Welligence 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 MoreUK Energy Transition | Promoting UK gas production – a win-win scenario lost in politics
By 2030, UK gas production is set to decline by 59% compared to 2024. Current UK gas demand, around 8 bcf/d, is more than double…
Read MoreUK M&A | Prax acquires TotalEnergies’ West of Shetlands assets
On 27 June 2024, TotalEnergies announced the sale of its West of Shetlands assets to Prax Group for an undisclosed consideration. The deal includes 40%…
Read MoreGlobal LNG | FSRUs increasingly secure supplies for Europe and Asia’s energy transitions
FSRU demand surged in 2022 from European buyers looking to quickly import LNG following drastic cuts to Russian piped gas supplies. The shock more than…
Read MoreElectrify the North Sea, or else?
“The electrification process necessitates comprehensive platform redesigns to accommodate the new systems,” Welligence Energy Analytics senior analyst for energy transition Fernando Tamayo told E-FWD. “In…
Read MoreUK Licensing | 33rd Round T3 awards led by small companies
On 3 May 2024, the NSTA announced the provisional awards in the third tranche of the 33rd Offshore Licensing Round. A total of 31 licences…
Read MoreAnalysis: Green Volt wind farm would cut carbon and costs at Buzzard oilfield
According to analyst firm Welligence, electrifying Buzzard through the 560 megawatt wind farm would cut the need for gas and diesel consumption by 80% and…
Read MoreGlobal FLNG | Delivering the next wave of FLNG projects will not be smooth sailing
FLNG momentum has been building with recent Floating and Fast LNG projects having created a lot of buzz in the industry. We estimate FLNG and…
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 MoreUK M&A | Ithaca Energy and Eni agree North Sea merger
On 23 April 2024, Ithaca Energy announced that the proposed merger with Eni’s North Sea business, as reported as part of its 2023 results on…
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