Welligence UK | The EPL increase – the UK Treasury takes another bite out of the North Sea
On 17 November, the UK Chancellor of the Exchequer announced an increase to the Energy Profits Levy (EPL), a windfall tax charged to oil and…
Read MoreNorth Sea industry warns on tax hikes amid uncertainty over aging basin
But while the government has billed tax relief for investment as supporting the sector, the reality is the UK lacks attractive big-ticket projects awaiting the…
Read MoreNorth Sea industry set to be dominated by major oil and gas players
Data specialists Welligence Energy Analytics has predicted that the likes of BP, Equinor and Shell will account for over 40 per cent of production by…
Read MoreOil majors’ share of UK production poised to grow, boosted by Jackdaw and Rosebank
Research body Welligence Energy Analytics has predicted that by the end of the decade, the likes of BP, Equinor and Shell will account for over…
Read MoreDecom will naturally drive North Sea towards emissions reduction targets
Dave Moseley, vice president of North Sea research at Welligence, said: “The maturity of North Sea operations means the NSTA will get close to target,…
Read MoreWelligence North Sea | UK GHG benchmarking – balancing rising emissions intensity with declining production
A benchmarking review of the key drivers behind facility GHG emissions in the context of the NSTA’s emissions target for industry. ACCESS PDF
Read MoreWelligence North Sea M&A Q3 2022 | Exits drive deal-making, wealth of opportunity means there’s more to come
We are pleased to release our quarterly report analysing M&A activity and the outlook for deal-making across the North Sea. With the launch of our…
Read Morei3 may look to Repsol Sinopec as Serenity faces downgrade
Dave Moseley, North Sea vice president at Welligence, said: “The result means the near-100 MMboe recoverable resources estimated pre-drill is almost certainly heavily downgraded. Options…
Read MoreWelligence MENA M&A | NewMed Energy and Capricorn Energy to merge and form leading gas-focused independent
Capricorn is recommending a merger with NewMed Energy through a reverse takeover, dropping a previous plan to merge with Tullow Oil following strong shareholder opposition…
Read MoreBuzzard is ‘appealing proposition’ for Harbour, NEO and Waldorf
With Suncor and ONE-Dyas looking to sell off their UK portfolios, analyst firm Welligence has suggested the Buzzard hub may be an “appealing proposition” for…
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