(WoodMac, 16.Feb.2023) — The energy transition will require oil and gas for decades to come, but the supply of lower-cost, lower-carbon “advantaged” barrels remain scarce, threatening emissions targets and causing...
(WoodMac, 8.Dec.2022) — There is no doubt that 2022 has been an extremely challenging 12 months, but as the year draws to a close, there is hope. Spiralling energy costs...
(WoodMac, 29.Nov.2022) — Global deepwater production will increase 60% by 2030, reaching 17 million barrels of oil equivalent per day (boe/d), according to a new report from Wood Mackenzie, a...
(Chevron, 21.Sep.2022) — Air Liquide, Chevron, Keppel Infrastructure and PetroChina (1) signed a memorandum of understanding to form a consortium which will aim to evaluate and advance the development of...
(WoodMac, 30.May.2022) — Shell has sanctioned the development of the Crux gas field in Australia’s Bonaparte Basin. Wood Mackenzie research analyst Michael Song said: “The development is expected to cost...
(WoodMac, 16.May.2022) — Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according...
(Reuters, 6.May.2022) — Venezuela's oil exports fell 8% in April from the previous month amid continued delays linked to poor-quality crude grades and insufficient oil upgrading capacity available, according to...
(Energy Analytics Institute, 29.Apr.2022) — Energy briefs including Exxon discontinuing operations at the Sakhalin-1 venture; and LyondellBasell Industries (NYSE: LYB) expecting typical improvements in summer seasonal demand will extend market strength...
(Energy Analytics Institute, 20.Apr.2022) — SBM Offshore revealed the first series of the topsides module lifting for the 220,000 barrel per day (b/d) capacity Prosperity floating production storage and offloading...
(Reuters, 13.Apr.2022) — China's top offshore oil and gas producer CNOOC Ltd. (0883.HK) is preparing to exit its operations in Britain, Canada and the United States, because of concerns in Beijing the...
(WoodMac, 5.Apr.2022) — About 650,000 barrels per day (b/d) of Russian crude oil are to be relocated from advanced economies, and the solution could be ‘crude swapping’, says Wood Mackenzie,...
(WoodMac, 23.Mar.2022) — Wood Mackenzie, a Verisk business (Nasdaq:VRSK), reveals in its latest Accelerated Energy Transition (AET) 1.5-Degree scenario report, that the world needs to double-down on plans to achieve the...
(China Yuchai, 11.Mar.2022) — China Yuchai International Limited (NYSE: CYD), a manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited...
(Energy Analytics Institute, 6.Jan.2022) — Energy briefs including Bolivia’s urea production gaining mkt shr in Argentina, Brazil and Peru in less than 4 mths; Chile building more than 6,600MW of...
(Sembcorp Marine Ltd, 6.Jan.2022) — Sembcorp Marine Ltd successfully completed the Vito Regional Production Facility (Vito RPF) for Shell Offshore Inc. With the Vito RPF, the group’s first floating production...
(WoodMac, 28.Oct.2021) — The time is ripe for the world's major energy exporters to accelerate the energy transition, and mastering the hydrogen trade could make a difference, says Wood Mackenzie,...
(WoodMac, 31.Aug.2021) — Global electric vehicle (EV) sales are expected to vault over 6 million this year, says Wood Mackenzie, a Verisk business (Nasdaq:VRSK). EV sales in H1 2021...
(WoodMac, 25.Aug.2021) — The use of carbon capture and storage (CCS) could have a material impact on LNG projects’ carbon emissions. Depending on the strategy adopted, more than 25% of...
(Bloomberg, 24.Aug.2021) — Oil stored in ships has been stacking up off key Asian ports as a crackdown in China on private crude oil processors has blunted purchases and disrupted...
(WoodMac, 19.Aug.2021) — Oil and gas companies must use the current cash flow windfall opportunity to speed up decarbonisation of their businesses, global natural resources consultancy Wood Mackenzie, a Verisk...
(Reuters, 23.Jul.2021) — Beijing's crackdown on the misuse of import quotas combined with the impact of high crude prices could see China's growth in oil imports sink to the lowest...
(Reuters, 1.Jul.2021) — Brazil is growing its marine fuel oil exports to Asia's lucrative premium hubs, where rules mandating lower sulphur content have been squeezing out most of its Latin...
(Ecopetrol, 1.Jul.2021) — Ecopetrol S.A. (BVC: ECOPETROL;NYSE: EC) concluded the incorporation of Ecopetrol Singapore Pte Ltd., a company in which it will directly own 100% of its share capital. In...
(BHP, 21.Apr.2021) — BHP signed a Memorandum of Cooperation (MoC) with Singapore’s Maritime and Port Authority (MPA) to become one of the founding members of the Maritime Decarbonisation Centre to...
