Posts by Alex Hazel
No more drilling on Forties and Beryl – a perfect storm for the UK’s energy security?
“I WOULD NOT call it a perfect storm”, concludes David Moseley, vice-president operations Europe at intelligence firm Welligence at the end of his Aberdeen Energy…
Read MoreWelligence UK Fiscal & Policy | Labour’s proposed windfall tax terms – another damaging shift in policy on the cards?
On 8 February, the Labour Party announced that it was reducing its £28bn annual expenditure target on green/renewable energy. As part of this announcement and…
Read MoreUK Licensing | Big players continue to dominate 33rd Round awards
On 31 January 2024, the NSTA announced the offers of awards in the second tranche of the 33rd Offshore Licensing Round. A total of 24…
Read MoreEast of Shetland: Will the UK’s heavy oilfields overcome their challenges?
David Moseley, vice president of operations at Welligence saying: “Heavy oil developments require significant capex, opex and are subject to longer pay back periods, as…
Read MoreEurope Q4 2023 M&A Quarterly | Buoyant quarter with more deals to follow
Nine deals were announced in Q4 2023, in line with Q2. This contributed to making 2023 the joint most active year for M&A so far…
Read MoreNorway Licensing | Frontier licence awards return in APA 2023
On 16 January 2024, the Norwegian Offshore Directorate (SODIR) announced the award of 62 production licences to 24 companies in the Awards in Predefined Area…
Read MoreCaspian M&A | Equinor exits Azerbaijan, selling portfolio to SOCAR
On 22 December 2023, Equinor ended its 30-year presence in Azerbaijan, selling its portfolio to the State Oil Company of the Azerbaijan Republic (SOCAR). ACCESS…
Read MoreGlobal M&A | Harbour Energy becomes a leading international E&P and CCS player with Wintershall Dea deal
On 21 December 2023, Harbour announced a reverse takeover of Wintershall Dea (excluding German midstream assets, UAE and Russian-linked assets including JVs with Gazprom in…
Read MoreGlobal M&A | Harbour announces reverse takeover of Wintershall Dea
On 21 December 2023, Harbour announced a reverse takeover of Wintershall Dea (excluding UAE and Russian assets, JVs with Gazprom in Libya, Netherlands and UK,…
Read MoreNorway M&A | Equinor acquires Shell’s interest in HPHT Linnorm development
On 14 December 2023, Equinor acquired Shell’s 30% interest and operatorship of the High Pressure, High Temperature (HPHT) Linnorm gas discovery, the largest undeveloped gas…
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