Posts by Alex Hazel
Norway 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…
Read MoreGlobal Exploration Outlook
Global exploration drilling is set for a boost in 2024 – we have line of sight on over 200 wells targeting over 30 bnboe of…
Read MoreNorway M&A | PGNiG acquires KUFPEC’s Norway assets
On 20 November 2023, PGNiG acquired KUFPEC’s Norway portfolio for US$445 million. The sales process had been ongoing for an extended period with KUFPEC receiving…
Read MoreNorway M&A | Lime Petroleum acquires Brasse stake
On 7 November, Lime Petroleum acquired a 17% interest in the Brasse discovery from DNO (10.7212%) and OKEA (6.2788%). OKEA is expected to submit a…
Read MoreNorway Rumblings on the Ground | Slow M&A market set to heat up in 2024
Welligence recently visited Oslo and Stavanger to meet with key stakeholders in the Oil & Gas sector to gauge the overall investment climate and the…
Read MoreUK Licensing | Shell leads as large E&Ps dominate 33rd Licensing Round
On 30 October 2023, the NSTA announced the offers of awards in the first tranche of the 33rd Offshore Licensing Round. A total of 32…
Read More