Wood Mackenzie’s Post

Our latest LinkedIn newsletter is now available, showcasing the top energy insight and analysis from the last 7 days 💡 this week you've been talking about: - Taking the pulse of the global LNG industry - Hot topics for PJM and SPP in Fall 2024 - How AI is reviving the nuclear industry - Our Q3 U.S. Energy Storage Monitor  - Chart of the week: Carbon removals Get the latest updates below 👇

This week's chart gives an at-a-glance overview of UK petroleum taxation since 1975. It comes from a recent post by Graham Kellas, Wood Mackenzie’s SVP for Global Fiscal Research, warning that the UK North Sea’s future as an oil and gas producing region “hangs in the balance”. You can see that the total effective rate of tax, including the Energy Profits Levy that began in 2022, has risen to its highest since the early 1990s. Kellas adds: “North Sea oil and gas operators are trying to make long-term financial decisions beyond 2030, but the current fiscal regime does not allow for such clarity." Read more on his thoughts here: https://okt.to/bKVjH0

Wood Mackenzie is proud to be an official sponsor of ERTC 2024, Europe's largest downstream event for refiners and petrochemical stakeholders. Find out more about our speaking engagements and request a meeting with one of our experts: https://okt.to/IycU7S

As global energy giants like BP and Shell ramp up investments in renewable natural gas, biomethane is emerging as a key player in the decarbonisation of the gas supply. With the ability to integrate into existing infrastructure, this ‘drop-in’ fuel could meet 10% of global #LNG demand by 2050. But what’s holding it back? Read our latest Edge article to find out. https://okt.to/Td03AQ

Which activities in the oil and gas value chains have the largest carbon impact? What are the limitations and challenges with addressing scope 3? Join our experts on the 14th November for a webinar on these topics and more. We have two sessions available, allowing you to hear our opinions on the regional differences when it comes to sparking action on scope 3. Register now to secure your spot: https://okt.to/2KB7ny

At the Japan CCUS Summit yesterday in Tokyo, Hetal Gandhi, Wood Mackenzie’s #CCUS Lead for APAC, presented a keynote on the essential contribution of CCUS in decarbonising the industrial sector. She highlighted emerging trends and prospects within the CCUS field and explored how carbon capture can be a vital resource for the future, in Japan and beyond. Our Principal Consultant, Flor Lucia De La Cruz, participated in a panel focusing on Fuels of the Future, discussing the expanded use of hydrogen and ammonia in heavy industries with notable experts from the industry. It was great to catch up with familiar friends and meet new faces from the energy industry. We look forward to seeing you all again soon in Tokyo!

Wood Mackenzie are proud to sponsor Responsible Investor Asia 2024! Join us at our stand in the main exhibition hall to connect with Wood Mackenzie’s Carbon Markets and CCUS experts: Nuomin H. Stephen Vogado and Fauzi Said. They’ll be sharing their insights on the future of emissions and climate-related development in Asia, and would be delighted to answer any questions you may have. And make sure you attend Nuomin H.'s keynote presentation: ‘A New Dawn for Carbon Markets in Asia’ on Tuesday the 29th October at 4:30pm Want to learn more or book a meeting with our team? Find out more here: https://okt.to/QoDwZF #ResponsibleInvestor #EnergyMarkets #CarbonMarkets Responsible Investor

On 2nd October, Wood Mackenzie’s expert analysts gathered with metals and mining industry leaders in London for our annual LME Forum 2024. With the global economy still on a challenging path towards stability in the wake of significant recent upheavals, the event was a chance to assess what lies ahead at a pivotal moment for metals. From miners prioritising shareholder returns over organic growth, to the volatility of lithium prices, here are some of our biggest takeaways from the event: https://okt.to/XhFL62

The US is facing unprecedented growth in electricity demand, driven by data centre expansion, increased energy-intensive manufacturing, and broader electrification efforts. This shift marks a change from the historical decoupling of demand growth from economic growth. Technology leaders are realizing that energy supply may be a major impediment to their growth, and the response of utilities is crucial. Addressing this challenge will necessitate collaboration, but those who act swiftly could reap significant rewards. Join our panel on Horizons Live this month as we discuss these pressing issues. Register now.  

The latest edition of our LinkedIn newsletter is now live! 💡 This week you've been talking about: - Gridlock: the demand dilemma facing the US power industry - How the energy industry is solving issues with battery safety - The complexity of capital allocation for oil and gas companies - What carbon capture needs to meet climate goals Get the latest insights and analysis below 👇