the upstream industry’s most-admired explorer, an accolade awarded as part of Wood Mackenzie’s industry-leading annual Exploration Survey.

• 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.

• News Release

  Global energy storage market to reach 500GW by 2031

  • 28 7月 2022

  Market growth has staggered for global energy storage, with cumulative storage deployments expected to reach 500 gigawatts (GW) by 2031, according to Wood Mackenzie’s Global Energy Storage Outlook released today.

• News Release

  China’s copper industry cushioned from power crunch

  • 12 11月 2021

  Wood Mackenzie’s latest report shows that compared to other base metals, China’s copper market appears to be better cushioned from the country’s power crunch.