Posts by Jamie McGreevy
Nigeria M&A | Equinor exits Nigeria, selling entire business to Chappal Energies
On 29 November 2023, Equinor announced the sale of its Nigeria business to Chappal Energies, for an undisclosed consideration. Equinor has a 53.85% interest in…
Read MoreAOW Rumblings on the Ground | The continent sticks to its own Energy Transition script
The Welligence team attended Africa Oil Week (AOW) this year in Cape Town, South Africa. We met with multiple clients and key stakeholders focused on…
Read MoreSub-Saharan Africa Q3 2023 M&A Quarterly | Deal flow remains strong with plenty on the menu heading into 2024
Four deals were announced in Q3, two in Angola and one each in Nigeria and Gabon. Activity was driven by African-focused independents and brownfield specialists…
Read MoreAngola M&A | PETRONAS gets a piece of the Kwanza Basin from TotalEnergies
On 27th September 2023, TotalEnergies announced during its 2023 Strategy and Outlook Day that it had agreed to sell 40% of its interests in Blocks…
Read MoreWelligence Sub-Saharan Africa | Eni brings Baleine online in less than two years
Eni has started production from the deepwater Baleine field located on blocks C1-101 and CI-802, offshore Côte d’Ivoire. The announcement comes less than two years…
Read MoreEni drills wildcat well in Angoche Basin offshore Mozambique
Italian oil company Eni is drilling its Raia-1 well located in Block A5-A of the Angoche Basin offshore Mozambique. According to a note from Welligence…
Read MoreAngola M&A | Afentra takes Azule out of Blocks 3/05 and 3/05A
On 19 July 2023, Afentra announced an agreement to acquire a 12% interest in Block 3/05 and 16% in Block 3/05A offshore Angola from Azule…
Read MoreSub-Saharan Africa Q2 2023 M&A Quarterly | deal-making up after muted Q1
Sub-Saharan Africa deal flow is up slightly after a muted Q1. The capital discipline trend continued with activity driven by portfolio optimisation and operational…
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