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News

Global 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…

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Argentina’s new president promises energy shake-up

This issue extends into the political arena. Any proposed incentives aimed at fostering growth and investment in the Vaca Muerta must navigate the complexities of…

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Exciting opportunity attracts LNG investors off East Timor

Marc Howson, Head of Asia at Welligence Energy Analytics, told Energy News that “Chuditch is a significant shallow-water discovered gas resource, located near several gas-short…

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Eni starts drilling key well at offshore gas discovery in East Mediterranean

Welligence Energy Analytics in late October suggested that, if successful, Cronos could be developed as a tie-back to Eni’s Zohr facilities offshore Egypt, with gas…

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Libya’s upstream promise still hamstrung by instability

“There is still division between the country’s two rival leaderships—the internationally recognised government of National Unity, based in the western capital of Tripoli, and the Libyan…

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Venezuela’s limited oil sanctions relief

Venezuelan supply “could add to the competition and result in heavier discounts for South American heavy crudes”, [Andres Armijos] continues.

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Eni set to start drilling critical East Med gas well

Welligence Energy Analytics said that “the well confirmed the presence of very good quality sand reservoirs at multiple layers, including some known with commercial discoveries…

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Electrifying the North Sea – Some Key Considerations

On page 19, Dave Moseley discusses the opportunities and challenges of electrification in the UK North Sea.

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Chevron and ExxonMobil raids open a ‘new era of oil mega mergers’

Welligence Energy Analytics said that sector consolidation has been on the agenda in recent years, and is becoming a reality. “We anticipate further consolidation, particularly…

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Upstream M&A heats up in Indonesia as Eni eyes sell down of gas assets

Yet many attractive opportunities remain, report analysts at Welligence Energy Analytics. “Large and small players are looking to bring in partners at what are mostly…

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