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News Release
Asia Pacific’s decarbonisation bill to hit US$3.5 trillion in 2040
- 12 November 2019
Recent research by Wood Mackenzie indicates that Asia Pacific’s decarbonisation bill could hit US$3.5 trillion by 2040. This includes investments in solar, wind, hydrogen, nuclear, and hydro power, collectively referred to as zero-carbon energy between now and 2040, under Wood Mackenzie’s accelerated transition scenario.
News Release
Europe and North America will have over 1 million workplace EV chargers by 2025
- 06 November 2019
The North America and Europe workplace EV charging markets could surpass a combined 500,000 charger units in 2022 and reach over 1.25 million by 2025, according to new research from Wood Mackenzie.
News Release
WoodMac and P2 Energy Solutions join forces to deliver data-driven insight to US energy sector
- 15 July 2019
Wood Mackenzie, the global natural resources research consultancy, announces today its partnership with P2 Energy Solutions to better analyse current and future well spacing.
News Release
Achieving U.S. recycled plastics goals by 2030 could cost $3bn
- 10 July 2019
Up to $3 billion in additional capital investment would be required to achieve current U.S. recycled plastics content goals by 2030, according to new analysis by Wood Mackenzie Chemicals
News Release
China to become largest energy storage market in Asia Pacific by 2024
- 09 July 2019
China’s cumulative energy storage capacity is projected to skyrocket from 489 megawatts (MW) or 843 megawatt-hours (MWh) in 2017 to 12.5 gigawatts (GW) or 32.1GWh in 2024. This represents an increase in the installed base of 25 times.
News Release
New pipeline needed to meet surge in demand for Permian crude
- 08 July 2019
Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie.
News Release
Global wind power capacity to grow by 60% over next 5 years
- 08 July 2019
Global wind power capacity additions are expected to sit at an annual average of 71GW from 2019-2023 and 76GW from 2024-2028, according to new research from Wood Mackenzie Power & Renewables.
News Release
OPEC+ aims for balance as it rolls over output curbs
- 02 July 2019
Speaking as the OPEC and OPEC+ meetings ended in Vienna today, Ann-Louise Hittle, vice president, Macro Oils, at global natural resources consultancy Wood Mackenzie, said: “The agreement to roll over production restraint was a foregone conclusion after the green light from Russia’s president, Vladimir Putin, at the G20 meeting for continued production restraint."
News Release
New European solar installations to double over next 3 years
- 26 June 2019
New solar installations within the European market will double in the next 3 years to reach a level of approximately 20GW/year. Total installed capacity in the region will surpass 250GW by 2024, according to new research from Wood Mackenzie Power & Renewables.
News Release
Comstock takes Haynesville lead with US$2.2bn Covey Park deal
- 11 June 2019
Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held producer Covey Park.
News Release
US energy storage market grows 232% year-over-year in Q1 2019
- 04 June 2019
New research from Wood Mackenzie finds that the U.S. energy storage market broke its previous record for megawatts deployed in a single quarter in Q1 2019.
News Release
Montney total production to increase by 16% in 2019
- 16 May 2019
Total production in Canada's Montney play will likely reach 10 billion cubic feet equivalent per day (bcfe/d) in 2019, an increase of 16% from 2018, according to new research from Wood Mackenzie.
News Release
U.S. energy storage market to double two years running
- 06 March 2019
The U.S. energy storage market nearly doubled in 2018 and is expected to double again in 2019. According to Wood Mackenzie Power & Renewables and the Energy Storage Association’s (ESA) freshly released U.S. Energy Storage Monitor 2018 Year-in-Review, 777 megawatt-hours of grid-connected energy st...
News Release
Brulpadda delivers the goods for Total
- 07 February 2019
French major Total and its partners, Qatar Petroleum, Canadian Natural Resources, and Main Street, have made a potentially play-opening discovery with the Brulpadda-1 well, in South Africa’s deepwater Outeniqua basin, about 180 kilometres south-east of PetroSA's Mossel Bay gas-to-liquids plant.
News Release
Has FLNG crested the wave?
- 30 January 2019
Despite its small share of the total liquefied natural gas market, floating LNG (FLNG) has generated outsized interest in recent years. In a world requiring tight capital discipline, FLNG offers lower capital investment and manageable costs, particularly in frontier regions.
