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News Release
Asia olefins face historical production losses due to regional lockdowns
- 29 April 2020
A new report from Wood Mackenzie shows that olefins production losses in Asia have reached historical highs as a result of regional lockdowns in the wake of the coronavirus outbreak.
Comment
Equinor carves Gulf of Mexico niche with Monument discovery
- 06 April 2020
Norwegian operator Equinor today announced it struck 200 feet of oil pay at the Monument exploration well, in the US Gulf of Mexico.
Comment
India's 2020 energy outlook
- 23 January 2020
India's 2020 energy outlook
News Release
Increased uncertainty to colour upstream sector’s decision-making in 2020
- 09 January 2020
The level of uncertainty and anxiety among upstream producers and supply chain has rarely been higher. In 2020, decision-making will be more heavily influenced by sentiment surrounding the energy transition, political upheaval and trade disputes than in previous years. This adds to the ever-present risks of unexpected supply-demand imbalance, niche cost inflation or a global economic downturn. What are the biggest trends to watch in the upstream oil and gas business in 2020? Fraser McKay, head of upstream analysis at Wood Mackenzie, sees five key themes.
News Release
China to dent global polyester growth in 2020
- 09 January 2020
Chinese polyester market growth is expected to sit at just below 3% in 2020, a marked decline from the strong growth seen between 2018 and 2019. This dip in performance is mainly due to slashed growth for bottle-grade PET, according to Wood Mackenzie.
12959 related products from the Store that match
- Asset Report
  Southern Goldfields operations
  - 30 October 2025
  Westgold Resources' Southern Goldfileds includes Beta Hunt, Two Boys underground mines, and smaller open pits, all supported by the 1.6Mtpa Higginsville plant. In August 2024, Westgold Resources acquired Karora Resources. The acquisition allowed Westgold to integrate Karora's assets, including the Beta Hunt and Higginsville gold operations, with its existing mines in the Murchison region of…
- Asset Report
  Halfaya
  - 30 October 2025
  Halfaya is a medium-heavy oil field located in the Missan province, 130 kilometres north of Basra. The main reservoir is the Mishrif which produces heavy oil, although oil is produced from several different formations.The field was discovered in the 1970s but remained largely undeveloped until the 2000s. Initial development began in 2005 via minimal surface facilities. Full field development…
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News Release
Can Europe cope if Russia shuts off Ukraine gas transit?
- 19 December 2019
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."
News Release
China’s wind repowering market to boom from 2023
- 17 December 2019
According to a new report by Wood Mackenzie, China’s wind repowering market is expected to take off from 2023. More than 21 gigawatts (GW) (cumulative capacity) of China’s wind turbine fleet is expected to be repowered over the next 10 years (2019-2028).
News Release
Project delays and cancellations to dampen US microgrid growth through 2021
- 16 December 2019
Project cancellations and delays connecting planned projects to the electric grid will lead the US microgrid market to contract 17% from its 2018 peak by the end of this year, according to new research from Wood Mackenzie.
News Release
Anchor's aweigh as Chevron gives nod to US Gulf of Mexico development
- 12 December 2019
Chevron has given the green light to the Anchor development in deepwater US Gulf of Mexico. This is Chevron’s first greenfield final investment decision as an operator since its sanction of Big Foot and Jack/St Malo in 2010.
News Release
Was 2019 the year of recycled PET?
- 10 December 2019
2019 has been a year of successes within the recycled PET (RPET) industry.
News Release
Australia’s east coast gas prices to bottom out over next two years
- 20 November 2019
In the latest Australia east coast gas market research, Wood Mackenzie projects that the LNG netback price for Australia’s east coast could bottom out to A$6.50 – A$9 per gigajoule (GJ) over the next two years.
News Release
Renewables growth may close green hydrogen cost gap by 2030
- 22 October 2019
Green hydrogen production can compete with fossil fuel-based hydrogen by 2030 in Australia, Germany and Japan, should renewable power prices reach US$30 per megawatt hour (MWh), new research from global natural resources consultancy Wood Mackenzie indicates.
Comment
Brazil licensing round sets record as Majors eye November's prizes
- 10 October 2019
Brazil's Licensing Round 16 set a record – the BRL 8.9 billion (US$2.2 billion) in signature bonuses is the highest yet for a Brazilian round. Of the 36 blocks on offer, 12 were awarded, all in the prolific offshore Campos and Santos basins. Malaysia’s Petronas, Qatar’s QPI, Spanish producer Repsol and the US’ Chevron all bid high. QPI and Petronas were the biggest spenders of the day, as well as Petrobras. Only Campos and Santos basin blocks were awarded, with frontier acreage failing to attract interest.
News Release
China’s pipeline reform: expect higher gas prices in the short-term
- 09 October 2019
New research from Wood Mackenzie indicates that the creation of a national pipeline company in China is a step in the right direction but will result in higher end-user prices in the short-term as the country tries to balance institutional reform with implementation risks.
Comment
Total begins construction of third solar power plant in Japan
- 08 October 2019
Total Solar International has begun construction of Miyagi Osato Solar Park, a large-scale solar plant in Japan.
Comment
ExxonMobil farewells Norway with US$4.5bn Vår Energi deal
- 27 September 2019
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.
News Release
Global automotive industry to drive industrial textile demand
- 23 September 2019
Airbags are a core and growing part of the industrial textile portfolio. Current global airbag yarn demand sits at 164 ktpa and is expected to reach 237 ktpa by 2025, according to a new report from Wood Mackenzie.
Comment
MEG and polyethylene spot prices jump after Saudi drone attack
- 17 September 2019
Spot prices of monoethylene glycol (MEG) and polyethylene (PE) have spiked in Asia, following news of the drone attacks on oil facilities in Saudi Arabia over the weekend. These two commodities are the two main chemical exports of the region.
News Release
US wind to peak in 2020 with 14.6 GW as Production Tax Credit expires
- 12 September 2019
Highlights from Wood Mackenzie's 2019 North America wind power outlook
News Release
Global wind turbine fleet to consume over 5.5Mt of copper by 2028
- 02 September 2019
Over 650 GW of new onshore and 130 GW of new offshore wind capacity will be installed between 2018 and 2028. This will consume in excess of 5.5Mt of copper, according to a recent analysis by Wood Mackenzie.
News Release
No-Deal Brexit won’t sound death knell for UK refiners
- 23 August 2019
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.
News Release
Resilience to drive US microgrid growth
- 08 August 2019
The US microgrid industry may find opportunities for substantial future growth in geographical areas that are repeatedly affected by power outages, as customers seek out resilient solutions, new research from Wood Mackenzie found.
News Release
Europe’s flexible packaging market will be worth over €16 billion by 2023
- 23 July 2019
Europe's flexible packaging market is predicted to achieve a compound annual growth rate (CAGR) of 2% over the next five years to reach over €16 billion in 2023.
News Release
Decarbonising US power grid 'may cost US$4.5 trillion'
- 27 June 2019
The transition to a 100% renewable US power grid will need investment of up to US$4.5 trillion over the next 10 to 20 years, new analysis from Wood Mackenzie found.
News Release
Malaysia offers significant gas opportunities
- 24 June 2019
According to research by natural resources consultancy Wood Mackenzie, Malaysia offers some of the most material and attractive upstream investment opportunities in Southeast Asia, primarily due to the need for additional gas supply.
Comment
PES refinery fire halts gasoline production
- 21 June 2019
A large fire at the Philadelphia Energy Solutions (PES) oil refinery in Philadelphia has halted gasoline production at the complex.
News Release
Beetaloo could bring long-term gas supply to Australia's east coast market
- 29 May 2019
According to research by Wood Mackenzie, Australia's Beetaloo basin is the only new gas resource with sufficient scale to supply the east coast market in the long term.
News Release
Major policy changes in China to drive long-term solar installation growth
- 14 May 2019
The solar market in China could see long-term benefits from major government policy changes that move the country away from federal feed-in tariffs and embrace unsubsidised business models.
News Release
LNG primed for US$200bn capex boom
- 25 April 2019
The liquefied natural gas (LNG) boom is back. Over the next two years, almost 90 million tonnes per annum (mmtpa) of LNG is expected to take final investment decision (FID) and start construction. New research from Wood Mackenzie show that capital expenditure - for both LNG plant and upstream infrastructure - will total more than US$200 billion between 2019 and 2025. This will provide a major boost to engineering, procurement and construction (EPC) contractors and other providers along the supply chain.
Comment
Delek makes splash with US$965m deepwater Gulf of Mexico deal
- 12 April 2019
Delek Group has bought Shell's stake in the Caesar-Tonga field, in the deepwater Gulf of Mexico

