• News Release

  Outlook sluggish for upstream M&A

  • 21 1月 2019

  Upstream dealmakers start 2019 facing an uphill battle. Volatile oil prices and bearish equity markets impede deal flow by creating uncertainty, widening the bid-ask spread, altering financial conditions and making companies re-think near-term strategies. In Q4 2018, as these factors emerged, deal count dropped to its lowest level since Q1 2015, with December the slowest month since January 2015.

• Comment

  Brent set to average $65/b in 2019

  • 21 1月 2019

  Global markets were volatile heading into the new year. Oil has been no exception, with Brent trading between $62 per barrel on 7 December 2018 before falling to $51/b on 21 December. Mixed macroeconomic data have driven much of the volatility, with political uncertainty compounding concerns of a sharper than expected economic slowdown. What's the outlook for 2019?

• News Release

  Has FLNG crested the wave?

  • 30 1月 2019

  Despite its small share of the total liquefied natural gas market, floating LNG (FLNG) has generated outsized interest in recent years. In a world requiring tight capital discipline, FLNG offers lower capital investment and manageable costs, particularly in frontier regions.

• Comment

  Glengorm ‘largest UK gas find since 2008’

  • 29 1月 2019

  CNOOC Ltd and Total's Glengorm gas discovery, in teh Central North Sea, is the largest gas find in UK waters since Culzean in 2008

• Comment

  Sanctions to squeeze Venezuela’s output

  • 01 2月 2019

  The sanctions the US government has imposed against Venezuela aim to curb the Maduro government’s access to revenue from crude export. But impact could they have on state-run oil producer PDVSA and the country’s energy sector?

• News Release

  Smoother sailing ahead for upstream supply chain players

  • 06 2月 2019

  The global offshore upstream supply chain saw signs of recovery in 2018, and this looks set to continue in 2019, according to global natural resources consultancy Wood Mackenzie. As project FIDs increase, demand for equipment and services are buoying the prospects for the upstream supply chain.

• News Release

  Brulpadda delivers the goods for Total

  • 07 2月 2019

  French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.

• Content

  IMO 2020 Guide

  • 08 2月 2019

  How will IMO 2020 affect the crude market and fuel prices? And what does this mean for refiners, the aviation industry and ship owners? Get the latest news and analysis here.

• News Release

  Golden Pass crests second wave of US LNG

  • 05 2月 2019

  ExxonMobil and Qatar Petroleum’s announcement that they will proceed with development of the Golden Pass liquefied natural gas (LNG) export project at Sabine Pass, Texas, kicks off what could be a record year for LNG final investment decisions (FIDs). The go-ahead for Golden Pass LNG comes as Anadarko and its partners in Mozambique LNG (Area 1) took a major step towards FID after signing sales and purchase agreements (SPAs) with CNOOC, Tokyo Gas-Centrica and Shell. ExxonMobil (30%) and Qatar Petroleum (70%) said construction at Golden Pass will begin in the first quarter of this year, with start-up scheduled for 2024.

• Editorial

  Is offshore wind the answer to Japan's declining nuclear power?

  • 14 2月 2019

  The outlook for Japan's offshore wind sector is looking positive as the country’s capacity is projected to reach upwards of 4 gigawatts (GW) in 2028, a 62-fold increase from last year, new research from Wood Mackenzie indicates.

• Comment

  Spanish renewables targets undermined by political uncertainty

  • 20 2月 2019

  Today, Wednesday 20th February 2019, Spanish Prime Minister Pedro Sanchez presented the country’s climate action plan for 2030 to 2050. Commenting on the announcement, Wood Mackenzie Power & Renewables Senior Research Analyst, Brian Gaylord, said:

• Opinion

  Australian high CV thermal coal prices at 19-month low, but not for long

  • 19 2月 2019

  The benchmark Newcastle high energy thermal coal price has fallen from US$100/tonne at the turn of the new year to US$88/tonne. Thermal coal has been hit in early February due to seasonality of purchasing in the lead up to Chinese New Year and customs delays impacting Australian vessels into China. Will this move be another short-term blip and mirror the volatility seen last year, or is a broader correction at play?

• Comment

  China restricts seaborne coal imports

  • 25 2月 2019

  Wood Mackenzie analysts Yu Zhai and Robbin Griffin comment on the recent restriction of seaborne coal imports by China.

• News Release

  U.S. energy storage market to double two years running

  • 06 3月 2019

  The U.S. energy storage market nearly doubled in 2018 and is expected to double again in 2019. According to Wood Mackenzie Power & Renewables and the Energy Storage Association’s (ESA) freshly released U.S. Energy Storage Monitor 2018 Year-in-Review, 777 megawatt-hours of grid-connected energy st...

