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US energy storage market sees strong first quarter despite coronavirus

02 June 2020

The United States energy storage sector saw a strong first quarter, with residential storage setting another record while the non-residential market had its third-strongest quarter on record.

News Release

Global LNG demand faces first seasonal contraction in 8 years

02 June 2020

The global liquefied natural gas (LNG) industry is about to face its first seasonal demand contraction since 2012, with demand in summer 2020 expected to fall 2.7% or 3 million tonnes (Mt) year-on-year, says Wood Mackenzie.

News Release

Oil supply cuts could curtail 15% of ethylene supply in Middle East

13 May 2020

Approximately 15% of ethane-based ethylene supply in the Middle East could be lost this year due to oil supply dynamics, according to new analysis from Wood Mackenzie. This equates to around 1.5 million tons of ethylene.

News Release

India’s bulks supply chain takes a hit during lockdown

08 April 2020

India is under a three-week lockdown from 25 March to contain the spread of the coronavirus outbreak. Businesses are shut, and the supply chain is disrupted. Industries are either closed or operating at sub-optimal utilisation.

News Release

African upstream capex ‘may be slashed by 33%’

31 March 2020

Faced with the double whammy of the oil price crash and the coronavirus pandemic, Africa’s upstream sector looks set to slash capital spending by around 33% in 2020. Similar cuts to operating costs are also targeted by producers to stay cash-flow neutral. Unlike the 2015-16 price crash, this time nothing is sacrosanct: some operators will even wield the axe on committed spend, as well as the discretionary expenditure.

News Release

2020 to be year of transition for global olefins industry

20 January 2020

Wood Mackenzie expects the combined capacity expansion of base olefins - ethylene, propylene and butadiene - to hit unprecedented levels of around 20 million tonnes in 2020. This represents an increase of 6% on 2019 levels.

News Release

North Sea to remain global hotspot in 2020

09 January 2020

It will be a noteworthy year for the North Sea – companies will increase production for the first time since 2017 and the outlook for both exploration and investment is looking healthy. The region will remain a global hotspot for deals as the corporate landscape continues to evolve. Crucially, the North Sea will also see major steps towards decarbonisation.

News Release

OPEC+ set to make its choice

05 December 2019

OPEC+ gathers today and tomorrow to decide if the group should roll over its production restraint agreement or consider deeper cuts. The current agreement to reduce output by 1.2 million b/d runs to end March 2020. Ann-Louise Hittle, vice president, Macro Oils, said: “The idea of deeper cuts has been broached, but we consider that less likely to reach full agreement than a rollover of the standing agreement. The need for production restraint is clear. Slower US production growth is not enough to offset the ongoing imbalance between global supply and demand.”

News Release

Renewable electricity to deliver on Europe’s 2030 climate-energy goals

07 November 2019

If European member states deliver their individual National Energy and Climate Plans, renewables will account for around 53% of power supply in 2030. Europe is on track to hit this target, although the performance of individual countries will vary, according to analysis from Wood Mackenzie.

News Release

Wood Mackenzie’s new data technology transforms upstream valuations

09 October 2019

Natural resources research and consultancy Wood Mackenzie launches the world’s first Global Upstream Valuation solution, enabling organisations from the largest oil and gas companies to global banks to value assets around the globe in seconds.

News Release

Unplanned solar plant repairs to cost industry $16 billion over next 6 years

08 October 2019

Annual solar plant operations and maintenance (O&M) costs will grow from nearly $4.5 billion in 2019 to just over $9 billion in 2024. This increase is due to future demand growth and current installed capacity. Unplanned repairs alone can cost owners up to $3,000/MW/year, based on an average-sized solar power system of 50MW, according to new research from Wood Mackenzie.

News Release

Coal is still king in Southeast Asia’s power market

25 September 2019

According to a new report by Wood Mackenzie, coal will continue to be the dominant fuel source in power generation, peaking at 2027 before slowing down and accounting for 36% of the region’s generation mix in 2040.

News Release

US PET and aromatics markets face major restructuring if plastics recycling goals met by 2030

10 September 2019

Meeting current US recycled plastics content goals by 2030 would significantly alter the region's PET resin and upstream aromatics markets, according to a recent analysis from Wood Mackenzie.

News Release

Murphy Oil reaches FID in Gulf of Mexico deepwater

08 August 2019

Murphy Oil has reached a Final Investment Decision (FID) regarding the King's Quay facility, Khaleesi/Mormont and Samurai developments in deepwater Gulf of Mexico. Commenting, Mfon Usoro, Wood Mackenzie analyst said: “Murphy’s sanction of the trio of projects including the King’s Quay facility, K...

News Release

Brazil gas market reform unlocks investment across value chain

06 August 2019

Brazil’s natural gas market reforms have taken a major step forward, with plans in place which are set to open up opportunities across the gas value chain, and boost investment in the country’s pre-salt.

News Release

India leads with lowest renewable cost in Asia Pacific

29 July 2019

India has emerged as the market leader with the lowest renewable energy cost in Asia Pacific, new research from Wood Mackenzie found.

News Release

Top ten wind turbine OEMs to spend €2.3bn on R&D by 2023

23 July 2019

Research and development (R&D) expenses among the world's top ten wind turbine OEMs have more than doubled in the last four years, reaching €1.6bn in 2018. This figure is expected to increase to €2.3bn by 2023.

