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Energy transition represents a US$14 trillion uncertainty for upstream oil and gas

Energy transition represents a US$14 trillion uncertainty for upstream oil and gas - Wood Mackenzie
24 May 2021
The energy transition represents
US$14 trillion worth of uncertainty for upstream oil and gas, according to a new report by
Oil and gas is a risky business. Over the years, those risks have been tempered by a single tenet – that demand would continue to rise indefinitely. As the energy transition gathers momentum, that belief has all but evaporated.
Oil demand may continue to grow for another decade or more. On the other hand, if the world acts decisively to limit global warming to 2°C by 2050 – our AET-2 scenario – oil demand and prices would fall rapidly later this decade. Gas demand and price, however, would be more resilient. ....

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Wood Mackenzie boosts its energy transition data analytics by adding Vestas as a Lens Power(R) Development Partner

At a time when countries and organisations around the world pledge greener economies and net-zero ambitions, the electrification of the global energy system is accelerating at an unprecedented pace. Wood Mackenzie - a leading provider of commercial intelligence for the world's natural resources sector - is developing Lens Power®, a completely new capability for the market which will enable asset-specific valuations at the touch of a button. ....

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Wood Mackenzie boosts its energy transition data analytics by adding Vestas as a Lens Power® Development Partner

/PRNewswire/ At a time when countries and organisations around the world pledge greener economies and net-zero ambitions, the electrification of the global. ....

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