Posts by Melissa Lucio
Trinidad & Tobago M&A | Touchstone Exploration acquires Trinity E&P in latest consolidation move among independents
On 1 May 2024, Touchstone Exploration announced the acquisition of Trinity E&P in an all-share transaction that puts a value of US$30.1 million (£24.1 million)…
Read MoreNorth America Q1 2024 M&A Quarterly | Independents drive steady deal flow in US GoM
All three deals announced in Q1 2024 were located in the US Gulf of Mexico and involved packages of assets. In each case, the reserves…
Read MoreLatin America Q1 2024 M&A Quarterly | A slow start to the year, but calm before the storm?
There were just three deals announced in the quarter, following a flurry of activity at the end of 2023. The first transaction was in Argentina…
Read MoreBrazil M&A | Consolidation race in Brazil – independent E&Ps pursue mergers
Consolidation among Brazil’s independents looks set to kick off, with 3R Petroleum the “target”. Maha Energy made the first move, proposing a merger of 3R’s…
Read MoreMexico M&A | Pemex’s evolution: uncovering hidden gems through divestment
Pemex’s portfolio comprises ~350 producing fields, with the Top 25 contributing 76% (2 MMboe/d) of total production. This elite group primarily consists of shallow-water oil/gas…
Read MoreArgentina M&A | Opportunity knocks for Argentina’s independents – YPF’s divestment program
On 1st March 2024, YPF formally announced its intention to “optimize its Conventional Upstream portfolio”. The company will look to sell, or return to the…
Read MoreUS GoM M&A | OG Energy achieves US GoM critical mass with acquisition from Beacon Offshore
On 29 March 2024, Beacon Offshore announced the completion of the divestment of its non-operated interests in certain fields to OG Energy for an undisclosed…
Read MoreBrazil M&A | Westlawn Americas Offshore continues its rapid growth with US$301.7 million Brazil upstream acquisition
On 21 March 2024, Westlawn Americas Offshore (WAO) announced the acquisition of a non-operating 20% interest in the BS-4 concession from Enauta for US$301.7 million.…
Read MoreVaca Muerta wins markets in the region: Bolivia already imports oil from Neuquén
Andrés Armijos, head of LATAM at the Houston-based consulting firm Welligence Energy Analytics, confirmed that Bolivia has not been successful in its exploratory plans to…
Read MoreAustralia M&A | JERA increases Australian LNG exposure, as Woodside trims Scarborough stake
On 23 February 2024, Woodside announced that it has agreed to sell a 15.1% interest in its operated Scarborough JV to JERA, for US$1.4 billion.…
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