Posts by Alex Hazel
Harbour Energy projected for $5.5bn windfall tax payments by analyst
Harbour Energy, the North Sea’s largest producer, is one of the strongest opponents to the windfall tax, and analysis from Welligence has shed further light…
Read MoreWelligence: recovering from the ‘Covid low’ and dealing with EPL
The UK North Sea saw little bounce back in activity following the 2020-21 ‘Covid low’, with only the M&A space staying buoyant. New project approvals,…
Read MoreFIDs predicted in 2023 for large untapped UK oil and gas fields
Analytics firm Welligence said, alongside the announced FIDs planned for Cambo and Rosebank, progress is expected on Perth, Bentley and Bressay in the North Sea.…
Read MoreWelligence North Sea | Serica Energy diversifies in win-win deal with Tailwind Energy
On 20 December 2022, Serica Energy announced the acquisition of Tailwind Energy. The consideration comprises £367 million (US$440 million) in shares and cash. Serica will…
Read MoreWelligence Sub-Saharan Africa | Our 2023 outlook for Sub-Saharan Africa
Our view on exploration, M&A activity, FLNG, key developments and emerging trends in new energies. Political factors may also come into play with key elections…
Read MoreWelligence Norway Rumblings on the Ground | New play exploration is down, but is it out?
Last week, the Welligence team attended the NCS Exploration Strategy Conference in Stavanger, Norway. As part of the event, we delivered a presentation in the…
Read More‘Diminishing hopper’ of big North Sea projects a leash on firms’ ability to offset tax hike
Mr Moseley, vice president of North Sea research at Welligence, said: “The introduction and increase in the EPL means many companies are seeking to maximise…
Read MoreWelligence UK | The EPL increase – the UK Treasury takes another bite out of the North Sea
On 17 November, the UK Chancellor of the Exchequer announced an increase to the Energy Profits Levy (EPL), a windfall tax charged to oil and…
Read MoreNorth Sea industry warns on tax hikes amid uncertainty over aging basin
But while the government has billed tax relief for investment as supporting the sector, the reality is the UK lacks attractive big-ticket projects awaiting the…
Read MoreWelligence Norway | Equinor delays Wisting project amid cost pressure
Equinor announced that it will not submit a Plan for Development and Operations (PDO) for the Wisting development in 2022, and instead delayed the PDO…
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