Welligence Energy Analytics is pleased to announce a milestone growth equity raise. For more information, see the press release below!💥 prnewswire.com/news-releases…

En el panel de Política Energética y Regulación a la Exploración y Producción en América Latina @carbellorin, vicepresidente ejecutivo de análisis macro y consultoría de @Welligence , habló sobre el momento en que los productores en América Latina reconfiguran su visión sobre el futuro de la industria, comprendiendo con urgencia la importancia de la transición energética. Cada vez más países reconocen la necesidad de monetizar activos que antes eran pasados por alto, mientras las tendencias regionales impulsan la entrada del offshore como un motor clave para el desarrollo. Los incentivos fiscales y un marco regulatorio más atractivo están convirtiendo a la región en un foco de inversión. Brasil, en particular, se destaca como un referente por sus políticas y regulaciones, que han acelerado el crecimiento y la inversión en este sector estratégico.

Looking for breaking energy news? Follow our analysis at @Welligence ⚡️🚨🛢️!

Alaska Alert! @Shell exits Alaska, relinquishing 18 leases in the West Harrison Bay unit near major Nanushuk discoveries like @conocophillips' 600 MMbbl Willow field. Unable to farm down, Shell forfeits a bond to the state. The acreage now returns to the State. #EnergyUpdate

Nigeria’s new mega Dangote refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates trib.al/tr4Cdnm

.@petrobras Alert! Prates steps down after Q1 2024 results ($4.8B net profit, down 24%). Magda Chambriard, a 22-year Petrobras veteran, is nominated pending approval. Tensions rose between Prates and Mines Minister Silveira over dividend payouts. Challenges ahead! #EnergyUpdate

With quotes from the @Welligence team

Peru Exploration Alert! 🇵🇪 @TotalEnergies enters with 3 TEAs to evaluate offshore Tumbes & Talara basins. @OXY_Petroleum also active, seeking partner for potential well. Offshore underexplored but high risk, with last wells drilled in 2020. #EnergyUpdate

Indonesia Alert! 🇮🇩 @KementerianESDM signed 2 PSCs & announced 5 blocks for 2024 Bid Round: Andaman, Sumatra, Kalimantan & Sulawesi. Exploration rising post-pandemic, 21/36 blocks awarded since 2021. 13 wells and significant seismic expected. #EnergyAlert

The Welligence Energy Analytics team is excited to be back at #IPAConvex2024 hosted by the Indonesian Petroleum Association! We are engaging with clients and industry stakeholders on key topics for a sustainable energy outlook in the region. Do reach out if you are here!

Africa Pipeline Alert🚨! Niger-Benin pipeline transports first Nigerien oil to Benin, but border dispute halts offloading. Pipeline runs 1,950 km from Agadem to Port Seme, with 110,000 bbl/d capacity. Major boost for CNPC and Savannah Energy, despite current setback #EnergyUpdate

Indonesia Discovery Alert! 🚨 @MubadalaEnergy strikes big in the South Andaman block with a huge gas find. The Tangkulo-1 well hit 80m of gas in Oligocene sandstones, flowing 47 MMcf/d of gas and 1,300 bbl/d of condensate. Next up, appraising Layaran. #EnergyUpdate

With quotes from our Sub Saharan Africa team. pemedianetwork.com/petroleum…

Iraq Licensing Alert! 🚨 5 and 6th Bid Rounds are underway. Chinese firms & Iraq’s Kar Group lead ten awards. The 5 blocks aim to boost oil production to 6 MMbbl/d by 2030. Gas-focused 6th Round targets reducing Iranian gas reliance, aiming for 2.5 Bcf/d. #EnergyUpdate

Egypt Exploration Alert! 🚨@QatarEnergy secures 40% stake in Cairo & Masry offshore blocks. Covering 11,400 sq km in the Med, a seismic survey of 8,000 sq km is underway. First well in 2-3 years. Boosts QatarEnergy’s global reach by joining ADNOC & bp in Egypt #EnergyUpdate

Vietnam LNG Update! 🇻🇳 The Cai Mep LNG regas terminal, with a 3 MMtpa capacity, has started commissioning, eyeing commercial operations in Q4. This JV-operated facility marks Vietnam's second #LNG terminal. SE Asia ramps up LNG imports to offset gas deficits #EnergyUpdate

M&A Update! 🇪🇸 @Cepsa nearly exits upstream with Lote 131 in Peru sold to @Petro_Tal for US$5MM. Follows divestments in Colombia, UAE, and Southeast Asia. Now focusing on new energies, only Algeria remains. Cepsa leads the shift away from oil/gas. Will it pay off? #EnergyUpdate

UK Energy Transition Update! 🇬🇧 Green Volt by Flotation Energy, set to be the world's largest floating wind farm at 560 MW, approved. Linking with Buzzard could cut fuel use 80%, save US$55M/yr, reduce emissions by 200k tCO2e/yr. Excess power could earn US$150M/yr. #EnergyUpdate

UAE Discovery Alert! 🇦🇪 SNOC announces the discovery of Al-Hadiba, Sharjah's 5th onshore gas field. Following Mahani (2020), Al-Hadiba's evaluations show promising potential. It's strategically located for integration with SNOC’s existing facilities in Al-Sajaa. #EnergyUpdate

Indonesia Development Alert! 🇮🇩 ExxonMobil launches infill drilling at Cepu block to boost Banyu Urip field output. Amid divestment talks, it deepens Indonesia ties, advancing CCUS projects with Pertamina. #EnergyUpdate

🇦🇷 Exploration Alert! @Equinor begins drilling Argerich-1, Argentina’s first ultra-deep water well in the Colorado Basin, targeting a 1 bnbbl prospect at 4,000m with partners YPF & Shell. Mirroring Namibia's Orange Basin, the area could attract global interest. #EnergyUpdate