Welligence US GoM Licensing | Lease sales return with a bang, but will the bullishness last?
After a near two-year hiatus, licensing returned to the US Gulf of Mexico with a bang despite a tighter fiscal regime and the persistent long-term…Read More
Welligence Energy Transition | INTOG lease round – offshore oil and gas wind electrification goes mainstream
On Friday, Crown Estate Scotland announced the results of the initial INTOG (Innovation (IN) and Targeted Oil and Gas (TOG)) wind lease, a first of…Read More
Electrifying offshore oil and gas with floating wind power ‘not for the faint-hearted’
“More than 80% of UK’s offshore emissions will come from the fuel consumed at the facilities. That makes electrification the most impactful strategy,” Juan Agudelo,…Read More
Welligence Colombia | The end of new bid rounds — what now?
At an Energy Transition panel session during last week’s World Economic Forum, Colombia’s Energy & Mines Minister Irene Velez declared the government would not grant…Read More
Guyana-Suriname-Brazil – how do the fiscals compare?
Some of the highest profile bid rounds globally will be held in Latin America in H1 2023. Brazil, Guyana and Suriname are offering acreage across…Read More
Guyana in talks with Qatar, UK, UAE and India on oil blocks
“It’s unclear if the government-to-government negotiations are related to the already announced 14 exploration blocks or if they are talking about different areas,” said Andre…Read More
Oil companies commit to North Sea expansion despite tax risks
David Moseley, vice president for North Sea research at analytics firm Welligence, said: “Interest in the 33rd round was high, considering recent uncertainties, including instability…Read More
What the North Sea bids will tell investors about the UK’s energy security
David Moseley, vice president for North Sea research at analytics firm Welligence, said the region’s mature status also meant big new discoveries would be unlikely.…Read More
Welligence Norway | Norway announces APA 2022 licence offers
The Norway Petroleum Directorate (NPD) announced the offer to award 47 production licences to 25 companies in the Awards in Predefined Area (APA) 2022 Round.…Read More
Brazil Licensing | Brazil’s 1st PSC Permanent Round – what appetite remains for high-risk pre-salt exploration?
The 1st PSC Permanent Bid Round held on December 16th by the ANP had mixed results. It attracted some of the industry big guns. …Read More