Posts by Melissa Lucio
Brazil M&A | 3R/Enauta/Maha merger creates a leading Latin American independent
On 26 June 2024, the shareholders of 3R Petroleum and Enauta approved the merger of the two companies. Simultaneously, approval was also given for the…
Read MoreMexico Politics | Mexico’s upstream sector faces uncertainty after Sheinbaum’s landslide victory
In the week before the election, the Welligence team met with various oil and gas companies, government officials, and key stakeholders to gauge sentiment and…
Read MoreMozambique M&A | ADNOC makes its SSA debut by acquiring Galp’s stake in Area 4, offshore Mozambique
On 22 May 2024, ADNOC announced that it will acquire Galp’s entire shares and shareholder loans in its Mozambique subsidiary. At deal completion, Galp will…
Read MoreArgentina M&A | GeoPark enters the Vaca Muerta in latest deal
On 13 May 2024, GeoPark announced the acquisition of a non-operated stakes in four contiguous Vaca Muerta blocks from Phoenix Global Resources (PGR) for a…
Read MoreTrinidad & 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…
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