LONDON / HOUSTON / SINGAPORE (By Wood Mackenzie, 4.Nov.2026, Words: 1101) — With Democrats capturing the House of Representatives and Senate in the US mid-term elections, permitting reform could be […]
Tag: WoodMac
Floating LNG to emerge as primary route to supply diversification
LONDON / HOUSTON / SINGAPORE (By Wood Mackenzie, 30.Sep.2026, Words: 782) —By 2030, roughly half of global LNG production capacity will sit in 2 countries. Under an extended disruption to […]
Data centre boom drives structural LNG demand in Southeast Asia: Wood Mackenzie
LONDON / HOUSTON / SINGAPORE (By Wood Mackenzie, 7.Sep.2026, Words: 645) — The hyperscale data centre boom sweeping Asia is generating materially divergent outcomes for LNG demand across the region, with […]
Era of $2–$4/MMbtu Henry Hub natgas prices ending, WoodMac says
LONDON/HOUSTON/SINGAPORE (By Wood Mackenzie, 2.Jul.2026, Words: 626) — The decade of cheap Henry Hub gas is coming to an end. Wood Mackenzie forecasts Henry Hub natural gas prices approaching US$5/mmbtu (real) […]
LNG carriers face compliance-driven fleet bifurcation: Wood Mackenzie
LONDON/HOUSTON/SINGAPORE (By WoodMac, 1.Jun.2026, Words: 715) — The engine type fitted to an LNG carrier when it was built is now the single most important factor in its compliance cost exposure. […]
Southeast Asia’s new wave of deepwater gas projects: WoodMac
SINGAPORE (By Woodmac, 4.May.2026, Words: 621) — Southeast Asia is entering a critical second wave of deepwater gas development targeting 28 trillion cubic feet of resources across Indonesia, Malaysia and Brunei. However, […]
Middle East disruption could cut global oil demand 20% and gas 10% by 2050: Wood Mackenzie
LONDON/HOUSTON/SINGAPORE (By Wood Mackenzie, 8.Apr.2026, Words: 660) — Prolonged disruption to Middle East energy supplies could accelerate a structural shift in global energy systems, halving oil and gas import dependence […]
The Strait of Hormuz closure threatens Northeast Asia demand, pressures LNG spot prices
LONDON/HOUSTON/SINGAPORE (By WoodMac, 11.Mar.2026, Words: 767) — Northeast Asia’s LNG market faces a major supply shock following the closure of the Strait of Hormuz, with regional demand expected to fall […]
Transocean-Valaris deal signals continued consolidation in offshore drilling market
ATLANTA, GEORGIA (By Chad Archey, Energy Analytics Institute, 9.Feb.2026, Words: 262) — Transocean revealed plans to acquire Valaris in an all-stock transaction valued at $5.8bn. The combination has a pro-forma value […]
New energy realities could extend coal’s role in global energy markets
HOUSTON, TEXAS / LONDON, ENGLAND (By WoodMac, 17.Jul.2025, Words: 798) — Global coal demand could remain stronger for longer, with coal-fired power generation potentially staying dominant through 2030, well beyond […]
EAI brief: Dominican Republic eyes energy-related roadshow in Houston on 10 Jul. 2025
HOUSTON, TEXAS (By Editors at Energy Analytics Institute, 7.Jul.2025, Words: 299) — Officials from the Dominican Republic (DR) along with executives from Wood Mackenzie will be in Houston to conduct […]
Global energy landscape: how 3 tariff scenarios reshape the future
LONDON, ENGLAND (Wood Mackenzie, 27.May.2025, Words: 777) — A new report from Wood Mackenzie, “Trading cases: tariff scenarios for taxing times,” presents 3 distinct futures for the global energy landscape, […]
WoodMac Donates Solar Power System to Puerto Rican Domestic Violence Shelter
LONDON/HOUSTON/SINGAPORE (Wood Mackenzie, 6.Mar.2025) — To honor the upcoming International Women’s Day, Wood Mackenzie, in partnership with Let’s Share the Sun and other third parties, recently donated 24 solar panels […]
Eni and Petronas Combination to Create new Southeast Asian Energy ‘Major’
HOUSTON, TEXAS (Editors at Energy Analytics Institute, 28.Feb.2025) — Italy’s Eni SpA and Malaysia’s national oil company Petronas announced plans to combine select upstream assets from their Indonesia and Malaysia […]
A Delayed Energy Transition and the Upstream Sector
LONDON, ENGLAND (Woodmac, 16.Jan.2025) — As the risk of a delayed energy transition scenario increases, so does the possibility of a much greater pull on future oil & gas supply. […]
