‘Bloated’ Harbour Energy job cuts: Could other North Sea firms follow suit?
John Corr, head of North Sea for analyst firm Welligence, said: “In most countries globally tax regimes are usually linked to commodity prices, with the…
Read MoreOil companies commit to North Sea expansion despite tax risks
David Moseley, vice president for North Sea research at analytics firm Welligence, said: “Interest in the 33rd round was high, considering recent uncertainties, including instability…
Read MoreOnly six big-spend projects for UK North Sea in coming years
Jon Corr, head of North Sea at Welligence was discussing large-scale independent Harbour Energy, saying: “If you don’t have equity in these, when you’re of…
Read MoreWhat the North Sea bids will tell investors about the UK’s energy security
David Moseley, vice president for North Sea research at analytics firm Welligence, said the region’s mature status also meant big new discoveries would be unlikely.…
Read MoreHarbour Energy projected for $5.5bn windfall tax payments by analyst
Harbour Energy, the North Sea’s largest producer, is one of the strongest opponents to the windfall tax, and analysis from Welligence has shed further light…
Read MoreWelligence: recovering from the ‘Covid low’ and dealing with EPL
The UK North Sea saw little bounce back in activity following the 2020-21 ‘Covid low’, with only the M&A space staying buoyant. New project approvals,…
Read MoreFIDs predicted in 2023 for large untapped UK oil and gas fields
Analytics firm Welligence said, alongside the announced FIDs planned for Cambo and Rosebank, progress is expected on Perth, Bentley and Bressay in the North Sea.…
Read MoreWelligence North Sea | Serica Energy diversifies in win-win deal with Tailwind Energy
On 20 December 2022, Serica Energy announced the acquisition of Tailwind Energy. The consideration comprises £367 million (US$440 million) in shares and cash. Serica will…
Read MoreWest of Shetland oilfields due for $500m value bump from electrification
Welligence added: “Furthermore, the additional revenue from previously consumed gas, and carbon tax savings, increase the Net Present Value10 of the projects by US$0.5 billion,…
Read More‘Diminishing hopper’ of big North Sea projects a leash on firms’ ability to offset tax hike
Mr Moseley, vice president of North Sea research at Welligence, said: “The introduction and increase in the EPL means many companies are seeking to maximise…
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