UK M&A | Ithaca Energy and Eni propose North Sea merger
On 27 March 2024, Ithaca Energy released its 2023 results and simultaneously announced that it had entered into a four week long Exclusivity Agreement in…
Read MoreIndustry challenges analysis claiming windfall tax win for UK Treasury
“The introduction of the EPL made companies a lot more uncertain around progressing greenfield and brownfield projects,” Welligence Energy Analytics vice-president of operations David Moseley…
Read MoreNo more drilling on Forties and Beryl – a perfect storm for the UK’s energy security?
“I WOULD NOT call it a perfect storm”, concludes David Moseley, vice-president operations Europe at intelligence firm Welligence at the end of his Aberdeen Energy…
Read MoreWelligence UK Fiscal & Policy | Labour’s proposed windfall tax terms – another damaging shift in policy on the cards?
On 8 February, the Labour Party announced that it was reducing its £28bn annual expenditure target on green/renewable energy. As part of this announcement and…
Read MoreUK Licensing | Big players continue to dominate 33rd Round awards
On 31 January 2024, the NSTA announced the offers of awards in the second tranche of the 33rd Offshore Licensing Round. A total of 24…
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 MoreEurope Q4 2023 M&A Quarterly | Buoyant quarter with more deals to follow
Nine deals were announced in Q4 2023, in line with Q2. This contributed to making 2023 the joint most active year for M&A so far…
Read MoreWelligence CCUS | Harbour Energy’s acquisition of Wintershall Dea creates a European CCS powerhouse?
The combination of Harbour Energy and Wintershall Dea will create a major CCS player. Harbour will increase its net CCS acreage in the North Sea…
Read MoreGlobal M&A | Harbour Energy becomes a leading international E&P and CCS player with Wintershall Dea deal
On 21 December 2023, Harbour announced a reverse takeover of Wintershall Dea (excluding German midstream assets, UAE and Russian-linked assets including JVs with Gazprom in…
Read MoreM&A in the spotlight: Which of the top quality oil and gas independents is next?
“Now we have the first large-scale deal between international independents (Harbour and Wintershall). With talks ongoing between Santos and Woodside,this could be the first of…
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