Surging oil and gas prices will see the upstream industry generate a wall of cash, which in the past led to rising upstream spend. But the energy transition has upset the outlook for oil and gas producers, changing the rules of the game for not only international oil companies (IOCs), but also national operators and host governments, according to Wood Mackenzie.
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.
Asia’s need for future gas and liquefied natural gas (LNG) volumes, as well as associated infrastructure to meet rapidly expanding energy demand, is tremendous. Experts from energy research company Wood Mackenzie discussed the key drivers of Asia Pacific gas markets today at its Northeast Asia Gas Forum.
Resilient demand, price recovery and 'green' liquefied natural gas (LNG) all being driven by Asian buyers, reckons Wood Mackenzie Asia Pacific Vice Chair Gavin Thompson.
The UK gas balance has reached a deadlock for the summer, according to energy research firm Wood Mackenzie (Woodmac).
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.
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.
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.
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.
Global wind turbine orders reached almost £60 billion in 2019, according to new research by Wood Mackenzie (Woodmac).
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 Energy has set out a deal to buy Australian gas assets, in the Northern Territory (NT), from ConocoPhillips for $1.39 billion.
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).
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).
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).
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 generation soared above coal for the first time in 2018, according to analysts Wood MacKenzie (Woodmac).
Climate energy goals remain "out of reach" despite the global energy transition, according to Wood Mackenzie (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.
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.
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.
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.
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.
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.
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.