How to thrive in the petrochemicals downturn

• 23 September 2019

The petrochemicals industry has been enjoying boom conditions. But after several years of strong margin generation, storm clouds are gathering.

IMO 2020: Ready or not?

• 02 April 2019

The IMO's regulatory changes on the sulphur content for marine fuels come into force in less than a year. Are European refiners ready to accommodate big shifts in fuel demand? And what will the new specifications mean for refining margins and fuel product prices?

How the worst oil price crash in history changed the upstream industry

• 24 June 2020

The oil price crash has wiped US$1.6 trillion off our valuation of the global upstream industry. This captures the impact of our downgraded long-term Brent price assumption – now US$50/bbl (2020 terms), previously US$60/bbl – and much more. Which regions and players have been hit hardest? What measures have been taken to survive?

How to create value through oil and gas acquisitions in the North Sea

• 15 July 2019

The years between 2012 and 2018 saw frenetic M&A activity in the UK North Sea. Our team of North Sea analysts looked back at the 55 biggest deals announced during that period to learn how value was created.

Would a hard Brexit mean hard times for the UK offshore wind industry?

• 05 March 2019

How likely is a no-deal Brexit and what would it mean for the UK offshore wind power industry? Get the latest analysis from our offshore wind team.

North Sea Financial Flexibility Index: surviving – and thriving – in a volatile environment

• 27 November 2020

With price volatility in the oil and gas industry looking increasingly endemic, financial flexibility is more crucial than ever. Wood Mackenzie has created its inaugural North Sea Financial Flexibility Index (FFI) to determine which companies are best placed to survive – and thrive – in the North Sea.

Webinar | Carbon offsets: How to realise value in the net zero transition

• 06 June 2024

Wham, bam, CBAM

• 10 June 2022

The European Commission (EC) plans to introduce the Carbon Border Adjustment Mechanism (CBAM), which could be a first step towards a global carbon market.

The domino effect of the Ukraine crisis on gas and LNG

• 07 February 2022

The effect of any reduction in Russian gas exports will ripple out much more widely into global gas, LNG and power markets.

Monetising the East Med’s giant gas finds

• 10 July 2020

The discovery of huge gas resources has made the Eastern Mediterranean an industry hot spot. Majors, NOCs and independents see a growth opportunity that could last for decades. LNG exports might be the path to full commercialisation. But geopolitics stand in the way. How can the interested parties find a way forward?

To-do list: how to attract capital back to the oil sector

• 07 September 2017

The mood has definitely changed. That much has been clear at the biannual Offshore Europe mega conference in Aberdeen.

Energy Pulse: in brief (28 July)

• 28 July 2023

News and views in brief from some of our global energy specialists, including challenges for offshore wind in Europe, Equinor buys renewables assets in Brazil, China adds to its LNG import capacity, and a potentially revolutionary scientific discovery.

The EU’s new carbon tax at the border

• 31 January 2020

The European Commission is proposing a new emissions-based import duty to prevent “carbon leakage”, but could face opposition from the US. This and more from Ed Crooks in this week's Energy Pulse.

The greening of BlackRock: What it means for energy

• 17 January 2020

In Ed Crooks' Energy Pulse this week: BlackRock puts sustainability front and centre, China agrees to import more US energy and Microsoft aims for negative emissions.

Strategic intelligence in European power markets for financials

• 20 July 2023

Comprehensive solutions for forecasting and evaluating future market dynamics in power generation and transmission

Why Covid-19 is the ultimate energy transition stress test for refiners

• 20 July 2020

Covid-19 is a threat to global refiners. Who will thrive? Who will merely survive? And what does this tell us about refiners’ resilience and readiness to take on the energy transition?

Lens platform: Lens Power & Renewables Europe, Middle East and Africa

• 24 February 2025

Interconnected power and renewables data to support long-term planning, strategy, and investment due diligence.

What ‘vehicle-to-everything’ electric vehicle pilots mean for the grid

• 23 June 2021

As rates of bus electrification continue to rise globally, fleet operators are looking to a novel solution to drive down costs and smooth the transition: vehicle-to-everything (V2X). What’s the potential of this technology, and what stands in the way of commercialisation?

Record highs for global wind turbine order intake in 2023

• 18 March 2024

Global wind turbine order intake hit new highs in 2023 with 155 gigawatts (GW) procured for the year, an increase of 16 GW from 2022.

From high energy costs to the materials transition: five themes shaping the future of petrochemicals

• 02 November 2022

A recap of the hottest topics of discussion at EPCA 2022

Shell 'to be net-zero company by 2050'

• 16 April 2020

Commenting after Shell announced its intention to become net-zero company by 2050, Luke Parker, vice president, corporate analysis, at Wood Mackenzie, said: “This is an evolution of the net carbon footprint ambition that Shell unveiled in November 2017.

Petrogas and Hitec Vision snap up Total UK asset package in $635m deal

• 10 July 2019

French Major Total has sold its stakes in 10 UK North Sea fields to Petrogas NEO, a new joint venture between Petrogas and HitecVision, for US$635 million. The asset package includes operated and non-operated assets, which will produce 25,000 barrels of oil equivalent per day (boe/d) this year. The assets hold over 30 million barrels of oil equivalent in remaining reserves.

Can the Iraq-Turkey pipeline logjam be cleared?

• 20 November 2023

A restart to Iraqi oil exports via Turkey is more than just a pipedream, but obstacles remain.

Tensions over “green protectionism” emerge at COP28

• 01 December 2023

Countries including China and India want the climate talks to address unilateral measures such as the EU’s CBAM and the US Inflation Reduction Act.

Global energy storage set to triple in 2021

• 07 October 2021

New research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK), shows annual global storage deployments will nearly triple year-on-year, reaching 12 GW/28 GWh in 2021. Across the world, economic recovery is top of mind for politicians, with renewable energy integration taking centre stage. Despite disruptions from the Covid-19 pandemic, Wood Mackenzie’s Global Energy Storage Outlook, released today, forecasts nearly 1 TWh of total demand from 2021-2030.

Evolving opportunities and challenges in the PET industry

• 02 February 2017

The recent PET 2020 conference in Brussels brought the industry together to reflect on how Europe's PET recycling model has become a benchmark in the wider market.

The outlook for European power and renewables

• 22 July 2024

Navigating revenues for grid-scale storage, deploying the onshore renewables pipeline and avoiding another false dawn for hydrogen

Metals and Mining Briefing | Capturing value from carbon taxes

• 08 July 2021

Join us on Thursday 8th July for a discussion with Wood Mackenzie’s senior metals and mining experts to understand how carbon taxes and stakeholder pressure are reshaping the metals and mining investment environment.

BP sells petrochemicals business to INEOS in US$5bn deal

• 29 June 2020

Steve Jenkins, vice president of Wood Mackenzie’s petrochemicals team, comments on this morning’s announcement from BP that it is selling its petrochemicals business to INEOS in a US$5 billion deal.

Future Facing Commodities Forum 2025

• 30 April 2025

Future Facing Commodities Forum returns on 30 April 2025, focusing on the outlook for the key commodities that underpin the energy transition.