Oil & Gas

Much more than an oil country

With 202 Tcf, Venezuela accounts for 73 % of South America’s total natural gas resources, but gas production has been minimal in localized domestic markets due to limited existing infrastructure…

The globalization of gas

In 2022, Europe witnessed an energy crisis like no other in modern times. Natural gas prices soared, hitting a historic high of more than €330 per MWh in August 2022.…

Natural Gas: The best ally for Colombia’s energy transition

Although natural gas production (1,050 MMcfd) in Colombia exceeds daily demand (960 MMcfd), the contrary could occur in the coming years with increasing demand and a slowdown in discoveries and…

Large licence turnover, but what’s the value added?

There has been significant coverage in the news about the latest UK licensing round. To backtrack, the 33rd Offshore Licensing Round officially opened on 7 October 2022 with applications closing…