Posts by Alex Hazel
Norway Rumblings on the Ground | M&A market fails to ramp up but opportunities remain
Welligence recently attended ONS in Stavanger and subsequently visited Oslo to meet with key stakeholders in the O&G sector to discuss current and upcoming activity,…
Read MoreNorway M&A| Lime Petroleum acquires OKEA’s Yme interest
On 23 September 2024, Lime Petroleum acquired OKEA’s 15% interest in the Yme field for US$15.65 million. Lime Petroleum will also pay OKEA US$9.2 million…
Read MoreUK | Understanding tax loss positions with the Welligence platform
The UK fiscal system is one of the most complex globally, with numerous changes to taxation since drilling commenced in the North Sea in 1964.…
Read MoreUK M&A | RockRose agrees to acquire Shell and ExxonMobil’s SNS asset package
On 30 July 2024, RockRose Energy agreed to acquire the interests of both Shell and ExxonMobil in Shell’s operated Southern North Sea assets, comprising 15…
Read MoreAsia Pacific Q2 2024 M&A Quarterly | Gas centre stage as TotalEnergies drives APAC deal-making
Three deals were announced in Q2 2024, a decline from the five in Q1 2024 and the lowest activity since Q1 2023. The announced considerations…
Read MoreUK Fiscal & Policy | Labour increases EPL – and halts licensing?
On 4 July, the Labour party won the UK general election, ending the Conservative party’s 14-year tenure. This was followed on 29 July by the…
Read MoreNetherlands M&A | Tenaz Energy scales with NAM offshore acquisition
On 18 July 2024, Tenaz Energy acquired NAM’s offshore assets for an initial consideration of €165 million (US$180 million). NAM is a 50:50 joint venture…
Read MoreUK Energy Transition | Promoting UK gas production – a win-win scenario lost in politics
By 2030, UK gas production is set to decline by 59% compared to 2024. Current UK gas demand, around 8 bcf/d, is more than double…
Read MoreNorway M&A | PGNiG sources more gas with Atlantis acquisition
On 24 June, PGNiG announced the acquisition of Source Energy’s 20% interest in the Atlantis discovery for an undisclosed consideration. The licence also contains the…
Read MoreNorway M&A | PGNiG and Equinor harmonise Gina Krog area interests
On 4 June, PGNiG acquired a 19.5% interest in the Eirin development from Equinor for an undisclosed consideration. The deal harmonises interests in the Gina…
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