Posts by Ifeanyi Onyegiri
Arc of instability threatens Sahel’s upstream, pipeline ambitions
“The trend shows that there is a growing political risk in the Sahel, (especially in the Francophone region),” noted Ifeanyi Onyegiri, analyst at upstream consultancyWelligence.…
Read MoreExxon looks for long-term rig duo off Nigeria
Welligence vice president Obo Idornigie said partners in Owowo were planning to tie the field back to Usan FPSO, which is underutilised. “This is encouraging…
Read MoreWelligence Nigeria M&A – Oando consolidates onshore, buys out Eni from NAOC JV
On 4 September 2023, Oando announced the acquisition of Eni’s wholly-owned Nigerian subsidiary, Nigerian Agip Oil Company Ltd (NAOC), for an undisclosed consideration. NAOC has…
Read MoreWelligence Sub-Saharan Africa | LNG powerhouses look to plug feedstock gap
West Africa’s three established LNG suppliers, Angola LNG (ALNG), Equatorial Guinea LNG (EGLNG) and Nigeria LNG (NLNG) have all been struggling to maximise output. With…
Read MoreGabon M&A | Maurel & Prom becomes Gabon’s top onshore producer with Assala Energy acquisition
On 15 August 2023, Maurel & Prom (M&P) announced the acquisition of Carlyle’s entire holdings in Gabonese onshore player, Assala Energy, for US$730 million. The…
Read MoreWelligence Nigeria Rumblings on the Ground | Can the incoming administration turn around Nigeria’s oil and gas fortunes?
Welligence recently visited Lagos and Abuja in Nigeria to meet with key industry and government stakeholders in the O&G sector. Bola Tinubu is expected to…
Read MoreWelligence Sub-Saharan Africa M&A | AFC doubles down with Aker Energy in Ghana
On 14th April 2023, Africa Finance Corporation (AFC) agreed to acquire all the shares of Aker Energy, a subsidiary of the Norway-based Aker Group. AFC…
Read MoreWelligence Sub-Saharan Africa M&A Quarterly Report | Will deal-making pick after quiet Q1?
Deal flow in Q1 was muted, with the only deal announced being Somoil’s US$830 million acquisition of GALP’s Angolan portfolio. The other noteworthy event was the Chadian…
Read MoreWelligence MENA M&A | bp and ADNOC make bid for NewMed Energy
On 28 March 2023, bp announced a joint bid with Abu Dhabi National Oil Company (ADNOC) to acquire 50% of NewMed Energy. ACCESS PDF
Read MoreWelligence Namibia Exploration | Lower Cretaceous success for Shell at Jonker-1X in Namibia
The Orange Basin in Namibia continues to deliver. The latest success is a light oil discovery made by Shell’s Jonker-1X well. The well is on…
Read More