WoodMac: Upstream spend of $500bn a year enough to meet peak oil demand in 2030s
Investment of half a trillion US dollars a year will be enough for the world to meet peak oil and gas demand in the 2030s, according to new analysis. The post WoodMac: Upstream spend of $500bn a year...
View ArticleWoodMac tips oil and gas exploration spend to average $22bn a year through to...
Driving the looming increase is tailwinds from attractive exploration economics, the need for energy security and the emergence of new frontiers. The post WoodMac tips oil and gas exploration spend to...
View Article‘Unrealistic’ offshore wind targets face $100bn supplier investment hurdle
Policymaker targets for global offshore wind are “unrealistic” due to the tens of billions of dollars of investment needed near-term in the supply chain. The post ‘Unrealistic’ offshore wind targets...
View Article‘Real doubt’ over feasibility of CNS electrification plans
Analysts have questioned the feasibility of electrifying major Central North Sea assets given the maturity of the area. The post ‘Real doubt’ over feasibility of CNS electrification plans appeared...
View Article‘The outcome the sector needed?’: CfD wind auction flop could spark action,...
Why did the auction flop? And what needs to change? The post ‘The outcome the sector needed?’: CfD wind auction flop could spark action, says Wood Mac appeared first on Energy Voice.
View ArticleWood Mac finds ‘no major country is on track to meet their 2030 emissions...
Wood Mackenzie has said "no major country is on track to meet their 2030 emissions reduction goals" following a recent report. The post Wood Mac finds ‘no major country is on track to meet their 2030...
View ArticleRoad to ADIPEC 2: Policy and finance in the road to net zero
“Energy transitions will play out in different ways, and that means investing in different projects at different stages in different parts of the ecosystem,” Storch noted. The post Road to ADIPEC 2:...
View ArticleNew NSTA electrification plans matter of ‘huge concern’ for operators
New proposals by the UK North Sea regulator on emissions and electrification are likely to impact future exploration and decommissioning plans across the basin, according to analysts. The post New NSTA...
View ArticleWhat will be the last platform in UK waters?
It’s no secret that the UK has a declining basin and as the country transitions to net zero, oil and gas platforms will cease production and later be decommissioned. However, which asset will be the...
View ArticleIs electrification really the answer for the UK North Sea?
The desirability of electrification in a mature North Sea is questionable, writes Wood Mackenzie. The post Is electrification really the answer for the UK North Sea? appeared first on Energy Voice.
View Article‘Should they stay or should they go?’ More North Sea exits predicted in 2024
Analyst firm Wood Mackenzie has predicted more firms could exit the UK North Sea in 2024. The post ‘Should they stay or should they go?’ More North Sea exits predicted in 2024 appeared first on Energy...
View ArticleBiggest carbon-capture project is at risk, Wood Mac warns
The world’s largest carbon-capture project is at risk of never being built because of uncertainty about Canadian government incentives, according to Wood Mackenzie Ltd. The post Biggest carbon-capture...
View ArticleSkerryvore: The UK North Sea ‘well to watch’ this year
Analysts have named Parkmead Group’s (AIM: PMG) Skerryvore as the UK North Sea well to watch this year. The post Skerryvore: The UK North Sea ‘well to watch’ this year appeared first on Energy Voice.
View ArticleWind, CCS projects risk ‘being delayed or shelved altogether’ by Labour...
New analysis by Wood Mackenzie has forecast the financial impact of Labour's windfall tax proposals, warning that key CCS and wind projects could grind to a halt. The post Wind, CCS projects risk...
View ArticleWindfall tax extension ‘surprising choice’ for UK Govt – Wood Mackenzie
"A tax that is now expected to have a seven-year lifespan under stable prices does not abide by most definitions of a ‘windfall’ tax." The post Windfall tax extension ‘surprising choice’ for UK Govt –...
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