Analysis: 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…
Read MoreEurope Q1 2024 M&A Quarterly | Deal making on pause, but for how long?
Just one asset deal was announced in Q1 2024, a step change from the nine in Q4 2023, representing a low level of activity not…
Read MoreUK 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…
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