Oil and mining companies must adapt new strategies to deliver low-carbon transition

• 20 April 2023

As companies in the energy and natural resource sector struggle to find the balance between satisfying shareholder returns and meeting stakeholder low-carbon demands, new strategies are emerging that could be the catalyst to drive capital allocation decisions toward growth and closing valuation gaps, according to “Fuelling Change” a new Horizons report from Wood Mackenzie.

Sakarya Phase One kick-starts Turkey’s upstream sector transformation, making nation less reliant on gas imports

• 20 April 2023

Addressing Turkish Petroleum Corporation’s (TPAO) launch of Sakarya Phase One, Ashley Sherman, Research Director, Caspian & Europe Upstream Oil and Gas for Wood Mackenzie said “Sakarya Phase One redefines the scale of Turkey’s upstream sector, bringing its first deepwater output and a fundamental shift in domestic energy security. To date, Turkey has relied almost entirely on gas imports to meet its demand. Sakarya Phase One will put a sizeable dent into the country’s energy import bill, which reached an eye-watering US$97 billion in 2022. But Phase Two would be the real gamechanger, enabling Sakarya to cover almost 30% of Turkey’s gas consumption by 2030.”

Horizons Live: Fuelling change

• 12 May 2023

Our experts discuss and explore the catalysts that could shift the risk reward balance in favour of low carbon growth.

Kan discovery in Mexico’s shallow water one of the largest since 2020

• 02 May 2023

Addressing Wintershall Dea’s Kan-1 discovery, Adrian Lara, Principal Research Analyst Latin America Upstream Oil and Gas, said “With Wintershall Dea’s first operated exploration well drilled in Mexico, the announced expected resource of 200 to 300 million barrels of equivalent of oil and gas in place outperforms the original prospective resource estimated at 196 mmboe. The discovery is one of the largest in Mexico’s shallow-water since Zama, made by Talos in 2017 and Saasken made by Eni in 2020.”

Middle East gas production to jump by almost 20% by 2030

• 04 May 2023

The Middle East is set to spend as much as US$120 billion to increase gas production by 14 billion standard cubic feet a day (bcfd) to 86 bcfd by 2030, according to a new report by Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector.

TotalEnergies named most-admired upstream explorer in Wood Mackenzie’s 15th annual Exploration Survey

• 27 June 2023

French major TotalEnergies has been named the upstream industry’s most-admired explorer and received the Discovery of the Year award in Wood Mackenzie’s industry-leading annual Exploration Survey.

EV charger installations in the US are poised to grow fourfold by 2027

• 28 June 2023

Wood Mackenzie estimates the number of charging ports in the US to reach close to 18 million by 2027, with most chargers in the residential category. However, the residential market share will slightly decline in that period as the public and commercial EV charging segments grow.

US grid-scale energy storage installations record second-straight quarterly decrease

• 14 June 2023

Across all segments of the industry, the U.S. energy storage market added 2,145 megawatt hours (MWh) in the first quarter of 2023, a 26% decrease from Q4 2022. The grid-scale segment installed 1,553 MWh in Q1 2023, recording the second-straight quarterly decline and falling 33% below first quarter 2022 installations, according to a new report released today.

Should gas resource holders target LNG exports or blue ammonia?

• 15 June 2023

The acceleration of the energy transition means gas resource holders increasingly face a choice: follow the established pathway and develop new LNG export facilities or pivot into developing blue ammonia.

Floating rig utilization rebounds to pre-COVID levels

• 12 June 2023

Rig utilization has returned to pre-COVID levels, driving rates up 40 percent in the past year as demand is forecast to increase another 20 percent from 2024-2025, according to a recent report from Wood Mackenzie.

Implications of OPEC+ meeting for H2 2023

• 07 June 2023

The decision by OPEC+ to extend current production cuts and an additional voluntary 1 million b/d reduction for July from Saudi Arabia should provide support for prices in the rest of 2023, according to Wood Mackenzie.

Global wind turbine order intake sets Q1 record, increases 27% YOY

• 30 May 2023

Global wind turbine order intake hit a new Q1 record, with 23.5 gigawatts (GW) of activity, a 27 percent increase year-over-year, according to a new analysis from Wood Mackenzie.

