Posts by Ifeanyi Onyegiri
Welligence 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 MoreWelligence Angola Rumblings on the Ground | New developments underway, but can exploration replenish the hopper?
Welligence recently visited Luanda, Angola to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and the overall outlook for…
Read MoreShell scores third find off Namibia
Welligence Energy Analytics reported this morning that Total had spudded its “critical appraisal well” on Venus. The Tungsten Explorer has spudded the Venus-1A at a…
Read MoreThe Tinubu presidency and Nigeria’s energy challenges
“I think one of his first steps will be to set up a committee to review the sticking points in the PIA with the industry…
Read MoreWelligence Sub-Saharan Africa | Nigeria’s election result – Can a change of guard revive the ailing oil & gas sector?
Bola Tinubu has been announced as the winner of the presidential election – he will be sworn in as president on 29th May 2023. But…
Read MoreWelligence Sub-Saharan Africa M&A | Somoil snaps up Galp’s Angolan portfolio
On 13th February 2023, Galp announced it had agreed to sell its Angolan upstream portfolio to Somoil for US$830 million, comprising US$655 million on completion…
Read MoreWelligence Sub-Saharan Africa M&A Q4 2022 | Deal-making set for continued growth in 2023
We are pleased to release our quarterly report analysing M&A activity and the outlook for deal-making across the Sub-Saharan Africa region. As part of our…
Read MoreSub-Saharan Africa FLNG | Uniquely positioned to quench Europe’s LNG thirst
As tightness in the global LNG market persists and appetite for new onshore liquefaction projects wavers, operators in Sub-Saharan Africa (SSA) are turning to floating…
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