Posts by Omar Rios
Guyana receives bids for eight oil and gas blocks, including from Exxon and Total
“The government’s strategic objective to lessen the influence by the major players already active in the country looks unlikely to be achieved”, said Andres Armijos,…
Read MoreWoodside’s $7.2 Billion Bet on Deepwater Mexico Potential
“… Dominated by the Majors, no company has been able to replicate the success of Trion so far — a testament to the frontier and…
Read MoreBrazilian upstream enjoys bumper year
“Despite the stringent environmental process, which has led several companies to abandon exploration plans in [the Foz do Amazonas Basin], we believe a glimmmer of…
Read MoreBrazil Rumblings on the Ground | Navigating new horizons: Lula, Petrobras, and the strategy for an emerging gas market
Welligence recently visited Rio de Janeiro and Sao Paulo to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and…
Read MoreOptimism grows around Mexican upstream
Consultancy Welligence notes that Trion FID “was first targeted for 2022 but delayed due to market uncertainty and high contracting costs.”
Read MoreGlobal M&A | Eni muscles up its gas and CCS business with Neptune Energy acquisition
On 23 June 2023, Eni and Vår Energi announced the acquisition of Neptune Energy for US$4.9 billion. ACCESS PDF
Read MoreWelligence Trinidad & Tobago | Does Trinidad have the gas to bring ALNG Train 1 back to life?
The Government of Trinidad & Tobago is aiming to bring Atlantic LNG’s (ALNG) Train 1 back online. ACCESS PDF
Read MoreExploration basins of the future
When it comes to exploration, Welligence’s Lauren Mayhew reminds us that “new plays can unlock new life” in the Petroleum Economist’s latest article on exploration.
Read MoreObservers welcome Talos’ 50% sale of Zama but questions remain regarding first oil
Andres Armijos, Head of Latin America research at Welligence, said that the sale is clearly “a way to monetize the efforts Talos has made in…
Read MoreWelligence Mexico M&A | Grupo Carso expands its presence in Mexico upstream with Zama purchase from Talos
On 25 May 2023, Talos Energy announced the sale of an 8.68% stake in the shallow-water Zama oil project on Block 7 to Grupo Carso.…
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