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How crude markets could react on Monday after Iran attack
“Monday’s oil trade is likely to be among the most volatile seen in years,” Carlos Bellorin, executive vice president at Welligence Energy Analytics, told Upstream.…
Read MoreWar in Iran could cause the biggest oil shock in years
Faced with an existential threat, Iran’s leadership – or what remains of it – may see dragging its Gulf neighbours into the crisis as one…
Read MoreIran retaliates with attacks aimed at UAE, Qatar, Kuwait and Saudi Arabia
“For Iran, the stakes are existential,” Carlos Bellorin, EVP at Welligence Energy Analytics, told Upstream. “The regime may be willing to go further than in…
Read MoreThe jewel at the heart of Aramco’s gas strategy
Despite raising the targeted gas growth from 60% up to 80%, no significant new gas projects have been announced by Aramco to meet this increased…
Read MoreWho won coveted prize for multibillion-dollar Middle East offshore expansion project?
Carlos Bellorin, executive vice president of energy trends and analysis at Welligence Energy Analytics, earlier told Upstream that while the United Arab Emirates’ oil production…
Read MoreEgyptian-regasified natural gas starts heading to Lebanon and Syria
The gas itself isn’t tied to a single source: Volumes supplied through Egypt would likely come from a blend of sources, Ross Cassidy VP of…
Read MoreEgypt launches new offshore bid round
Welligence Energy Analytics noted in a LinkedIn post that Ganope held a Red Sea bid round in 2019 which saw Chevron awarded Block 1, Shell…
Read MoreUpcoming COP will be toughest climate gathering yet
According to Juan Agudelo, head of energy transition at Welligence Energy Analytics, the main challenge at COP30 will be “finding consensus on actions that genuinely…
Read MoreTexas is facing a ‘broken’ shale industry. AI’s power needs could be a lifeline.
Markus Mowatt-Larssen, an energy transition analyst at Welligence, noted that West Texas has an abundance of open land suitable for building both data centers and…
Read MoreNorth American Projects, Players and Deals in LNG’s Spotlight
“In 2025 to-date, five out of the six liquefaction projects reaching Final Investment Decisions (FID) globally, representing around 90% of liquefaction capacity, are located on…
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