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Wood Mackenzie

The upstream oil and gas sector’s biggest commercial fear from the Coronavirus (COVID-19) epidemic is its impact on demand and prices. Only a small proportion of global supply comes from the worst-affected regions. Read more

Commodities

The starting gun has sounded for the global storage market, which is set to grow from approximately 4GW of annual deployments in 2019 to more than 15GW in 2024. Read more

Tanks/Terminals/Storage

The Adani investment is the sixth it and its subsidiary companies have made in renewable power businesses so far, beginning with the acquisition of a majority stake in SunPower in 2011. Read more

Renewable & Biofuel

Solar power has emerged as the biggest threat to onshore wind's dominance in the decarbonisation battle. However, the tools available to the wind sector to combat this challenge are diminishing. Read more

Renewable & Biofuel

Solar system prices will continue to drop over the next decade, driven by advances in module efficiency, manufacturing, labour practices and software. Read more

Renewable & Biofuel

New U.S. Gulf Coast ethylene and polyethylene production continued to tighten chemical margins in the fourth quarter, ExxonMobil said. ChevronPhillips top official sees markets absorbing demand and making room for more. Read more

Refining & Petrochemical Processing

This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Read more

Refining & Petrochemical Processing

The offshore supply chain started 2019 with the momentum of strong award levels of subsea kit and FPSO hulls as well as improved floating rig rates. Read more

Upstream

Wood Mackenzie predicts the start of a downcycle in China’s petrochemical industry. A supply overhang has already hit the country’s paraxylene (PX) market, with olefins and polyolefins markets almost certain to face the same. Read more

Refining & Petrochemical Processing

Santos announced today its plans to acquire ConocoPhillips’s northern Australian portfolio. Read more

Upstream

The 8th  annual Japanese LNG Producer Consumer Conference takes place in Tokyo today, 26th September 2019. Read more

Natural Gas/LNG

Recycling will be a key part of plastics sustainability, since many U.S. downstream manufacturers are adding billions of pounds of new production capacity even as they work to handle existing plastics waste. Read more

Downstream

Global wind turbine order intake increased 111% YoY, overtaking the previous record set in Q4 2018 by 13.2GW, according to new research from Wood Mackenzie. Read more

Renewable & Biofuel

Australians love a good yarn, a chinwag, a chat. But it’s not sports or politics that’s making the ‘goss’ in the oil & gas boardrooms of Perth right now. Read more

Offshore & Marine

Verisk, a leading data analytics provider, has signed a definitive agreement to acquire Genscape, a global provider of real-time data and intelligence for commodity and energy markets Read more

M&A/Investment

Saudi Aramco is to set to take a 20% stake in Reliance Industries' refining and petrochemical businesses. Read more

M&A/Investment

Rapidly rising production in the Permian basin has led to soaring levels of associated gas, outpacing pipeline infrastructure and placing increasing slowdown pressure on other production streams like crude oil and natural gas liquids. Read more

Pipeline/Transportation

According to a new report by Wood Mackenzie, Japan could lose its pole position as the world’s top LNG importer to China as early as 2022. Read more

Natural Gas/LNG

The Government of Indonesia has approved the revised Plan of Development for the Abadi LNG project. Read more

Offshore & Marine

Growing supply of Permian crude means the basin will need extra crude oil takeaway capacity of up to 500,000 barrels per day (b/d) by the end of next decade, according to new research from global natural resources consultancy Wood Mackenzie. Read more

Pipeline/Transportation