Wood Mackenzie

The latest edition of our LinkedIn newsletter is now live! 💡🔌 This week you've been talking about: - #Wind: predictions for 2025 - #Carbon management: predictions for 2025 - #Subsurface predictions and wells to watch in 2025 - 5 themes shaping the olefins/polyolefins value chain in 2025 - 2025 outlook: predictions for the year ahead Get the latest insights and analysis below and subscribe to get notified about future editions 👇

Our Principal consultant for Emissions and low-carbon fuels, Nicolas Groues, joined the Abu Dhabi Sustainability Week - ADSW dialogue earlier this month on Green Hydrogen Potential: Strategies for Large-Scale Offtakers, hosted by Masdar (Abu Dhabi Future Energy Company). This dialogue brought together an esteemed group of stakeholders including prominent industry stakeholders and major hydrogen consumers to examine the critical aspects of hydrogen adoption, from securing reliable supply chains to optimising costs in an evolving market. This discussion centred on three core elements: alignment of producer-off taker interests, supply chain optimization, and innovative risk mitigation strategies. Participants examined frameworks for strategic partnerships, policy support mechanisms, and financial structures necessary to drive market scale up. This focused discussion highlighted the increasing momentum in hydrogen market development while acknowledging the need for coordinated action across the value chain to achieve commercial viability. #ADSW #Hydrogen

The #EnergyTransition is slowing - but what does that mean for oil and gas? Higher demand, greater investment needs and big challenges for the upstream sector. Watch this month's Horizons Live replay for an expert discussion on what’s next. https://okt.to/kqV39P

In the wake of Storm Eowyn, our European #power team has published a report identifying critical challenges in managing #wind generation curtailment across Great Britain and Ireland. On January 24th, as the storm swept through the region, wind output surged to nearly 21 GW. However, network constraints forced the system operator to request 55 wind farms to shut down, leading to substantial curtailment and rising balancing costs. This underscores the grid's struggle to fully utilise wind energy during extreme weather events. In 2024, wind generation curtailment reached 8 TWh—more than double the 3.3 TWh curtailed in 2023—representing 10% of the available wind resource. Payments to curtailed wind farms soared to £370 million, marking a 57% year-on-year increase. With over 20 GW of new offshore wind capacity set to come online by 2030, urgent transmission upgrades are essential. Without them, curtailment will likely worsen, threatening progress toward a cleaner energy future. Timely action is critical. Get more insights like these with Wood Mackenzie: https://okt.to/QN8hI7

📢Traders, LNG Canada has begun initial start up operations at its first liquefaction train. On 28 January, our infrared imagery observed the first clear indication of exhaust coming from Train 1. We are closely monitoring and expect first liquefaction from this facility around the end of Q1 2025. Stay ahead of the market and learn more about our LNG facility monitoring and the rest of our short term suite - https://okt.to/VuyYrk #Trading #LNG #GasTrading

Shell’s downgrade of its Namibian #deepwater oil discoveries may be a setback, but it doesn’t spell the end of subsurface exploration in the Orange Basin for either Shell or Namibia. We've used used the Lens Subsurface platform to assess the impacted acreage, Shell’s drilling campaign and what this development means for the wider Orange Basin. Get our analysis here: https://okt.to/m4jfzw

1 week to go until our experts discuss the hottest topics shaping the upstream market landscape in Africa. The webinar agenda includes: 🔹 Another blockbuster year for African exploration 🔹 Licensing rounds: governments rush to offer acreage 🔹 Namibia development: next steps 🔹 M&A reshaping the corporate landscape Find out more and register to secure your spot here: https://okt.to/IS0jfx

Here's your weekly Japan short-term #power insight! 💡 Power prices eased last week across Japan as temperatures in Honshu were above seasonal norms, while the islands of Hokkaido and Shikoku maintained the highest and lowest pricing, respectively Tohoku was observed to export to Hokkaido in periods coinciding with regional price spreads. However, export constraints limited transmission flows to less than 500MW. According to our PowerRT sensors, Hokkaido’s major coal-fired power plant Tomato Atsuma(1.65GW) was generating at capacity during most of last week. Hokkaido Electric Power’s gas-fired Ishikariwan Shinko(570MW) was observed to run with flexibility to match peaking demand. Output at Ishikariwan Shinko reached over 500MW, except for 26 January when the plant underwent turbine inspection upward price spikes were observed in Hokkaido. We´re able to bring you these insights thanks to our #Japan Power Solutions - explore the data and workflows now: https://okt.to/pLxglT

It’s shaping up to be a year of mixed messages for the #upstream sector in this year. While 2025 will present a host of opportunities for oil and gas, there are plenty of challenges to navigate too. Our team of regional experts from US Lower 48, Latin America, Canada and more have drawn on unique insight from Lens Upstream to put together our annual round-up of predictions for the year ahead – plus a few wildcards to watch out for. Access our suite of regional predictions here: https://okt.to/CKThaV

Long-term solutions for meeting energy demand 🎧 Join Sylvia Leyva Martinez and Sandhya Ganapathy from EDP Renewables North America as they address the challenges of sustainable energy growth. - How are utilities planning for uncertainty under changing policies? - What role will power purchase agreements (PPAs) play in securing renewable energy? - Can domestic manufacturing and community buy-in drive long-term energy solutions? - Will the Inflation Reduction Act deliver on its promise or face setbacks? Listen now and subscribe to The Interchange Recharged for more. https://okt.to/ibDdA3