Posts by Ruaraidh Montgomery
Welligence Latin America Q1 2026 M&A Quarterly | Outside of L48 Latin America leads in deal count
13 deals were announced during Q1 2026, three of which failed, bringing the total to ten deals, compared with five in Q4 2025 and 14…
Read MoreConsolidation in the small-cap explorer space – Eco Atlantic acquires JHI Associates
On 11 March 2026, Eco Atlantic (Eco) signed an agreement to acquire JHI Associates in an all-equity deal valued at US$52.3 million. This marks a…
Read MoreWelligence Mexico M&A | LUKOIL makes first divestment as Grupo Carso expands upstream portfolio
On 19 January, Grupo Carso announced the acquisition of Fieldwood Mexico, a subsidiary of LUKOIL, for US$600 million, comprising US$270 million cash and the assumption…
Read MoreUS GoM M&A | Harbour Energy enters US GoM with US$3.2 billion acquisition of LLOG
Harbour Energy is to acquire LLOG for a consideration of US$3.2 billion, comprising US$2.7 billion cash and US$0.5 billion in equity – the price is…
Read MoreFalkland Islands/Islas Malvinas Development | Sea Lion greenlit: unlocking the islands oil potential
On 10 December 2025, Navitas and Rockhopper Exploration announced FID on Phase 1 of the long-awaited Sea Lion oil development. CLIENT ACCESS REQUEST ACCESS
Read MoreBrazil Licensing | Petrobras & Shell anchor PPSA’s 1st Tract Participation Round as government scores fiscal success amid muted sector appetite
On 4 December 2025, the PPSA (Pre-Sal Petroleo S/A) held its 1st Tract Participation Round, offering its minority stakes in the Mero (3.5%), Tupi (0.551%)…
Read MoreBrazil Rumblings on the ground | Brazil 2026 – Balancing upstream growth, energy transition and energy security amid election uncertainty
Welligence recently visited Rio de Janeiro, Brazil, to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and discuss the…
Read MoreArgentina | Is there enough pipeline capacity to meet Argentina’s gas growth?
The development of the Vaca Muerta is accelerating. This activity must be met with increased pipeline capacity, either through the expansion of existing infrastructure or…
Read MoreGlobal M&A | Global Upstream deal-making in October 2025 – a summary
Just three transactions were announced in October 2025, half the rolling 12-month average. Serica Energy and Tenaz Energy continued their respective expansion drives in the…
Read MoreNorth American Projects, Players and Deals in LNG’s Spotlight
“In 2025 to-date, five out of the six liquefaction projects reaching Final Investment Decisions (FID) globally, representing around 90% of liquefaction capacity, are located on…
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