Posts by Ifeanyi Onyegiri
Welligence 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…
Read MoreWelligence Sub-Saharan Africa M&A Q3 2022 | Deal flow slows but plenty on the menu heading into 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 MoreWelligence Africa | Will the Nigerian independents play a bigger role as the Majors divest?
The divestment campaign by the Majors in Nigeria has created a pool of Nigerian-focused Independents. Incumbents like Amni plus new players like Seplat and First…
Read MoreWelligence Sub-Saharan Africa Upstream M&A Report (Q2 2022) | Tullow and Capricorn move to merge while Angola M&A heats up!
The highlight of Q2 was Tullow Oil and Capricorn Energy’s merger announcement. We also saw Sonangol attract new investors to Angola, selling parts of its…
Read MoreWelligence Africa LNG: Plugging the EU’s gas gap – Can Sub-Saharan Africa play a key role?
The European Union’s (EU) push to wean itself off Russian gas imports has been grabbing headlines for months. Last year, Russia accounted for almost 40%…
Read MoreCan sub-Saharan Africa help fill the EU’s gas gap?
Africa has potential to expand LNG exports, but its additional contribution is likely to remain limited.
Read MoreWelligence Sub-Saharan Africa Benchmarking | The Sub-Saharan Africa Independents – Can they pick up the slack from the Majors?
The African focused Independents continue to dominate M&A in the region. These companies now account for US$5 billion of acquisition spend in the region. Acquisition…
Read MoreSub-Saharan Africa M&A | Will Seplat’s transformational acquisition set the stage for further deal-making in Nigeria?
Nigerian independent Seplat Energy has agreed to pay US$1.283 billion (plus US$300 million in contingency payments) for ExxonMobil’s Nigeria shallow-water portfolio. This deal is Nigeria’s…
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