Client Briefing: Taking stock of the impact of the 2022 energy crisis on Asia Pacific power markets

• 27 June 2023

Route to Net Zero

• 16 August 2023

It’s a watershed moment for the North Sea. Join our upcoming webinar as we cover upstream, ccus and hydrogen in the North Sea

China’s solar exports booming, up 64% in 2022 despite global trade tensions

• 23 May 2023

China’s solar exports grew 64% to US$52 billion in 2022 despite global trade tensions, according to latest analysis from Wood Mackenzie.

Australia’s emissions-intensive mines face unforeseen future under new Safeguard Mechanism Scheme Reforms

• 07 July 2023

The adoption of the single "industry average" as presented in the revised Safeguard Mechanism Scheme, will see some clear winners and losers in the Australian mining sector.

Norway’s 800km Barents Sea gas pipeline back on agenda

• 11 July 2023

A proposed US $5 billion export route linking gas fields in the Barents Sea in Northern Norway to European markets could help alleviate the continent’s dependence on liquified natural gas (LNG) imports according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

Canadian LNG has potential to meet growing Asian demand

• 10 July 2023

Speaking at the LNG2023 conference in Vancouver, Dulles Wang, Director, Americas Gas & LNG at Wood Mackenzie said that with the alignment of several market dynamics, Canada could be positioned to play a much bigger role in global LNG exports.

South American onshore wind power to expand 122% through 2032

• 12 July 2023

Free market expansion will be one of the main drivers of onshore wind growth in the next 10 years in South America. The total wind market is set to add 41.2 gigawatts (GW) of onshore projects through 2032, based on a new analysis from Wood Mackenzie.

North American renewable natural gas market could expand tenfold by 2050 to reach 4 bcfd

• 17 July 2023

Driven by new government incentives for the transportation sector, renewable natural gas (RNG), or biomethane, saw tremendous growth in 2022, with 60 million cubic feet per day (mmcfd) of new production capacity added, according to a new report from Wood Mackenzie.

Innovation at the speed of Lightsource BP

• 17 August 2023

Watch the webinar replay featuring Thomson Reuters and Lightsource BP.

US$500 billion (2023 terms) investment in global oil and gas asset development enough to meet peak demand in 2030s

• 20 July 2023

Despite concerns about underinvestment in upstream, peak oil and gas demand can be met in the 2030s without a substantial increase to current annual asset development investment levels of US$500 billion in 2023 terms, according to a new Horizons report from Wood Mackenzie.

Careers: Life at WoodMac

• 25 July 2017

Our company's core beliefs follow the Verisk Way of respect for the individual, integrity, persistence, confidence, excellence and teamwork. Find out more.

About Us: Our Culture

• 20 July 2017

We have an inclusive culture where everyone’s uniqueness is valued & you can have a strong sense of belonging making life at Woodmac a great place to work

Top 10 solar PV inverter vendors account for 86% of global market share

• 14 August 2023

The top 10 global solar photovoltaic (PV) inverter vendors accounted for 86% of market share in 2022, increasing by 4% year-over-year since 2021, according to latest analysis by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

US$ 27 billion investment required to mobilise global offshore wind supply chain

• 17 August 2023

The global offshore wind supply chain will require US$ 27 billion of secured investment by 2026 if it is to meet a fivefold growth in annual installations (excluding China) by 2030, according to latest Horizons report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

FLNG sector thriving amid projects boom

• 31 August 2023

The right economic and geo-political conditions mean that the outlook for the global floating liquified natural gas (FLNG) project sector is bullish according to a new report by Wood Mackenzie, a global insight business for renewables, energy and natural resources.

H1 global wind turbine orders hit new high at 69.5 GW

• 31 August 2023

Global wind turbine order intake reached new highs in H1, with 69.5 gigawatts (GW) of activity, a 12 percent increase year-over-year, according to a new analysis from Wood Mackenzie.

Horizons Live: Charting a sustainable course for offshore wind

• 11 September 2023

Our panel explored a critical juncture for offshore wind. The sector is navigating challenges in cost escalation and supply chain pressures. And a larger issue lies ahead – ramping up the supply chain to meet developer and government objectives.

New Wood Mackenzie analysis warns world heading for 2.5C global warming without immediate action

• 14 September 2023

The world is currently on a 2.5-degree Celsius warming trajectory according to Wood Mackenzie’s ‘Energy Transition Outlook’ report, a milestone assessment of the global journey towards a lower carbon future. If transformative action is not taken now, the Paris Agreement goal to limit the average temperature increase to below 1.5-degrees Celsius will likely be missed.