Woodside and Chevron Announce Australian Asset Swap
(Energy Analytics Institute, 19.Dec.2024) — Energy giants Woodside Energy and Chevron Corporation agreed to an asset swap regarding assets in Australia. “Chevron and Woodside have reached a significant agreement to […]
WoodMac: More US LNG Needed in Asia to Slow Coal Demand
(WoodMac, 3.Dec.2024) — Coal use and emissions from power generation in Asia will surge in coming decades unless there is significant new supply of U.S. liquefied natural gas (LNG), a […]
Guyana and Suriname Could Provide 12 mmtpa of LNG in the 2030s
(Wood Mackenzie, 4.Nov.2024) — Several gas developments are underway in Guyana and Suriname that could offer new competitive LNG supply sources early next decade, according to a new report from […]
Electrification is the Accelerated Route to Energy Efficiency, Peak Emissions
(Wood Mackenzie, 29.Oct.2024) — The electrification of the energy system is the central plank of the energy transition. In Wood Mackenzie’s base case, displacing fossil fuels with more energy-efficient electricity […]
CCUS Growth Challenged by Current Economics
(WoodMac, 10.Oct.2024) — Speaking at Wood Mackenzie’s Carbon Capture, Utilization and Storage Conference in Houston, Peter Findlay, research director and head of CCUS economics for Wood Mackenzie, said that despite […]
Keeping the LNG Bandwagon Rolling
(Wood Mackenzie, 12.Sep.2024) — The LNG industry is on a roll. The ‘club’ continues to grow as new buyers swell the ranks. LNG commoditisation is increasing market liquidity, supported by a […]
Higher LNG Prices to Limit Asian Demand, WoodMac Says
(WoodMac, 12.Jun.2024) — European gas storage is forecast to reach 100% by the end of September and remain full until the end of October, with an additional 4 million tonnes […]
More Private Investment Needed in Mexico to Meet Expanding Energy Demand
(WoodMac, 23.May.2024) — With a presidential election looming, Mexico is facing several energy challenges, including declining oil and gas production, a need to increase exploration activity, a high dependence on gasoline […]
Decarbonisation of Steel Industry Could Hinder Circularity of Zinc
(WoodMac, 20.Mar.2024) — A recent report by ‘Wood Mackenzie Zinc Markets Service’ warns that efforts to decarbonise the steel industry through adopting Direct Reduced Iron Plant (DRI) production with green […]
Europe Gas Prices to fall amid High Storage Levels in 2024
(WoodMac, 14.Mar.2024) — Gas prices in Europe could fall as low as US$6.70 per million British thermal units (mmbtu) in the summer as the mild winter will see storage levels […]
Upstream Scope 1 & 2 Emissions Intensity down 12% Since 2017
(Wood Mackenzie, 6.Mar.2024) — Scope 1 and 2 upstream emissions intensity has declined 12% since 2017, however, absolute emissions could plateau due to production growth, according to a new report from […]
US Lower 48 Oil Production Growth to Slow in 2024
(WoodMac, 22.Feb.2024) — US Lower 48 oil production growth exceeded expectations in 2023, adding 900,000 barrels per day (b/d) despite inflationary pressures, private consolidation, and declining rig activity. However, the […]
Asia Pacific Could Become Global Energy Transition Leader
(WoodMac, 21.Feb.2024) — Home to half of the world’s population and contributing a third to the global GDP, the Asia Pacific region is expected to maintain a 50% share of […]
Carbon Intensity Regulation to Make, Break Low-carbon Hydrogen Market
(WoodMac, 15.Feb.2024) — The future of low-carbon hydrogen hinges on global policymakers introducing regulations and subsidies that focus on the carbon intensity of the hydrogen produced rather than its colour, […]
China’s Solar Production Costs Fall by 42% in Last Year
(WoodMac, 14.Dec.2023) — The cost of producing solar modules in China has dropped by 42% in the last 12 months to US$0.15 per watt (/W) giving manufacturers in the country […]
UK Energy Transition Outlook
(WoodMac, 23.Nov.2023) — Energy policy is a political hot topic in the UK. Broadly, ambition is high: net zero by 2050 targets are enshrined in law, and the UK has […]
