Edinburgh, United Kingdom
Edinburgh, United Kingdom

Wood Mackenzie is a global energy, metals and mining research and consultancy group with an international reputation for supplying comprehensive data, written analysis and consultancy advice.It is based in Edinburgh Scotland, though it has over 25 offices worldwide. The company's energy business was founded in 1973, when they started reviewing the North Sea oilfields. Since 2007, Wood Mackenzie has acquired coal specialists Hill & Associates in the US and Barlow Jonker in Australia; and Brook Hunt, the UK-based metals analysts. Wikipedia.


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News Article | February 15, 2017
Site: www.prweb.com

Wood Mackenzie (http://www.woodmac.com), the leading global natural resources research consultancy, has turned to FastSpring (FastSpring.com) to build out their global e-commerce platform. FastSpring was the natural choice for their powerful and effective digital commerce solution to help Wood Mackenzie drive sales across the world while cost-effectively managing complex global currency and tax issues. Since 1973, WoodMac, a Verisk Analytics business, has been a global leader in commercial intelligence for the energy, metals and mining industries. Wood Mackenzie provides objective analysis and advice on assets, companies and markets, giving clients the insights they need to make better strategic decisions. The company’s asset reports address such topics as oil and gas (upstream and downstream oil and gas, unconventional oil and gas, oil and gas exploration, refining and oil products, and more), as well as, metals, coal, and chemical markets. Bringing on the FastSpring commerce solution allowed reports that have been provided in bundles to now be easily purchased individually. This new venture, incubated by WoodMac's IT team and now established as a formal sales channel has improved the reach and audience for sales of Wood Mackenzie solutions. “Our high-quality content is at the core of everything we do. Our business model is evolving with the times and FastSpring’s e-commerce platform has enabled Wood Mackenzie to reach both existing customers and prospects with new offerings, worldwide, and grow our customer base,” comments Doug Topken, VP of Global eCommerce. “In addition to helping us reach and convert a much wider audience, FastSpring has helped us automate our order management and reporting processes.” As a leading digital commerce solution for over ten years, FastSpring has first-hand industry knowledge and was able to effectively move Wood Mackenzie to a solution that supports company goals while maintaining their brand. FastSpring was able to implement and optimize the Wood Mackenzie sales experience based on their expertise from helping thousands of companies successfully sell through their platform. “In today’s competitive global marketplace, it can be challenging for companies to choose comprehensive and effective e-commerce solutions to meet their unique needs,” comments FastSpring CEO Chris Lueck. “We’re privileged that we were able to provide Wood Mackenzie with an ultramodern solution to maximize its reach and worldwide sales through FastSpring.” About Wood Mackenzie: As a global leader in commercial intelligence for the energy, metals and mining industries, Wood Mackenzie provides objective analysis and advice on assets, companies and markets, giving clients the insight they need to make better strategic decisions. With Wood Mackenzie’s robust proprietary data and models, the company is able to adeptly forecast and value with confidence, and to provide clients with strategic advice they can trust. Its global teams of experts rigorously evaluate the data, ensuring an unrivalled depth of understanding of its chosen markets. For more information on Wood Mackenzie and its asset reports and other services, please visit http://www.woodmac.com. About FastSpring: Founded in 2005, FastSpring provides thousands of customers worldwide with a highly acclaimed, all-in-one e-commerce, subscription management and billing platform. Specifically designed to meet the needs of software, SaaS, and other online service companies, the FastSpring platform will help maximize conversions, increase sales, and grow business—all while providing an award-winning client service experience. For more information on FastSpring, please contact Christina O’Toole, at (805) 259-3557 or communications(at)FastSpring(dot)com. For information on Wood Mackenzie, please contact its Global Press Office at +44 131 243 4499 or press(at)woodmac(dot)com. All companies referenced in this press release, including FastSpring® and more are the trademarks of their respective owners.


