Posts by Enrique Vega
Welligence Brazil M&A | Ecopetrol buys 26% of Brava Energia, setting course for majority control
On April 23, 2026, Ecopetrol (BVC: ECOPETROL; NYSE: EC), Colombia’s NOC, announced it had entered into a Share Purchase Agreement (SPA) with a group of…
Read MoreArgentina M&A | Vista Energy acquires Vaca Muerta assets from Equinor for US$1.03 billion
On 2 February 2026, Vista Energy announced the acquisition of Equinor’s Vaca Muerta portfolio. This includes 30% non-operated interest in Bandurria Sur, 50% non-operated interest…
Read MoreBrazil M&A | KUFPEC enters Brazil with 20% acquisition of pre-salt Orca Project from Shell
On 3 February 2026, Kuwait Foreign Petroleum Exploration Company (KUFPEC) announced the acquisition from Shell of a 20% non-operating stake in the Orca and Sul…
Read MoreWelligence Latin America Q4 2025 M&A Quarterly | Argentina and Brazil continue to lead M&A activity
Latin America Q4 2025 ended with five deals announced, keeping pace with the five deals in Q3 2025 and surpassing the three deals in Q4…
Read MoreArgentina M&A | YPF continues portfolio transformation towards pure play shale with US$575 million Manantiales Behr sale
On 16 January 2026, YPF announced the sale of its Manantiales Behr conventional asset, along with three associated oil transport concessions and field inventories, to…
Read MoreWelligence Development | Venezuelan gas – an overlooked opportunity
Venezuela’s gas potential flies under the radar due to the country’s dominant oil profile – indeed, nearly all commentary since Maduro was removed from office…
Read MoreBrazil M&A | Brava expands Campos position as PETRONAS repositions and exits Tartaruga Verde & Espadarte Mod. III
On 16 January 2026, Brava announced the acquisition of PETRONAS’ 50%, non-operating interest in Tartaruga Verde and Espadarte Module III in the deepwater Campos Basin.…
Read MoreArgentina M&A | Continental Resources expands Vaca Muerta portfolio with acquisition from PAE
On 5 January 2026, Continental Resources (CLR) announced the acquisition of 20% non-operated stakes of Pan American Energy’s (PAE) participation in four Vaca Muerta shale…
Read MoreGlobal M&A | Global Upstream deal-making in December 2025 – a summary
Ten deals were announced in December 2025, continuing the strong end to the year. The monthly spend level was also the second highest of the…
Read MoreWelligence Colombia Rumblings on the Ground | Near-term energy uncertainty, cautious optimism around a 2026 political reset
Welligence recently visited Cartagena, Colombia to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and the overall outlook for…
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