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Energy firms need new strategies to achieve low-carbon transition: WoodMac
- "There are different horses for different courses," says WoodMac senior vice president, pointing to transition-focused investment approach
US firm Venture Global LNG inks 20-year LNG deal with Chinese counterpart
-A total of 2 million tonnes per annum will be sold from two export facilities of US-based firm Venture Global LNG
WoodMac expects relocation of some 650,000 barrels per day of Russian oil
- Reshuffling is attractive at current Urals discounts but refiners face challenges with contractual obligations with Middle Eastern producers, agency warns
OPEC ends reliance on International Energy Agency data
- Wood Mackenzie and Rystad Energy will be used as secondary sources with immediate effect
Russia-Ukraine crisis to have long-lasting impacts on commodities, energy policies
- OPEC+ will more likely consider production rise in case of actual oil supply cut-off, says consultancy Wood Mackenzie
Energy transition may shave 2% off global GDP by 2050: WoodMac
- Countries with higher carbon dependent economies will face more severe economic consequences of energy transition, report says
US move to sell emergency oil from reserves may trigger new type of price war
- With view to reduce rising fuel prices, US vows to tap emergency oil reserves, a move supported by China, India, Japan, South Korea and UK
Weather dynamics key for gas demand: WoodMac
- High gas prices put pressure on demand, encourage use of coal in power, and curtail some energy-intensive industrial demand, says expert
China's carbon-neutral aim will rely heavily on wind generation: WoodMac
- China will have more than two-thirds of world's grid-connected capacity by 2030, agency reveals from research
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Corp. renewable purchase deals play bigger role in Asia Pacific decarbonization
- India, Australia, and Taiwan top the Asia Pacific corporate renewable procurement market, Wood Mackenzie says
Wind turbine prices to rise 10% over next 18 months: WoodMac
- Possible supply restrictions in wind turbine sector may jeopardize country-level decarbonization objectives in next 2 years
Green hydrogen to be cost competitive with fossil fuels up to 2033
- Growing focus on net-zero targets favors green hydrogen, says Wood Mackenzie analyst Ben Gallagher
US energy storage market sets 1st quarter record for deployments
- Nearly 12,000 MWh of new storage will be added in 2021, a three-fold increase from 2020, says Wood Mackenzie
Oil prices to rise to $75 per barrel in April: WoodMac
- Saudi Arabia's adamant stance not to raise production before seeing actual recovery helps prices, says consultancy
EU needs to change course to cut emissions 55% by 2030
- Dramatic acceleration of energy transition in key areas is required for EU to hit climate goals, a new report says
Global oil demand to grow by 7% in 2021: WoodMac
- Vaccine distribution and expected growth in global GDP will boost demand in 2021
Rising LNG demand to curb supply glut in 1H21: Fitch
- Rating agency says cold winter in northern hemisphere has contributed in normalization of volumes of gas in European storage facilities
New gas find "transformational" for Turkey: WoodMac
- This is Turkey’s biggest-ever find by a wide margin and one of largest global discoveries of 2020, WoodMac analyst says
Global LNG trade sets new annual record in 2019
- US adds record 13.1 million tonnes of LNG to total 33.8 million tonnes overtaking Malaysia as 3rd largest exporter
28.04.2020
Lng/Lpg
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Gas market hit by coronavirus, oil price fall, LNG glut
- WoodMac says global demand for LNG is forecast to rise to 371 million tons (Mt) in 2020 by 6 per cent year-on-year
Can North Sea survive oil price rout?: WoodMac explains
- Quickest win is to reduce operational expenditure, says expert
China to buy big US crude quantities as per trade deal
- Beijing faces various challenges to meet $52 billion worth of energy goods purchases from US in two years
'LNG boom is back': WoodMackenzie
- Wood Mackenzie sees considerable upside supply potential along with low risk to new LNG supply development
CNOOC's Glengorm discovery is UK's largest since 2008
- Glengorm's find shows there is still life in some of the more mature prospects in U.K. waters, says Wood Mackenzie expert
European p\line bottlenecks to curb Russian gas imports
- Doubts prevail on Russia's ability to keep pace with Europe's growing import requirements, says Wood Mackenzie
Upstream players must spend more to meet future demand
- New research shows investment in oil and gas needs to increase by 20 percent to sustain growth into next decade
Megaprojects are back with LNG Canada approval: WoodMac
- LNG Canada is the first greenfield LNG export project sanctioned in five years since the Yamal LNG in 2013: WoodMac expert