Davis S.,Wood MacKenzie
American Fuel and Petrochemical Manufacturers, AFPM - AFPM Annual Meeting 2014 | Year: 2014

Decades of investments in high conversion capacity has made the US the most complex refining market in the world. These investments have been centred largely on upgrading and hydrotreating units to process heavier and more sour crudes which have historically traded at a discount to light sweet crudes. However, recent developments in domestic tight oil have led to a paradigm shift in refinery capital investment decisions, as refiners are now choosing to invest in projects to add offloading facilities for crude by rail transportation, expand crude distillation capacity, and debottleneck light-ends processing units to access this growing surplus of domestic light sweet crudes. In this new world, as refiners contend with the evolving quality of their crude slates, the significance of complexity in determining refinery profitability is being put into question: Is it still profitable to invest in high conversion units? The companies that are investing in crude logistics offloading facilities, increasing crude distillation units, and debottlenecking of light-ends processing units are poised to take advantage of growing surplus of domestic light sweet crudes. This is expected to translate into improved bottom-line profitability for these companies.


York S.,Wood MacKenzie
American Fuel and Petrochemical Manufacturers, AFPM - AFPM Annual Meeting 2014 | Year: 2014

The tremendous success of tight oil growth in the US has led to the question of how long this trend might continue. There are a number of ways the North American tight oil boom might go bust such as a drop in global oil price levels (e.g., Brent collapse due to emerging market downturn, supply side upside) or a significant widening of the differential between global oil prices and inland realizations There is not much US producers can do to influence global oil prices and Wood Mackenzie believes the supply/demand fundamentals and non-market (e.g., political tentions, monetary policy) dynamics around the global oil market keep the price environment well above many tight oi play breakeven economics. Thus, sustainable breakeven prices depend more on the basis differential between the relevant pricing point (e.g., Cushing, St. James) and each respective play. These basis differentials can have crude oil quality differences and tansportation cost elements. A sinle play can have multiple refining values and tansportations costs. A producer may realize a higher netback by selling their crude oil to a refining centre with higher transportation costs. There has been considerable volatility of North American crude oil differentials over the last three years. The volatility is driven by logistics constraints and relief, as well as diverse production growth areas and rates. A key concern within the industry is whether there will be sufficient crude oil logistics capacity were to fail materialize, there is a risk basis differentials could widen to the point of making incremental drilling uneconomic and thus stall production growth. Crude markets are becoming more complicated with growing price points, costs of various modes of transportation, and variables qualities of LTO (light tight oil). As the growth in LTO challenges the ability of refinery configurations to absorb more light crude oils, relative price discounts have the potential to grow over time. The issue of the oil boom going bust comes down to whether these US crude oil basis differentials could deepen enough to disrupt expected drilling programs. Almost all LTO proven reserves are commercially viable at today's prices. Even if global oil prices fell toward $75/bbl, over 70% of US tight oil reserves would remain economics.


Saputra E.,Wood MacKenzie
Society of Petroleum Engineers - SPE/IATMI Asia Pacific Oil and Gas Conference and Exhibition, APOGCE 2015 | Year: 2015

The Indonesian government faces numerous challenges. Given the government's resources are limited, it is important to focus on the essential ones, prioritising the crucial issues over the incidental ones, the urgent initiatives over the trivial matters. Identifying the key issues will enable the government to put the right focus in the right places, to mobilise the people, resources and finances in the right direction. In the light of this, this paper identifies seven key energy issues which should be given the highest priority by the government and other relevant stakeholders. Copyright 2015, Society of Petroleum Engineers.


