Posts by Saskia Goacher
UK M&A | Serica Energy to acquire bp’s Culzean interest
UK North Sea M&A momentum continues as Serica Energy agrees to acquire bp’s non-operated stake in the Culzean gas-condensate field. The deal is for a…
Read MoreWelligence Europe Q3 2025 M&A Quarterly | Activity is up, but value is down as M&A challenges persist
Europe upstream M&A activity rose in Q3 2025, while value stayed muted as headwinds persisted. The UK and Norway drove most transactions, with Serica’s consolidation…
Read MoreGlobal M&A | Global Upstream deal-making in September 2025 – a summary
Seven transactions were announced in September 2025, in line with the rolling 12-month average. The largest were unconventional – GeoPark re-entered Argentina to establish a…
Read MoreWelligence Russia & Caspian Q2 2025 M&A Quarterly | A bounce from Baku
Two transactions for developed assets were announced in Q2 2025, with a total modelled transaction value of c. US$701 million.
Read MoreWelligence Angola M&A | Afentra and Maurel & Prom acquire etu energia’s stakes in Blocks 3/05 and 3/05A
Afentra and Maurel & Prom have agreed to jointly acquire etu energia’s 10% stake in Block 3/05 and 13.33% stake in Block 3/05A for US$46…
Read MoreUK Fiscal & Policy | The potential of undeveloped gas discoveries to boost the UK’s energy security
In May 2025, Welligence presented the following analysis at the DEVEX conference in Aberdeen, examining if the remaining undeveloped discoveries in the UK could supplement…
Read MoreUK M&A | Ithaca Energy increases Cygnus gas field interest
On 20 May 2025, Ithaca Energy announced the acquisition of a 46.25% interest from Spirit Energy in the Southern North Sea Cygnus gas field for…
Read MoreUK M&A | Ithaca Energy acquires JAPEX UK
On 25 March 2025, Ithaca Energy announced the acquisition of JAPEX’s UK business for an estimated cash consideration at completion of US$140 million, based on…
Read MoreGabon M&A | Tullow Oil exits Gabon, sells to Gabon Oil Company
On 24 March 2025, Tullow said it had reached a binding heads of terms agreement with Gabon Oil Company for the sale of its Gabonese…
Read More