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Search results: 5190

Asia olefins face historical production losses due to regional lockdowns

Equinor carves Gulf of Mexico niche with Monument discovery

India's 2020 energy outlook

Increased uncertainty to colour upstream sector’s decision-making in 2020

China to dent global polyester growth in 2020

12959 related products from the Store that match

Southern Goldfields operations

Halfaya

Can Europe cope if Russia shuts off Ukraine gas transit?

China’s wind repowering market to boom from 2023

Project delays and cancellations to dampen US microgrid growth through 2021

Anchor's aweigh as Chevron gives nod to US Gulf of Mexico development

Was 2019 the year of recycled PET?

Australia’s east coast gas prices to bottom out over next two years

Renewables growth may close green hydrogen cost gap by 2030

Brazil licensing round sets record as Majors eye November's prizes

China’s pipeline reform: expect higher gas prices in the short-term

Total begins construction of third solar power plant in Japan

ExxonMobil farewells Norway with US$4.5bn Vår Energi deal

Global automotive industry to drive industrial textile demand

MEG and polyethylene spot prices jump after Saudi drone attack

US wind to peak in 2020 with 14.6 GW as Production Tax Credit expires

Global wind turbine fleet to consume over 5.5Mt of copper by 2028

No-Deal Brexit won’t sound death knell for UK refiners

Resilience to drive US microgrid growth

Europe’s flexible packaging market will be worth over €16 billion by 2023

Decarbonising US power grid 'may cost US$4.5 trillion'

Malaysia offers significant gas opportunities

PES refinery fire halts gasoline production

Beetaloo could bring long-term gas supply to Australia's east coast market

Major policy changes in China to drive long-term solar installation growth

LNG primed for US$200bn capex boom

Delek makes splash with US$965m deepwater Gulf of Mexico deal