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As global ethylene consumption continues to grow, petrochemical companies will need to invest in new ethylene facilities to meet demand.
With around 500 stranded discoveries in Norway and the UK, the NOAKA project could be a gamechanger for the area. Could cooperation amongst companies make this a blueprint for new developments across the North Sea?
What should the global polyethylene industry brace themselves for in 2018?.
Even after growing by 3 million tons since 2012, the North American ethylene industry has 10 firm cracker projects currently underway – adding another 10 million tons by 2020. Where will all the extra polyethylene go? Surely it won’t stay in the North American markets, and it seems that this expansion is just the beginning.
What can we expect from the iron ore market in the near future? Alex Griffiths and Rory Townsend share their thoughts.
Lebanon's Third Licensing Round set to close in late 2025. The Lebanese Petroleum Administration (LPA) launched its third oil and gas exploration licensing round in December 2023. The closing date for bid submissions has been extended twice: the current deadline for applications is 28 November 2025. The offering consists of all ten blocks delineated by the LPA with the exception of Block 9, which…
Block 06-1 is located in the Nam Con Son Basin, 370 kilometres from shore, and contains the Lan Tay and Lan Do gas condensate fields. After several years of negotiation, PetroVietnam signed a number of commercial agreements in late-2000/early-2001, Lan Tay was developed. This was the first major gas development in Vietnam. Lan Tay started production on 22 November 2002 with the gas transported to…
Although undoubtedly some cost savings will stick, what conclusions can we draw before cyclical drivers weaken, revealing a reshaped industry and supply chain?
Patrick Kirby, Principal Analyst EMEARC Olefins, appeared on Dukascopy TV to explain why ethylene is so important to the market.
From the BBC World Service … Global commodities from cobalt to zinc are seeing a broad rally. What’s behind the grind higher and can you expect to see steeper prices on consumer goods like electric car batteries and gold products?
Ryan Macaluso discusses the reasons why styrene production shortfalls have led to volatile prices across this important market segment.
Our Asia Pacific upstream research team discusses the highlights and strategies of the Asian NOCs following the H1 2017 earning announcements.
China released policies in April cracking down on illegal smelting capacities. How much is at risk?
Our Asia Pacific upstream research team discusses the latest changes in the Australian upstream sector, focusing on Prelude's journey to Australia and the government's introduction an export restrictions policy.
Steve Jenkins reviews how Thai conglomerate PTT is changing its strategy in response to the government’s recent environmental and economic policymaking.
Global oil demand is in for a year of strong growth in 2017 but we expect growth to decelerate next year. Our experts explain how minor changes in the market and operating environment could bring major implications for price. Understand the five factors which we believe will have the biggest impact on our demand outlook to 2018.
Understand how downstream operating models are influencing upstream strategy.
Although West Texas is consuming over 30% of all Lower 48 capex this year, the Bakken, Eagle Ford, SCOOP/STACK and Powder River Basin account for another 25% of total US onshore spend in 2017. With investors increasingly focused on tight oil activity outside of the Permian, what does the future look like for these key plays?
After a tumultuous 24 months oil sands got a jolt with close to US$25 billion in M&A deals announced in March and April 2017.
Trump’s victory cast a shadow over the conference, which commenced with a celebration of the Paris Agreement entering into force just days beforehand.
Chris Barry discusses investment in the oil storage market.
It's going to be a big year for solar around the world. The global solar market grew by 26 percent last year, with 99 gigawatts of grid-connected PV capacity installed.
In our latest report, our analysts discuss whether the OFS giants have turned a corner and what's in store in North America and internationally.
Are PET bottles the world’s most sustainable packaging solution? Read more.
With the Paris Agreement ratified, it would seem that coal-based energy is facing its terminal decline. But the story isn’t that simple.
With a fair amount of spare LNG likely to be washing around the market over the next few years, buyers aren’t exactly queuing up to sign contracts and support new projects.
Preparing for Mozambique’s upcoming LNG boom Mozambique is an emerging leader in LNG: the country is expected to become the largest producer in sub-Saharan Africa (and the fourth largest in the world) by the mid-2020s when over 30 mmtpa of LNG comes onstream. Mozambique’s NOC ENH had a unique opportunity to develop its business and become an active player in the global LNG market, which is forecast to more than double in size by 2040.
Upstream cost control and operational efficiency more relevant than ever, what are the major drivers?
How much do we think investment is going to fall this year, why is it different to the last price crash, and where are the costs most likely to be cut? Our team of global upstream experts tackles the industry’s burning questions in this 35-minute webinar.
Listen to this webinar to find out how Covid-19 and the emerging global recession are affecting European power and renewables markets.
A look at ERCOT's summer trends and changing pricing dynamics.
Each quarter, Wood Mackenzie’s grid edge analysts release an update on what’s going on in the markets they cover.
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