Rosebank approval was ‘litmus test’ for UK offshore sector
With Teal West and Victory expected to follow, Rosebank could be part of a 'bumper year' for UK FIDs in 2023.
WoodMac
Analysts warn that oil firms against ‘protecting the status quo’
Analysts at Wood Mackenzie have warned oil and gas firms to avoid "protecting the status quo" as they balance shareholder demands and low carbon guidelines.
Major energy players raise the game in green investments in Asia, says Woodmac
BP confirmed today that it picked up over 40% stake in the Asian Renewable Energy Hub project to produce and export green hydrogen in Australia. In addition, TotalEnergies and Adani announced yesterday an investment of $5 billion into the development of hydrogen and derivatives business in India.
WoodMac’s Agudelo transitions to Welligence to drive growth
Welligence Energy Analytics has appointed Juan Agudelo to head the company’s energy transition offering. Agudelo follows in a long line of Wood Mackenzie executives to join Welligence.
Amid wall of cash Asian governments must do more to support upstream, says Woodmac
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.
Asia Pacific solar and wind investments to hit $1.3 trillion by 2030 says Woodmac
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.
The future of gas is Asia, and the prize is large, says Woodmac
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.
How Asia changed the global LNG market in one year
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.
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).
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.