Posts by Lauren Mayhew
Kuwait unveils giant oil and gas discovery in promising offshore field
Kuwait’s oil production capacity currently stands at 2.9 million bpd and is expected to reach 3.2 million bpd by 2026. However, the nation currently produces…
Read MoreUK M&A | Prax acquires TotalEnergies’ West of Shetlands assets
On 27 June 2024, TotalEnergies announced the sale of its West of Shetlands assets to Prax Group for an undisclosed consideration. The deal includes 40%…
Read MoreBrazil awaits contentious Equatorial Margin call
The Equatorial Margin is also seen as crucial to Brazil’s near-term energy security. Beyond simply increasing hydrocarbon exports, “energy security serves as a significant driver…
Read MoreEast Med M&A | Carlyle acquires East Med assets from Energean for US$820 million plus contingent payments
On 20 June 2024, Carlyle International Energy Partners (CIEP) acquired a portfolio of assets from Energean in the East Mediterranean for a guaranteed US$820 million…
Read MoreEni to sell upstream assets to experienced US operator
“Both assets are in close proximity and there are joint projects such as the Partial Gas Processing (PGP) project, which involves installing a gas processing…
Read MoreMexico’s Zama Drama Eases, but Not Over for Talos, Other IOCs
“Projects such as Zama are expected to aid the long-term production decline that confronts Mexico, Andres Armijos, Welligence’s vice president and head of Latin America…
Read MoreBrazil is Oil Market Wildcard After Near-Million-Barrel Plunge
“Welligence, meanwhile, is more cautious, forecasting daily output of 3.4 million to 3.5 million for the rest of this year. Brazilian production won’t resume 2023s…
Read MoreMorocco M&A | Managem acquires stake in Sound Energy’s Moroccan gas portfolio
On 17 June 2024, Sound Energy announced it had entered into a binding SPA for the partial divestment of its Moroccan portfolio to the Moroccan…
Read MoreUAE M&A | PTTEP strengthens UAE portfolio with Ghasha ultra-sour gas acquisition
On 11 June 2024, PTTEP announced that it had acquired a 10% stake in the Ghasha offshore ultra-sour development in Abu Dhabi from Wintershall Dea.…
Read MoreUAE M&A | UAE and Azerbaijan deepen ties as SOCAR awarded stake in Umm Lulu and SARB concession
On 31 May 2024, ADNOC announced it had awarded a 3% interest in the Umm Lulu and Satah al Razboot (SARB) offshore concession to the…
Read More