Posts by Jamie McGreevy
Eni has another barnstorming oil discovery in West Africa ‘hot spot’
A note from Welligence Energy Analytics said Eni’s discovery “bodes well” for US-based Murphy, which “picked up a substantial acreage position in the country last…
Read MoreWelligence Cote d’Ivoire M&A | VAALCO takes out Svenska and enters Côte d’Ivoire
On 29 February 2024, VAALCO Energy announced it had agreed to acquire Svenska Petroleum Exploration for US$66.5 million. Svenska’s primary asset is the producing deepwater…
Read MoreSub-Saharan Africa Benchmarking | Africa-focused Independents in a low-carbon future
The SSA-focused independents have dominated M&A transactions on the continent, accounting for 80% of the acquisition spend disclosed in 2023. But with ESG scrutiny ramping…
Read MoreSub-Saharan Africa Q4 2023 M&A Quarterly | Deal flow slows, but is it the calm before the storm?
Two deals were announced in Q4 2023. This was a slow finish to the year but still contributed to 2023 being the most active year…
Read MoreNamibia M&A | TotalEnergies boosts stake in giant Namibian discovery
On 10th January 2024, TotalEnergies announced it had agreed to acquire an additional 10.5% in block 2913B (PEL 56) and 9.39% in block 2912 (PEL…
Read MoreNigeria 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…
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