Posts by Ruaraidh Montgomery
Guyana 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…
Read MoreGlobal M&A | Eni muscles up its gas and CCS business with Neptune Energy acquisition
On 23 June 2023, Eni and Vår Energi announced the acquisition of Neptune Energy for US$4.9 billion. ACCESS PDF
Read MoreArgentina M&A | Pampa Energia swaps wind farm with TotalEnergies to enter Vaca Muerta shale oil
Pampa Energia has announced it is to swap its 100 MW Mario Cebeiro Wind Farm (PEMC) with TotalEnergies, in exchange for the French Major’s 45%…
Read MorePeru | Lack of direction — can Peru define a path to develop its upstream sector?
Peru’s upstream sector has experienced a significant slowdown for almost ten years, primarily due to political volatility and social unrest. This has created obstacles for…
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