UK Licensing | Shell leads as large E&Ps dominate 33rd Licensing Round
On 30 October 2023, the NSTA announced the offers of awards in the first tranche of the 33rd Offshore Licensing Round. A total of 32…
Read MoreElectrifying the North Sea – Some Key Considerations
On page 19, Dave Moseley discusses the opportunities and challenges of electrification in the UK North Sea.
Read MoreEurope Q3 2023 M&A Quarterly | Deal activity stable, but opportunity pipeline continues to grow
Five deals were announced in Q3 2023, low compared to the nine announced in Q2, but in line with activity since Q1 2022. Four of…
Read MoreIthaca hits pause on West of Shetlands electrification
David Moseley, vice president for North Sea research at Welligence said pausing electrification efforts would be logical for Ithaca. “It seems likely that Ithaca will…
Read MoreUK M&A | Ithaca goes all in on Cambo via Shell acquisition
On 12 September 2023, Ithaca Energy announced it had acquired Shell’s 30% in the West of Shetland (WoS) Cambo development for US$77.85 million. The deal…
Read MoreWelligence Global Exploration Outlook | Offshore exploration drilling outlook
In this report, we analyse exploration drilling plans in Europe, Latin America, MENA, Sub-Saharan Africa and US Gulf of Mexico. We have a line of…
Read MoreWelligence North Sea Rumblings on the Ground | Challenges abound but opportunities aplenty
The Welligence team recently visited over 20 E&Ps and investors in Aberdeen, London, Oslo and Stavanger to discuss current and upcoming activity, market sentiment and…
Read MoreMontrose platform looks most likely option for Ithaca K2 discovery – analyst
In a post online, research group Welligence Energy Analytics said: “Commerciality has yet to be established, however, the Repsol-operated Montrose hub, 25km southwest, is arguably…
Read MoreIthaca Energy Strikes Hydrocarbons at UK North Sea Prospect
Welligence Energy Analytics said that the Repsol-operated Montrose hub, 25km southwest of K2, “is arguably the most likely tie-back host given Ithaca’s interest in both…
Read MoreUK Benchmarking | What does the future hold for the UK offshore sector?
What does the future hold for the offshore sector in the UK? This is an uncertain time with the industry grappling with the pressures of…
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