LNG Market Needs 90 Mtpa of Add’l Supply by 2035: WoodMac
(WoodMac, 14.Nov.2023) — The global liquefied natural gas (LNG) sector will need 90 million tonnes per annum (mtpa) of new supply by 2035 to sate growing demand with market volatility […]
Fast Output Recovery Still Challenging in Venezuela
(WoodMac, 20.Oct.2023) — Addressing the US Treasury Department’s partially lifted sanctions on Venezuela’s oil and gas sector, Adrian Lara, principal research analyst, Latin America Upstream Oil and Gas for Wood Mackenzie […]
TotalEnergies Nigerian Find Largest in a Decade
(WoodMac, 16.Jun.2023) — Addressing TotalEnergies discovery at Ntokon in the shallow water Niger Delta, Gail Anderson, director of upstream research at Wood Mackenzie, said “Ntokon is likely to be Nigeria’s biggest shallow […]
LatAm Gas Resources and Development Challenges: WoodMac
(WoodMac, 3.May.2023) — Latin America has significant gas resources that have not been prioritised for development. Natural gas demand in the region will continue to grow, however, driven by the […]
WoodMac: Key Things to Watch in Global Upstream in 2023
(WoodMac, 12.Jan.2023) — Upstream oil and gas companies made big strides in 2022, restoring confidence and repairing balance sheets. But the challenges the industry faces will compound in 2023. Wood […]
WoodMac’s Five Key Energy Sector Developments in 2023
(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 […]
Global Deepwater Production to Increase 60% by 2030: WoodMac
(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 […]
About 650,000 B/D of Russian Oil to be ‘Swapped’
(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: Predictions 2022
(WoodMac, 17.Dec.2021) — Wood Mackenzie analysts offer ten predictions for key developments expected in the energy and natural resources industries in 2022. This is a time of year when it […]
WoodMac On Guyana And Suriname Exploration
(WoodMac, 29.Jul.2021) — Wood Mackenzie’s Latin America upstream senior analyst Luiz Hayum commented on the latest exploration results offshore Guyana and Suriname: “In a year thin of deepwater discoveries, Guyana […]
Energy Transition Represents $14tn Uncertainty For Upstream Sector
(WoodMac, 20.May.2021) — The energy transition represents US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by Wood Mackenzie. Oil and gas is a […]
Achieving Paris Goals To Upend Markets
(WoodMac, 15.Apr.2021) — If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the […]
Turkey Nets Largest-ever Find At Tuna-1
(WoodMac, 21.Aug.2020) — A gas discovery of the scale of the Tuna-1 find in the Black Sea, if developed, would be transformational for Turkey, given its overwhelming reliance on imports and […]
Industry Slashes Spending As Price Rout Deepens
(WoodMac, 19.Mar.2020) — Survival mode has returned to the oil and gas sector as the oil price rout deepens. Corporate financials are in better shape than during the 2014/2015 crash, […]
Oil Price Rout May Trigger Major Shake-up: Woodmac
(WoodMac, 9.Mar.2020) — As global markets reel in the wake of the oil price crash, Wood Mackenzie’s Tom Ellacott said: “The price collapse could be the trigger for a new […]
Asia Pacific Upstream – 5 Themes To Watch In 2020
(WoodMac, 19.Dec.2019) — Wood Mackenzie has identified five themes related to project sanctions, exploration, M&A, energy transition and IMO 2020 that will impact Asia Pacific’s upstream industry in 2020. Australia […]
Capital Discipline In GOM Lease Sale: WoodMac
(WoodMac, 21.Aug.2019) — Capital discipline remains key for offshore operators, judging by the results of today’s US Gulf of Mexico region-wide lease sale. Lease Sale 253 attracted 165 bids from […]
WoodMac: Chevron Exits Bidding War For Anadarko
(WoodMac, 9.May.2019) — Chevron Corporation today announced that it would not offer a counter proposal to Occidental Petroleum’s rival bid to acquire Anadarko Petroleum. Earlier this week, Anadarko said it […]
Guyana Oil Output Could Surpass Venezuela, Mexico: WoodMac
(JWN, Deborah Jaremko, 5.Dec.2018) — Thanks to ExxonMobil’s run of success in oil exploration offshore Guyana, the country is on a path to becoming a Latin American powerhouse, Wood Mackenzie […]