Posts by Ruaraidh Montgomery
Global M&A | Big is back! Chevron to acquire Hess for US$60 billion
Chevron’s proposed US$60 billion acquisition of Hess is the second giant deal in North America in the space of two weeks, following ExxonMobil’s planned US$65…
Read MoreAmericas Q3 2023 M&A Quarterly | Deal flow remains sluggish, but opportunity pipeline is strong
The Americas saw continued slow deal flow, with six transactions primarily driven by asset acquisitions in US GoM. There was just one transaction in Latin…
Read MoreEnergy giants place tentative bets on oil finds in ‘wildcat’ Uruguay
“Uruguay has never yielded a commercial discovery… from an oil & gas point of view, it is high risk, but that’s what companies are chasing,”…
Read MoreGuyana receives bids for eight oil and gas blocks, including from Exxon and Total
“The government’s strategic objective to lessen the influence by the major players already active in the country looks unlikely to be achieved”, said Andres Armijos,…
Read MoreWoodside’s $7.2 Billion Bet on Deepwater Mexico Potential
“… Dominated by the Majors, no company has been able to replicate the success of Trion so far — a testament to the frontier and…
Read MoreBrazilian upstream enjoys bumper year
“Despite the stringent environmental process, which has led several companies to abandon exploration plans in [the Foz do Amazonas Basin], we believe a glimmmer of…
Read MoreBrazil Rumblings on the Ground | Navigating new horizons: Lula, Petrobras, and the strategy for an emerging gas market
Welligence recently visited Rio de Janeiro and Sao Paulo to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and…
Read MoreOptimism grows around Mexican upstream
Consultancy Welligence notes that Trion FID “was first targeted for 2022 but delayed due to market uncertainty and high contracting costs.”
Read MoreAmericas Q2 2023 M&A Quarterly | Is uptick in deal activity precursor to larger transactions?
Opportunities and interest exist, but political uncertainty across Latin America is likely to continue holding back activity. Furthermore, it’s clear that the Petrobras divestment program…
Read MoreArgentina M&A | Trafigura steps up Argentina exposure with CAPEX deal
Trafigura is to fund 30% of the cost of a four well Vaca Muerta shale oil pilot at CAPEX’s Agua del Cajon asset. CAPEX is…
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