Posts by Andrew Burr
Canada Oil Sands M&A | Cenovus acquires MEG Energy for US$5.71 billion, advancing Canadian oil sands consolidation
On 22 August 2025, Cenovus Energy announced an agreement to acquire MEG Energy for US$5.71 billion (C$7.9 billion). CLIENT ACCESS REQUEST ACCESS
Read MoreGlobal M&A | Global Upstream deal-making in July 2025 – a summary
Six transactions were announced in July 2025, down on the 10 announced in June and slightly below the rolling 12-month average. The majority were small…
Read MoreWelligence Global M&A | Global Upstream deal-making in June 2025 – a summary
Ten transactions were announced in June 2025, broadly in line with the nine in May and the rolling 12-month average. CLIENT ACCESS REQUEST ACCESS
Read MoreWelligence Global M&A | Santos to fill XRG’s Pacific LNG needs?
A consortium comprising XRG (a subsidiary of ADNOC), Abu Dhabi Development Holding Company (ADQ) and private equity firm Carlyle, has submitted a non-binding proposal to…
Read MoreWelligence Nigeria M&A | Shell consolidates in OML 118 (Bonga), buys out TotalEnergies for US$510 million
On 29 May 2025, TotalEnergies said it had agreed with Shell to sell its non-operated 12.5% interest in the OML 118 licence for US$510 million.…
Read MoreWelligence US Gulf of America (GoM) | Trump plans to loosen decommissioning rules
On 2 May, the U.S. Department of the Interior (DOI) announced its intention to revise BOEM’s 2024 rules regarding financial assurances for decommissioning liability in…
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