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From the Majors to OPEC+ … and the key topics in between.
The European Union's initiative takes effect in 2025.
The sector must adapt to survive in a world seeking to balance the trilemma of energy security, affordability and sustainability.
Our experts outline the latest developments in upstream.
Ammonia shapes modern life in every way imaginable. As the basis for all nitrogen fertilisers, industrial ammonia has truly changed the world.
Berling is a HP/HT gas and condensate field, located in the Norwegian Sea, three kilometres north of the Morvin field. The Berling development was formerly known as the Hades-Iris discoveries. In 2023, a plan for development and operation was approved to bring the two reservoirs onstream as a single development. Berling is being developed as subsea tie-back to the Åsgard B facilities.
South Arne is a large oil field, located in the eastern part of the Danish offshore sector. The field has geologically complex, fractured Upper Cretaceous (Maastrichtian) and Paleocene (Danian) chalk reservoirs.The field has been developed in phases using a concrete gravity-based structure (GBS) platform, with a steel drilling tower and full processing facilities.Phase I involved first production…
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Ride sharing has swept transportation systems over the last decade – bringing convenience, bu...
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.
UK gas production is down 28% year-to-date, helping fuel the current European gas price rally, global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq: VRSK) said.
The development of net zero hubs around the UK has proved a key plank of the country’s strategy towards achieving net zero by 2050. Scotland, which has a 2045 net-zero target, could advance its ambitions by establishing a net zero hub on the Firth of Forth, research from global natural resources consultancy Wood Mackenzie, a Verisk company (Nasdaq: VRSK) has found.
Our host and experts will explore how to power smarter trading decisions in short-term power markets using high-frequency data, forecasting and actionable insights. They’ll discuss the advantages of proprietary data over public sources, demonstrate how Intraday Price Predict supports real-time decision-making, and highlight how Power Trading Analytics platform (PTA) helps unify key market signals into actionable insights.
With hopes of vaccines setting a better course for 2021, this year will see policymakers and market participants focus on initial but substantive steps towards net-zero objectives.
Prime Minister Boris Johnson has announced the UK's new 10-point climate action plan.
Anglo-Dutch supermajor Shell today slashed its dividend by 66%, the first time the company has cut cash distributions to shareholders since World War II. The annual pay-out will fall from US$14.9 billion to US$5.1 billion, freeing up US$10 billion of capital.
The gas transit and supply contracts between Russia and Ukraine expire at 10 am on 1 January 2020 (Moscow time) – the future of Ukraine transit remains the largest uncertainty for global gas markets in 2020. Murray Douglas, director, European gas at global natural resources consultancy Wood Mackenzie, said: “Ukraine remains the major transit route for Russian gas into Europe – over 76 billion cubic metres (cm) will be transported via Ukraine this year."
ExxonMobil is selling its Norwegian business to Eni/HitecVision-owned Vår Energi for US$4.5 billion, Norway’s biggest deal since the Statoil-Norsk Hydro merger in 2006.
Despite speculation that a No-Deal Brexit would have a severe impact on the UK refining industry, Wood Mackenzie’s analysis indicates that while the sector’s dynamics would shift and margins will narrow, it would not be crippled.
After a difficult few years, the exploration sector is back in the black – and keen to stay there. New analysis from Wood Mackenzie shows that explorers’ success in 2018 reflects a disciplined approach that’s set to continue this year.
The Oil & Gas Authority's (OGA) decision to launch the 31st supplementary offshore licensing round, focusing on the Greater Buchan Area offers a material opportunity for players active in the UK North Sea
Gas still has a role to play in reducing global carbon emissions. But what will the renewed focus on decarbonisation mean for the gas and LNG industry?
Low-carbon technologies have the potential to transform the energy industry. They could also have a powerful effect on local economies – as the UK is on a mission to demonstrate.
The European market value of energy-efficient residential heat pumps is set to more than double to exceed €30 billion by 2030. However, policy change is crucial if this solution to carbon-intensive heating is to reach its full potential.
What’s the emissions intensity of the North Sea upstream sector – and who can drive change?
Three different OEMs realised double-digit GW installations in 2022, despite multiple supply chain complications
A huge push is needed to stay on track with ambitious EU net-zero targets. But at the same time, the coronavirus pandemic has stoked fears that green ambitions may be diluted as Europe looks to weather the economic turmoil. This has made the clean energy space both exciting and volatile. So, what does that mean for project finance?
The proposed measures will increase demand for wind power across the EU – but strong barriers on the local and national level repress an accelerated wind buildout.
The oil and gas sector bounceback is set to continue – but the positive outlook is tempered by concerns about its future in a decarbonising world. Find out how global trends could play out in your region in our 2022 Outlook series.
The electrolytic hydrogen sector is rapidly expanding, with over 85 Mtpa of projects announced and cumulative factory announcements exceeding 218 gigawatts of electrolyser capacity by the end of Q3 2023
To accelerate Europe’s energy transition, investors need to leverage opportunities to diversify the region’s energy mix.
Western OEMs reduce the pace of NPI and focus on product standardisation while Chinese peers continue the frenetic pace of new turbine introduction
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