Wood Mackenzie warns that China's curtailment of renewable energy will present revenue risks over the next decade.
Wood Mackenzie, a consultancy, said that if renewable energy is curtailed to balance China's grid during times of low or high demand it will pose a risk to investor revenues over the next decade. Wood Mackenzie predicts that solar curtailment rates will average over 5% in 21 provinces within the next decade. According to the latest data from the National New Energy Consumption Monitoring and Early Warning Center, this is an increase from only 10 provinces that experienced the same level of curtailment from January to August last year.
BP confirms that the fire at Indiana oil refinery has been extinguished; multiple units are down
The company reported that a fire broke out at BP’s Whiting refinery, which produces 440,000 barrels of oil per day, on Friday morning. Gas prices in some parts of the Midwest skyrocketed after the fire at the U.S. Midwest's largest refinery. In an email, the company stated that there were no injuries and that it was an accident. The company did not go into detail about the incident. Two market sources cited data from Wood Mackenzie, which indicated that multiple units had been reported as offline.
As US onshore oil growth slows, will improved drilling boost Gulf of Mexico offshore oil production?
Analysts and consultants predict that offshore investment will continue to grow as new technology and more friendly regulations encourage investment. In recent years, the offshore oil and natural gas sector has been overshadowed by shale because it requires more upfront investment and years of construction. The entry costs for shale were lower and the returns faster, so the rapid expansion of shale led to the U.S. becoming the top oil producer in the world. The U.S.
Wood Mackenzie: New US community solar dropped by 36% after a record year in the first half of 2025
According to a report published on Tuesday by Wood Mackenzie, a consultancy, and the Coalition for Community Solar Access, U.S. solar community installations fell 36% in 2025's first half compared to the same period of last year. This follows a record 2024. In the first half 2025, 440 megawatts were added to the community solar capacity. This is down from the 683 megawatts that was added in 2024's first half. Last year, more than 1.8 gigawatts, the largest annual total ever, of community solar was added.
JERA in Talks to Buy $1.7b of US Natural Gas Assets
Japan's top power generator JERA is in advanced talks to buy natural gas production assets in the U.S. for around $1.7 billion, people familiar with the matter said, the latest example of the Asian nation investing in America's energy sector.JERA emerged as the top bidder for the assets owned by GEP Haynesville II, a joint venture between Blackstone-backed GeoSouthern Energy and pipeline operator Williams Companies, after banks solicited offers in recent weeks…
The US cuts to oil jobs and expenditure threaten the output growth
Due to the lower oil price and the largest consolidation in the last generation, the U.S. Oil industry has cut thousands of jobs and billions of dollars in spending. This could be the end of rapid growth in output that made the U.S. world's leading producer. Organization of the Petroleum Exporting Countries (OPEC) and its allies within the OPEC+ group of producers are increasing production to regain market share lost in recent years to the United States. OPEC+ decided on Sunday to increase production by 137,000 barrels a day from October.
US solar installation forecast slashed due to Trump policies, report says
A report released by a major trade group on Monday warned that the U.S. Solar Industry could install 27% less capacity in 2026- 2030 than it did before President Donald Trump passed his tax law, which rolled back subsidies to such projects. Why is it important? The Solar Energy Industries Association (the industry's leading U.S. trade group) and Wood Mackenzie's energy research firm have forecast that the Trump administration will stifle the development of clean energy sectors…
US Opens National Security Investigation into the Import of Wind Turbines
The U.S. Commerce Department said on Thursday it has opened a national security investigation into the import of wind turbines and components.Earlier this week, the department said it was adding wind turbines to a list of products that will face 50% tariffs on the aluminum and steel content. The "Section 232" investigation, which was opened on August 13 but not made public until now, could be used as a basis for even higher tariffs on…
Equinor's auction prospects are boosted by BP's large Brazil oil and gas discovery
The announcement by BP on Monday that it had made its largest oil and gas find in 25 years off the coast of Brazil in Santos Basin bodes well both for Equinor and for their nearby interests. It also shows a strong appetite to auction oil blocks in October in this region. Brazil became one of the largest oil producers in the world after discoveries were made nearly 20 years ago. The region is characterized by vast deepwater reservoirs under a layer of salt beneath the ocean's surface.
Demand is expected to drop on Monday as German wind power surges
As the holiday season in August begins, regional power demand will drop. Meanwhile, German wind energy is expected nearly double. LSEG data shows that the German and French Monday basis power contracts were not traded by 1001 GMT. On Thursday, the baseload prices were 99 euros/MWh for Friday and 63.50 euro/MWh on Friday. Engie EnergyScan analysts said that temperatures are below average and cooling demand is low. They added that the forecasts for next week are slightly warmer, with temperatures rising by mid-week.
