Posts by Alex Hazel
Ithaca Energy Strikes Hydrocarbons at UK North Sea Prospect
Welligence Energy Analytics said that the Repsol-operated Montrose hub, 25km southwest of K2, “is arguably the most likely tie-back host given Ithaca’s interest in both…
Read MoreUK Benchmarking | What does the future hold for the UK offshore sector?
What does the future hold for the offshore sector in the UK? This is an uncertain time with the industry grappling with the pressures of…
Read MoreNorth Sea Q2 2023 M&A Quarterly | Will dealmakers keep up with Q2 M&A high?
Deal activity in the North Sea continues to occur at pace. With the exception of Q4 2021, Q2 2023 saw the highest deal activity levels…
Read MoreMalaysia Rumblings on the Ground | Malaysian upstream opportunities abound — licensing, M&As and CCS hubs
The Welligence team recently attended the Energy Asia Conference in Kuala Lumpur. The event provided an excellent and well-attended forum for energy professionals to share…
Read MoreGlobal LNG | LNG outlook to 2030 – increasingly green, floating and supply-concentrated
European LNG imports jumped 60% in 2022 as buyers raced to source cargos in response to cuts in Russian piped gas. This demand shock coincided…
Read MoreNorway M&A | Longboat acquires production in Statfjord area from INPEX Idemitsu
On 3 July, Longboat Energy announced it had acquired INPEX Idemitsu’s interests in Statfjord Øst (4.8%) and Sygna (4.32%) for a cash consideration of US$12.75…
Read MoreNorway M&A | Vår Energi acquires Neptune’s Norway Assets
On 23 June 2023, Eni and Vår Energi (Vår) announced the acquisition of Neptune Energy (Neptune) for US$4.9 billion. The deal has two components: Vår…
Read MoreAll eyes on Aker BP as Norway’s largest exploration well is under way
The analytics firm Welligence told Upstream “the Venus licence is to the west of the Johan Castberg development and the Venus well may be within…
Read MoreGlobal M&A | Eni and Vår Energi acquires Neptune Energy
On 23 June, Eni and Vår Energi acquired Neptune Energy for US$4.9 billion including US$0.5 billion of net debt. Neptune will retain its Germany assets.…
Read MoreWould Keir Starmer have changed his mind when he would have attended Devex 2023?
David Moseley from Welligence put another perspective on maturing assets in the North Sea though “As a result of the rapidly declining production from mature…
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