Posts by Ruaraidh Montgomery
The shrinking pool of large international E&P companies
“The group of large international E&Ps has been steadily shrinking. Over the past five years, companies in the peer group, including Noble Energy, Marathon, and…
Read MoreBrazil Licensing | Petrobras and Equinor lead, Karoon goes solo and CNOOC & Sinopec form an all-Chinese JV in the 3rd PSC Permanent Round
On 22 October 2025, the ANP successfully held Brazil’s 3rd PSC Permanent Offer Round, awarding five of the seven pre-salt exploration blocks, three in the…
Read MoreEquinor prepares to start delayed deepwater project offshore Brazil
“Ultra-deep reservoirs, high pressure, and full gas reinjection have stretched costs and project timelines,” said Andre Fagundes, a vice president at energy consultancy Welligence who…
Read MorePetronas offers another cluster of discoveries
Consultant Welligence Energy Analytics on LinkedIn noted that the Estuary Cluster is located approximately 30 kilometres from the nearest existing infrastructure on EnQuest’s PM8 Extension,…
Read MoreWelligence Latin America Q3 2025 M&A Quarterly | A quiet quarter in Latin America
Latin America M&A softened in Q3 2025, with activity clustered in Argentina (three) and Colombia (two) as portfolio optimization and divestments drove decisions. Vaca Muerta…
Read MoreArgentina | GeoPark’s Loma Jarillosa Este – how does it compare against the most mature shale oil assets?
Following GeoPark’s recent acquisition in Vaca Muerta, Welligence prepared a detailed technical analysis highlighting the play’s key metrics, benchmarking the acquired Loma Jarillosa Este (LJE)…
Read MoreArgentina M&A | GeoPark enters Vaca Muerta through acquisition from Pluspetrol
On 25 September 2025, GeoPark announced the acquisition of operated stakes in two Vaca Muerta shale oil blocks from Pluspetrol for US$115 million. The acreage…
Read MoreAnother exploration well planned in Australian offshore gas hunt
“The aim is to increase local gas supplies rapidly, as the gas-short Australian East Coast ruminates on importing LNG,” said Welligence Energy Analytics. “The need…
Read MoreAdnoc’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 MoreWelligence Trinidad and Tobago Licensing | CNOOC follows ExxonMobil into deepwater T&T
On 17 September, Trinidad’s Ministry of Energy and Energy Industries (MEEI) announced it received bids on four of the 26 available blocks for its 2025…
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