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Battery electric vehicles (BEVs) will be the dominant form of road transport by 2050, accounting for 56% of all vehicle sales that year, according to new research from Wood Mackenzie, a Verisk business (Nasdaq:VRSK).
Achieving the 2°C goal of the Paris Agreement will require more than simply avoiding carbon. To cap global warming at 1.5°C or even 2°C, carbon removal will be essential. Research from global natural resources consultancy Wood Mackenzie, a Verisk business (Nasdaq:VRSK), shows the key to effective large-scale carbon removal is unlocking potential economies of scale through basin-wide carbon capture and storage (CCS), effectively providing a community answer to a global problem.
Santos has sanctioned the Barossa project, which extends the life of Darwin LNG (DLNG) beyond 2040.
Up to the mid-2020s, approximately 70% of wind and solar development activity will be supported by auctions. However, data from across Europe highlights that market-level dynamics are shaping the approach of would-be developers. As such, auctions alone will not be enough to deliver much-needed capacity, according to Wood Mackenzie.
The latest acquisitions by NEO Energy and Waldorf Production continue what has been blockbuster start to the year for UK M&A with buyers and sellers buoyed by the recent recovery in prices. Just over two months into 2021 and UK disclosed deal spend has reached US$2.7 billion, almost equalling last year’s total, making it one of the hottest markets globally.
Huomei Hongjun comprises three separate plants, which we cost as a single entity. We start costing Huomei Hongjun from 2005, with the start up of Huolinguole Line 1. Wood Mackenzie’s asset reports are built from the bottom up, incorporating a number of granular data metrics to ultimately produce our industry standard cash operating costs. This report contains a detailed asset note giving you a…
The KG-OS-DW (IV) block is located in the Krishna-Godavari basin on the east coast of India. Three notable discoveries have been made on the block, namely the G-1, S-1 and Vashishta fields. The Vashishta field in located to the south of the G-1 field, and 19 kilometres southwest of the Kanakdurga field. The G-1/GS-15 fields were brought onstream in 2011 while ONGC has earmarked the S-1 and…
Floating offshore could be the next frontier in wind power development in Asia Pacific, says Wood Mackenzie.
2020 was a difficult year for the world’s refineries as the coronavirus pandemic reduced refinery utilisation and OPEC+ supply restraint narrowed crude price differentials. Despite this, integrated refinery and petrochemical sites significantly outperformed their fuels-only peers, according to Wood Mackenzie.
Following the military coup in Myanmar on Monday, February 1st, Wood Mackenzie and Verisk Maplecroft experts weigh in on what this means for the oil and gas industry.
Australia needs an ambitious long-term Renewable Energy Target (RET) policy to unlock future investments, says Wood Mackenzie.
Wood Mackenzie’s latest analysis shows over US$5 trillion of investments would be needed for China to reach its pathway for carbon-neutrality by 2060.
According to Wood Mackenzie and the U.S. Energy Storage Association’s (ESA) latest 'US Energy Storage Monitor' report, 168 MW were deployed in Q2 2020. This is an increase of 72% quarter-over-quarter, 117% year-over-year and is the second-highest quarterly total ever seen, falling just behind Q4 2019 (186.4 MW).
Global regasification (regas) capacity under construction is expected to hit a 10-year high at 144 million tonnes per annum (mmtpa) in 2020, says Wood Mackenzie.
Green hydrogen costs will fall by up to 64% by 2040, according to new research from Wood Mackenzie.
Lithium-iron-phosphate (LFP) is poised to overtake lithium-manganese-cobalt-oxide (NMC) as the dominant stationary storage chemistry within the decade, growing from 10% of the market in 2015 to more than 30% in 2030, according to new analysis from Wood Mackenzie.
According to new analysis from Wood Mackenzie, annual average wind turbine supply is forecast to hit $60 billion between 2020 and 2028 - reflecting an increase of 8% compared to 2019.
In a new report, Wood Mackenzie projects that India could face over 21.6% or 3 gigawatts (GW) of solar photovoltaic (PV) and wind installations being delayed as a result of the country’s lockdown.
Wood Mackenzie’s latest analysis reveals that China’s crude stock (including strategic and commercial petroleum reserves) could reach 1.15 billion barrels in 2020, equivalent to 83 days of oil demand.
Overall flexible packaging demand in Asia grew by 4.8% in 2019, down from 5.6% in 2018. This was mainly due to slower growth rates in major national markets, according to Wood Mackenzie.
The starting gun has sounded for the global storage market, which is set to grow from approximately 4GW of annual deployments in 2019 to more than 15GW in 2024, according to Wood Mackenzie.
The Chinese economy and the country's polyester and textile industries could be under pressure as a result of the new coronavirus outbreak. Drawing a parallel with the SARS crisis in 2003, polyester demand may weaken as business activities stall.
The most important driver of the zinc market in 2020 will be the performance of the world’s zinc smelting industry, according to Wood Mackenzie.
Chinese steel demand will likely peak this year at 890 million tonnes, a growth of 1.5%, according to Wood Mackenzie. With China responsible for half of global steel demand, Chinese government policy remains core to Wood Mackenzie’s view.
Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020.
The EIB's new financing criteria will make lending to gas projects very difficult. It highlights that gas is also increasingly in the spotlight of the climate debate.
Brazil’s largest-ever auction of oil licences – the Transfer of Rights round – saw state-controlled Petrobras walk away with the biggest prizes, the Búzios and Itapu blocks.
ALFA Mexico has announced that its subsidiary, Alpek, has signed an agreement with Lotte Chemical Corporation to acquire its 100% stake in Lotte Chemical UK Limited. The deal includes a PET asset, with an installed capacity of 350 ktpa, in Wilton, England.
The global Biaxially Oriented Polypropylene (BOPP) film market has seen demand grow by just under 5% per annum over the last five years. The main driver of growth has been the demand for flexible packaging, particularly in China and South East Asia, according to Wood Mackenzie’s latest ‘BOPP Film Global Supply Demand Report’.
According to Wood Mackenzie’s inaugural global solar photovoltaic (PV) asset ownership ranking (excluding China)*, the world’s top 10 solar PV asset owners now hold over 22 gigawatts (GW) of cumulative solar capacity. Collectively, the top 10 added around 2.5 GW of new capacity in 2018.
ExxonMobil putting its entire Gippsland Basin upstream portfolio up for sale represents big news for the Australian upstream and gas market.
65GW of European onshore wind turbines will reach end-of-design-life by 2028. From 2019 to 2028, an average of 4GW of turbines per year that are reaching end-of-design-life will be lifetime extension (LTE) suitable, according to new research from Wood Mackenzie.
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