News Release

Tsingshan Indonesia shakes up stainless steel markets in South East Asia

15 July 2019

Shockwaves from Tsingshan's new stainless steel hub in Indonesia are reverberating across South East Asia and beyond, according to Wood Mackenzie

News Release

Mexico to lead Central America, Caribbean wind power growth

03 July 2019

More than 9.5 gigawatts (GW) of new wind power capacity will be commissioned in Central America and the Caribbean through 2028, driven by central planning authorities in smaller markets and the attractive value proposition of the technology in Mexico, new research from Wood Mackenzie found.

News Release

Top 5 turbine OEMs to rule two thirds of global market by 2020

19 June 2019

After a decade of fragmentation, the top 5 turbine OEMs have reached industry consolidation. Key global players are expected to surpass a combined market share of 68% by 2020, up from 47% 5 years ago, according to recent research from Wood Mackenzie Power & Renewables.

News Release

Southeast Asia’s wind power needs US$14 billion new investments by 2030

22 September 2020

Southeast Asia’s wind power sector requires at least US$14 billion of investments by 2030, says Wood Mackenzie. This is to support the 8.9 gigawatts (GW) of new wind power capacity that Wood Mackenzie expects to be added between 2020 and 2029.

News Release

US energy storage installations set new record in Q3 2023

13 December 2023

The U.S. storage market hit a new high in Q3 2023, installing the most capacity in a quarter to date with 7,322 megawatt hours (MWh) becoming operational in the third quarter of 2023.

News Release

Rosebank and Cambo fields barometer for the future of the North Sea

26 June 2023

The development of the Rosebank and Cambo oil fields in the North Sea would save 17 million tonnes of CO2 emissions over their projected lifetimes compared to the equivalent amount of imported oil and gas according to Malcolm Forbes-Cable, Vice President of Energy Consulting (Upstream, EMEA) at Wood Mackenzie.

News Release

European residential storage market at economic tipping point

06 August 2019

The European residential storage market deployment base is expected to grow five-fold to 6.6 GWh by 2024, according to new research from Wood Mackenzie.

News Release

Competition increases in the residential solar-plus-storage battery market

12 December 2023

As the residential solar-plus-storage market continues to grow, competition has increased amongst battery vendors, with new manufacturers gaining market share in recent years, according to a new analysis from Wood Mackenzie

News Release

Packaging redesign could reduce global plastic demand by 20% by 2050

10 June 2021

Plastic packaging redesign, which includes elimination, substitution and reuse approaches, could reduce global plastic packaging demand in 2050 from 190MT to 150MT, according to a new analysis from Wood Mackenzie’s Cross-Polymer Demand Model.

News Release

South America to add 160 GW of solar PV capacity by 2034

05 March 2025

Wood Mackenzie's latest report on the South American solar PV market reveals that the region will add 160 GWdc of solar capacity between 2025 and 2034, driven by diversification efforts, growing power demand, and favourable system economics. The report "South America Solar PV Market Outlook 2025" provides a comprehensive analysis of the region's solar energy landscape, power sector dynamics, 10-year solar PV installation outlook, and policy impacts across key markets.

News Release

New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

11 January 2017

Confidence will return to the sector in 2017, with exploration and production spend to rise by 3% to US$450 billion.

News Release

US Distributed Energy Resource market to almost double by 2027

20 June 2023

The US Distributed Energy Resource (DER) market is expected to nearly double in capacity from 2022 to 2027, with capital expenditure reaching US $68 billion per year, according to Wood Mackenzie’s ‘2023 US Distributed Energy Resource Outlook’ report released today.

News Release

Global lithium-ion battery capacity to rise five-fold by 2030

22 March 2022

Global cumulative lithium-ion battery capacity could rise over five-fold to 5,500 gigawatt-hour (GWh) between 2021 and 2030, says Wood Mackenzie.

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Search results: 858

US energy storage market sees strong first quarter despite coronavirus

Global LNG demand faces first seasonal contraction in 8 years

Oil supply cuts could curtail 15% of ethylene supply in Middle East

India’s bulks supply chain takes a hit during lockdown

African upstream capex ‘may be slashed by 33%’

2020 to be year of transition for global olefins industry

North Sea to remain global hotspot in 2020

OPEC+ set to make its choice

Renewable electricity to deliver on Europe’s 2030 climate-energy goals

Wood Mackenzie’s new data technology transforms upstream valuations

Unplanned solar plant repairs to cost industry $16 billion over next 6 years

Coal is still king in Southeast Asia’s power market

US PET and aromatics markets face major restructuring if plastics recycling goals met by 2030

Murphy Oil reaches FID in Gulf of Mexico deepwater

Brazil gas market reform unlocks investment across value chain

India leads with lowest renewable cost in Asia Pacific

Top ten wind turbine OEMs to spend €2.3bn on R&D by 2023

Tsingshan Indonesia shakes up stainless steel markets in South East Asia

Mexico to lead Central America, Caribbean wind power growth

Top 5 turbine OEMs to rule two thirds of global market by 2020

Southeast Asia’s wind power needs US$14 billion new investments by 2030

US energy storage installations set new record in Q3 2023

Rosebank and Cambo fields barometer for the future of the North Sea

European residential storage market at economic tipping point

Competition increases in the residential solar-plus-storage battery market

Packaging redesign could reduce global plastic demand by 20% by 2050

South America to add 160 GW of solar PV capacity by 2034

New projects in the upstream oil and gas industry to double in 2017 predicts Wood Mackenzie

US Distributed Energy Resource market to almost double by 2027

Global lithium-ion battery capacity to rise five-fold by 2030