North Sea gas market set to hit ‘deadlock’ over summer, Woodmac claims
The UK gas balance has reached a deadlock for the summer, according to energy research firm Wood Mackenzie (Woodmac).
WoodMac
Transition to renewable energy at risk in Asia Pacific
Over the past five years, the Asia Pacific region made up over three-quarters of global power demand growth, and led the world in wind and solar capacity installations.
Sector in survival mode could put energy transition ‘on back burner’, Woodmac warns
An oil and gas industry in “survival mode” could put plans to transition to a cleaner energy sector “on the back burner”, according to a top analyst.
Coronavirus ‘a crisis unlike anything the market has even seen’ for wind sector, Woodmac says
The spread of Covid-19 presents “a crisis unlike anything the market has ever seen” for the wind power sector, according to a top energy research firm.
Opex and Woodmac partnership to create new service for oil and gas sector
Aberdeen-based data science and predictive analysis firm Opex Group has joined forces with global natural resources research and consultancy company Wood Mackenzie to launch a new service for the oil and gas industry.
Wind turbine orders hit £60bn over 2019, Woodmac finds
Global wind turbine orders reached almost £60 billion in 2019, according to new research by Wood Mackenzie (Woodmac).
‘Tough choices remain’ for service companies, analyst says
Some supply chain bosses may have come into 2020 hoping it would be the year when they finally get rewarded for surviving five years of low rates and cost-cutting.
Santos ups stake in Darwin LNG
Santos Energy has set out a deal to buy Australian gas assets, in the Northern Territory (NT), from ConocoPhillips for $1.39 billion.
TechnipFMC demerger a ‘bold move’, Woodmac says
The decision by global energy service firm TechnipFMC to split into two separate listed companies has been described as a "bold move" by research firm Wood Mackenzie (Woodmac).
Global wind power to grow ‘by 60%’, Woodmac say
The global offshore wind power market is set to grow "by 60% over the next five years", according to energy research firm Wood MacKenzie (Woodmac).
Offshore wind market ‘demand’ to grow by £8.5bn by 2028, Woodmac reports claims
Global offshore wind market "demand" is set to grow by more than £8.5 billion as subsidy-backed projects continue their domination, according to a new report by Wood Mackenzie (Woodmac).
Wind turbine supply chain worth over £400bn, Woodmac claim
The global wind turbine supply chain will be worth more than £400 billion over the next ten years, according to energy analysts Wood Mackenzie (Woodmac).
Wind and solar soared above coal in 2018, Woodmac data shows
Wind and solar generation soared above coal for the first time in 2018, according to analysts Wood MacKenzie (Woodmac).
Climate goals ‘out of reach’ despite energy transition, Woodmac say
Climate energy goals remain "out of reach" despite the global energy transition, according to Wood Mackenzie (Woodmac).
Industry ‘finally getting it right’ on upstream projects, says WoodMac
Signs of improved execution show that companies are finally getting it right after a “dismal period” on upstream project returns, according to Wood Mackenzie.
North Sea to maintain output levels into mid-2020s, says WoodMac
The North Sea will be able to maintain its current output levels for nearly a decade, according to one of the most influential oil consultancies.
Signs of progress in the North Sea in 2017, Woodmac
The year has been defined by the improvements – small and large – the North Sea industry has made it through the downturn. Okay, expectations are lower after some very tough times – but there are reasons to look back with pride. Oil companies, the supply chain and the authorities have all risen to the challenge to feed some notable successes.
‘Too early to say’ whether KrisEnergy deal will open Cambodia floodgates – Woodmac
KrisEnergy's plans for Cambodia's first oil development might not open the floodgates to more upstream investment in the South-East Asian nation, according to an analyst.
Upstream FIDs to double in 2017, Woodmac says
The number of upstream projects sanctioned globally is on course to double this year as the sector’s recovery continues, an energy consultancy has said.
Oil explorers sticking to cheaper and easier options in mature basins
Scottish energy consultancy Wood Mackenzie (WoodMac) says global oil and gas exploration in mature basins remains focused on high-margin, low-cost and near-field prospects.
Renewables ready to compete against upstream, Woodmac says
Oil majors will switch more capex from upstream projects to renewables over the next 20 years as green power starts yielding greater returns, a new report said.
Plenty to fight over in the North Sea in new Scottish independence vote
There is much at stake for North Sea oil and gas in the next Scottish independence referendum, whenever it happens, according to a new report.
WoodMac report highlights cautious mood in the upstream sector
Upstream oil and gas companies may be quietly optimistic about the outlook for 2017 but many remain cautious, according to a report by Scottish energy consultancy Wood Mackenzie (WoodMac).
WoodMac says global oil and gas investment decline to end this year
Investment in global upstream oil and gas projects will grow this year for the first time since crude prices tumbled in 2014, a new report says.
WoodMac plots growth curve for renewables
Scottish energy consultancy Wood Mackenzie (WoodMac) says renewable-energy could grow nearly 500% globally over the next 20 years, with coal and oil demand peaking well before 2035.