Worley, Voar, Wood Mackenzie publish study into Shetland energy hub
A study showcasing Shetland’s potential to become a leading green energy hub of the future has been published.
A study showcasing Shetland’s potential to become a leading green energy hub of the future has been published.
The North Sea will take a £17.5 billion hit from the new windfall tax, the Aberdeen and Grampian Chamber of Commerce (AGCC) has claimed.
As industry grapples with the newly-imposed windfall tax, questions linger on the government's view of a so-called "normal" price for oil and gas.
The UK Treasury is set to collect record revenue from oil and gas this year - with or without a windfall tax.
Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history.
Key North Sea oil projects currently in the pre-final investment decision (FID) phase could deliver nearly 1.5 billion barrels, according to new research.
Opportunities abound for mergers and acquisitions across energy-hungry Asia Pacific nations, as majors, such as Chevron, Shell, and ExxonMobil, seek to exit or rationalise their upstream portfolios.
A “bare minimum” of £458 billion of investment and policy support will be needed by 2050 to get the global hydrogen market up and running.
OPEC members have opted to drop their use of data from the International Energy Agency (IEA) in their monthly reporting.
Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
Mozambique’s sixth bid round is under way and potential bidders have until the end of February to pre-qualify.
Black smoke spewed across Houston’s industrial suburbs for more than an hour on Monday morning, just days after a winter storm knocked out power at several of the nation’s largest oil refineries.
With around 200 carbon capture, utilisation and storage (CCUS) projects now in the pipeline, the fledgling sector is set for significant growth in 2022 – but cost controls, operational success and political support will be essential to maintain pace, says Wood Mackenzie.
The world must prepare for ‘tangible economic implications’ if it is to cap global warming to the 1.5°C limit agreed in the Paris Climate Accord.
The biggest North Sea majors are set to invest more in the region’s wind power in the coming years than in its oil and gas.
Worries that the current shortage of liquefied natural gas will persist through the middle of the decade are triggering a rush to sign long-term deals, pushing up the price of contracts for the super-chilled fuel.
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.
North Sea operators will deliver 'near-record' cash margins in 2022, according to Wood Mackenzie, amid higher oil and gas prices and following 'brutal' cuts of previous downturns.
The oil and gas sector will enter 2022 with record cash flows amid high commodity prices, but increasing pressures on finance in the wake of COP26 make for an uncertain outlook.
Energy consultancy Wood Mackenzie has unveiled its new head of carbon research.
With domestic supply in decline, Asia urgently needs to address its growing gas and energy needs. In the past few months, multiple energy crunches across the globe highlights that a flexible and reliable supply of energy is critical to keep markets and prices stable. In Asia, a growing gap between booming gas demand and falling supply is cause for significant concern.
A “tough challenge” awaits if the UK is to replicate Norway’s successes in decarbonising offshore assets, Wood Mackenzie has forecast.
Suppliers with access to low-cost renewables will have a competitive advantage when it comes to green hydrogen production. Australia and the Middle East sit in the top echelons for solar irradiance and offer massive green hydrogen potential, according to Wood Mackenzie’s latest analysis.
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.