Posts by Ruaraidh Montgomery
UK M&A | RockRose agrees to acquire Shell and ExxonMobil’s SNS asset package
On 30 July 2024, RockRose Energy agreed to acquire the interests of both Shell and ExxonMobil in Shell’s operated Southern North Sea assets, comprising 15…
Read MoreAsia Pacific Q2 2024 M&A Quarterly | Gas centre stage as TotalEnergies drives APAC deal-making
Three deals were announced in Q2 2024, a decline from the five in Q1 2024 and the lowest activity since Q1 2023. The announced considerations…
Read MoreUK Fiscal & Policy | Labour increases EPL – and halts licensing?
On 4 July, the Labour party won the UK general election, ending the Conservative party’s 14-year tenure. This was followed on 29 July by the…
Read MoreNetherlands M&A | Tenaz Energy scales with NAM offshore acquisition
On 18 July 2024, Tenaz Energy acquired NAM’s offshore assets for an initial consideration of €165 million (US$180 million). NAM is a 50:50 joint venture…
Read MoreUK Energy Transition | Promoting UK gas production – a win-win scenario lost in politics
By 2030, UK gas production is set to decline by 59% compared to 2024. Current UK gas demand, around 8 bcf/d, is more than double…
Read MoreNorway M&A | PGNiG sources more gas with Atlantis acquisition
On 24 June, PGNiG announced the acquisition of Source Energy’s 20% interest in the Atlantis discovery for an undisclosed consideration. The licence also contains the…
Read MoreRumblings on the Ground Angola | Kwanza deepwater is go and exploration is back
Welligence recently visited Luanda, Angola to meet with key stakeholders in the O&G sector to gauge the overall upstream climate and the outlook for the…
Read MoreWelligence Global Corporate | A (successful) tale of two stories – what’s next for Galp?
Galp has had an excellent start to 2024, announcing the offshore Namibia Mopane discovery, the largest deepwater find globally in the last 12 months. The…
Read MoreNorway M&A | PGNiG and Equinor harmonise Gina Krog area interests
On 4 June, PGNiG acquired a 19.5% interest in the Eirin development from Equinor for an undisclosed consideration. The deal harmonises interests in the Gina…
Read MoreNorway M&A | Concedo acquires Bøyla area interest from Vår Energi
On 24 May 2024, Concedo acquired Vår Energi’s 20% interest in the Bøyla field and the Froskelår discovery for US$24 million. The effective date of…
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