News Release
2-degree world out of reach even under accelerated energy transition
- 30 November 2018
The global energy transition is underway, but is a 2-degree world within reach? In its alternative energy outlook, Carbon-constrained scenario 2018: Navigating a challenging path to lower global emissions, Wood Mackenzie explores how commodity demand and carbon emissions react by an accelerated deployment of power and transport sector technologies.
News Release
What do the US mid-term election results mean for renewable energy?
- 21 November 2018
The results of this year's U.S. mid-term elections may open a path for higher renewable portfolio standards and gigawatts of solar and wind deployments, according to a new analysis from Wood Mackenzie Power & Renewables.
News Release
Big Data adds up to big savings for upstream players
- 12 November 2018
The upstream sector could save as much as US$75 billion annually thanks to digitalisation and Big Data. In its new report, Digitalisation in upstream: Show me the money, global natural resources consultancy Wood Mackenzie dug into the numbers to see exactly what Big Data could do for Big Oil – and smaller players too.
News Release
New Turkmengaz gas and chemical complex good news for domestic petrochemicals industry
- 18 October 2018
Following the opening of the new Turkmengaz gas and chemicals complex, located in Kiyanly, Turkmenistan, Wood Mackenzie Chemicals Analyst Laurie Baxter commented:
News Release
Exploration industry eyes a brighter future at EAGE
- 12 June 2018
In his keynote address to the EAGE 2018 Conference in Copenhagen, Andrew Latham, vice president, global exploration, at Wood Mackenzie, told delegates that the exploration sector emerged from the downturn in better shape, and the economic outlook is looking bright.
News Release
Chinese shale gas production to almost double in two years
- 17 April 2018
Shale gas in China has seen significant progress over the last decade, growing to nearly 600 wells and 9 bcm of production last year. In its latest analysis, Wood Mackenzie projects Chinese shale gas production to almost double to 17 bcm in 2020.
News Release
IMO aims to halve global shipping emissions. But, what will it cost?
- 12 April 2018
The IMO is gearing up to cap sulphur emissions. Wood Mackenzie looks at the potential impact the new regulations could have on the shipping and bunker fuel sectors.
News Release
Upstream FIDs pushes on with lower costs
- 05 April 2018
As previously forecasted by Wood Mackenzie, 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Wood Mackenzie expects a similar total this year - circa 30 major project FIDs - supported by continued prudence in industry spending.
News Release
Latin America to buck global exploration trend in 2018
- 22 January 2018
Driven by an impressive array of licensing and farm-in opportunities, plus an upsurge in exploration activity, Latin America’s upstream sector is poised for a banner year in 2018, according to a new insight by Wood Mackenzie, Latin America Upstream: What to look for in 2018.
News Release
Deepwater Gulf of Mexico stages a comeback in 2018
- 05 January 2018
The U.S. deepwater Gulf of Mexico sector has struggled since crude dropped in late 2014. However, as costs finally settle at a bottom and operators set a new standard for operational efficiency, 2018 might just be a turning point for the sector.
News Release
Non-OPEC decline rates to remain stable until 2020
- 27 September 2017
Through operational excellence programmes and smart spending, operators have managed to maximise production and improve efficiencies, bucking expectations of an increase in decline rates. In fact, non-OPEC decline rates have remained stable since 2015. A new report by Wood Mackenzie, Non-OPEC Decline Rates: Lower for Longer, looks at the factors influencing this stability, how long it can be maintained and the impact future shifting decline rates may have on the oil market.
News Release
Majors start shaping strategies to capture a piece of the renewables action
- 26 September 2017
Renewable energy sources are set to radically reshape global energy markets. For the Majors, this poses a threat to legacy oil and gas operations, but is also an opportunity to diversify and future-proof portfolios.
News Release
Wood Mackenzie and Ball Corporation introduce new tool that tracks global LNG liquefaction train statuses in near real-time
- 13 July 2022
Wood Mackenzie, Inc. a Verisk business (NASDAQ:VRSK), and Ball Corporation (NYSE: BALL) today announced the launch of Global LNG Liquefaction Monitoring – the first product arising from their strategic agreement to accelerate the development of advanced analytics for energy markets.
News Release
Half of traditional super basins are future-fit and they have three things in common
- 21 July 2022
Energy super basins of the future must fulfill three key criteria - abundant resources, access to low-cost renewables and hub-scale carbon capture and storage (CCS) opportunities, according to a new report by Wood Mackenzie.
News Release
The Australian energy crisis highlights the need for new gas supply
- 29 August 2022
With prices soaring 400%, government is challenged to find the delicate balance of energy security and net zero goals

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