Posts by Hugo Haynes
Eni gears up for Cinnamon spud off Morocco
Welligence reported Cinnamon would be the 16th well drilled on the block and the first since 2014. The consultancy noted the attraction of Morocco’s fiscal…
Read MoreMENA Q2 2023 M&A Quarterly | Big gas on the agenda
A strategic theme for many companies is increasing gas exposure. This is a key driver for much of the activity of the Majors, and increasingly…
Read MoreIraq M&A | Pertamina to acquire PETRONAS’ stake in Gharraf
In late-June 2023, PETRONAS informed Iraq’s Oil Ministry that it intended to sell its 45% operated stake in the Gharraf oil field in southern Iraq…
Read MoreWelligence East Med | Bid round and exploration bonanza
The offshore East Med region has grown in importance over the past decade due to the large gas discoveries made. While Egypt has a long…
Read MoreWelligence Middle East | MENA Outlook 2023
In this presentation, we highlight the recent M&A deal count and considerations in the MENA upstream sector and identify a key theme – gas portfolios…
Read MoreWelligence Middle East | Middle East NOCs – will the international upstream acquisition spree continue?
In a region where international E&Ps spent much of the last century jockeying to take a role in the upstream space, the tide in the…
Read MoreWelligence MENA M&A Quarterly Report | Bumper quarter for deal-making as Majors open their wallets
The quarter was one of the most eventful in MENA for many years. The stand-out deal was the bp and ADONC joint bid to acquire…
Read MoreWelligence UAE M&A | TotalEnergies strengthens its UAE position – what’s next for Cepsa?
On 1st March 2023, TotalEnergies announced the acquisition of Cepsa’s UAE portfolio for an undisclosed consideration. The package comprises stakes in the Umm Lulu &…
Read MoreWelligence Egypt Rumblings on the Ground | EGYPS 2023 – Egypt is open for business and set to play a key role as a regional gas hub
Welligence visited Cairo, Egypt last week to participate in the Egypt Petroleum Show (EGYPS 2023) and meet with key stakeholders in the O&G sector to…
Read MoreWelligence MENA M&A Q4 2022 | Positive outlook for deal-making despite risks to Capricorn/NewMed merger
We are pleased to release our quarterly report analysing M&A activity and the outlook for deal-making across the MENA region. As part of our comprehensive…
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