Welligence Launches Global Greenhouse Gas Coverage for Oil and Gas Industry

Welligence Energy Analytics has launched a global greenhouse gas (GHG) coverage for clients, providing detailed emissions data for every upstream oil and gas company and field worldwide. The platform offers instant access to historical and projected emissions data, enabling clients to optimize portfolios, evaluate environmental and financial implications, and track progress towards decarbonization targets. Welligence aims to help the industry gain a deeper understanding of environmental performance and unlock opportunities for decarbonization.

Welligence Energy Analytics, a prominent player in the global energy data and intelligence market, has recently announced the launch of a comprehensive global greenhouse gas (GHG) coverage for its clients [1]. This innovative platform provides detailed emissions data for every upstream oil and gas company and field worldwide, enabling clients to optimize portfolios, evaluate environmental and financial implications, and track progress towards decarbonization targets [2].

The company's recent $41 million series B funding round, led by Boston-based venture capital firm Elephant with participation from Veriten, EDG Group, and several high-profile executives from the energy, information services, and enterprise software industries, underscores the growing demand for such comprehensive energy data solutions [1][2].

Welligence's GHG coverage builds upon the company's existing expertise in global oil and gas markets, greenhouse gas emissions, and projects related to carbon capture storage and utilization (CCUS) [1]. With employees and clients across Africa, Asia, Europe, Latin America, the Middle East, and North America, and plans to open offices in several new countries, Welligence is well-positioned to provide global coverage for its clients [1].

Welligence's CEO, Ross Lubetkin, expressed his excitement about the funding and its potential impact on the company's growth and vision: "Our team is proud of the growth we’ve achieved over the last six years. The foundation of Welligence has now been built. We have a world-class team, a robust database and platform, and a brand recognized globally in our industry. Raising significant capital from some of the market’s most sophisticated investors with a proven track record is a pivotal step towards realizing the Welligence vision — to solidify our presence as a leading global energy research house" [1].

Christopher De Souza, Partner at Elephant, shared his enthusiasm for Welligence's potential and the company's use of new technology, ideas, and methodologies: "We have been extremely impressed by the Welligence team and product and are excited by the scalability of the platform. Through the company’s use of new technology, ideas, and methodologies, Welligence continues to take market share in a space traditionally monopolized by a few legacy players. Welligence’s global energy database positions it well for expansion into new frontiers" [1].

References:
[1] Pulse2. (2023, March 21). Welligence Energy Analytics - $41 Million Funding. https://pulse2.com/welligence-energy-analytics-41-million-funding/
[2] Houston Innovation Map. (2023, March 20). Welligence Energy Analytics Secures $41 Million in Series B Funding. https://houston.innovationmap.com/welligence-energy-analytics-veriten-series-b-2667080419.html