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The region is poised to unlock 270 GW of solar capacity over the next decade
From the Netherlands to Cyprus, we cover the big themes in 2024 for Continental Europe's upstream sector.
In 2023, Europe's power market stabilized with a milder winter and successful demand reduction measures, while geopolitical events and gas supply restructuring influenced dynamics. Decreased power demand, a drop in commodity prices, and increased renewables contributed to a more resilient market, though challenges persisted with low and negative power prices during abnormal weather periods.
Key takeaways from the 2040 Climate Target, Net Zero Industry Act and Industrial Carbon Management Strategy
Explore how interconnected commodity markets react to change, with a focus on the Czech Republic's refinery dynamics and their ripple effects across the market.
Hejre is a High Pressure/High Temperature (HP/HT) oil and gas field, located in the west of the Danish Central Graben. The field was discovered by Phillips in 2001 and appraised in 2005. This is the first HP/HT development in Denmark. The challenging nature of the reservoir has delayed the project and required multiple amendments to the field development plan.DONG Energy (now Orsted), which became…
Kraka is a small oil and gas field eight kilometres to the southwest of the Dan field in the Central Graben of the Danish North Sea.Kraka was brought onstream in 1991 as a satellite to Dan under a phased development programme. The field has been developed using a small, unmanned STAR (slim tripod adapted for rig installation) platform and horizontal production wells. Liquid and gas from Kraka is…
In this video, we dive into Wood Mackenzie’s Lens Upstream, a key tool in our Lens suite, to examine Cyprus’ role in East Mediterranean gas dynamics and assess how its assets fit into the Majors’ portfolios. We also visualise the LNG market impact of these deals and identify the key beneficiaries.
Proposals to build a German LNG import terminal have gathered momentum. Does the country need its own supply of LNG?
The US takes a lead by incentivising equipment manufacturers.
What opportunities, challenges and risks does the world of energy and natural resources face in 2024? Our experts share their thoughts.
Libya aims to almost double its crude production levels over the next 3‒5 years, investing around US$ 4 billion a year. However, the country faces a myriad of obstacles, which will stymie its plans.
A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and crippling energy import bill. Turkey is chiefly reliant on piped gas from Russia, Azerbaijan and Iran but the share of liquefied natural gas imports has also continued to grow.
European power and renewables markets enter 2024 with relative stability compared to last year, although challenges arise in transitioning to emissions-free renewables.
On this week's The Edge, Simon Flowers examines how the Russia-Ukraine war is changing energy markets.
In its latest short-term gas and LNG outlook report, Wood Mackenzie weighs the risks coronavirus, sustained low oil prices and LNG oversupply pose to the sector this year.
Wood Mackenzie’s latest analysis reveals that sustainability and resilience will be at the heart of the oil and gas industry story in 2021.
Why flexibility and storage are key as Great Britain (GB), Germany, France, Italy and Spain transition to a Variable Renewable Energy System made up of wind and solar power
Ambitious European net zero targets, cutting dependency on Russian fossil fuel, regulatory change and growing investor confidence will unlock 42 GW of vital energy storage capacity.
Historic amounts of solar and storage are reshaping the US energy system. On the second day of the Solar & Energy Storage Summit 2024, David Banmiller captures key insights and discussions driving the industry forward.
The oil price crash has hit the upstream sector hard. Deep cuts are being made across the board, but it will have a dramatic impact on the industry’s project pipeline. Global natural resources consultancy Wood Mackenzie believes almost all pre-FID projects will be deferred. Of the 50+ projects we identified with potential to go ahead this year, only 10 have a chance of proceeding, but all are at risk.
Installers have already shared anecdotes about growing residential storage volumes in California, and Wood Mackenzie expects a large uptick early next year as marketing efforts for solar-plus-storage started earlier this year bear fruit.
Join Wood Mackenzie's expert webinar for a practical guide to emissions regulations and reporting.
Key insights from APAC and Europe for long-term decarbonisation planning.
Global natural resources consultancy Wood Mackenzie sees OPEC maintaining its role as a key oil supplier through to 2040, although output from non-OPEC producers will help ensure adequate supply in the years to 2030.
Combining our expertise in power and renewables, hydrogen and metals and mining to analyse Swedish green steel ventures and their potential for the industry.
It may come as a surprise to learn that 56% of PET bottles used in the UK each year are recovered for recycling. That figure is projected to rise to 59% by 2021, but could increase significantly with the introduction of the UK government’s proposed deposit return scheme. Elsewhere in Europe, similar schemes have achieved ~90% recovery rate.
Join our experts as they discuss the primary risks facing the North American and European natural gas market
ADNOC’s gas self-sufficiency strategy relies on the development of ultra sour, unconventional, and gas cap resources – but the cost and complexity are impeding progress
Demand loss is increasing price cannibalisation and curtailment risk, but asset owners are adapting
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