Posts by Ruaraidh Montgomery
US GoM M&A | Esperanza acquires ExxonMobil’s stake in Ursa/Princess
On 21st February 2024, Esperanza Capital Partners announced the acquisition of ExxonMobil’s 15.96% stake in the Shell-operated Ursa/Princess fields in the deepwater US Gulf of…
Read MoreWelligence UK Fiscal & Policy | Labour’s proposed windfall tax terms – another damaging shift in policy on the cards?
On 8 February, the Labour Party announced that it was reducing its £28bn annual expenditure target on green/renewable energy. As part of this announcement and…
Read MoreUK Licensing | Big players continue to dominate 33rd Round awards
On 31 January 2024, the NSTA announced the offers of awards in the second tranche of the 33rd Offshore Licensing Round. A total of 24…
Read MoreAmericas Q4 2023 M&A Quarterly | Deal-making is back on the table
Q4 2023 saw a slight uptick in deal flow anchored by a flurry of transactions in the US Gulf of Mexico and Brazil. We also…
Read MoreShell demonstrates renewed focus on hydrocarbons
“The European majors are battling pressures from investors to reduce emissions while maintaining strong shareholder returns… Shell’s shift in strategy is largely explained by CEO…
Read MoreEast of Shetland: Will the UK’s heavy oilfields overcome their challenges?
David Moseley, vice president of operations at Welligence saying: “Heavy oil developments require significant capex, opex and are subject to longer pay back periods, as…
Read MoreUS GoM M&A | North American M&A frenzy spills into the Gulf — Talos Energy acquires QuarterNorth
On 15 January 2024, Talos Energy announced it had agreed to acquire QuarterNorth for US$1.29 billion. The deal will be funded through the issuance of…
Read MoreEurope Q4 2023 M&A Quarterly | Buoyant quarter with more deals to follow
Nine deals were announced in Q4 2023, in line with Q2. This contributed to making 2023 the joint most active year for M&A so far…
Read MoreNorway Licensing | Frontier licence awards return in APA 2023
On 16 January 2024, the Norwegian Offshore Directorate (SODIR) announced the award of 62 production licences to 24 companies in the Awards in Predefined Area…
Read MoreCaspian M&A | Equinor exits Azerbaijan, selling portfolio to SOCAR
On 22 December 2023, Equinor ended its 30-year presence in Azerbaijan, selling its portfolio to the State Oil Company of the Azerbaijan Republic (SOCAR). ACCESS…
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