Australia's Green Bank makes record clean energy investments of $2.3 billion
Australia's Green Bank announced on Monday that it had invested A$3.5 billion (2.29 billion dollars) in clean energy and grid infrastructure projects during the last financial year. This was to help accelerate Australia's transition away from fossil fuels towards renewables. Australia is one of the most polluting countries in the world due to its coal-powered power generation. It has committed to closing all coal-fired power stations by 2038, and to achieving a target of 80% renewable energy by 2030.
UN calls on Australia to increase climate action
The UN climate chief called on Australia set an ambitious emissions target for 2035 and to accelerate its clean energy transformation, warning that failure to act could undermine living standards and regional stabilty. Simon Stiell said that Australia should "go big" and do what is smart. "Don't settle with what is easy. "Bog standard is beneath you", he said, at an event organized by the Smart Energy Council in Sydney. Australia is under fire for supporting new fossil fuel projects…
Trump cuts subsidies for US clean energy, bringing an end to the boom.
Bila Solar, a Singapore-based manufacturer of solar panels, has suspended plans to double the capacity of its new Indianapolis factory. Heliene, a Canadian competitor, is reviewing its plans to build a solar-cell facility in Minnesota. NorSun, a Norwegian manufacturer of solar wafers, is evaluating the feasibility of a planned facility in Tulsa. Two offshore wind farms that are fully permitted in the U.S. Northeast could never be built. The major clean energy investments are now under question, after Republicans agreed to end U.S.
US Gulf Coast Fuel Oil Imports Drops As Heavier Crude Is Preferred
Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.When refineries run a heavier, sourer crude slate, they produce more heavy residue, which is either processed in a secondary unit to produce higher value products like gasoline or diesel.Gulf Coast-bound fuel oil imports hit a record low at 213,000 barrels per day in June, down from 233…
Shell to Add Up to 12 million Tons of LNG Capacity by 2030
Shell, the world's largest trader of liquefied natural gas, will add up to 12 million metric tons of additional capacity between now and the end of the decade from projects under construction, a top executive said on Wednesday."(There is) up to 12 million tons of additional (LNG) capacity that we're adding between now and the end of the decade," Cederic Cremers, Shell's president of integrated gas, said at Wood Mackenzie's Gas, LNG and the Future of Energy Conference in London."That is not an ambition.
Shell will add 12 million tonnes of LNG capacity to its existing LNG production by 2030
Shell, the largest trader in liquefied gas in the world, plans to add 12 million metric tonnes of capacity from now until the end of this decade, according to a senior executive on Wednesday. Shell's integrated gas president, Cederic Crémers, told Wood Mackenzie’s Gas, LNG, and the Future of Energy Conference, held in London, that Shell would add up to 12,000,000 tons of (LNG). "That's not an ambition. "These are all current construction projects," he said. One project was in Canada, while two others were in Qatar and Nigeria.
The US solar energy market will slow down as Washington shifts its priorities
A report released on Monday by the top solar trade association predicts that the number of new solar energy installations in the United States will decline over the next five-year period as the industry struggles with a federal policy shift favoring fossil fuels and tariffs. According to the Solar Energy Industries Association's and Wood Mackenzie's forecast, new solar capacity in 2030 will be over 10% less than it was in 2025. This includes an assessment of the impact of federal tariffs that will be imposed on steel and aluminum…
Wood Mackenzie warns that Australia will not meet its renewable energy target.
Wood Mackenzie, a consultancy, said that Australia will fall well short of its target to generate 82% of electricity from renewable sources by 2030, due to state-level rollbacks and grid connection delays, as well as inadequate investment. Australia is one of the most polluting countries in the world per capita because it produces coal-powered electricity. It has plans to close all coal-fired power stations by 2038. The center-left Labor Government…
Wood Mackenzie is concerned about the challenges of meeting the gas-powered energy demand in 15 years.
In a report published on Wednesday, Wood Mackenzie, an energy research company, said that the gas turbine market may have difficulty meeting strong demand over the next 15 to 20 years because of manufacturing constraints, increasing costs, and competition from renewables. Wood Mackenzie predicts that new gas-fired power generation projects will add around 890 gigawatts (GW) of capacity globally between 2025-2040. The U.S.A. and China are expected to lead the way with 47% annual additions in the same period.
US tariffs and Europe's slowdown change global solar panel trade
Trade data revealed that solar panel manufacturers in Laos, Indonesia and Cambodia, which are mostly owned by Chinese companies, increased their market share in the U.S. after tariffs on exports to other Southeast Asian nations, including Cambodia and Thailand were imposed. After two rounds of tariffs last June and November, the U.S. Government finalised steep levies against imports of solar modules and cells from Vietnam, Malaysia and Thailand in April.