European majors are well placed to take advantage of a $1 trillion investment boom in offshore wind, as analysis suggests projects can return 25% higher operating margins than new oil and gas fields.
A potential resurgence in nuclear power combined with increasing renewable energy capacity could see less liquefied natural gas (LNG) fueled power projects built in South Korea than previously anticipated.
China is continuing its rapid expansion into global new energy markets with exports of solar PV, wind turbines, and energy storage equipment, expected to be worth $100 billion this year, data from energy research firm Wood Mackenzie showed.
The coal plus renewables energy transition led by Asia Pacific’s largest growth markets – China and India – is gathering speed. Significantly, it is a lot cheaper than the natural gas plus renewables path followed by the EU and US to lower emissions.
China’s LNG imports are set to fall over 14% year-on-year to 69 million tonnes (Mt) in 2022, the largest decline since it started importing LNG, reported Wood Mackenzie.
Eastern Australia is experiencing a severe power crisis, which is largely the result of poor government planning, and serves as a reminder to other nations of the dire consequences that stem from failing to develop a pragmatic energy policy.
Energy major Eni has been named the upstream industry’s most-admired explorer in Wood Mackenzie’s annual Exploration Survey, and scooped discovery of the year for its find at Baleine.
A “rewriting” of energy trade flows is now underway according to Wood Mackenzie analysts, as Europe's move to wean itself off exports from Russia boosts investment in energy transition and LNG, but increases supply chain risks.
A study showcasing Shetland’s potential to become a leading green energy hub of the future has been published.
The North Sea will take a £17.5 billion hit from the new windfall tax, the Aberdeen and Grampian Chamber of Commerce (AGCC) has claimed.
As industry grapples with the newly-imposed windfall tax, questions linger on the government's view of a so-called "normal" price for oil and gas.
The UK Treasury is set to collect record revenue from oil and gas this year - with or without a windfall tax.
Six months ago, UK North Sea oil and gas faced the bleakest outlook in its 50-year history.
Key North Sea oil projects currently in the pre-final investment decision (FID) phase could deliver nearly 1.5 billion barrels, according to new research.
Opportunities abound for mergers and acquisitions across energy-hungry Asia Pacific nations, as majors, such as Chevron, Shell, and ExxonMobil, seek to exit or rationalise their upstream portfolios.
A “bare minimum” of £458 billion of investment and policy support will be needed by 2050 to get the global hydrogen market up and running.
OPEC members have opted to drop their use of data from the International Energy Agency (IEA) in their monthly reporting.
Subsea opportunities will be plentiful in Asia Pacific over the coming years as international oil companies (IOCs) and national oil companies (NOCs) advance a backlog of projects, while offshore wind developers accelerate activity across the region.
Mozambique’s sixth bid round is under way and potential bidders have until the end of February to pre-qualify.
Black smoke spewed across Houston’s industrial suburbs for more than an hour on Monday morning, just days after a winter storm knocked out power at several of the nation’s largest oil refineries.
With around 200 carbon capture, utilisation and storage (CCUS) projects now in the pipeline, the fledgling sector is set for significant growth in 2022 – but cost controls, operational success and political support will be essential to maintain pace, says Wood Mackenzie.
The world must prepare for ‘tangible economic implications’ if it is to cap global warming to the 1.5°C limit agreed in the Paris Climate Accord.
The biggest North Sea majors are set to invest more in the region’s wind power in the coming years than in its oil and gas.
Worries that the current shortage of liquefied natural gas will persist through the middle of the decade are triggering a rush to sign long-term deals, pushing up the price of contracts for the super-chilled fuel.
Despite “long-term headwinds”, it’s “full steam ahead” for Norwegian oil and gas operators next year, according to Wood Mackenzie.