Posts by Ruaraidh Montgomery
Adnoc’s XRG calls off $18.7 billion Santos acquisition
Marc Howson, head of APAC at energy consultancy Welligence, told Upstream on Wednesday: “XRG is focused on becoming a top-five integrated global gas and LNG player,…
Read MoreEnergy & Utilities Roundup: Market Talk
“People are talking about too much supply chasing too little demand. There is demand out there, but it has not been growing at the same…
Read MoreSantos lifts lid on Adnoc deal collapse
Consultancy Welligence Energy Analytics earlier said that the XRG Consortium’s bid for Santos came “as no surprise”. “After rejecting Harbour Energy’s attempts to buy the…
Read MoreFive to watch: The Middle East’s $150 billion oil and gas megaprojects
Carlos Bellorin, executive vice president for energy trends and analysis at Welligence Energy Analytics, believes that the UAE’s oilfield expansion drive, on the back of…
Read MoreGlobal M&A | Global Upstream deal-making in August 2025 – a summary
Six transactions were announced in August 2025, in line with July and slightly below the rolling 12-month average. The largest deal was in the Canadian…
Read MoreGuyana Politics | Guyana’s 2025 election results and the East Caribbean Energy Triangle’s next chapter
On 7 September 2025, Guyana’s Elections Commission (GECOM) confirmed that President Irfaan Ali had been re-elected, securing 55.3% of the vote and a clear majority…
Read MoreWelligence | Argentina’s gas market – can all gas demand needs be met?
The scale of gas resource in the Vaca Muerta shale gives Argentina the opportunity to establish itself as a major player in both the regional…
Read MoreCanada Oil Sands M&A | Cenovus acquires MEG Energy for US$5.71 billion, advancing Canadian oil sands consolidation
On 22 August 2025, Cenovus Energy announced an agreement to acquire MEG Energy for US$5.71 billion (C$7.9 billion). CLIENT ACCESS REQUEST ACCESS
Read MoreGuyana among nations overhauling petroleum laws to attract investment – GEOExPro
The report, authored by Carlos Bellorin and Ruaraidh Montgomery of Welligence Energy Analytics, stated that between 2019 and 2025, at least 72 countries implemented major…
Read MoreTalos Energy confirms promising oil find at Daenerys in US Gulf of Mexico
“This is good news for the US GoM, which has seen only limited exploration success in recent years,” Welligence Energy Analytics stated on its LinkedIn today. “Furthermore,…
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