China begins the sale of its strategic petroleum reserves (SPR) today, which is unlikely to have material impact on crude oil markets globally, reckons Wood Mackenzie.
Carbon capture and storage (CCS) will play an important role in decarbonising liquefied natural gas (LNG), but the pace of progress remains too slow, writes Gavin Thompson, Asia Pacific vice chair, Wood Mackenzie.
The cacophony around Cambo could throw a “huge spanner” into the works with regards to investment appetite in the North Sea, an industry expert has said.
Ithaca Energy’s oil find at Fotla has been described as a “ray of light” for UK exploration, in what has otherwise been a tough year.
Carbon capture and storage (CCS) could have a “material impact” on the carbon emissions of liquefied natural gas (LNG) projects, according to analysts.
Oil and gas companies have a golden opportunity use the windfall from the recent commodity price upcycle to accelerate their decarbonisation drives, a new report says.
The development of a “net-zero hub” on the Firth of Forth is key to achieving Scotland’s climate change goals, according to global natural resources consultancy Wood Mackenzie.
Skyrocketing carbon prices and a “code red” warning about the threat posed by climate change are giving fresh momentum to a technology that captures and removes greenhouse gas emissions so they can be buried.
Woodside today confirmed it is in discussions with BHP over a potential merger involving BHP’s entire petroleum business. This merger “would create a new international super independent built for scale and resilience, with a long-term focus on LNG but exposure in the medium term to high-margin, deepwater oil,” said Andrew Harwood, Asia Pacific research director at Wood Mackenzie.
While the current boom in domestic gas production will derail liquefied natural gas (LNG) demand growth in the short-term, the lack of significant pre-FID domestic supply and no discoveries of note in blocks awarded under the OALP rounds should ensure that beyond 2024 India’s LNG demand roars back, writes Gavin Thompson, Wood Mackenzie Asia Pacific vice chair.
Shell is making plans to exit its onshore business in Nigeria, but Wood Mackenzie has called for caution from prospective buyers.
Oil and gas faces an existential crisis as global efforts to reduce carbon emissions gather strength and pace. In this new paradigm, definition and assessment of risk is critical.
The diverse Asia Pacific regions offer a myriad of opportunities, ranging from decommissioning, late-life field rejuvenation, offshore wind, as well as carbon capture and storage (CCS), for adventurous UK companies.
As national carbon-neutral targets come into focus, Asia Pacific solar photovoltaic (PV) capacity could triple by 2030 to 1500 gigawatts (GW), with Indonesia potentially the fastest expanding market by the end of the decade, according to new research from Wood Mackenzie.
The Nigerian Senate and House of Representatives have passed the Petroleum Industry Bill (PIB) in a bid to draw in more investment, from foreign and domestic sources.
Carbon capture and storage (CCS) is seen as an essential requirement by the oil and gas industry for it to meet the targets of the Paris Agreement, however the only way it will become commercially viable is if companies collaborate to create shared-CCS hubs, according to Wood Mackenzie.
Southeast Asia is emerging as a hotspot for global solar investment with over $10 billion invested just last year. In 2020, the region represented 12% of the global solar market and installed capacity has more than doubled every year since 2018, Rishab Shrestha, analyst at Wood Mackenzie told the APAC power and renewables summit today.
Investments in Asia Pacific wind and solar power could double to $1.3 trillion over the current decade to 2030 compared with the period 2011-20, predicts Wood Mackenzie. However, in most Asian markets, subsidy-free renewable power will not be able to compete with coal power until 2025 or later, cautioned the energy research company.
Surging demand will see China become the world’s largest importer of liquefied natural gas (LNG) this year, stealing the crown from Japan, according to forecasts from energy research company Wood Mackenzie.
Australian producers need to be at the forefront of carbon-neutral liquefied natural gas (LNG) or “green LNG” to remain competitive, energy research company Wood Mackenzie told delegates at the Australian Petroleum Production & Exploration Association (APPEA) conference today. But progress is not fast enough.
Oil majors need to curb emissions in sub-Saharan Africa -- where almost half of their most polluting assets are located -- as investors demand greater efforts to slash carbon output, according to Wood Mackenzie Ltd.
UK oil and gas firms would have to fully electrify the west of Shetland and central North Sea basins to achieve government and industry’s green goals, an analyst has said.
The world’s energy consumption will change “profoundly” if it is to meet the Paris Agreement goals, Wood Mackenzie has said in a new report.
Investors are in the dark about the financial implications of emissions from Woodside Petroleum’s proposed Scarborough liquefied natural gas (LNG) development at the North West Shelf offshore Western Australia, according to the Institute for Energy Economics and Financial Analysis (IEEFA)
Bosses at Longboat Energy are “participating” in a number of acquisition processes as the London-listed firm looks to do its maiden deal.