Posts by Lauren Mayhew
UK M&A | Prax acquires TotalEnergies’ West of Shetlands assets
On 27 June 2024, TotalEnergies announced the sale of its West of Shetlands assets to Prax Group for an undisclosed consideration. The deal includes 40%…
Read MoreBrazil awaits contentious Equatorial Margin call
The Equatorial Margin is also seen as crucial to Brazil’s near-term energy security. Beyond simply increasing hydrocarbon exports, “energy security serves as a significant driver…
Read MoreEni to sell upstream assets to experienced US operator
“Both assets are in close proximity and there are joint projects such as the Partial Gas Processing (PGP) project, which involves installing a gas processing…
Read MoreMexico’s Zama Drama Eases, but Not Over for Talos, Other IOCs
“Projects such as Zama are expected to aid the long-term production decline that confronts Mexico, Andres Armijos, Welligence’s vice president and head of Latin America…
Read MoreBrazil is Oil Market Wildcard After Near-Million-Barrel Plunge
“Welligence, meanwhile, is more cautious, forecasting daily output of 3.4 million to 3.5 million for the rest of this year. Brazilian production won’t resume 2023s…
Read MoreUAE M&A | PTTEP strengthens UAE portfolio with Ghasha ultra-sour gas acquisition
On 11 June 2024, PTTEP announced that it had acquired a 10% stake in the Ghasha offshore ultra-sour development in Abu Dhabi from Wintershall Dea.…
Read MoreUAE M&A | UAE and Azerbaijan deepen ties as SOCAR awarded stake in Umm Lulu and SARB concession
On 31 May 2024, ADNOC announced it had awarded a 3% interest in the Umm Lulu and Satah al Razboot (SARB) offshore concession to the…
Read MoreNorway | Exploration performance and outlook – Norway in a global context
Norway is one of six key global offshore exploration hotspots, which are together set to see over 200 exploration wells drilled in the next 12…
Read MoreExxonMobil eyes debut in North Africa oil and gas powerhouse
Welligence Energy Analytics said in a LinkedIn post: “We expect more announcements as majors – including Eni, Shell, Equinor and Chevron – look to invest…
Read MoreIraq & Kurdistan | A tale of two halves: Federal Iraq’s pursuit of stability amidst Kurdistan’s export dilemma
Following years of political turbulence and economically unattractive fiscal terms, Iraq has experienced a resurgence of interest in recent years. Thanks to revamped terms under…
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