Giesecke L.,Wood MacKenzie
American Fuel and Petrochemical Manufacturers, AFPM - AFPM Annual Meeting 2016 | Year: 2016

Following strong growth in 2015, US demand for gasoline has recovered to levels not seen since before the recession. Demand is back over 9 million b/d and continues to account for nearly half of the US total petroleum demand; making the outlook for this product pivotal to refiners. Although gasoline demand is likely to match its 2007 peak in 2016, Wood Mackenzie expects demand to decline over the long term as several factors come into play. The paper explains this forecast by breaking it down into the outlook for: distance travelled, taking into account the economic outlook as well as demographic shifts, and fuel efficiency of the light vehicle fleet in light of government CAFE standards. Furthermore, the paper considers risks to the gasoline forecast such as: the potential disconnect between consumer preference and government fuel efficiency targets, as seen by the shift in auto sales in 2015; possible changes in policy, including the government's upcoming mid-term review of fuel efficiency standards, and the role of technology breakthrough (e.g. the electric vehicle effect) and how this could impact gasoline demand. Copyright Copyright © (2016) by American Fuel & Petrochemical Manufacturers (AFPM) All rights reserved.


Gelder A.,Wood MacKenzie
American Fuel and Petrochemical Manufacturers, AFPM - AFPM Annual Meeting 2016 | Year: 2016

Over the past decade, the US refined product net trade balance has shifted dramatically, with exports increasing on average by 350 kbd per year. This transformation has been founded upon weak demand growth, high refinery utilisation and increased non-refinery sources of supply. A key question for US refiners is whether US refined product exports can continue to grow over the medium term. Wood Mackenzie's outlook for US gasoline demand is that it declines over the medium term due to improving vehicle efficiency. This hence provides the basis for a return to export growth if high refinery utilisation can be maintained Given the projected growth in US gasoline exports exceeds the deficits available in the Atlantic Basin markets of Latin America and Sub-Saharan Africa, the key issue for prospective US gasoline exporters is to how to supply Asia, a region with growing gasoline deficits. The key gasoline deficit markets in Asia are Indonesia Australia Malaysia and Vietnam. Wood Mackenzie's refinery competitiveness metric of Net Cash Margin (equivalent to EBiTDA per barrel) shows that, for 2014. the margm advantage enjoyed by US refiners v/as greater than that of refiners in key Asian deficit markets by more than the costs of freight between the regions. The repeal of the US crude export ban at the end of 2015 reduces the competitive advantage enjoyed by US refiners, but with our projected recover/ in global crude oil prices and an associated return to growth of US tight oil supplies, we consider gasoline exports from the US to Asia will be commercially viable in the medium term. Sustaining gasoline supplies and exports will be vital to maintain the high utilisation and earnings of US refiners. The factors of different demand seasonality and a wide variation of product quality specificatwns across Asia suggest US refiners need to consider the appropriate business model and associated infrastructure developments to sustain long haul exports of gasoline components to markets outside the Atlantic Basin. Copyright Copyright © (2016) by American Fuel & Petrochemical Manufacturers (AFPM) All rights reserved.


York H.,Wood MacKenzie
American Fuel and Petrochemical Manufacturers, AFPM - AFPM Annual Meeting 2015 | Year: 2015

Growth in US oil production continues to impress and with that growth comes increasing concern the US refining system might not be capable of processing all the lighter oil volumes. Thus, there is increasing interest among both the oil industry and policymakers as to the merits of a change of US crude oil export policy. This paper examines a potential policy shift and how it might impact US export crude oil flows and differentials. The intention is to provide an analytical contribution to the various industry and political elements of the policy debate. Three different qualities of US crude oil, i.e., condensate, LLS (Louisiana Light Sweet), and Mars are analysed for respective attractiveness to the Asia (Singapore) and European (Rotterdam) refining centres. Netbacks for each crude from each refining centre are calculated to examine where each crude oil might flow and the impact on price differentials, with particular focus on the differential between Brent and LLS (Brent - LLS) as this price differential is key to the commercial attractiveness of a US crude oil barrel in a competitive global market. Relaxing the crude oil export policy constraint could narrow, but would not necessarily drive Brent - LLS to parity. The post-policy change discount would settle at a level in which US and international crude oils are in refining value parity in the same refining market. That geographic parity point would be a function of the distance the crude oils travel to that point, as well as the relative quality of the barrels traded in that arbitrage. The arbitrage location might shift refining centres as respective crude oil production profiles and product demands change. The quality of a US barrel that might be exported is not obvious. Asia would have the greatest appetite for crude oils similar to LLS and Mars. Europe places a relatively higher value on condensate, but would have a limited appetite for US light barrels because of the volume of nearby North Sea or Mediterranean regions. Our analysis suggests the best value for Eagle Ford condensate is to split the barrel and sell cuts to a variety of markets. The naphtha cut stays in the USGC, middle distillates and gas oils flow to Europe, and the ends of the barrel (LPG and atmospheric residual) head to Asia. This paper does not include other issues such as the impact on the US production profile, US product exports, nor geopolitical implications. The conclusion of whether changing US export policy is in the best interest of the oil industry or the US as a whole is left to the reader.


