US GoM Development | Chevron’s Anchor development kicks off the 20k era
First oil from Chevron’s Anchor development (12 August 2024) marks a couple of important milestones – not only is it the beginning of production from…
Read MoreLatest contract awards give new momentum to Saudi Aramco offshore expansion projects
Martin Sherriff, head of Middle East at Welligence Energy Analytics, told Upstream that Aramco has a decent “track record of bringing projects online on time”…
Read MoreWelligence Global FPSO Outlook | Tapping into the idle FPSO fleet in the face of high industry costs and project delays
The demand for FPSOs has been picking up since the market slowdown of 2020/2021. But upstream supply chain tightness is now weighing on project…
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 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…
Read MoreNorth Sea redevelopments ‘on the rise’, but which projects are seeing success?
Vice president of operations for Europe at Welligence Energy Analytics, David Moseley, noted this trend. “The number of redevelopment projects in the UK is on…
Read MoreEast of Shetland: Will the UK’s heavy oilfields overcome their challenges?
David Moseley, vice president of operations at Welligence saying: “Heavy oil developments require significant capex, opex and are subject to longer pay back periods, as…
Read MoreNamibia M&A | TotalEnergies boosts stake in giant Namibian discovery
On 10th January 2024, TotalEnergies announced it had agreed to acquire an additional 10.5% in block 2913B (PEL 56) and 9.39% in block 2912 (PEL…
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