Posts by Ruaraidh Montgomery
UK M&A | Serica acquires Parkmead’s UK business
On 12 December, Serica Energy agreed to acquire Parkmead’s UK business, comprising a 50% interest in the undeveloped Fynn/Beauly discovery (licence P2634) and a 50%…
Read MoreGlobal M&A | Kosmos in talks to acquire Tullow
On 12 December 2024, it was confirmed that Kosmos Energy is in preliminary talks to take over Tullow Oil in a potential all-share transaction. Kosmos…
Read MoreUK M&A | Equinor and Shell join forces, creating the largest UK E&P
On 5 December 2024, Equinor and Shell agreed to combine their UK subsidiaries into a joint venture to be owned 50:50 by the two companies.…
Read MoreUK Corporate Strategy | Apache exiting the North Sea – the tip of the iceberg?
Apache is planning to prematurely cease production at its two operated hubs, Beryl and Forties, and exit the UK North Sea by 2030. This is…
Read MorePapua LNG set for FID next year
“Asian LNG buyers are therefore evaluating which alternative liquefaction projects to accelerate towards FID,” said Marc Howson, head of Asia-Pacific and global LNG at consultancy…
Read MoreNorway M&A | Equinor acquires Sval Energi’s Halten Øst interest
On 7 November 2024, Equinor announced it had acquired Sval Energi’s 11.8% interest in the Halten Øst development for an undisclosed consideration. Halten Øst is…
Read MoreWelligence | Weekly Quick Takes
This report provides our clients with access to the key postings on our LinkedIn page. It is regularly updated, with the most recent posts sitting…
Read MoreNorway Rumblings on the Ground | M&A market fails to ramp up but opportunities remain
Welligence recently attended ONS in Stavanger and subsequently visited Oslo to meet with key stakeholders in the O&G sector to discuss current and upcoming activity,…
Read MoreNorway M&A| Lime Petroleum acquires OKEA’s Yme interest
On 23 September 2024, Lime Petroleum acquired OKEA’s 15% interest in the Yme field for US$15.65 million. Lime Petroleum will also pay OKEA US$9.2 million…
Read MoreUK | Understanding tax loss positions with the Welligence platform
The UK fiscal system is one of the most complex globally, with numerous changes to taxation since drilling commenced in the North Sea in 1964.…
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