Posts by Omar Rios
Welligence US GoM Licensing | BOEM reinstates Lease 257 results
Has ExxonMobil made a big move for carbon storage sites in US GoM Lease Sale 257? The Major is set to pick up almost 100…
Read MorePemex’s Glaring Gas Flaring Problem
“Most of[Pemex’s] portfolio comprises mature oil-producing fields; as the most indebted E&P in the world, it is much less costly to flare or vent excess…
Read MorePemex reverses production decline
“The new fields account for the growing portion of Pemex’s production base — we anticipate output peaking at approximately 500,000 bbl/d next year and representing…
Read MoreHas exploration delivered under Mexico’s Energy Reform?
A tangible achievement of Mexico’s Energy Reform is the US$2 billion+ of IOC investment in exploring the country’s waters. ACCESS PDF
Read MoreWelligence Africa M&A | VAALCO and TransGlobe combination continues independents consolidation in Africa
Consolidation among the Africa-focused independents continues — this time VAALCO Energy is teaming up with TransGlobe Energy to create a company with a market value…
Read MoreWelligence Americas M&A Q2 2022 | PetroRio makes transformational Brazil acquisition, but headwinds could slow deal-making in the region
Brazil again dominated deal-making in our Americas coverage, with deals worth almost US$2.3 billion. M&A activity elsewhere was also again quiet. ACCESS PDF
Read MoreWelligence Brazil M&A | BW Energy’s inventive deal-making in Brazil could create enormous value
On 23 June 2022, BW Energy announced it is to acquire a package of deepwater assets in Brazil’s Espiritu Santo Basin from Petrobras for up…
Read MoreMexico Rumblings on the Ground | Cautious optimism post-AMLO — but is it too late?
Welcome to the Welligence “Rumblings on the Ground” series. In these short notes, we provide key findings from our interactions throughout the regions in our…
Read MoreWelligence Angola M&A | Afentra takes the Angola plunge with Block 3/05 acquisition
UK-based Afentra has agreed to buy interests in Angolan offshore Blocks 3/05 and 23 from Sonangol, the country’s NOC. Afentra has been targeting legacy assets…
Read MoreWelligence Brazil M&A | PetroRio’s transformational Albacora Leste acquisition
PetroRio’s planned US$2.2 billion acquisition of Albacora Leste is the largest purchase to date by an independent in Brazil. ACCESS PDF
Read More