• Editorial

  Can the right fiscal terms revive Asia-Pacific's upstream sector?

  • 27 2月 2019

  Asia-Pacific's upstream industry has been plagued by declining oil production, exploration and licensing activity. Since 2014, exploration investment in the region has fallen 66% to around US$6 billion in 2018, reducing the hopper of new development opportunities.

• News Release

  Universal electricity access investment surpassed $500 million in 2018

  • 04 3月 2019

  Total annual investment in the off-grid energy access sector surpassed $500 million in 2018, according to a new report from Wood Mackenzie Power & Renewables and Energy 4 Impact

• Comment

  ExxonMobil and QP land a giant with Glaucus

  • 28 2月 2019

  ExxonMobil and partner Qatar Petroleum today announced they made a major gas find with the Glaucus-1 well, drilled offshore Cyprus. “Glaucus is a giant,” Robert Morris, senior research analyst, Europe upstream, at global natural resources consultancy Wood Mackenzie, said. He added: “It will be one of the biggest discoveries of the year."

• Comment

  India commissions first east coast LNG terminal

  • 07 3月 2019

  India's first east coast regas project, Ennore LNG terminal, was commissioned yesterday by Indian Oil Corporation (IOCL). Wood Mackenzie's senior analyst Kaushik Chatterjee shares the significance of this project and how this marks the beginning of India doubling its regas capacity to 56.5 million metric tonnes per annum (mmtpa) by 2025.

• News Release

  U.S. solar market adds 10.6 gigawatts of PV in 2018

  • 13 3月 2019

  For the third year in a row, the U.S. solar industry installed double-digit gigawatts (GW) of solar photovoltaic (PV) capacity, with 10.6 GW coming online in 2018. The amount was a 2 percent decrease from 2017. However, the forecast shows the market rebounding in the years ahead, according to the...

• Comment

  Buyers' market as Gulf of Mexico lease sale wraps up

  • 20 3月 2019

  The US Gulf of Mexico region wide Lease Sale 252 was held today, 20 March 2019. The sale attracted 257 bids from 30 companies, with high bids totalling US$244.3 million. An increase of about $66 million (37%) from the last region-wide lease sale in August 2018.

• News Release

  723GW of new global wind power capacity expected from 2019 to 2028

  • 19 3月 2019

  50.2GW of new wind power was added globally in 2018, a 4% increase YoY and the third highest annual total on record, according to the Wood Mackenzie Power & Renewables 'Global Wind Power Market Outlook Update: Q1 2019' report.

• News Release

  South Korea could miss 2030 renewables target

  • 27 3月 2019

  South Korea is unlikely to meet its 2030 renewables target, says Wood Mackenzie at a media briefing in Seoul today. According to the consultancy's analysis, renewables will account for about 17% of the country's power mix, a little shy of its original target.

• News Release

  Global wind turbine order capacity increased 31% in 2018

  • 27 3月 2019

  Global wind turbine order intake was up 20% in Q4 2018 YoY to nearly 18GW, surpassing 2016's record by 5.4GW, according to new research from Wood Mackenzie Power & Renewables.

• Webinar

  Webinar: The Future of Exploration Survey Results

  • 01 5月 2019

  Join us for our 'Future of Exploration' webinar when we will discuss the results of our annual exploration survey and help share future research.

• Podcast

  Crude for thought

  • 04 11月 2018

  Listen to the Crude for Thought podcast as our experts share their sometimes unconventional views on unconventionals and upstream as a whole.

• Podcast

  Murphy exits Malaysia as M&A momentum builds in SE Asia

  • 31 3月 2019

  Angus Rodger catches up on one of the biggest M&A deals so far this year: Murphy Oil’s announcement that it will sell its Malaysia business to PTTEP for US$2.1 billion.

• News Release

  Saudi Arabia to become largest Middle East wind power market by early 2020s

  • 08 4月 2019

  Saudi Arabia will become a regional heavyweight in wind power by the early 2020s, according to new research by Wood Mackenzie Power & Renewables.

• Editorial

  How will 2019 elections in Asia Pacific impact the energy sector?

  • 08 4月 2019

  It is election season in Asia Pacific. While Thailand heads for the by-elections following voting irregularities, India, Indonesia and Australia will also head to the polls this year. Who will win? How will the energy sector be impacted? What do investors need to consider?

• Podcast

  Saudi Aramco reveals finances for the first time

  • 08 4月 2019

  Saudi Aramco grabbed the headlines last week when it revealed its finances for the first time. Get our analysis of the numbers.

• Comment

  Santos makes significant gas discovery at Corvus-2 appraisal well

  • 16 4月 2019

  Santos' announced the confirmation of a significant gas resource at Corvus-2 appraisal well. Wood Mackenzie senior analyst Daniel Toleman comments on the announcement.