Gelder A.,Wood MacKenzie
American Fuel and Petrochemical Manufacturers, AFPM - AFPM Annual Meeting 2015 | Year: 2015

US refiners have enjoyed strong refining margins over recent years because they have been able monetise domestic crudes and export their refined product surplus. Three factors - the evolving domestic crude supply, its high quality and its discounted price relative to international crudes - have broken the link between refining complexity and site net cash margins. Unlike other regions, the dynamics of US tight oil supply link the commercial performance of US refiners to the international crude price. The key uncertainties for US refiners now are the international crude price and the implications of lifting the US export ban.


Trademark
Wood MacKenzie | Date: 2014-03-24

Computer software and computer programmes for data analysis and modelling relating to strategic business planning, financial planning, business process planning and improvement, business management, and commercial intelligence in the energy, chemicals, metals, mining and commodities industries; downloadable electronic publications in the nature of articles, reports, presentations, brochures and newsletters in the field of strategic business planning, financial planning, business process planning and improvement, business management, and commercial intelligence in the energy, chemicals, metals, mining and commodities industries; electronic publications in the nature of articles, reports, presentations, brochures and newsletters in the field of strategic business planning, financial planning, business process planning and improvement, business management, and commercial intelligence in the energy, chemicals, metals, mining and commodities industries, recorded on computer media. Printed matter, namely, printed periodicals, printed reports, books, manuals, magazines, newsletters, pamphlets, and brochures, and printed educational and instructional materials, all relating to strategic business planning, financial planning, business process planning and improvement, business management, and commercial intelligence in the energy, chemicals, metals, mining and commodities industries. Business management; business administration; professional business consultancy; business appraisals; business information; business investigations; business management and organisation consultancy; business research; provision of commercial information; compilation of information into computer databases; compilation of statistics; economic forecasting; provision of business information; marketing research and marketing studies; publication of publicity texts and publicity agents; systemisation of information into computer databases; provision of commercial intelligence, namely, providing business and market intelligence services; business planning; all the aforesaid services relating to the energy, chemicals, metals, mining and commodities industries. Education and training services, namely,arranging and conducting of conferences, congresses, seminars, symposiums and workshops in the field of strategic business planning, financial planning, business process planning and improvement, business management, commercial intelligence in the energy, chemicals, metals, mining and commodities industries; provision of online, non-downloadable electronic publications in the nature of articles, reports, presentations, brochures and newsletters in the field of strategic business planning, financial planning, business process planning and improvement, business management, and commercial intelligence in the energy, chemicals, metals, mining and commodities industries; publication of books and online publication of electronic reports, books, journals, all the aforesaid services relating to strategic business planning, financial planning, business process planning and improvement, business management, commercial intelligence in the energy, chemicals, metals, mining and commodities industries. Scientific and technological services and research, namely, technical data analysis and modelling in the fields of energy, chemicals, metals and mining; industrial analysis and research services in the fields of energy, chemicals, metals and mining; analysis services for oil field exploration; analysis services for mining exploration; scientific research consultancy in the fields of energy, chemicals, metals and mining; geological research and surveying; land surveying; material testing; oil prospecting; oil field exploitation, namely, oil field exploration; oil field surveys; oil well testing; research in the field of environmental protection; scientific research in the energy, chemicals, metals, mining and commodities industries.


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